4 d. ago Trump boots IRS commissioner after just months on the job: Names Treasury Secretary as interim head

The former Missouri congressman had next to no experience with tax law when he was tapped to lead the tax collection agency

Politics

5 d. ago College endowment tax is leading to hiring freezes and could mean cuts in financial aid

An increase in the tax on university endowments is creating financial challenges for the wealthiest U.S. colleges

Economics

5 d. ago Scottish Secretary Ian Murray gives wealth tax verdict as deputy prime minister Angela Rayner pushes for move

The Scottish Secretary said a tax on the highest income earners would lead to ‘flight’ of wealthier people abroad.

Politics

7 d. ago Keir Starmer urged to give tourist tax powers to local leaders to boost public services

Greater Manchester Mayor Andy Burnham has previously called for a mandatory 'tourist levy' for those visiting the city with Edinburgh already set to introduce a charge

Politics

3 w. ago Rachel Reeves' £20bn tax raid leads to thousands of job losses as wage growth cools

Thousands of jobs were lost in June, according to official data, as Chancellor Rachel Reeves' £20bn tax raid led to a cooling in wage growth and put the Bank of England under further pressure

Economics

4 w. ago Watchdogs insist reducing regulation will not increase risk of financial crisis

MPs raised concerns that a move to cut red tape typically comes before major financial turmoil.

Events

4 w. ago Reeves unveils City strategy aimed at cutting red tape and fuelling UK growth

‘Leeds Reforms’ include streamlined accountability for senior bankers and a campaign to get more consumers investing in stock marketBusiness live – latest updatesRachel Reeves has unveiled a package of City changes meant to cut “unnecessary” red tape and encourage more financial risk-taking by companies and consumers in the hopes of spurring economic growth.In a financial services strategy dubbed the Leeds Reforms, the chancellor outlined initiatives designed to boost the financial services sector, including plans to cut “unnecessary costs” related to accountability rules for senior bankers, and to launch an advertising campaign to get consumers investing cash savings in stocks. Continue reading...

Politics

4 w. ago Reeves unveils City reforms aimed at cutting red tape and fuelling UK growth

Leeds Reforms include streamlined accountability for senior bankers and a campaign to get more consumers investing in the stock marketBusiness live – latest updatesRachel Reeves has unveiled a package of City reforms meant to cut “unnecessary” red tape and encourage more financial risk-taking by companies and consumers in the hopes of spurring economic growth.In a financial services strategy dubbed the Leeds Reforms, the chancellor outlined initiatives designed to boost the financial services sector, including plans to cut “unnecessary costs” related to accountability rules for senior bankers, and to launch an advertising campaign to get consumers investing cash savings in stocks. Continue reading...

Politics