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Latest Finance News related to Tax Code

REVEALED: This trick helps YOU to avoid thousands of pounds in pension tax  image
Source : Daily Express [Read Article] Thursday 8th of June 2017 01:49:00 PM
...."The first payment is taxed on an emergency basis as if it’s a regular payment. "So if we take an initial £100 or even £1 then HMRC will be aware and change the tax code accordingly. ...
Why help to buy is no help at all to the economy | Jeffrey Frankel image
Source : Guardian [Read Article] Tuesday 30th of May 2017 09:54:25 AM
.... Yet the Trump administration has explicitly ruled out curtailing it. Particularly suspicious in the case of Trump is his support for giveaways in the tax code that benefit only real-estate developers like him. ...
What's better than a Buffett rule? Labor's Buffett rule by stealth | Greg Jericho image
....Bowen is right to be concerned about the impacts on other areas of the tax system. I wonder at the complexity of such a rule within the tax code, which would see some people be able to claim deductions but others not because of their total income. ...
​Trump tax plan could save him millions under guise of helping small businesses image
....Trump would not be alone among the super-rich to benefit from the plan, analysts said, although the structure of the Trump Organization, an agglomeration of hundreds of owner-operated entities, made it a prime potential beneficiary. The secretive nature of the Trump Organization, which the president has not divested from, and the lack of Trump’s own tax returns to work with, made it difficult to pin down how much the president and his family could stand to gain from the tax code changes proposed on Wednesday, analysts said. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
.... Senator Bob Casey of Pennsylvania, who is facing re-election in 2018 in a state that Trump won, said in a statement: “This scheme is a massive tax giveaway to millionaires, billionaires and big corporations at the expense of middle-class families in Pennsylvania. Dick Durbin of Illinois, the No 2 Democrat in the Senate, said in a statement: “President Trump should release his own tax returns if he wants to have any credibility in a debate about America’s tax code. ...
Trump is reckless – but he knows he can't afford to antagonise China | Barry Eichengreen image
.... And the only party capable of tightening sanctions and applying effective political pressure is China, whose goodwill the US now regards as essential. Trump’s about-face on China is of a piece with his “recalibration” on repealing Obamacare, reforming the tax code, organising a large-scale infrastructure-investment initiative, and renegotiating the North American Free Trade Agreement (Nafta). ...
Pension freedoms: Thousands of savers charged emergency tax – are YOU owed money back? image
. It is thought hundreds of thousands of people could be owed a typical £3,099 after being shifted on to emergency tax codes when making withdrawals from saving pots, according to pension provider AJ Bell. ...
Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
....Next month the fight goes to Hartford, Connecticut’s capital. State lawmakers don’t have the power to rewrite the federal tax code, but advocates are pushing for a bill that would end carried interest in Connecticut. ...
Bogus self-employment exploits workers and scams the taxman | Paul Mason image
.... We are witnessing the end of utopias based on work. All political responses to this – whether at the level of employment law or tax codes – fail unless they grasp what is really happening. ...
Steven Mnuchin, former Goldman Sachs exec, confirmed as treasury secretary image
Source : Guardian [Read Article] Tuesday 14th of February 2017 12:50:03 AM
....Senate majority leader Mitch McConnell said Mnuchin “is smart, he’s capable, and he’s got impressive private-sector experience”. Mnuchin will soon be in charge of reforming the tax code, a top priority for Republicans, as well as imposing economic sanctions on foreign governments and individuals, including Russia. ...
10 ways to cut your tax bill image
Source : Guardian [Read Article] Saturday 14th of January 2017 07:00:19 AM
.... It is only if your savings income exceeds the allowance that any tax is due on it. Tax is no longer deducted at source by the banks/building societies – if tax is due you can pay it via self-assessment or have it deducted via PAYE through an adjustment in your tax code. ...
