According to a G20-commissioned report, a global minimum tax on billionaires could raise up to $250bn per year and be implemented successfully even if not all countries adopted it. Gabriel
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Data was obtained that revealed private equity executives received tax breaks worth up to £4 billion as a result of the “carried-interest” rules. Labour intends to eliminate these rules if
Rishi Sunak, the Conservative Party’s leader in the General Election campaign, will announce on Tuesday a £2.4bn (£2 billion) tax cut for retirees. The move is intended to bolster the
Jeremy Hunt’s plans to cut taxes before the election have been stymied after higher benefits spending and lower tax revenues pushed government borrowing over £20bn in July. The Office for
The deputy UK foreign secretary said that nearly 40% of dirty money is sent through the City of London, and other Crown dependencies. Andrew Mitchell said the Foreign Office will
From April, thousands of small businesses and self-employed people will not be required to charge VAT at 20 percent. The threshold for VAT registration has been raised from £85,000 up
Thames Water wants to avoid having to pay billions of pounds in taxpayer bailouts. It is lobbying government officials and the industry regulator Ofwat for permission to increase its bills,
The reputation of the Australian businessman accused of intentionally ignoring tax laws in Australia has been further damaged. He faces a tax bill nearing £8 million. The allegations against Australian
After the success of Sarah J Maas’s new book, Bloomsbury expects to “significantly exceed” market expectations in terms of profit and revenue. Publisher of Harry Potter said that they now
After the decision of the chancellor to review the tax-free shopping for tourist, some of London’s largest sellers of luxury items were in high demand. The potential reversal of so-called
After UK scrapped tax-free shopping, high-spending tourists are turning to their European neighbours
According to a recent data analysis, Britain has lost out on international visitors who spend a lot of money after the government removed tax-free shopping as a result of its
According to a tax specialist, the Post Office may be insolvent after claiming tax benefits for compensation payments made to post office operators. Dan Neidle is the director of the
As part of landmark tax reforms, big multinational companies will be subjected to a global tax minimum for the first ever on Monday. The aim is to generate an extra
After losing a major legal battle before the Court of Appeal, partners at billionaire Michael Platt’s investment firm BlueCrest Capital will be liable for income taxes on a pay system
After ministers in Edinburgh tried to cut back on public services while funding a council tax freeze, they decided to tax higher earners in Scotland. Shona Robertson, Scotland’s Finance Secretary,
Guy Hands is one of Britain’s most well-known investors. He has admitted that he regrets leaving the UK and becoming a tax exile. However, he warns others to not follow
