Finance News – Tax
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Rightmove demands stamp duty overhaul
Adjusting the current property tax thresholds to align with recent market changes could reduce costs for new buyers, potentially increasing activity and liquidity within the housin...
Read Full Article →Crypto Industry Asks President Trump to Stop JPMorgan’s 'Punitive Tax' on Data Access
A group of fintech and cryptocurrency organizations has appealed to the White House to prevent JPMorgan from imposing charges on accessing customer information, emphasizing potenti...
Read Full Article →Why cutting capital gains tax on home sales wouldn't solve the country's housing issues
Reducing taxes on profits from selling homes primarily advantages wealthier sellers and is unlikely to address broader affordability challenges faced by most potential buyers.
Read Full Article →The hidden tax on women that's costing companies millions
Unrecognized contributions by female employees lead to decreased efficiency and higher turnover rates, which in turn impose substantial financial burdens on organizations across va...
Read Full Article →Top global banker sounds warning to Reeves on tax and regulation
The head of a major international bank emphasized the delicate position of London and the UK in worldwide finance, highlighting concerns about tax policies and regulatory challenge...
Read Full Article →Trump’s One Big Beautiful Bill Act poses challenges for Canada’s tax competitiveness
Recent modifications to U.S. tax legislation, along with ongoing trade and tariff uncertainties, have created a more complex financial landscape that could impact Canada's attracti...
Read Full Article →Indian crypto users may ‘force’ policy shift amid mounting demand
The increasing number of cryptocurrency participants in India highlights the potential for economic impact, as growing interest persists despite substantial taxation challenges fac...
Read Full Article →Rachel Reeves’ tax raid leads to thousands of job losses as wage growth cools
Recent official figures reveal significant employment declines amid slowing wage increases, intensifying challenges for monetary policymakers to address the economic impact of subs...
Read Full Article →The Ultra-Rich Don't Always Pay Cash: Why Mark Zuckerberg Took Out a Mortgage
Many affluent individuals choose to finance property purchases through loans to maintain cash flow, enhance investment opportunities, and optimize their overall financial strategie...
Read Full Article →Soaring beef and butter prices drive food inflation in June
Rising costs for key dairy and meat products have contributed to elevated food price increases, significantly impacting overall consumer inflation and reflecting broader economic p...
Read Full Article →HMRC criticised by watchdog for failing to track billionaires’ tax
The inability of tax authorities to monitor contributions from the wealthiest individuals has raised concerns about potential revenue losses, prompting calls for new fiscal measure...
Read Full Article →HMRC 'doesn't know' how many billionaires pay tax in the UK
A recent report by Members of Parliament reveals that HM Revenue and Customs lacks precise data on the number of billionaires fulfilling their tax obligations within the United Kin...
Read Full Article →HMRC doesn’t know how many billionaires are in Britain
A report highlights that the tax authority lacks precise data on the number and tax contributions of extremely wealthy individuals, raising concerns about the challenges of impleme...
Read Full Article →A happy accident? Tax reform talk heats up after Treasury's FOI error
The unintended disclosure of internal recommendations has intensified discussions around altering tax policies, potentially influencing significant fiscal changes proposed by gover...
Read Full Article →Rachel Reeves should end national insurance loophole for law firms | Letters
Adjusting national insurance regulations for partners in major law firms could generate significant government revenue without increasing taxes on regular employees.
Read Full Article →OBR chief says higher tax is ‘not good’ for growth – or the government
Increasing taxes as proposed in the upcoming budget may reduce economic expansion and diminish long-term government revenue, according to a leading fiscal authority’s assessment of...
Read Full Article →WeWork's former top lawyer wants to do with fund docs what TurboTax did for tax prep. Big Law should...
A former leading legal executive at WeWork aims to revolutionize fund documentation by simplifying complex processes, potentially disrupting traditional practices and impacting lar...
Read Full Article →Rachel Reeves ducks ‘speculation’ despite tax pledge confusion
Chancellor Rachel Reeves avoided detailed responses regarding upcoming fiscal policies while reaffirming the government’s commitment to maintaining current income tax, national ins...
Read Full Article →HMRC under pressure as underpaid tax by US firms surges
The increase in tax shortfall attributed to US businesses has created a substantial financial challenge for the UK tax authorities, reflecting a significant rise in potential reven...
Read Full Article →London hiring plunges as Rachel Reeves’ tax grab weighs
London’s job market experienced a notable decline in permanent hires recently, reflecting increased financial pressures on businesses associated with recent tax policy changes.
Read Full Article →Tax pubs on profit not property value, urges Greene King boss
The leader of Greene King highlighted that current property-based business rates increase financial strain on pubs, advocating for a shift to taxing profits to support the sector’s...
Read Full Article →Wilkin & Sons: King’s jam maker returns to profit despite Reeves’ tax hikes
Wilkin & Sons, known for producing the Tiptree brand and supplying royal clientele, managed to regain profitability despite financial challenges posed by increased wage requirement...
Read Full Article →OpenAI faces IRS complaint over alleged tax violations
The complaint could lead to a financial investigation that might impact OpenAI’s tax status and potentially result in fines or changes to its organizational structure and funding.
Read Full Article →Why is Labour so afraid to admit that we must tax the rich to help the poor? | Andy Beckett
Addressing economic inequality through increased taxation on high earners could potentially generate funds to support social programs and reduce poverty levels across Britain.
Read Full Article →Week in Business: The tragedy of Labour’s tax addiction
Government plans to increase various taxes could impact investment and economic growth, highlighting ongoing debates about the balance between revenue generation and market stimula...
Read Full Article →Page Group profit tumbles amid job market woes and tariff uncertainty
Page Group experienced a substantial decrease in half-year earnings due to challenging employment conditions and unpredictable international trade policies, resulting in a signific...
Read Full Article →Labour’s tax addiction will end in tears
The upcoming budget is anticipated to introduce substantial new taxes, potentially raising £10 billion to £20 billion, which could have significant implications for public finances...
Read Full Article →The UK should press ahead with the inevitable on tax
Addressing fiscal challenges promptly is crucial to prevent negative impacts on consumer spending, business investments, and the broader economic expansion in the United Kingdom.
Read Full Article →Is it time for a wealth tax on the super-rich? – podcast
Implementing a tax on high-net-worth individuals could provide additional government revenue to address budget shortfalls and support programs aimed at reducing economic disparitie...
Read Full Article →UK Crypto Users Could Face $408 Fine for Failure to Provide Certain Information
HMRC announced that collecting specific details from cryptocurrency users will assist in accurately determining their tax obligations, with penalties applied for non-compliance to...
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