Computer error blamed for HMRC blunder in Scotland image
Source : Guardian [Read Article] Monday 19th of December 2016 06:54:44 PM
....A computer error meant that 420,000 individuals who should be paying the new Scottish rate of income tax were not told of their changed status, the National Audit Office has found. A report by the NAO reveals the number of potential Scottish taxpayers who were excluded from the initial identification exercise in 2015 because of an IT error and received their new “S” tax code three months after it came into force last April. ...
Steve who? image
Source : BBC [Read Article] Wednesday 30th of November 2016 01:23:09 PM
.... . His latest pick is former Goldman Sachs banker Steven Mnuchin as his treasury secretary, where he will be responsible for government borrowing, assisting in the overhaul of the tax code and preparing financial sanctions against other countries. ...
The levy was dry image
Source : BBC [Read Article] Tuesday 4th of October 2016 12:04:38 PM
....Some tax experts believe the figure could well have been a paper loss, inflated by accounting techniques, such as allowing for depreciation of assets' market value. That points to another issue that clouds understanding here: the sheer complexity of the US tax code and the peculiar obstacles faced by anyone trying to change it. ...
How to hide it: inside the secret world of wealth managers | Brooke Harrington image
Source : Guardian [Read Article] Wednesday 21st of September 2016 05:00:17 AM
....The Pritzker family is one of the wealthiest in the United States. Their assets, which amount to $15bn, are held in 60 companies and 2,500 trusts, using structures and strategies that Forbes magazine – normally a cheerleader for wealthy elites – describes with an unusual hint of moral distaste as “shadowy … constructed to discourage outside inquiry – and brilliantly exploitative of loopholes in the tax code. ...
A slice of the pie image
Source : BBC [Read Article] Wednesday 7th of September 2016 03:34:13 PM
....It is believed Apple will repatriate several billion dollars in profits to the US next year. Under US tax codes, tax is only payable (at 35%) when profits are brought back to the US - which is why many companies leave them overseas, hoping for a lower rate to appear. ...
Apple tax case: Ireland's other taxing issue image
Source : BBC [Read Article] Tuesday 6th of September 2016 06:01:10 PM
....No matter how big their portfolios, these funds are legally paying almost no corporation tax. It all comes down to an obscure corner of the Irish tax code known as Section 110. ...
Apple facing record bill for Irish tax image
Source : BBC [Read Article] Monday 29th of August 2016 08:06:34 PM
....The investigation into Apple and similar probes into other US firms have been criticised by US authorities. Last week the US Treasury Department said the European Commission was in danger of becoming a "supra-national tax authority" overriding the tax codes of its member states. ...
US criticises EU tax probes ahead of Apple ruling image
Source : BBC [Read Article] Wednesday 24th of August 2016 04:45:07 PM
....The commission said there was "no bias against US companies" in the probes. In a report published on Wednesday, the US regulator said action by Brussels would make it into a "supra-national tax authority" overriding the tax codes of its member states. ...

Rail worker left stunned by £14,000,000,000,000 tax letter
 image
Source : Telegraph [Read Article] Wednesday 10th of August 2016 08:10:03 PM
....Giles Hembrough, a railway signal tester,  told the Bristol Post he was stunned when he spotted the £14,301,369,864,489. 03 amount in the tax code notice from Her Majesty’s Revenue & Customs (HMRC). ...
US banks commit to London post Brexit image
Source : BBC [Read Article] Thursday 7th of July 2016 04:59:00 PM
....Other EU countries have shown signs of trying to attract these jobs to their cities since the vote. On Wednesday, France announced it would put in place Europe's most favourable tax code for expats. ...
Pensioner's slip filling in tax form rips a hole in his annuity payments image
Source : Daily Express [Read Article] Tuesday 14th of June 2016 06:14:00 PM
....“That would have increased the total amount payable in the early years, with a subsequent reduction once state pension age has been reached,” warns Cracknell. Phoenix Life now administers Joseph’s pension and it quickly confirmed that the reductions were down to HM Revenue & Customs tax code changes. ...
