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UK’s Reeves Announces Rise in Capital Gains Tax for Most Assets
Date: October 30, 2024
By Alistair Smout LONDON (Reuters) – British finance minister Rachel Reeves on Wednesday said capital gains tax for most assets would increase to 18% from 10% at the lower rate and increase to 24% from 20% for higher earners, saying changes to the regime would raise 2.5 billion pounds. The increase in capital gains tax...
UK’s Reeves Raises Employers’ National Insurance Contributions
Date: October 30, 2024
LONDON (Reuters) – Finance minister Rachel Reeves said on Wednesday she would raise employers’ social security contributions to 15% from April, a major revenue raiser for a budget the government hopes will kick-start moves to turn around a flagging economy. Britain’s Labour government has long said those with the “broadest shoulders” should do more to...
Britain’s Starmer Says Tax Rises Are Needed to Avoid Austerity
Date: October 29, 2024
By Alistair Smout LONDON (Reuters) -British Prime Minister Keir Starmer said taxes needed to rise to rebuild public services and fix the foundations of the economy, and he challenged his critics to spell out how they would tackle the country’s “unprecedented” problems. On Wednesday, finance minister Rachel Reeves will set out her first tax...
Britain’s Starmer Says Tax Rises Are Needed to Avoid Austerity
Date: October 28, 2024
By Alistair Smout LONDON (Reuters) -British Prime Minister Keir Starmer said taxes needed to rise to rebuild public services and fix the foundations of the economy, and he challenged his critics to spell out how they would tackle the country’s “unprecedented” problems. On Wednesday, finance minister Rachel Reeves will set out her first tax and...
Britons With Shares Can Be Considered ‘working People’ Too, PM’s Office Clarifies
Date: October 25, 2024
LONDON (Reuters) – Britons who own shares or property can be considered “working people” too, Prime Minister Keir Starmer’s office clarified, after he suggested they wouldn’t fit his definition of the phrase ahead of a budget next week. As the government warns it will need to take difficult decisions at the Oct. 30 budget to...
German Tax Revenue Rose 6.9% in September
Date: October 22, 2024
BERLIN (Reuters) – Germany’s federal and state governments’ tax revenues rose 6.9% in September compared with the same month last year, the finance ministry said on Tuesday. The federal and state governments’ tax revenue reached a total of 86.2 billion euros ($93.54 billion) last month, according to the ministry’s monthly report. This follows a...