Michel Barnier, France’s new Prime Minister, warned that the repair of the degraded country’s public finances would require years of “collective efforts” and announced “temporary targeted” tax increases on large
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After a backlash by the food and beverage industry, ministers will water down the “packaging tax” of £1 billion proposed by the previous Conservative government. From April of next year,
Rachel Reeves was warned that closing the private equity loophole, which would raise at least PS500m, could lead to a mass exodus of rich individuals and reduce the revenue that
A left-of centre thinktank is urging Rachel Reeves to announce in the budget next month changes to capital gains, inheritance tax, and national insurance that would raise over £20bn per
Three people with knowledge of the situation say that the Bank of London board of directors and its new management team did not know about its unpaid tax debts until
Aviva, the FTSE 100 insurance giant, faces serious allegations of tax evasion and regulatory violations in India, according to a report by the country’s tax authority. The Directorate General of
In the wake of Sir Keir Starmer’s keynote speech in Downing Street, wealthy households and businesses across the UK are preparing for potential tax increases as the government aims to
As Prime Minister Keir Starmer warns of “painful” decisions ahead for the UK’s public finances, speculation is mounting about which taxes could be raised in the upcoming Autumn Budget. While
Britain’s second-largest trade union, Unite, is urging the new Labour government to introduce an emergency 1% wealth tax on the assets of the super-rich. The proposed tax would be applied
Income tax receipts soared to an impressive £32.7 billion in July, marking the highest figure for that month since records began in 2008, according to the latest official data. This
The Future Fund, a £1.14 billion portfolio of investments established by former Conservative prime minister Rishi Sunak during his tenure as chancellor, is facing a growing number of bad investments.
Italy doubled its flat tax on foreign income for new residents. This is a blow for wealthy expats who are fleeing higher taxes elsewhere in Europe. The cabinet of Prime
Coca-Cola’s dispute with US tax authorities, which has lasted for a decade, could now amount to $16bn, or enough to wipe out an entire year and a quarter of profits.
In a shocking revelation, it has come to light that the UK government’s flagship scheme to promote research and development has been marred by widespread abuse, resulting in a staggering
The tax officials have been under pressure to release estimated figures about offshore taxes avoided, after they withheld the information from a report that was published during the campaign. Lucy
HM Revenue & Customs has filed a petition to wind up Jessops. The 89-year old camera shop chain is now owned by Peter Jones. He is the Dragons’ Den actor.
