Businesses face being hit by £2.4bn national insurance ‘tax bombshell’, Lib Dems warn October 25, 2021 The Government is creating a “tax bombshell” for small and medium-sized businesses by raising national insurance, the Liberal Democrats warned. Research commissioned by the party said businesses with fewer than 250 employees would pay an extra £2.4bn a year due to the 1.25 per cent rise in national insurance (NI) announced by Boris Johnson in [...]
US steps closer to cryptocurrency tax after last-minute bill addition July 29, 2021 US senators are calling for cryptocurrency transactions to be taxed, in a bid to help pump $28 billion into America’s coffers.
Kwarteng u-turn bodes ill for many tough fights to come October 3, 2022 The Kwarteng u-turn on tax doesn't suggest measures on planning or infrastructure will be any easier to get past restive backbenchers
Is Portugal a crypto haven or mutton dressed up as lamb? September 16, 2022 Monty casts an eye over Portugal and asks if the crypto tax status as a haven may be under threat of severe regulation?
PM hikes National Insurance, dividends tax to pay for social care reform : CityAM September 7, 2021 Britons will be hit with £12bn-a-year tax rises to pay for increases in NHS and social care spending, with National Insurance and dividends tax in Boris Johnson’s crosshairs. A new Health and Social Care Levy will effectively hike National Insurance Contributions for employees and employers by 1.25 per cent from April 2022, while taxes on [...]
Editorial: A Tory tax raid means Boris mustn’t break his promises again September 7, 2021 “You can’t fix the Covid backlog without giving the NHS the money it needs, you can’t fix the NHS without fixing social care, you can’t fix social care without removing the fear of losing everything to pay for social care and you can’t fix health and social care without long term reform.” This is the [...]
City of London ‘set for exemption from new global tax rules’ June 30, 2021 The City of London is set to win an exemption from new global proposals for taxing multinational companies in a boon for the Square Mile’s largest banks. The FT reported that Britain’s pitch for a carve-out for its financial services sector has been accepted in the ongoing talks at the OECD in Paris. But sources [...]
PwC offloads mobility tax consultancy arm to PE group CD&R for $2.2bn October 19, 2021 CD&R has reached a $2.2bn takeover deal with PwC to snap up its global mobility tax and immigration services business, in the consultancy giant’s biggest sell-off in almost two decades. Globally, the unit currently advises more than 3000 organisations with tax and immigration compliance issues when they move staff overseas – a market that more [...]
Council taxes need to rise by at least 10 per cent to afford social care, warns Age UK October 16, 2021 Council tax would need to be hiked by 10 per cent on average next year if social care is to “stand still”, according to a charity calling for an urgent central government cash injection. Chancellor Rishi Sunak’s decisions in the autumn spending review will determine whether social care services “wither and die”, stand still or [...]
US judge orders Trump’s accountants to hand over tax records to Senate August 11, 2021 A US judge has ordered Donald Trump’s accountants to hand over some of the former president’s tax records to a House of Representatives committee. District judge Amit Mehta today ruled that Mazars must provide documents related to Trump’s hotel in Washington DC, saying the committee had proved it needed them to evaluate potential legislation and [...]