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....The disbanding of the councils, whose roles were symbolic, came as the White House is preparing an autumn push for tax reform on Capitol Hill after failing to repeal and replace the Affordable Care Act. Tax reform has long been a major priority of the Trump administration and the dissolution of the councils is unlikely to help the White House’s goals of pressuring Congress to pass a comprehensive bill that would lower corporate tax rates. ... [Read full article on Guardian ]
Wednesday 16th of August 2017 06:35:36 PM
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Latest Finance News related to Tax Rate

Trump disbands business councils as CEOs flee after Charlottesville remarks image
Source : Guardian [Read Article] Wednesday 16th of August 2017 06:35:36 PM
....The disbanding of the councils, whose roles were symbolic, came as the White House is preparing an autumn push for tax reform on Capitol Hill after failing to repeal and replace the Affordable Care Act. Tax reform has long been a major priority of the Trump administration and the dissolution of the councils is unlikely to help the White House’s goals of pressuring Congress to pass a comprehensive bill that would lower corporate tax rates. ...
The experts strike back! How economists are being proved right on Brexit | Barry Eichengreen image
.... They pointed to the big post-referendum depreciation of the pound, which promised to make British exports more competitive and offset any problems with the transition to a new trade regime. They suggested a UK freed of burdensome EU regulations could offer a more business-friendly environment and lower corporate tax rates, and thus become a magnet for foreign investment. ...
Why Trumponomics cannot make America great again image
Source : Guardian [Read Article] Friday 4th of August 2017 09:40:46 AM
....That leaves congressional Republicans with little room for manoeuvre. Because the US Senate’s budget-reconciliation rules require all tax cuts to be revenue-neutral after 10 years, Republicans will either have to cut tax rates by far less than they had originally intended, or settle for temporary and limited tax cuts that aren’t paid for. ...
France steps up effort to woo London banks planning Brexit move image
Source : Guardian [Read Article] Friday 7th of July 2017 02:05:15 PM
....But Catherine McGuinness, policy chairman at the City of London Corporation, cast doubt on how much business rival financial centres could poach from the capital. She said: “London is the world’s leading financial centre thanks to the breadth and depth of the banking and other institutions clustered here, its competitive tax rates, stringent regulatory regimes and close proximity to other major financial centres. ...
Jeremy Corbyn: UK firms must pay more tax to fund better education image
Source : Guardian [Read Article] Thursday 6th of July 2017 11:20:27 AM
.... If we are to create a high-skill, high-wage and high-productivity economy we’re going to have to invest more to upgrade our economy for the 21st century. “And that will mean businesses paying a bit more tax to invest in education while still maintaining low tax rates by historical and international comparisons. ...
Savers warning: Pension tax relief could soon be SLASHED image
Source : Daily Express [Read Article] Saturday 1st of July 2017 02:05:00 PM
....". Pension contributions are currently topped up by the Government depending on the tax rate of a saver, with those on higher income rates getting more relief. ...
How will the General Election affect your money? Pensions, savings and tax compared  image
.... Tom Selby, senior analyst at wealth advisers AJ Bell, said: “Around 24 million basic-rate taxpayers are set to be £33 a year better off, with higher-rate taxpayers gaining £208 in total. ”Under Labour anyone earning more than £80,000 a year is set to pay significantly higher taxes, as Jeremy Corbyn would raise the tax rate past this level to 45 per cent. ...
The Guardian view on the economy: invest for growth | Editorial image
Source : Guardian [Read Article] Tuesday 6th of June 2017 07:08:11 PM
.... Corporate profits will be returned to 2010 levels to fund it. The Conservatives expect lower corporation tax rates to finally trigger an increase in investment, and economic growth strong enough to offset the party’s painful austerity agenda. ...
