Glencore appeases shareholders with more buybacks after steep drop in profits August 8, 2023 Glencore suffered a sharp drop in pre-tax profits in the first six months of trading this year as the boom in oil and gas prices finally eased.
Labour is a ‘low tax party’, claims senior shadow minster October 14, 2021 Labour is now the UK’s “low tax party” after a series of tax hikes by the government, according to shadow health secretary Jonathan Ashworth. Ashworth said that Rishi Sunak’s They’ve just put up tax, haven’t they, just imposed a tax rise on everybody and yet they don’t seem to have given a fair allocation of [...]
Green Day: UK to fight back against Biden’s Inflation Reduction Act March 16, 2023 The government will finally respond to the vast package of green energy subsidies and tax cuts unveiled across the pond.
Lawyers cast doubt over claims Sunak’s wife’s ‘non-dom’ status has nothing to do with tax benefits April 7, 2022 Tax lawyers have cast doubts over claims that Rishi Sunak’s wife is not using her “non-dom” status for tax benefits. Lawyers countered claims that billionaire heiress Akshata Murthy’s non-domicile status is linked to her Indian nationality, after pointing out domicile has “nothing to do with citizenship” under UK law. The tax experts noted that Murthy’s [...]
Rishi Sunak starts planning tax cuts in lead up to next election December 5, 2021 Rishi Sunak has begun to plan a series of Income Tax cuts before the next election, after he promised Tory MPs in October that he would be ease the tax burden by the end of this parliament. The chancellor plotted out increases in Corporation Tax and National Income Contributions this year, that will increase the [...]
KPMG: Britain’s tax system is having an identity crisis September 17, 2021 Every so often a debate about UK tax policy cuts through into the media and public imagination, as we’ve seen in this last couple of weeks. The Health and Social Care levy has thrown a light on some big questions about how, and from whom, we raise money to fund the country’s public spending needs. [...]
Bank of London shakes up City advisers after row with taxman September 9, 2024 The Bank of London launched an emergency effort to contain the controversy surrounding the fintech over the weekend as it was hit with a winding-up petition over unpaid taxes shortly after its chief executive stepped down.
Rishi Sunak’s wife hits back at claims she uses non-dom status to avoid paying UK taxes April 6, 2022 Rishi Sunak’s wife has hit back at claims that she took up “non-dom” status to avoid paying UK taxes. Akshata Murthy, the daughter of Indian tech billionaire N.R. Narayana Murthy, has claimed she has been forced to take up “non-domicile” status, due to not being able to hold dual citizenship under Indian law. The billionaire [...]
Starmer vows Labour will ‘fight election on economic growth’ in glitter-hit speech October 10, 2023 Starmer said Labour would “champion the need for a competitive tax regime” and the party recognises that “private enterprise is the only way this country pays its way in the world”.
City lobby group presses Sunak to scrap bank tax October 13, 2021 The City’s chief lobbying group has called on Chancellor Rishi Sunak to scrap the bank surcharge to reinforce the UK’s leading role as a global finance hub. TheCityUK has demanded Sunak remove the eight per cent levy on banks’ profits at the upcoming budget and spending review on October 27. The lobby group urged the [...]