HMRC more than doubled the amount of tax coffers it raked in via special investigations in the tax year ending 5 April 2024. Economics
Global companies lobby lawmakers to reject extra levies on countries deemed to treat US unfairly Politics
HMRC department raised £1.5bn in 2023-24 tax year Economics
Shares of Elon Musk’s electric vehicle maker are falling sharply Thursday as investors fear his dispute with Donald Trump could end up hurting the company Economics
The billionaire mogul is signaling far and wide that he’s back to business, and even criticizing Trump’s tax billElon Musk really wants the public – and investors – to know that he’s leaving Washington DC behind.In a series of interviews and social media posts this week, Musk has criticized Donald Trump’s marquee tax bill and emphasized his recommitment to leading SpaceX, Tesla and the artificial intelligence company xAI. The world’s richest person claimed that he was back to working around the clock at his companies – to the point of sleeping in conference rooms and factory offices once again. Continue reading... Economics
Savers can currently deposit up to £20,000 a year into ISAs Politics
London reportedly loses 30,000 millionaires as tax clampdown bites Proactive Investors Economics
HMRC pursued former players over failed investmentsDanny Murphy and Brian Deane among those involvedPoliticians, campaigners and former footballers have protested at the “financial grooming” of Premier League stars who claim they were persuaded to put their money into failed investment schemes that led to them being accused of tax avoidance and faced with enormous penalties from HM Revenue & Customs.A host of peers, MPs, lawyers and experts in policing and tax laws gathered in Westminster on Monday night to hear from alleged victims of investment and pension fraud and their subsequent treatment by HMRC. Continue reading... Politics