Let’s hope a hung parliament can halt the Brexit disaster image
Source : Guardian [Read Article] Sunday 4th of June 2017 05:59:15 AM
.... There are also looming crises in the pensions business, as well as goodness knows how many problems facing this country’s schools and its transport infrastructure. It all boils down to two essential factors: one, referred to in this column a few weeks ago, is the fantasy that we can enjoy Scandinavian levels of public service and welfare on US-style tax rates. ...
Shrinking tax base suggests personal allowance is generous enough image
Source : Guardian [Read Article] Thursday 1st of June 2017 07:03:03 PM
....Since 2013/14, around 300,000 people on low incomes no longer pay the 20p basic rate of tax, mostly thanks to the annual increases in the threshold at which people start paying income tax implemented by the previous government and the coalition before it. At the top end, HMRC expects 364,000 workers to be paying the 45p tax rate by the end of the 2017/18 tax year. ...
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
....If President Donald Trump manages to get any economic legislation passed at all in the coming year, it is likely to be a tax cut. Congressional Republicans say they want revenue-neutral, efficiency-enhancing tax reform, which is properly defined as lowering marginal tax rates but simultaneously eliminating distortionary deductions, thereby keeping revenues and the budget deficit stable. ...
Tax on test: do Britons pay more than most? image
Source : Guardian [Read Article] Saturday 27th of May 2017 06:00:20 AM
.... But are British households that heavily taxed?. A comparison of personal tax rates across Europe, Australia and the US by Guardian Money reveals how average earners in Britain on salaries of £25,000, or “middle-class” individuals on £40,000, enjoy among the lowest personal tax rates of the advanced countries, while high earners on £100,000 see less of their income taken in tax than almost anywhere else in Europe. ...
Paradise in the Med image
Source : BBC [Read Article] Thursday 25th of May 2017 09:54:43 PM
.... . While local businesses must pay 35% on profits, international corporations profit from a corporation tax rate of as little as 5%, thanks to a complex system where shareholders can receive a tax refund of up to six-sevenths of their tax paid in Malta. ...
What's better than a Buffett rule? Labor's Buffett rule by stealth | Greg Jericho image
.... What perhaps has been ignored is that the ALP has also come up with a policy that might achieve some of its aims with much less tinkering with the tax system. The Buffett rule of tax comes from the US billionaire Warren Buffett, who in 2011 was surprised that, because of deductions and differing tax rates, he paid a lower average rate of tax than did his secretary. ...
Trump's $4.1tr budget takes hatchet to safety net image
Source : BBC [Read Article] Tuesday 23rd of May 2017 03:31:49 PM
....This budget projects the US government will eliminate its deficit and be running a surplus by 2027 - for the first time since the 1990s. The plan promises to cut tax rates, relying largely on hoped-for economic growth of 3% to avoid adding to the deficit. ...
From tax to Brexit, the Tories will do anything to stay in power image
Source : Guardian [Read Article] Sunday 21st of May 2017 06:00:47 AM
....). In the past Labour has tied itself in knots with commitments ruling out increases in principal tax rates, resorting to all manner of subterfuge instead. ...
May's manifesto is birth of third way Conservatism image
Source : Guardian [Read Article] Thursday 18th of May 2017 01:15:48 PM
....The glacial pace of deficit reduction means that the 2017 manifesto is far more cautious in its tax pledges than the one produced by David Cameron two years ago. Back then, when the opinion polls were suggesting a hung parliament, Cameron pledged no increase in income tax rates, national insurance contributions or VAT. ...
Labour manifesto: Extra £48.6bn in tax revenue to fund pledges image
....Leader Jeremy Corbyn said the manifesto - including billions for schools and the NHS and an expansion of free childcare - was a "programme of hope". The income tax rate would rise to 45p for earnings above £80,000 and then to 50p in each pound earned over £123,000. ...
Labour reveals 'fat cat' tax pledge aimed at reining in excessive pay image
....5bn by increasing income tax for those earning more than £80,000 – almost one million people – with experts suggesting a 45% rate, which is currently imposed on salaries above £150,000. The Guardian understands that there is also likely to be a new 50% tax rate, which will kick in at a lower income threshold than the current £150,000 top rate. ...
