EU tax-to-GDP ratio rises to 40.7% in 2025
Published . Updated .
This report is about Europe.
Directly affected
- No company is named in this report.
Indirectly affected
- VGK Vanguard FTSE Europe ETF
Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“eu”).
- ASML ASML Holding N.V+1.0% 18d
ASML Holding N.V (special industry machinery) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares.
- HSBC HSBC Holdings-9.3% 18d
HSBC Holdings (savings institution, federally chartered) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares.
- SHEL Shell+0.1% 13d
Shell (crude petroleum and natural gas) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares.
- NVS Novartis AG+1.3% 17d
Novartis AG (pharmaceutical preparations) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| VGK | -1.12% | -0.25% | base | after close | after close | after close | after close |
| ASML | +1.58% | +6.31% | base | after close | after close | after close | after close |
| HSBCNo price data for this ticker | — | — | — | — | — | — | — |
| SHELNo price data for this ticker | — | — | — | — | — | — | — |
| NVSNo price data for this ticker | — | — | — | — | — | — | — |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
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EU tax-to-GDP ratio rises to 40.7% in 2025 Fibre2Fashion
Source: Fibre2Fashion
Price since this story was published: Vanguard Intl Equity Index F (VGK)
| Company | When | Move | Status |
|---|---|---|---|
| Asml Holding (ASML) | three days earlier | +6.31% | final price |
| Asml Holding (ASML) | five days earlier | +1.58% | final price |
| Vanguard Intl Equity Index F (VGK) | three days earlier | -0.25% | final price |
| Vanguard Intl Equity Index F (VGK) | five days earlier | -1.12% | final price |
Congressional trades in the stocks in this story
- Rep. Kevin Hern sold Asml Holding (ASML) (jointly held), worth $15,001 - $50,000 on 23 Oct 2026. That is 9 days before publication. Filed 28 Oct 2026. View the filing.
- Rep. Michael T. McCaul bought Asml Holding (ASML) (held by a spouse), worth $50,001 - $100,000 on 7 Aug 2026. That is 86 days before publication. Filed 14 Oct 2026. View the filing.
- Rep. Kevin Hern sold Novartis Ag (NVS), worth $15,001 - $50,000 on 27 Aug 2026. That is 66 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who is named in “EU tax-to-GDP ratio rises to 40.7% in 2025”
Companies mentioned with this story
- VGK Vanguard Intl Equity Index F
Vanguard Intl Equity Index F (VGK) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “EU tax-to-GDP ratio rises to 40.7% in 2025.” Reason on file: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“eu”)
- ASML Asml Holding
For “EU tax-to-GDP ratio rises to 40.7% in 2025,” Asml Holding (ASML) is linked, with no stored direction, medium confidence. Reason on file: ASML Holding N.V (special industry machinery) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares
- HSBC Hsbc Holdings
Hsbc Holdings (HSBC) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “EU tax-to-GDP ratio rises to 40.7% in 2025.” Reason on file: HSBC Holdings (savings institution, federally chartered) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares
- SHEL Shell
Shell (SHEL) is linked, with no stored direction, medium confidence in the 1 Nov 2026 story “EU tax-to-GDP ratio rises to 40.7% in 2025.” Reason on file: Shell (crude petroleum and natural gas) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares
- NVS Novartis Ag
In “EU tax-to-GDP ratio rises to 40.7% in 2025,” Novartis Ag (NVS) is linked, with no stored direction, medium confidence. Reason on file: Novartis AG (pharmaceutical preparations) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares
How “EU tax-to-GDP ratio rises to 40.7% in 2025” reaches Vanguard Intl Equity Index F (VGK)
The 1 Nov 2026 story “EU tax-to-GDP ratio rises to 40.7% in 2025” names Vanguard Intl Equity Index F (VGK) because of this story.
What ties Vanguard Intl Equity Index F (VGK) to the headline is this: Vanguard FTSE Europe ETF holds stocks listed in Europe, which this story is about (“eu”)
Asml Holding (ASML) is here too. Its reason reads: ASML Holding N.V (special industry machinery) is one of the largest Europe-based companies traded in the US, so news about Europe (“eu”) reaches its shares
Dates and price levels for Vanguard Intl Equity Index F (VGK)
ASML traded between 1583.71 and 1868.68 across 14 sessions. The latest close on file is 1590.17. HSBC traded between 91.56 and 101.91 across 14 sessions. The latest close on file is 94.32.
What the saved facts support for Vanguard Intl Equity Index F (VGK)
55 out of 100
“EU tax-to-GDP ratio rises to 40.7% in 2025” scores 55 out of 100. The score uses 3 sources, and 5 linked companies.