Budget 2019 announced for week after possible no-deal Brexit | UK news

Budget 2019 announced for week after possible no-deal Brexit | UK news

Sajid Javid has announced the government will hold a budget on 6 November, less than a week after a possible no-deal departure from the EU. In an attempt to ramp up pressure during 11th-hour Brexit talks and as an election looms, the chancellor said the set-piece tax and spending event would be the first since […]

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Facebook tax dodge technically legal but morally abhorrent - Voice of the Mirror - Voice of the Mirror

Facebook tax dodge technically legal but morally abhorrent – Voice of the Mirror – Voice of the Mirror

Here is one story that nobody is going to like on Facebook. The social media giant had UK revenues of £1.65billion last year but paid just £28.5million in tax. You do not need to be a maths expert to realise that Facebook is taking the British taxpayer for a massive ride. The company uses clever […]

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Facebook under fire over 'outrageous' tax bill - despite record £1.6bn turnover

Facebook under fire over ‘outrageous’ tax bill – despite record £1.6bn turnover

The UK arm of Facebook paid just £28.4million in corporation tax last year – despite notching a record turnover of £1.6billion. The subsidiary was boosted by cash from big advertisers, booked here rather than abroad since 2016 after the social media giant caved in to pressure. But while its tax bill was up from £17.2million […]

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Lionel Messi confirms he wanted to leave Barcelona and had opened door to other clubs

Lionel Messi confirms he wanted to leave Barcelona and had opened door to other clubs

Lionel Messi has confirmed he wanted to leave Barcelona – and even opened the door to a transfer away. The Barcelona legend joined the club in 2001 and has remained loyal for 18 years, but says there were points in 2013 and 2014 in which his head was turned. Messi was embroiled in a tax […]

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I'm thinking about getting married – will I get hit with more tax? | Money

I’m thinking about getting married – will I get hit with more tax? | Money

Q My long-term partner and I are thinking about getting married, mainly as we are worried that if one of us dies suddenly, the other will face an inheritance tax bill as what we would leave to the other would exceed the inheritance tax threshold of £325,000. This seems a no-brainer as I own a […]

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Raising taxation on Internet slows economic growth

Raising taxation on Internet slows economic growth

By BITANGE NDEMOMore by this Author There is a strong relationship between good fiscal policies and economic growth. This isn’t an opinion but a view supported by several research initiatives. It is also something that I have experienced in the past as a policy maker. Two new reports, WHEN THE PEOPLE TALK: Understanding the impact […]

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Inheritance tax would be scrapped by the Brexit party – good news for the very rich | Torsten Bell | Opinion

Inheritance tax would be scrapped by the Brexit party – good news for the very rich | Torsten Bell | Opinion

There are bad ideas, really bad ideas, and there’s abolishing inheritance tax. This is the new top priority announced by the Brexit party – one of only two policies it has beyond Brexit. Scrapping inheritance tax is a very expensive pledge: it raised £5.3bn for the Treasury last year. And it’s particularly expensive when there’s […]

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How to stop the disastrous decline of high street shops | Letters | Business

How to stop the disastrous decline of high street shops | Letters | Business

Re your report (Retailers urge ministers to step in as high street store closures soar, 11 September), a scheme to address the unfair competition from online retailers, the dead weight of fixed business rates, which bear no relationship to the business’s ability to pay, and the salting away of profits in Luxembourg by multinationals is […]

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Eton could be forced to pay millions more in business rates under Labour government

Eton could be forced to pay millions more in business rates under Labour government

Private schools would start paying tax on fees and business rates under a Labour government, a leaked document suggests. Fee-paying schools – like Eton College, where Boris Johnson and David Cameron went to school – have long benefited from cosy tax breaks because they are granted charitable status by the Government. Jeremy Corbyn has long […]

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Rubens and Hirst artworks go to British museums in tax deals | Culture

Rubens and Hirst artworks go to British museums in tax deals | Culture

A magnificent Rubens painting of the Holy Roman emperor Charles V, a disturbing Damien Hirst sculpture of a decapitated, flayed pregnant woman, and volumes of important 19th-century watercolours of orchids are among an eclectic and record-breaking list of treasures accepted for the nation. Arts Council England (ACE) on Thursday published details of 46 objects and […]

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