The left must take a lesson from the right and come together to win | Will Hutton image
.... Addressing the housing crisis with more and better homes is hard to fault. Funding this by reversing some of the recent cuts in taxation, for example returning corporation tax rates to 2012 levels, is hardly the stuff of revolution. ...
Labour corporation tax hike could help schools but dent economy, says IFS image
....Labour has said it would scrap government plans to cut corporation tax from 19% to 17% and instead raise the levy on profits for larger companies to 26% by 2020. The IFS said this would raise £19bn in the short term, but “substantially less” in the medium to long run because companies would respond to the higher tax rate by investing less in the UK. ...
Labour's stealth pension tax RAID: Corbyn's plans set to hit retirement savers  image
....However, this is set to have big implications on pension saving. This is because tax relief is based on income tax rates. ...
Labour looks at  new tax bracket for those earning £80k-£150k image
Source : Guardian [Read Article] Sunday 7th of May 2017 10:20:48 AM
.... This would effectively create a new tax bracket for those earning between £80,000 and £150,000. McDonnell said the party’s manifesto would clarify its new tax rates for those who earn over £80,000. ...
General election 2017: Labour rules out tax rises for 95% of earners image
....Labour says low and middle earners would be protected from rises in the overall tax burden in the next Parliament - until 2022 - while the top 5% of earners would pay more to fund public services. The party is ruling out increases in the standard 20% rate of VAT, personal NI contributions and income tax rates for those earning less than £80,000. ...
Fangs: the lightning rise of Facebook, Amazon, Netflix and Google image
Source : Guardian [Read Article] Saturday 29th of April 2017 08:00:25 AM
....One proposed solution, favoured by the Republican party for decades and periodically enacted, is a repatriation tax holiday - a fixed period during which money brought onshore is taxed less. The last holiday in 2004 led to $362bn being brought back to the US at a reduced tax rate of 5. ...
US growth rate hits three-year low image
Source : BBC [Read Article] Friday 28th of April 2017 12:40:39 PM
....In a bid to fulfil that promise, on Wednesday the White House proposed slashing the rate of corporation tax. Treasury Secretary Steven Mnuchin unveiled President Trump's tax blueprint, which aims to cut the business tax rate from 35% to 15%. ...
​Trump tax plan could save him millions under guise of helping small businesses image
....”. Trump’s plan, which would have to be adopted by Congress to take effect – far from a given – would introduce a new tax rate of 15% for owner-operated businesses known as pass-throughs, which are called that because, for tax purposes, income is “passed through” from the business balance sheet to individual owners and taxed like personal income. ...
Wall Street edges down after Trump tax plan image
Source : BBC [Read Article] Wednesday 26th of April 2017 08:19:48 PM
....3% fall in third-quarter profit, caused by slowing consumer spending. President Donald Trump proposed slashing the US tax rate on corporate and pass-through business profits to 15% from 35% or more. ...
Trump under fire over 'huge tax cut for the rich' image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:35:17 PM
....Critics immediately called it “basically a huge tax cut for the rich”. The plan would cut the US’s individual income tax brackets from seven to three (10%, 25% and 35%) and slash US corporate tax rates from 35% to 15%. ...
Trump seeks tax windfall for business image
Source : BBC [Read Article] Wednesday 26th of April 2017 12:20:53 PM
....The Trump administration has proposed slashing the rate of corporation tax with the aim of spurring economic growth, the Treasury Secretary said. Steven Mnuchin unveiled President Trump's blueprint, which aims to cut the business tax rate from 35% to 15%. ...
Will London survive as a financial centre after Brexit? image
Source : Guardian [Read Article] Wednesday 26th of April 2017 07:08:45 AM
....So delegation after delegation of ministers, mayors and assorted financial centre lobbyists have been filling London’s best hotels and providing a welcome boost to the high-end restaurant trade. Luxembourg, Frankfurt, Dublin and others have been making glossy presentations about their cities’ competitive advantages over London: lower property costs, lower corporate tax rates, Michelin-starred restaurants, and Porsche dealerships – all the essential services that make up a vibrant financial centre. ...
Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
.... The index was boosted by technology giants such as Amazon, Apple, Microsoft, Google and Facebook, which will be among the main beneficiaries of any Trump tax reforms. The president’s long-awaited announcement is now expected on Wednesday, with suggestions of a cut in corporation tax from 35% to 15% and possible reductions in income tax rates, particularly for middle-income earners. ...
Toy-maker Hasbro revenues boosted by Monopoly sales image
Source : BBC [Read Article] Monday 24th of April 2017 03:00:22 PM
....6m (£53. 7m), due in part to a more favourable tax rate. ...
As newlyweds, what capital gains tax will we pay if we sell one of our flats? image
.... If you sell the home you are living in and buy another home to live in, you won’t have to pay the higher rate, which is the standard stamp duty rate plus 3%. If, however, you bought a holiday home or property to let out, you would have to pay the higher tax rate. ...
IMF shifts from dismal to pessimistic, but has a sharper message about inequality | Greg Jericho image
....These results fit nicely with a new study published this week that found taxation “reforms” since the mid-1980s in Australia, New Zealand and Norway did nothing to improve economic growth, and instead just increased inequality – especially with more of the nations’ incomes going to the richest 1%:. The study’s authors conclude, these tax reforms, which lowered the top tax rate and made the system less progressive, did not “increase the size of the cake”, but did provide the wealthiest with a bigger share. ...
Corbyn attacks M&S and other big firms over late supplier payments image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:13:04 AM
....Any company bidding for public-sector contracts with a future Labour government would have to pay its own suppliers within 30 days, Corbyn said on Tuesday, and Labour would consider creating a binding arbitration system, with fines for persistent late-payers. The Labour leader pledged not to increase the corporation tax rate for small businesses and to scrap quarterly reporting for businesses with turnover of less than £83,000, calling it “a burden, a distraction, that will hold entrepreneurs back”. ...
Trump tax cut plan will be as big a flop as failed healthcare reforms | Nouriel Roubini image
.... It won’t be, not least because the Republicans’ initial proposals would add trillions of dollars to budget deficits, and funnel more than 99% of the benefits to the top 1% of the income distribution. A plan offered by Republicans in the House of Representatives to reduce the corporate tax rate from 35% to 15%, and to make up for the lost revenues with a border adjustment tax (BAT), is dead on arrival. ...
EU financial centres vie to poach tens of thousands of City jobs image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
....A wide-ranging review of reports, research papers and press releases showed that the French government had come under intense pressure to match London’s business-friendly environment. The socialist administration has been urged to cut its headline corporation tax rate from 33% to 25% to close the gap with the UK’s, where corporation tax falls to 19% this month. ...
Cash in the pocket image
Source : BBC [Read Article] Friday 31st of March 2017 09:16:50 PM
....Those on welfare will feel the squeeze especially, as payment rates are frozen for the second year in succession, and the generosity of some benefits are reduced. However, those in work are likely to become better off, as tax rates become more generous, and the National Living Wage also rises. ...
Google reveals latest UK tax bill image
Source : BBC [Read Article] Friday 31st of March 2017 02:19:00 PM
....One reason for the discrepancy is that it treats its business here as a development and marketing services operation. Sales are booked in the Irish Republic, where the tax rate happens to be lower. ...
Protesters target Connecticut's uber wealthy with 'tax bills' in bid to end loophole image
.... 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. The bill, HB 6973, would add a local surcharge to the investors’ tax bill, taking them up to the top tax rate of 39. ...
Council tax bills to rise in nine out of 10 English local authorities image
Source : Guardian [Read Article] Sunday 26th of March 2017 11:01:43 PM
....The figures mark a stark contrast to rate changes five years ago, when 90% of local authorities froze or cut council tax and just 35 raised it. In 2015-16, seven councils cut their council tax rates. ...