I took some money from a pension pot and have now been sent a ridiculously high tax code image
....I am on a modest university pension (£25,555) and do a bit of freelance work (perhaps worth £4,000), while this April I took £12,500 out of a small additional pension pot. This morning I received a letter from HMRC, telling me my tax code for the current year was K36211X. ...
US capitalism in crisis while most Americans lose out image
Source : Guardian [Read Article] Saturday 21st of May 2016 11:04:26 PM
.... I think that changes in our current dysfunctional economic paradigm won’t just happen but will require several shifts, both practical and existential. There is plenty of low hanging fruit to be plucked in the form of tax code changes that would incentivise savings and investment rather than debt – which is the lifeblood of finance. ...
Trump and Clinton share Delaware tax 'loophole' address with 285,000 firms image
.... A poll by research firm Gravis Marketing last week showed Trump had a 37-point lead over John Kasich; Clinton polled 45%, ahead of Sanders on 38% in the same poll. A report by the Institute on Taxation and Economic Policy, titled Delaware: An Onshore Tax Haven, said the state’s tax code made it “a magnet for people looking to create anonymous shell companies, which individuals and corporations can use to evade an inestimable amount in federal and foreign taxes”. ...
Savers left baffled by interest allowance image
Source : Daily Express [Read Article] Sunday 17th of April 2016 02:16:00 PM
.... co. uk says: “If the interest looks set to exceed the allowance, HMRC will amend the tax code of those on pay-as-you-earn to account for the tax due. ...
If you're rich, you can avoid paying taxes. That's got to change | Jan Schakowsky image
....Closing international tax loopholes could lower budget deficits by billions of dollars and provide resources to invest in education and infrastructure projects that actually grow the economy. Yet many in Congress have ignored fixes to our tax code. ...
Obama calls for international tax reform amid Panama Papers revelations image
.... The creation and use of an offshore company to avoid tax is not against the law. The revelation that a company engaged in industrial-scale offshore tax avoidance, even on US soil, comes after Obama has repeatedly spoken out against companies and the super-rich exploiting the US tax code. ...
Tax return headaches: there are ways to make filing less of a chore image
Source : Guardian [Read Article] Sunday 3rd of April 2016 12:00:32 PM
.... Some of these glitches can be incredibly obvious (failing to sign on one of the several dotted lines) or items that are easy to miss even when you’ve got a lot of free time to devote to the task. While Spiegelmann notes that the last major revision to the tax code back in 1986 closed most of the loopholes and left Americans without a lot of secret, hidden tax deductions to unearth, there still are plenty of smaller chances to claim a deduction against your income here or there that people tend to forget about. ...
Osborne 'boxed-in' by policy pledges image
Source : BBC [Read Article] Tuesday 22nd of March 2016 09:13:30 AM
. Like Britain's fiendishly complicated tax code, the government's rule book for what it will or won't do when it comes to the tricky matter of running the UK economy is constantly lengthening. ...
Osborne's mighty gamble on corporate tax base | Nils Pratley image
Source : Guardian [Read Article] Wednesday 16th of March 2016 07:20:39 PM
....In this budget, Osborne avoided rash boasts about, say, declaring war on footloose financial engineers. Instead, there were sober lines about creating “a modern tax code that better reflects the reality of the global economy”. ...
Personal savings allowance changes: should I still get a cash Isa? image
Source : Guardian [Read Article] Saturday 12th of March 2016 07:01:10 AM
....The new tax system works like this: if you are a basic rate taxpayer – ie you earn less than £43,000 a year – then you will be allowed to earn up to £1,000 in interest without having to pay tax or declare it on a tax form. If you earn more than £1,000 in interest then your bank or building society will contact HMRC, which will tax the money by making a downward adjustment to your annual tax code. ...
