A new minimum rate for EU companies

A new minimum rate for EU companies

New year, New Rules. Since 1st January 2024, new EU rules have come into effect, introducing a minimum rate of effective taxation of 15% for multinational companies active in EU Member States.  We are currently facing the implementation of rules agreed upon in the global agreement on international tax reform of 2021, known as “Pillar 2.” The benefits should be seen both within the EU and globally, bringing greater fairness and stability to the tax landscape. The main goal is to reduce the incentive for companies to shift profits to low-tax jurisdictions. With these new rules, the aim is to avoid a battle between countries to attract investments by lowering […]

Unicredit’s buyback plan continues

Unicredit’s buyback plan continues

Between 22 and 26 January, the Italian bank purchased 4,678,776 treasury shares, at a weighted average price of 26.5864 euros, for a total turnover of over 124 million euros.The purchases took place as part of the first tranche of the 2023 buy-back programme launched on 30 October, in implementation of the authorisation granted by the Shareholders’ Meeting of 27 October 2023.On 26 January 2024, unicredit held 11,575,072 treasury shares equal to 0.68% of the share capital.For the first tranche of the Programme for the repurchase of own shares 2023, Unicredit provides for a maximum amount of € 2.5 billion for a number of shares not exceeding 160,000,000. Unicredit’s total distribution […]

Taxes, what are they?

Taxes, what are they?

DEFINITION: Taxes are mandatory contributions paid in cash by individuals or corporations and they’re levied by a government entity, if somebody don’t respect the payment of taxes, it’s tax evasion and is punishable by law. Taxes are  the primary source of revenue for most of the government  and as a result it’s very important that only citizen pay it, because they’re useful to finance government activities, including public works or services like roads, schools, public means of transport, hospital, pay the salary of public workers… , so they’re necessary for the betterment of the economy and all who living in the country. In the United States and many other countries […]

The advent of Embedded Finance and the resulting increase in revenues.

The advent of Embedded Finance and the resulting increase in revenues.

  Embedded finance is gaining more and more popularity among not financial companies  because it allows them to incorporate inside them original financial solution, like e-commerce platforms’ new payment methods and it brings multiple benefits both to end users, who will be offered greater convenience, faster transactions and savings in time and effort, and to the companies that use it. This has been spreading since the enactment of the second European Payment Service Directive (PSD2), that made a new fundamental technology for open banking like API (application programming interface) develop and use possible. Thanks to this innovation, according to a study conducted by the British business Juniper Research called “Revolutionizing […]