Tax rates do vary dramatically depending on which country you live in. The accountancy firm PricewaterhouseCoopers (PWC) has crunched the numbers for the G20 nations. For each country, they calculated how much a high earner on a salary of $400,000 (£240,000) in 2013, with a mortgage of $1.2m (£750,000), would have left after all income tax rates and social security contributions.
Brazil's federal police started on Tuesday a two-day work stoppage to demand better wages and improved security for the World Cup.
FIFA recognized the terrible conditions for migrant workers in Qatar, host of the 2022 World Cup, at a European Parliament hearing but fell short of calling for an end to the kafala visa system which enslaves people working in the country.
Spanish oil major Repsol's board approved on Tuesday in Madrid a definitive 5 billion dollars settlement from Argentina over assets seized in 2012, drawing a line under a two-year battle for compensation.
Gibraltar will play against the might of Germany, Scotland, Poland, the Republic of Ireland and Georgia in Group D of the qualifying rounds in the Euro 2016 football championships. Gibraltar’s first match is a home-fixture on 7 September against Poland.
Gibraltar lawmakers unanimously approved new legislation that will dramatically expand Gibraltar’s network of agreements for the exchange of tax information. The legislation implements OECD’s Convention on Mutual Administrative Assistance in Tax Matters in Gibraltar ahead of the March 1 deadline.
HMS Richmond is back in Portsmouth at the end of her South Atlantic patrolling that saw her spend 2,881 hours at sea covering 33,316 nautical miles, visiting seven foreign countries (Portugal, Cape Verde, South Africa, Panama, Colombia, Bahamas and the United States of America) and five British Overseas Territories (Ascension Island, St Helena, Falkland Islands, Tristan da Cunha and South Georgia).
Mexican magnate Carlos Slim and the Italian group Proto will be the principal shareholders of the US daily The New York Times (NYT), said sources at the Proto Organization. This is because Slim plans to exercise at the end of this year warrants he received when he made a major loan to the newspaper company, according to a report in Bloomberg.
Barcelona have made a payment of 13.5 million Euros ($18.53 million) to the Spanish treasury, after they were charged last week with tax fraud in the signing of Brazil forward Neymar.
Pope Francis has taken his boldest step yet to overhaul the Vatican's scandal-plagued finances, creating a new department with broad powers to oversee all of its economic and administrative affairs, the Vatican announced on Monday. The Secretariat for the Economy will answer directly to the pope and will be headed by Australian Cardinal George Pell, currently the archbishop of Sydney.