Apple 'paid no tax' in New Zealand for at least a decade image
Source : BBC [Read Article] Thursday 23rd of March 2017 09:09:46 AM
....". Some tax experts have called the arrangement unusual given that Australia's corporate tax rate of 30% is higher than New Zealand's. ...
Why becoming a tax haven would be bad news for Britain image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 06:30:42 PM
.... In Ireland, 12. 5% (its corporation tax rate, compared to 20% in the UK) might as well be the symbol of the state, so universal is cross-party allegiance to it. ...
Why robots should be taxed if they take people's jobs | Robert Shiller image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 11:18:12 AM
.... So taxes have to be related to some activity indicative of ability to pay taxes, and whatever activity it is will be discouraged as a result. Frank Ramsey published a classic paper in 1927 arguing that to minimise taxation-induced distortions, one should tax all activities, and he proposed how to set tax rates. ...
A ‘jobs miracle’ that leaves millions worse off | Observer editorial image
.... The prime minister has made positive noises about tackling exploitation. But they run at odds to hints from her chancellor that a post-Brexit Britain may go for a Singapore-style economy, with even lower corporate tax rates and a scaled-back welfare state that would create even greater insecurity for low-paid workers. ...
Buy your new car now to save thousands of pounds ahead of excise hike image
Source : Guardian [Read Article] Saturday 18th of March 2017 07:00:32 AM
. A radical overhaul of car tax rates comes into force on 1 April, and means anyone about to buy a new car – and particularly an expensive low-emissions vehicle – should consider bringing forward their purchase if possible. ...
Donald Trump's 2005 tax return leak reveals $38m bill image
Source : BBC [Read Article] Wednesday 15th of March 2017 02:38:18 AM
.... . The release showed Mr Trump paid the Internal Revenue Service $38m in 2005, an effective tax rate of 24%. ...
Pension tax warning: Savers in 'last chance' to use extra relief allowance before April 5 image
....People approaching retirement typically try to add as much as possible to nest eggs to benefit from tax relief. The annual contribution allowance has been reduced in recent years and is now capped at between £10,000 and £40,000, dependent upon income tax rates. ...
Trump faces formidable institutional obstacles – so what can he do? | Barry Eichengreen image
.... This should be a slam-dunk, because the president and congressional Republican leaders are on the same page. Trump’s goal of removing the government’s groping hand from Americans’ pockets, by cutting the top marginal tax rate on ordinary income from 39. ...
Institute for Fiscal Studies backs National Insurance increase image
Source : BBC [Read Article] Thursday 9th of March 2017 01:00:13 PM
....Mr Johnson said: "These [NI changes] feel like like baby steps in the right direction. "But they are sticking plasters not the fundamental look at the tax base as well as tax rates that is required. ...
Budget 2017: NHS, families, cars - your questions answered image
Source : BBC [Read Article] Wednesday 8th of March 2017 05:14:18 PM
....What a good question. Some economists argue that low tax rates in fact lead to higher tax revenues, as tax payers become less inclined to dodge the tax in the first place. ...
Self-employed hit by national insurance hike in budget image
Source : Guardian [Read Article] Wednesday 8th of March 2017 02:24:49 PM
....The changes to the taxation of dividends was criticised for “leaving the door open to massive tax avoidance” by wealthy people working for their own companies. New data published by the Office for Budget Responsibility showed that a previous increase in dividend taxes resulted in much of the benefit falling to “just 100 individuals who were able to withdraw dividends averaging £30m each from their companies before the higher tax rate took effect”. ...
Budget 2017: Blow for pensioners as tax-free dividend allowance SLASHED image
Source : Daily Express [Read Article] Wednesday 8th of March 2017 01:44:00 PM
....The reduction in the allowance will increase the income tax payable on dividends for basic, higher and additional rate tax payers by £225, £975 and £1,143 respectively, according to experts. Dividend tax rates. ...