Savers get boost from April tax changes image
Source : BBC [Read Article] Friday 11th of March 2016 09:05:04 PM
.... This is because HM Revenue and Customs (HMRC) will be told by the bank that you have gone over your allowance. It will then adjust your tax code for the following year, to make sure you pay the tax owed. ...
Latest jobs report provides opening for candidates to share economy plans image
.... Sanders will ensure that they get free college educations and universal health care. Clinton wants to raise the minimum wage and implement the “Buffett rule” as part of a reform of the tax code, so that millionaires always pay higher tax rates than their secretaries. ...
Tax cuts work - which is why the Tories need to give us more of them image
Source : Telegraph [Read Article] Wednesday 2nd of March 2016 06:49:38 PM
....tg-pullquote__source__link { color: #234B7B; outline: 0; text-decoration: none; } . tg-pullquote__source__link:hover { border-bottom: 1px dotted #122842; color: #122842; } Efforts to carve out a simpler, more elegant tax code one relief at a time have been undone by new complications designed to chisel out a little revenue here, plaster over some perceived unfairness there. ...
Here’s a £49 gift – wrapped up in 13 pages of red tape  image
Source : Telegraph [Read Article] Sunday 21st of February 2016 07:41:29 PM
....tg-pullquote__source__link { color: #234B7B; outline: 0; text-decoration: none; } . tg-pullquote__source__link:hover { border-bottom: 1px dotted #122842; color: #122842; } 10 million Number of words contained in the most recent UK tax code regulations, according to the accountancy body, Icas . ...
Five-minute guide to the new personal £1,000 allowance image
Source : Daily Express [Read Article] Sunday 21st of February 2016 12:01:00 AM
.... Black says interest will be paid gross from April, without tax deducted, which means you do not have to do anything to claim your allowance. “If you do have to pay tax, HM Revenue & Customs will change your tax code using information supplied by your bank or building society. ...
'When will HMRC process tax return?' image
Source : Telegraph [Read Article] Saturday 13th of February 2016 08:15:37 AM
.... . At the same time, I requested a change in my 2015‑16 tax code and this was dealt with expeditiously. ...
 A flat rate of pension tax relief will be 'economically incoherent' image
Source : Telegraph [Read Article] Wednesday 3rd of February 2016 05:15:56 PM
.... The touted 30 per cent is not a tax rate paid by any UK taxpayers. Currently, pension fund tax relief is one of many aspects of the UK tax code (the existence of ISAs is another) that push our tax system in the direction of taxing expenditure rather than earnings – something of which many economists approve. ...
Scrap the tax on profits – but don’t tax turnover  image
Source : Telegraph [Read Article] Monday 1st of February 2016 09:17:01 PM
.... Profits are an amorphous concept: to a certain degree, they can be controlled and manipulated. The complexity of modern firms, and their international nature, means that the tax code has exploded in size, imposing massive costs. ...
The truth about Google and tax image
Source : Telegraph [Read Article] Thursday 28th of January 2016 06:15:04 AM
.... George Osborne, the Chancellor, makes no secret of his wish to correct the mistakes of his predecessor, Gordon Brown, instead of living in his shadow. That being so, Mr Osborne should give more attention to simplifying a tax code that both risks public confidence and leaves many individual taxpayers snared in costly and frustrating bureaucracy as they wrestle with their annual tax return. ...
The Chancellor must make it his mission to simplify our crazy tax system image
Source : Telegraph [Read Article] Wednesday 27th of January 2016 10:00:40 PM
.... . By contrast, the UK tax code has ballooned to a preposterous 10 million words, according to the accountancy body Icas. ...
Related to :
Big banks still have a problem with ethics and morality image
Source : Guardian [Read Article] Monday 18th of January 2016 02:33:47 PM
.... Most striking were terms that seemed designed to sidestep any possibility of an ethical discussion. When talking of their bank’s use of loopholes in the tax code to help big corporations and rich families evade taxes, bankers used words such as “tax optimisation” or “tax-efficient structures”. ...
