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...So-called carried interest — the cut of gains private equity investors make on successful deals — has come under increasing scrutiny in the UK after the Labour party pledged to increase taxation of the incentive...
...But he added: “We can now help families not just with temporary cost of living support but with permanent cuts in taxation....
...But if the global corporate taxation system is to become fit for the 21st century then this initiative, too, needs to move from agreement in principle to finally being implemented....
...Rules setting a minimum level of taxation for these businesses will start applying in jurisdictions across the world....
...Instead, governments should underwrite success by adopting a holistic approach to demand generation, taxation, vehicle availability, infrastructure deployment and the grid....
...Sunak also insisted it was not a mistake to pledge to “stop the boats” given that tens of thousands of people have arrived in the UK on small boats since he made the commitment....
...Indeed, the cumulative burden of regulation and taxation matters when places like Dubai are luring professional services expats with tax-free salaries....
...This could include introducing key concepts of taxation as part of the national curriculum....
...Real estate groups are lobbying the Treasury to row back on changes to property taxation in England that would see investors in rental housing pay more tax on deals....
...Ellen Milner, director of public policy at the Chartered Institute of Taxation, which has 19,000 members, said HMRC’s digital services “aren’t yet good enough” and need to be improved to enable the tax office...
...Consider the three classical factors of production — capital, land and labour. It is the first two which should bear the brunt of taxation, not, as at present, labour....
...Energy revenues, which make up a third of Russia’s total budget earnings, surged almost 80 per cent to Rbs2.9tn, fuelled by high oil prices and one-off payments from energy exporters due to taxation changes...
...Very few Conservative MPs will say privately “I want to keep the current levels of spending and taxation where they are or lower, and as such I am not that bothered about tens of thousands of people coming...
...An advantage of having an adviser or private banker at the hub of your financial world is that much of this information is already held in a professional data system....
...It may thus be time to acknowledge that corporate taxes are no longer an adequate concept and alternative modes of taxation should be studied....
...No longer will the UK base taxation on the antiquated concept of domicile — a highly subjective notion of where someone is settled, which can depend on factors including where a person’s father was born...
...The new system of taxation will still raise more in future than it did in the past. So, the tax burden is going up, but not as fast as was expected before the chancellor stood up today....
...Removing the old fashioned concept of “domicile” from UK taxation is a radical and welcome change, but Conservative and Labour parties are collectively making a bodged job of this by announcing policy on...
...of electric vehicle taxation, such as increasing VAT on battery car purchases....
...A 2022 report from the Office of Tax Simplification found that the rules benefit a “relatively small core of people running a substantial short-term letting business, and a long tail of second-home owners...
...ED: I think there is clear political momentum for a minimum taxation of the super-rich....
...Sunak confirmed the long-term ambition, telling the BBC presenter Jeremy Vine on Thursday there was an “element of double taxation for people in work versus everyone else”....
...investment without extra taxation....
...lack of supportive fiscal and budgetary mechanisms capable of correcting supply side costing failures....
...Senga Prior, chair of the technical steering group at the Association of Taxation Technicians, another professional body, called the decision to close the VAT helpline for most of the year “baffling”....
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