5 h. ago A reckless splurge we (and our children) will be paying off for years: Voters brace for tax hikes as Rachel Reeves embarks on unprecedented spending spree

In a return to Labour's tax-and-spend approach, the Chancellor set out plans to 'invest' a staggering £4 trillion to fund 'the renewal of Britain'.

Economics

61 h. ago HMRC ramps up special investigations into the wealthy with AI and helps it claw back £1.5bn in tax in ONE YEAR

HMRC more than doubled the amount of tax coffers it raked in via special investigations in the tax year ending 5 April 2024.

Economics

3 d. ago Executives converge on Washington to halt Trump’s foreign investment tax

Global companies lobby lawmakers to reject extra levies on countries deemed to treat US unfairly

Politics

5 d. ago UK special investigations team doubles tax haul in crackdown on the rich

HMRC department raised £1.5bn in 2023-24 tax year

Economics

6 d. ago Tesla stock plunges as Musk's feud with Trump over GOP tax bill spooks investors

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

2 w. ago Musk is pivoting from DC and Doge’s failures – and wants investors to know

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

3 w. ago Government issues ISA tax relief update after investments query

Savers can currently deposit up to £20,000 a year into ISAs

Politics

3 w. ago London reportedly loses 30,000 millionaires as tax clampdown bites

London reportedly loses 30,000 millionaires as tax clampdown bites  Proactive Investors

Economics

4 w. ago Former footballers claim ‘financial grooming’ took them to ‘hell and back’

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