December 11, 2025 - 20:18

ROME, Dec 11 - Italy is set to implement a new levy on parcels shipped from outside the European Union, targeting shipments valued at up to 150 euros (approximately $176.31). This initiative is part of a broader strategy to enhance revenue as the government grapples with fiscal challenges. The proposed tax aims to address the growing trend of online shopping and the influx of goods from non-EU countries, which has raised concerns about fair competition for local businesses.
In addition to the parcel levy, Italy plans to significantly increase its tax on financial transactions. This move is expected to double the current rate, reflecting the government's commitment to generate additional funds to support public services and economic recovery efforts. The combination of these measures highlights Italy's ongoing efforts to balance its budget while navigating the complexities of a globalized economy. The government anticipates that these changes will help stabilize its financial landscape in the coming years.
August 4, 2026 - 19:35
Offering Islamic bonds expanded corporate financing accessA fresh academic study, co-written by Jean Helwege, a finance professor at the University of California, Riverside, shows that the rise of Islamic bonds has brought billions in fresh capital to...
August 4, 2026 - 11:41
Mayor Brandon Johnson’s budget director Annette Guzman resigns amid finance team shakeup ahead of tough budgetAnnette Guzman, who has served as Chicago`s budget director since Mayor Brandon Johnson took office, is leaving her post. Her departure marks a significant shift in the city`s financial leadership...
August 3, 2026 - 18:20
Which Financial Stock Would Hold Up Better in a Recession: PayPal or American Express?Investors are starting to ask which payments company can weather a downturn, and the answer is becoming clearer. Between PayPal and American Express, the traditional card issuer looks like the...
August 3, 2026 - 03:13
Bereavement charity at 'financial crisis point'A Birmingham-based charity that supports bereaved families says it is at a `financial crisis point` and could be forced to shut its doors within months. Edward`s Trust, which has helped children...