It’s a taxing time of year … here’s how to file your return image
Source : Guardian [Read Article] Saturday 9th of January 2016 07:01:11 AM
....You are most likely to be lifted out of self-assessment if you are an employee who is a higher rate taxpayer taxed through the pay as you earn system and who doesn’t own a rental property. In this case, any additional tax you owe can usually be paid through your tax code, provided you owe less than £3,000. ...
'My income is under £10,000, so why am I taxed at 50pc?' image
Source : Telegraph [Read Article] Monday 4th of January 2016 02:13:19 PM
.... . Why is my pay taxed at 50pc and why is my personal tax allowance ignored in the tax calculation? Also how can I get back my personal tax allowance with a proper tax code for the tax year ending in April 2015 and next tax year? . ...
Ukraine refuses to repay $3bn loan owed to Russia after bitter row image
Source : Guardian [Read Article] Friday 18th of December 2015 06:22:42 PM
....Related: Ukrainian minister throws water in Odessa governor's face. The dispute is further complicated by fears that Ukraine is heading for a wider default after the parliament rejected a new tax code and the draft 2016 budget, both considered essential elements of the restructuring demanded by the IMF as the price of its loan. ...
Brussels confirms major investigation into McDonald's tax deals image
Source : Guardian [Read Article] Thursday 3rd of December 2015 11:10:40 AM
....Untaxed, or “stateless”, profits are considered the holy grail for international tax planners who specialise in creating complex cross-border corporate structures for multinationals. The structures are designed to exploit differences between different countries’ tax codes such that earnings can escape without being taxed. ...
American big business faces the G20 in a fight for $2.1tn in unpaid tax image
Source : Guardian [Read Article] Saturday 28th of November 2015 04:00:18 PM
....The deal is expected to create the world’s biggest pharmaceuticals company, with pills and treatments ranging from Botox and Viagra to specialist statins and generic drugs. But the agreed deal will also become largest-ever tax inversion, and as such has thrown an unflattering spotlight on the US tax code, highlighting long-standing weaknesses. ...
The Pfizer-Allergan merger is good for the US – if you're in the 1% image
Source : Guardian [Read Article] Wednesday 25th of November 2015 12:35:01 PM
.... Sanders has called the deal “a disaster for Americans”. Now the future of tax inversion deals - in which one company acquires another in a more attractive tax jurisdiction to escape the US corporate tax code – may hinge on whether politicians and the public can swallow Read’s argument or our those of our Democrat hopefuls. ...
Pfizer's $155bn takeover of Allergan set to prompt tax row image
Source : Guardian [Read Article] Monday 23rd of November 2015 12:46:46 PM
....“We cannot delay in cracking down on inversions that erode our tax base,” she said in a statement on Monday. Donald Trump, the frontrunner in the Republican field, and rival Marco Rubio have blamed the US tax code for inversions and pledged to cut US corporate tax rates to stop them. ...
HMRC failing to answer 12m tax inquiries image
Source : Guardian [Read Article] Tuesday 10th of November 2015 01:47:52 PM
....Homer’s appearance before MPs follows a damning report by the public accounts committee, which found that HMRC was failing to answer calls while continuing to let corporate tax avoiders off lightly. Homer said many of the calls were routine queries – such as asking for tax codes or updating tax credit statuses – which could be handled online, and that most people were able to speak to an adviser after two calls. ...
How to pay yourself a £98,100 income salary without paying any tax image
Source : Telegraph [Read Article] Saturday 7th of November 2015 07:32:34 AM
.... An HMRC spokesman indicated that the most likely outcome would see it relying on annual returns from banks and building societies to establish liability. Then the tax codes of employees and pensioners would be adjusted accordingly, while those taxed under self-assessment would reconcile via that avenue. ...
