UK BUDGET: ‘TAX, SPEND & BUILD’
Rachel Reeves, the first female chancellor to deliver a UK Budget, has expanded the size and scope of the British state and ushered in a return of traditional left-right politics. Labour’s first Budget in over 14 years is likely to dampen wages, erode savings, increase inflation in the short-term, and Continue Reading
Tax Justice.UK on Overseas Aid Cuts
Last weekend the world’s biggest economies backed a global minimum corporation tax. G20 finance ministers from countries like China, Brazil, the US, and the UK signed up to the deal. This builds on the agreement reached the G7 summit in Cornwall in June. It’s difficult to overstate just how important this is. Continue Reading
UK and Swiss agreement on tax evasion
The Government is today initiating a historic agreement with Switzerland to tackle offshore tax evasion in an effort to resolve the long-standing abuse of Swiss banking secrecy by those who seek to conceal the proceeds of tax evasion, this measure is expected to secure billions of pounds of unpaid tax Continue Reading
Whole of Government Accounts 2009-10
The Treasury has today published an unaudited summary of the Whole of Government Accounts (WGA) for the year 2009-10. The Government made available the key balance sheet analysis contained in this summary to the Office for Budget Responsibility (OBR) to enhance their analysis of the sustainability of the public finances Continue Reading
Intergration of Tax & NI Systems
The Government has issued a call for evidence as part of its consideration of the integration of the operation of the income tax and National Insurance contributions systems, announced at Budget 2011. This is a preliminary stage of consultation, and aims to build a strong evidence base on the burdens Continue Reading
