Nov 25, 2009
The tax burden, calculated as a ratio of tax receipts to Gross Domestic Product (GDP), faced by member countries of the Organization for Economic Cooperation and Development (OECD) fell by 0.5% in 2008. According to the OECD’s “Revenue Statistics: 2009 Edition” report, published November 24th, the tax burden by its members has fallen as the [...]
The tax burden, calculated as a ratio of tax receipts to Gross Domestic Product (GDP), faced by member countries of the Organization for Economic Cooperation and Development (OECD) fell by 0.5% in 2008.
According to the OECD's "Revenue Statistics: 2009 Edition" report, published November 24th, the tax burden by its members has fallen as the worldwide financial crisis tolls global economies. The aggregate tax receipt-to-GDP ratio across the surveyed OECD nations in both 2007 and 2006 was 35.8%. Based on current provisional ... Read More
Nov 19, 2009
The UK Scotland Office has published a report claiming that if Scotland were to attain separation from the UK and full fiscal independence, its tax compliance costs could rise to £1 billion or more. The Scotland Office released a report on November 18th, entitled “Tax Administration and Constitutional Change in Scotland”. The report indicates that [...]
The UK Scotland Office has published a report claiming that if Scotland were to attain separation from the UK and full fiscal independence, its tax compliance costs could rise to £1 billion or more.
The Scotland Office released a report on November 18th, entitled "Tax Administration and Constitutional Change in Scotland". The report indicates that full fiscal autonomy in Scotland would be un-affordable and un-beneficial.
If Scotland were to follow plans for "Devolution Max", whereby it would gain full fiscal autonomy and ... Read More
Oct 23, 2009
Figures have shown that millions of United Kingdom’s elderly are over-paying on their taxes. In a report published on October 22nd, the National Audit Office (NAO) released figures indicating that the UK is seeing gross-overpayment of tax by pensioners. According to the NAO, overpayments by the elderly have an especially exasperating economic effect as the [...]
Figures have shown that millions of United Kingdom’s elderly are over-paying on their taxes.
In a report published on October 22nd, the National Audit Office (NAO) released figures indicating that the UK is seeing gross-overpayment of tax by pensioners. According to the NAO, overpayments by the elderly have an especially exasperating economic effect as the income of the average pensioner is approximately 25% less than that of the rest of the population, sitting at £16,000.
The NAO report claimed that due to ... Read More
Sep 22, 2009
The United Kingdom looks set to increase efforts to combat tax evaders. Speaking on the 21st of September in regards to the upcoming G20 summit in Pittsburg, Stephen Timms, UK Financial Secretary, has decried tax evasion as being morally wrong, he then proceeded to claim that further efforts will soon be made to “tilt the [...]
The United Kingdom looks set to increase efforts to combat tax evaders.
Speaking on the 21st of September in regards to the upcoming G20 summit in Pittsburg, Stephen Timms, UK Financial Secretary, has decried tax evasion as being morally wrong, he then proceeded to claim that further efforts will soon be made to "tilt the game back towards honest, hard-working taxpayers".
It was announced on the same day that Alistair Darling, Chancellor of the Exchequer, will use his Pre-Budget Report to instate tougher ... Read More