'Why am I being charged an emergency tax rate to withdraw my pension cash?' image
Source : Telegraph [Read Article] Thursday 15th of October 2015 07:15:38 AM
.... . If you haven’t previously taken a taxable income from the pension, HMRC insists that an emergency tax code is applied to a payment, as if it were the first of a series of income payments. ...
Facebook paid £4,327 corporation tax image
Source : BBC [Read Article] Monday 12th of October 2015 09:27:55 AM
....John O'Connell, director of the Taxpayers' Alliance, said: "Taxpayers will be justifiably confused and angry about this tax bill. But Facebook is right to say that it is complying with UK law, which shows that the problem lies with our complex tax code, and that is what politicians should address as a matter of urgency. ...
Economist Sir Richard Blundell frontrunners Nobel prize image
Source : Guardian [Read Article] Sunday 11th of October 2015 11:22:46 AM
....He has studied the impact of the tax credits system on work incentives, for example, and the knock-on effects of wages on household consumption. Blundell also served on the IFS’s Mirrlees Review, a panel of top tax experts that sought to rewrite Britain’s convoluted tax code for the 21st century. ...
PwC partners enjoy biggest payouts for five year image
Source : Telegraph [Read Article] Sunday 13th of September 2015 11:01:35 PM
.... . “It has always been part of our global tax code of conduct that we provide a broad assessment of all the implications of tax decisions to our clients, said Mr Powell. ...
I need a bank account to get paid but no one will give me one image
Source : Guardian [Read Article] Friday 11th of September 2015 06:00:17 AM
.... A utilities bill is usually acceptable as proof of address along with a passport or ID card and if your employer has given you a contract or payslip with your address on it, you may be able to use that. If you are on PAYE your tax code notice will do. ...
My brother wants to buy me and my sister out, but is he being fair? image
Source : Guardian [Read Article] Thursday 10th of September 2015 06:00:11 AM
.... So I suggest that the three of you open a joint account and have the rent paid into that. You should each tell your tax office about the extra untaxed income you will be receiving so that your tax code can be altered to collect the extra tax due. ...
Donald Trump on Taxes: “Hedge Fund managers are getting away with murder” image
. Republican presidential front-runner Donald Trump has opened fire on hedge fund managers vowing to reform the tax code to ensure they pay their share. ...
Facing raids, marijuana dispensaries find legalization leaves them vulnerable image
....”. Lawsuits aren’t DeAngelo’s only headache; he also has to worry about tax code 280E, which attorney Wykowski – who has represented a number of dispensaries in cases brought against them by the IRS – defines as “one of the biggest handicaps on the industry right now”. ...
'Why has HMRC started taxing me?' image
Source : Telegraph [Read Article] Sunday 16th of August 2015 10:31:20 AM
.... . MH of Rutland also wrote in, this time about difficulties concerning a change in circumstances which affected her tax code. ...
Greek PM defends ex-finance minister image
Source : BBC [Read Article] Friday 31st of July 2015 01:23:47 PM
....Mr Tsipras did not directly address the reported details of the plan, which was to have allowed the government to introduce a parallel payment system if the banking system was closed down and the drachma had to be re-introduced. A small team in the governing Syriza party was charged with investigating how to secretly copy online tax codes and use them to issue new pin numbers for every taxpayer, to be used in transactions with the state. ...
Brussels rejects Yanis Varoufakis' claims that troika controlled Greek tax system image
....The denunciation added a new twist to revelations that have shaken Greece after it emerged that Varoufakis, who resigned this month, had drawn up contingency plans outlining an alternative monetary system in the event of Athens being ejected from the eurozone. To create the parallel system – one that would allow the debt-stricken country to leave the euro “at a drop of a hat” – Varoufakis admitted that he had to hack his own ministry’s computer system to access individual tax codes controlled “fully and directly by the troika. ...