Business wish list image
Source : BBC [Read Article] Sunday 5th of March 2017 01:37:19 AM
....The IoD also wants to see an increase in the Annual Investment Allowance cap to £1m to boost investment by small and medium-sized businesses. The government should reiterate its manifesto pledge for the UK to have the lowest corporation tax rate in the G7 countries. ...
Low key Budget?  image
Source : BBC [Read Article] Saturday 4th of March 2017 01:17:34 AM
....The Conservatives have promised to raise this to £12,500 by 2020-21 and increase with inflation after that. The threshold for the higher 40% income tax rate will rise from £43,000 to £45,000 in April. ...
Wall Street stocks rise after Trump's corporate tax cut promises image
Source : Guardian [Read Article] Wednesday 1st of March 2017 06:42:20 PM
....In his most measured speech to date, Trump told Congress he would bring back to life dying industries and “crumbling infrastructure will be replaced with new roads, bridges, tunnels, airports and railways gleaming across our very, very beautiful land”. He added: “My economic team is developing historic tax reform that will reduce the tax rate on our companies so they can compete and thrive anywhere and with anyone. ...
Savers warned: Pension tax relief could be SLICED in March Budget  image
Source : Daily Express [Read Article] Tuesday 28th of February 2017 03:36:00 PM
.... And it's feared Philip Hammond could announce radical changes when he lays out his plans for spending and the economy on March 8. Under the current system, pension contributions are topped up by the Government depending on the tax rate of a saver. ...
Savers need a balancing act to beat inflation image
Source : Guardian [Read Article] Monday 20th of February 2017 07:00:31 AM
.... With investing comes risk, he says, and investors need to be aware of the volatility which exists and will continue to do so. Guy Foster, head of research at investment manager Brewin Dolphin, says investors buying up US shares following the Trump election – companies there may see tax rates cut – are “pinning a lot of hope on this most unpredictable of presidents”. ...
Baby boomers don’t deserve to be punished | Letters image
Source : Guardian [Read Article] Sunday 19th of February 2017 06:31:16 PM
.... This was a generous country, looking after its citizens. People paid their taxes – basic tax rate of 33% in the 1960s – and national health insurance. ...
The baby boomers have enjoyed the good times – now a tax hike is due | Phillip Inman image
.... That means the same monthly savings will generate an income in 2017 of around a quarter to one fifth of the income of someone retiring in 1998. Of course, a higher income tax rate would encourage some workers to delay retirement. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
....While Bermudian companies did not feature heavily in the Panama Papers, they have played a role in other financial scandals including Bernie Madoff’s notorious Ponzi scheme and more recently in fraudulent public offerings on the Singapore stock exchange. The mid-Atlantic nation is a major centre of tax avoidance, with Google and other multinationals attracted by a zero corporation tax rate. ...
Trump withdraws from Trans-Pacific Partnership amid flurry of orders image
Source : Guardian [Read Article] Monday 23rd of January 2017 05:46:50 PM
....Earlier, Trump met a group of top business leaders including Elon Musk, the head of SpaceX, and the executives from Dell, Johnson & Johnson and Lockheed Martin. He set out plans to cut regulations for businesses in the US and slash the company tax rate from 35% “down to anywhere from 15 to 20%”. ...
Formula One pulled a fast one on the US taxman – and it's all perfectly legal image
.... The vast majority of this is received by the company’s subsidiaries in Britain where corporation tax comes to 20%. However, filings show that F1’s tax rate was actually equivalent to just 3. ...
Corbyn’s wage cap plan labelled unworkable but keeps pay on agenda image
Source : Guardian [Read Article] Tuesday 10th of January 2017 08:05:41 PM
.... Leon Kamhi, head of responsibility at fund managers Hermes, said remuneration committees at individual companies should set out a maximum possible pay for their chief executives. Mark Littlewood, director general at the Institute of Economic Affairs, a free market thinktank, said Corbyn’s ideas had moved from “misguided to simply muddled” and branded the idea for a maximum wage cap to tackle inequality as “dangerous and, for all intents and purposes, a 100% income tax rate”. ...
