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...Griggs will also scrap the “trust solutions” and “consulting solutions” brands in favour of “assurance” and “advisory”. Tax accounted for 26 per cent of the US firm’s revenue before the split....
...The chancellor has a “secret project list” of potential revenue-raising measures for the exchequer, according to Treasury insiders, as he looks for ways to fund cuts to national insurance or income tax rates...
...The Office for Budget Responsibility, which dynamically scores tax changes, agreed that the policy would boost labour supply by the equivalent of 98,000 jobs and would raise the level of economic activity...
...As both parties vie for revenue-raisers, this episode should be a reminder that there is no such thing as a “victimless” tax....
...Chancellor Jeremy Hunt has ordered the UK tax authority to immediately reverse plans to drastically scale back its public helplines, a day after HM Revenue & Customs announced the changes....
...Last year, a debt officer from HM Revenue & Customs turned up at his house unexpectedly to ask how he was going to pay the £200,000 the tax office says he owes. Brown doesn’t know....
...A group of 36 Columbia professors wrote an open letter in February last year to president Minouche Shafik, criticising how little of its endowment revenues it spent on financial aid compared with peers....
...At the end of last year, HMRC’s chief executive Jim Harra told MPs that the tax office needed to reduce the volume of its contact with the public via phone and post by at least 30 per cent of 2021-22 levels...
...Dan Neidle, tax lawyer and founder of Tax Policy Associates, estimated that if HM Revenue & Customs ruled against the Post Office, it could have “underpaid corporation tax by over £100mn, and may no longer...
...The group on Wednesday said that earnings before interest, tax depreciation and amortisation dropped 25 per cent to £93.7mn after a 2 per cent fall in net revenue....
...In the three months until the end of December last year, a total of £38.8mn was repaid to around 13,000 claimants who had overpaid tax when first accessing their pensions, according to new data from HM Revenue...
...In the early stages of negotiations following the executives’ arrest, the office of Nigeria’s national security adviser asked Binance to resolve outstanding tax liabilities, according to documents seen by...
...The Internal Revenue Service said on Wednesday that it was preparing “dozens” of audits of large corporations, partnerships and high-income taxpayers to see if their use of jets had been properly designated...
...The charity must be based in the UK, and recognised by HM Revenue & Customs as bona fide....
...Richard Hughes, chair of the Office for Budget Responsibility, said the body had been asked by the Treasury to “examine the costs and benefits” associated with the tax....
...Tax experts said the increased scrutiny was part of the department’s efforts to maximise tax revenues....
...The latest figures from HM Revenue & Customs, published in July 2023, showed 68,800 individuals claiming to be non-dom, with the majority (57 per cent) unsurprisingly based in London — and tax taken from...
...Reeves said she would work “methodically” to identify funding for Labour’s spending plans after chancellor Jeremy Hunt adopted the party’s revenue-raising measures of scrapping the non-dom tax regime and...
...The tax authority estimates that in the 2021-22 tax year the “tax gap” — the amount that revenue was below expectation — was £35.8bn....
...Whatever the case, the crises of the moment — from climate change to conflict to reskilling the workforce — require more tax revenue....
...The OECD’s most recent comparative study, published in 2021, found inheritance taxes in 2019 accounted for just 0.5 per cent of total tax revenues on average across the countries that levy such taxes, down...
...Also on Hunt’s list of potential revenue raisers are an increase in air passenger duty for business travel, an extension of the windfall levy on oil and gas producers, a tax on vapes and abolishing the furnished...
...Sales of office buildings at La Défense on the outskirts of Paris have collapsed this year as the property downturn hits a business district conceived by the late French president Charles de Gaulle to rival...
...The predictions about how much additional revenue tax havens would receive involved “a higher degree of uncertainty than other results”, the report added....
...unfunded tax cuts....
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