The uncertain relationship between national insurance and income tax | Letters image
.... Neil HornsbyInverness. • In a recent survey AAT’s members, who work in accounting and finance and are experts at navigating through the intricacies of the UK tax code, agreed with Larry Elliott that merging income tax and national insurance would be a good idea. ...
Stock market advice for China: when in a hole, stop digging image
Source : Guardian [Read Article] Monday 27th of July 2015 07:02:46 PM
....Related: Greece crisis: Yanis Varoufakis admits 'contingency plan' for euro exit. First, it required a crack team to hack into the public revenue office’s software to copy individuals’ tax codes. ...
Greece crisis: Yanis Varoufakis admits 'contingency plan' for euro exit image
....Earlier on Monday the Official Monetary and Financial Institutions Forum, which had organized a conference call between Varoufakis and investors, released a recording of the conversation held between the former minister and financial professionals on 16 July . Varoufakis is heard saying that he ordered the ministry’s own software programme to be hacked so that online tax codes could be copied to “work out” how the payment system could be designed. ...
Creditors in Greece for bailout talks image
Source : BBC [Read Article] Monday 27th of July 2015 11:50:00 AM
....The talks come as it emerged former finance minister Yanis Varoufakis told a group of investors in London that a five-man team under his leadership worked on a contingency plan to create euro liquidity if the European Central Bank (ECB) cut off emergency funding to the Greek financial system. Greek newspaper Kathimerini reported Mr Varoufakis as saying in a phone call that a small team in the governing Syriza party had prepared plans to secretly copy online tax codes. ...
The new dividend tax: a simple case of double taxation image
Source : Telegraph [Read Article] Sunday 12th of July 2015 10:41:53 AM
.... . The recent history of dividend taxation is convoluted and incomprehensible even by the standards of Britain’s labyrinthine tax code. ...
Pensioners’ tax hell image
Source : Daily Express [Read Article] Wednesday 8th of July 2015 09:54:00 AM
....”. Worse still, many pensioners will have paid more tax than they should have, after being charged under an emergency tax code. ...
'£500 bill was HMRC's mistake' image
Source : Telegraph [Read Article] Friday 3rd of July 2015 02:34:53 PM
.... . You admitted that the £44 a month that is being docked via your tax code is not causing you hardship: I suggested you put it at the back of your mind and wait to hear more from HMRC. ...
Forget new promises on tax - the Conservatives should try reviving some old ones image
.... Alongside that, Mr Clarke cut the basic rate of income tax, increased thresholds, and cut the small company rate of corporation tax. He also pledged to re-write the tax code in plain English. ...
Billions in British sales but Amazon pays £11.9m in tax image
Source : Independent [Read Article] Friday 26th of June 2015 12:26:04 AM
....8m. Jonathan Isaby, chief executive of the TaxPayers’ Alliance, said: “You can understand people’s anger at organisations like Amazon perceived not to be paying their fair share, but our frustration should be focused on the politicians and bureaucrats who have created our ludicrously complicated tax code. ...
A £6,407 refund after HMRC gets tax code wrong image
Source : Telegraph [Read Article] Thursday 18th of June 2015 07:14:40 PM
.... This has accrued following an appalling mistake made by HMRC in 2011. It admits allocating an incorrect tax code yet is now demanding retrospective payment. ...
Candidates' plans to repatriate profits only encourage corporate tax avoiders image
.... The surest way to create American jobs is to do as Senator Bernie Sanders has suggested and invest $1tn into rebuilding America’s broken infrastructure, which he estimates will create up to 13m new jobs. Where would that money come from? Closing the loopholes in the tax code that allow $1. ...
Exporting to the US: how to crack the American market image
Source : Guardian [Read Article] Monday 20th of April 2015 11:37:41 AM
.... Hiring a US-based accountant can make it less daunting. Gary Lee, president and CEO of InReality said: “It’s critical to have someone on your side who can not only keep you out of trouble, but also ensure you are taking full advantage of many things in the US tax code, which are designed to assist small businesses grow. ...

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