UK mulls a carbon tax on polluting imports May 28, 2021 The Prime Minister is considering a carbon tax on imports that would hinder companies outsourcing their emissions and also protect farmers and local producers from being undercut from low-regulation rivals.
Editorial: Tax-hiking ministers aren’t entitled to demand pay rises, too September 27, 2021 To listen to Government ministers at the moment, one could be forgiven for thinking we were in the middle of an economic boom. Amid an entirely predictable collapse in haulier numbers and knock-on shortages, the response so far has been on the one hand an underwhelming visa scheme and on the other a demand for [...]
A carbon tax will allow capitalism to save the climate – CityAM : CityAM September 3, 2021 The Extinction Rebels are back at their barricades. This week, they smashed windows at JP Morgan’s offices and blockaded London Bridge. Speaking to LBC in the aftermath, Sadiq Khan worried they are alienating the public from their cause. They are certainly an uncompromising lot. Arla, the milk-maker, was a target of their ire. Even the [...]
Ireland holds position against global corporate tax deal July 16, 2021 Ireland said it is pushing to keep its lower tax rates, denying a report that the country would abandon its 12.5 per cent rate for the proposed global rate of 15 per cent. The country’s finance minister, Paschal Donohoe, told RTE yesterday he was “committed” to maintaining his country’s low tax rate as it has [...]
Arcane taxes on junk food is all pain with almost no benefit July 16, 2021 Some people are born lucky. They can eat junk food all day long without putting on any weight. Others develop rolls of fat after a few packets of crisps. The former can live blissfully without these concerns. The latter must struggle every day – either with obesity or self-control and exercise – to stay in [...]
Tory MP Geoffrey Cox accused of breaking parliament rules while working for Caribbean tax haven November 10, 2021 Senior Tory MP Geoffrey Cox has been put under more pressure this morning, after being referred to Westminster’s rules watchdog for appearing to use his parliamentary office for his work as a legal adviser to a foreign government. Cox has said this morning he will cooperate with any probe into him, while home secretary Sajid [...]
Elon Musk not planning to sell any more shares as Tesla founder hits out at California’s high tax regime December 22, 2021 Tesla’s boss and serial entrepreneur Elon Musk is not planning to sell any more of his Tesla shares, following yesterday’s offloading of 583,611 stock. “I sold enough stock to get to around 10 per cent plus the option exercise stuff and I tried to be extremely literal here,” he said in an interview with satirical [...]
20 taxes to scrap: Britain’s growth needs a simpler tax system March 1, 2021 This week, Chancellor Rishi Sunak will present possibly the most consequential Budget in half a century. UK PLC is simultaneously struggling to cope with both the ongoing catastrophic impact of the Covid pandemic and the unanswered questions of what post-Brexit Britain will look like. According to the OBR, this year’s expected budget deficit will likely [...]
Demand for Nissan’s Qashqai helps UK sales drive past £5bn April 12, 2024 Based out of its Sunderland factory, Nissan's UK arm has reported its sales increased from £3.6bn in the year to March 31, 2023, while its pre-tax profits went from £35.6m to £31.9m.
Yellen: Global corporate tax reform unlikely until 2022 July 11, 2021 US Treasury secretary Janet Yellen has warned that recently-agreed reforms to corporate tax rules that will ensure major companies pay tax in more countries may not be ready until next year. Speaking after a G20 finance leaders meeting in Venice today, Yellen said the OECD’s re-allocation of taxing rights was on a “slightly slower track” [...]