The Icelandic government has announced that it will not introduce further increases to sales tax or income tax in its national budget for next year. Read the full story

Many local government officials, businesspeople and media personalities in Iceland are on higher wages than the Prime Minister, it has come to light. Read the full story

Tax figures for 2010 have been made public today in Iceland. The yearly event allows media and other interested parties to make a good guess at what any individual earned during the last year. Read the full story

Icelandic farmers have joined the debate on food imports and government hand-outs. They argue that import tariffs and quotas on agricultural products are actually saving Icelanders money. The OECD disagrees. Read the full story

Money-conscious travellers had cause to smile yesterday when the new law on duty-free goods imports came into force in Iceland. People arriving in the country can now go past Customs with more tax free alcohol. Read the full story

Ingvi Hrafn Jonsson, the founder and director of Icelandic television station INN, has been sentenced for tax evasion. Read the full story

A new report from the Danish government has claimed that strict immigration policies save billions of euros each year. Read the full story

No big changes are expected to the Icelandic tax system over the next year — although it is not yet possible to be totally certain. So said Minister of Finance Steingrimur J. Sigfusson in parliament yesterday. Read the full story

The majority of Danes think that taxes on cigarettes, alcohol and junk food should be higher, according to a new report. Read the full story

The International Air Transport Association (IATA) has sent the Icelandic parliament a strongly-worded letter in which its CEO urges the government to drop its planned aviation tax; describing it as “madness”. Read the full story