Jun 23, 2010
The UK Government has released its long-anticipated Emergency Budget, outlining several important changes to the national tax system, including increase to Value Added Tax (VAT), Capital Gains Tax (CGT), and a new Bank Tax. On June 22nd the UK’s Chancellor George Osborne presented the national Emergency Budget. The new Coalition Government’s budget aims to bring [...]
The UK Government has released its long-anticipated Emergency Budget, outlining several important changes to the national tax system, including increase to Value Added Tax (VAT), Capital Gains Tax (CGT), and a new Bank Tax.
On June 22nd the UK's Chancellor George Osborne presented the national Emergency Budget. The new Coalition Government's budget aims to bring the UK out of its current recession, and address the country's growing deficit and cut it to a neutral level.
In regards to business taxation, the budget statement ... Read More
Jun 14, 2010
Recently the results of several surveys have been published, showing Scottish consumer groups and business owners are apprehensive about the proposed changes expected to be announced in the June 22nd UK emergency budget. Specifically, increases to Value Added Tax (VAT) and Capital Gains Tax (CGT) have been target by researchers as having the biggest negative [...]
Recently the results of several surveys have been published, showing Scottish consumer groups and business owners are apprehensive about the proposed changes expected to be announced in the June 22nd UK emergency budget. Specifically, increases to Value Added Tax (VAT) and Capital Gains Tax (CGT) have been target by researchers as having the biggest negative effects on Scottish consumers and business-owners.
On June 14th the Scottish Chambers of Commerce (SCC) released a report with the results of a survey carried out on ... Read More
Jun 11, 2010
The UK Government is being urged to reconsider its current budget and tax plans, and opt to deliver greater spending cuts while reducing the impact of tax hikes. On June 11th the Confederation of British Industry (CBI), the UK’s largest business group, sent an open letter to the George Osborne, Chancellor of the Exchequer, urging [...]
The UK Government is being urged to reconsider its current budget and tax plans, and opt to deliver greater spending cuts while reducing the impact of tax hikes.
On June 11th the Confederation of British Industry (CBI), the UK’s largest business group, sent an open letter to the George Osborne, Chancellor of the Exchequer, urging a reevaluation of the Government’s intentions for the upcoming budget announcement. The CBI stated that the nation’s budget deficit should be controlled through spending cuts and not raised ... Read More
Jun 8, 2010
New research indicates that the US will soon have the highest tax burden on corporate profits in the OECD, potentially leading to a decrease in the overall productive capacity of the US economy. On June 7th the independent US think-tank Tax Foundation released The Economic Effects of the Lower Tax Rate on Dividends, a special [...]
New research indicates that the US will soon have the highest tax burden on corporate profits in the OECD, potentially leading to a decrease in the overall productive capacity of the US economy.
On June 7th the independent US think-tank Tax Foundation released The Economic Effects of the Lower Tax Rate on Dividends, a special report which analyzes the double-level of taxation on corporate profits in the US. According to the report, equity-financed investment profits in the US are taxed under corporate income ... Read More
