Rishi Sunak ‘pushing for the City of London to be excluded from new global tax crackdown’ despite leading G7 efforts to make big firms pay more G7 finance ministers agreed plan last weekend to introduce global tax changes Plan designed to make big firms pay their fair share of tax where they operate But Rishi … Read more
More than 700,000 savers could be paying too much tax after interest rates plunged to record lows. It is yet another blow for beleaguered savers already struggling to earn an income from their nest eggs. And long delays at HM Revenue & Customs (HMRC) means anyone attempting to correct their tax code and claw back … Read more
REVEALED: Billionaires Elon Musk and Jeff Bezos paid ZERO federal income tax some years, according to secret trove of IRS records from America’s 25 richest people The IRS records from the 25 wealthiest people in the United States were obtained by ProPublica and published on Tuesday The records show that Amazon founder Jeff Bezos paid … Read more
Eamonn Holmes will reportedly use his axe from This Morning in his appeal over a £250,000 tax bill. The TV presenter, 61, and his wife Ruth Langsford were dropped from their Friday slot after 14 years on the ITV show and replaced with Alison Hammond and Dermot O’Leary. According to The Sun, Eamonn plans on … Read more
Rishi Sunak and other G7 finance ministers meet today to agree on new minimum global level of corporate tax aimed at tech giants Chancellor said the world cannot still rely on tax system ‘designed in the 1920s’ It’s clear taxation had to change in ‘complex global digital economy’, he added Talks held with ministers from … Read more
Australians whose work expenses are significantly higher than their colleagues could find themselves in trouble with the law. Unlike last year, the Australian Taxation Office is spending more time auditing claims thanks to an increase in working from home expenses, increasing the risk of being caught filling in dodgy returns. With the end of the … Read more
Trump under investigation for potentially inflating NY property for $21.1 million tax write-off as ex-president complains legal bills are becoming ‘such a pain in the a**’ Trump under probe for potentially over-valuing a piece of land his business gifted to the North American Land Trust to receive a $21.1 million tax write-off Trump Organization planned … Read more
New York prosecutors are focusing their criminal probe on former President Donald Trump’s ‘real life Wayne Manor’ to investigate if the value of Seven Springs compound was inflated for tax breaks, it has been reported. Prosecutors have obtained dozens of land deal records relating to Trump’s Seven Springs estate, a 60-room sandstone chateau in downstate New … Read more
MAGGIE PAGANO: Many reasons why it is that private equity firms are leading the charge in takeover activity – but tax breaks are by far the biggest catalyst By Maggie Pagano For The Daily Mail Published: 21:50 BST, 28 May 2021 | Updated: 21:55 BST, 28 May 2021 Over the last week, the Daily Mail … Read more
Punitive tax changes have meant that landlords have bought a quarter of a million fewer homes in the past five years. Since April 2016, landlords have bought around 700,000 homes across Britain. This is 250,000 – or 26 per cent – fewer than they would have if the tax regime had stayed the same, according … Read more