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...But a further 2p cut to NICs in the autumn would cost more than £9bn and be dependent on Hunt’s fiscal room for manoeuvre as judged by the Office for Budget Responsibility, the independent fiscal watchdog...
...The company reported increased revenue and record visitor numbers, with 1.3mn people coming to the estate each week on average....
...Tax accounted for 26 per cent of the US firm’s revenue before the split. Griggs said that having tax under one umbrella reflected how clients bought services from PwC....
...At the federal level, there is a record $688bn tax gap of uncollected revenue that needs to be closed. The IRS has finally begun to make real progress on enforcement in this area....
...“Personal use of corporate jets and other aircraft by executives and others have tax implications, and it’s a complex area where IRS work has been stretched thin,” IRS commissioner Danny Werfel said in a...
...US tax officials have launched a campaign to audit executives’ personal use of corporate jet flights as spending on aircraft perks for chief executives hits record levels....
...The software company said on Wednesday that it had received notices from the IRS seeking to adjust its tax liability for the decade between 2004-13....
...In today’s newsletter: Goldman’s internal turbulence A UK retail billionaire battles Morgan Stanley The IRS looks to tax private jet travel Goldman: will the real co-head please stand up Not all co-heads...
...Microsoft has received a demand for $28.9bn in back taxes from the US Internal Revenue Service, marking an escalation of one of the biggest-ever corporate tax disputes....
...The Internal Revenue Service had temporarily stopped sending postal reminders to pay overdue tax bills, and as many as 4.7mn taxpayers could have been affected....
...The extra repayment hinges on whether the Internal Revenue Service, the US’s tax agency, agrees to subordinate its own claim for unpaid tax, which would have seen the IRS’s claim prioritised ahead of FTX...
...In some cases, brokers say, companies have been able to buy insurance to cover more than $1bn of tax payments in the event they lose a dispute with the US Internal Revenue Service....
...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....
...It is not a pure Laffer effect where the tax cut boosts economic activity to a level sufficient to raise revenues from that tax....
...HM Revenue & Customs on Tuesday announced that starting next month it would permanently cut the number of telephone lines available to provide taxpayers with help for self-assessment tax returns, VAT and...
...While we’re on the subject of the IRS, the tax agency was blasted by bankrupt exchange FTX this week for chasing billions of dollars in tax liabilities from the collapsed trading venue....
...Labour’s plans would “give HMRC the resource it needs to go after those who are avoiding or evading tax, and to modernise the tax office so we have a system that is fit for purpose”, Reeves will say....
...At the start of the week, the Labour party had four major sources of additional tax revenue....
...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...
...Instead, the tax office was telling callers to use its digital services where they are available and redirecting them to online guidance....
...Britain will lose £15bn in motoring tax revenues by 2029, according to the country’s fiscal watchdog, underscoring the need to raise or replace the fuel duty after consecutive Conservative governments have...
...Tax authorities alleged that Binance, which is unregulated in Nigeria, has not filed tax returns nor paid value added or corporation tax, according to a statement by the country’s Federal Inland Revenue...
...Freezing the fuel duty levy, which the UK Office for Budget Responsibility says will cost £15bn in lost revenues by 2029 (Report, March 18), has been Conservative policy since 2011....
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