Snapchat sets up international office in London image
Source : BBC [Read Article] Tuesday 10th of January 2017 10:14:48 AM
....At the moment, the firm's UK workforce is just 75 strong, and although that will expand, it's hardly the equivalent of a car plant in Sunderland - though baristas in Soho will be grateful for the opportunity to sell a lot more decaf skinny lattes. But this does signal that post Brexit London, with its skilled workforce, its strength in advertising and its relatively low tax rates will remain a very attractive location for tech firms, especially those that aren't moving physical goods across borders. ...
Chancellor failing to cancel ‘tax giveaway’ to banks, says Labour image
Source : Guardian [Read Article] Monday 2nd of January 2017 02:18:10 PM
....Labour also wants to show that it will fight to avoid a “bankers’ Brexit” – protecting the interests of the City at the expense of ordinary taxpayers – though it has said it would like to see the continuation of “passporting”, the regime allowing UK-based banks to trade throughout the EU. A spokesman for McDonnell said Labour would reverse the cuts to the levy and would be unlikely to remove the corporation tax surcharge, because it came alongside a series of cuts in the corporation tax rate which had reduced big corporations’ tax liability. ...
Jean-Claude Juncker blocked EU curbs on tax avoidance, cables show image
Source : Guardian [Read Article] Sunday 1st of January 2017 01:14:31 PM
....The secret to this success was exposed in 2014 when the Luxleaks scandal revealed the terms hidden within hundreds of private deals, known as “tax rulings”, that Luxembourg had handed out to multinational businesses behind closed doors. The rulings effectively rubber-stamped complex tax structures that global corporations used to access ultra-low tax rates, often less than 1%, for profits shifted to Luxembourg. ...
Family friendly image
Source : BBC [Read Article] Friday 30th of December 2016 10:27:14 PM
.... . And the reason the state can afford to do this is because Denmark has one of the highest tax rates in the world, with the average Dane paying a total amount of 45% in income taxes. ...
Stamp duty land tax boosts tax receipts image
Source : BBC [Read Article] Wednesday 21st of December 2016 04:36:38 PM
....The increased tax take reflects two big changes to stamp duty in the past two years, as well as the impact of the continued rise in average house prices, which have gone up by 7% in the past year. In December 2014, the whole SDLT system was overhauled and new tax rates were brought in. ...
Computer error blamed for HMRC blunder in Scotland image
Source : Guardian [Read Article] Monday 19th of December 2016 06:54:44 PM
....uk website pages but, according to HMRC’s own analysis, there was no noticeable increase in the traffic as a result of the notification letters. The report also identifies the risk of tax avoidance and evasion if there are differences in tax rates or thresholds between Scotland and the rest of the UK. ...
Ireland may not get Apple's €13bn back taxes in full, EU says image
Source : Guardian [Read Article] Monday 19th of December 2016 11:56:26 AM
....Unveiling its formal legal submission on Monday, the finance department described how low taxes are the point of its sales pitch to foreign investors, arguing it was perfectly legal to levy far less tax on profits than imposed by competitors. Under EU rules, governments have powers to set their own corporate tax rates, but are forbidden from giving an unfair competitive advantage to firms on their territory. ...
Airbnb UK tax history questioned as income passes through Ireland image
Source : Guardian [Read Article] Monday 19th of December 2016 07:01:13 AM
....“We get none of the upside on tax from Airbnb’s real income, which is taxed in Ireland, but are giving away tax relief on their costs,” he said. “The net result is to significantly increase the overall level of profits Airbnb can enjoy at low tax rates. ...
Income tax powers for Wales set to come in 2019 image
Source : BBC [Read Article] Monday 19th of December 2016 05:58:56 AM

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