Sep 1, 2010
UK taxpayers’ hopes for any reduction to their tax burden have been dashed for the next several years, after comments made by a UK Treasury official. There will not be any significant reduction to most UK taxpayers’ liabilities at least until the next general election in 2015, according to a statement made on August 29th [...]
UK taxpayers’ hopes for any reduction to their tax burden have been dashed for the next several years, after comments made by a UK Treasury official.
There will not be any significant reduction to most UK taxpayers’ liabilities at least until the next general election in 2015, according to a statement made on August 29th by Danny Alexander, Chief Secretary to the Treasury. Explaining the decision, he said, "The tax burden is necessary to get the finances in order. It will have to ... Read More
Aug 11, 2010
The European Union will soon attempt to extend its revenue raising powers by imposing new taxes directly within all of its member states. Janusz Lewandowski, Budget Commissioner of the European Union (EU), revealed on August 9th, that a new proposal will be released in September, outlining a series of new “eurotaxes”. Initially, the EU will [...]
The European Union will soon attempt to extend its revenue raising powers by imposing new taxes directly within all of its member states.
Janusz Lewandowski, Budget Commissioner of the European Union (EU), revealed on August 9th, that a new proposal will be released in September, outlining a series of new “eurotaxes”. Initially, the EU will suggest the implementation of a uniform tax on air travel, and selected inter-bank transactions. A pan-Europe Carbon Tax will eventually be mooted, if the first two levies prove ... Read More
Jul 28, 2010
The UK Government is taking action to show national taxpayers and international investors that the country “is open for business”, by initiating an extensive round of public consultation of tax system legislation issues. The UK Government has stated its intentions to make the tax system “simpler and work better for people”, through an announcement made [...]
The UK Government is taking action to show national taxpayers and international investors that the country “is open for business”, by initiating an extensive round of public consultation of tax system legislation issues.
The UK Government has stated its intentions to make the tax system “simpler and work better for people”, through an announcement made on July 27th by David Gauke, Exchequer Secretary, and the release of nine public consultation documents. The Government claims that its new initiative of greater public feedback on ... Read More
Jul 23, 2010
The negative effect of international financial centers on the UK economy and tax revenues is dramatically overstated, and overall treatment of international financial centers in the UK has been “remarkably one-sided.” Allegations of unfairness have been laid against the OECD and the Governments of advanced economies, in regards to their treatment of international financial centers [...]
The negative effect of international financial centers on the UK economy and tax revenues is dramatically overstated, and overall treatment of international financial centers in the UK has been “remarkably one-sided.”
Allegations of unfairness have been laid against the OECD and the Governments of advanced economies, in regards to their treatment of international financial centers (IFC). While holding a debate in the UK Parliament on the topic of offshore financial centers on July 21st, Mark Field, Conservative MP, said that IFCs were not ... Read More
