tax-administration
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Shell to ‘evaluate’ 25 Billion Pound British Investments After Windfall Tax
Date: November 22, 2022
By Ron Bousso LONDON (Reuters) -Shell said on Monday it will evaluate plans to spend up to 25 billion pounds in Britain over the next decade following the government’s decision to increase a windfall tax on oil and gas producers. “We’re going to have to evaluate each project on a case by case basis,” said...
Explainer-Bracket Creep, Fiscal Drag: How Inflation Warps the Tax Take
Date: November 14, 2022
By Leigh Thomas PARIS (Reuters) – While households struggle to cope with rocketing prices, the inflation spike is good for the taxman because it means there are simply more revenues to tax. But that leaves governments with tough decisions about whether to return those gains or not. Here are some of the ways that higher...
Let’s Get Fiscal – How to Understand R&d Tax Claim Eligibility
Date: November 10, 2022
By Mike Dean, Managing Director, WhisperClaims, Accountancy firms are increasingly recognising the significant potential of providing their clients with an in-house R&D tax claims service. Not only does it offer an additional revenue stream at a time when margins for compliance services are being eroded, but it is a service clients are actively looking for from someone...
Solving the Ongoing Skills Shortage Within the Tax Industry
Date: November 9, 2022
By Russell Gammon, Chief Solutions Officer at Tax Systems The Covid pandemic accelerated a shift in outlook and working practices of businesses in all sectors, not least the finance sector. With the influence of technology and a digital-expert generation of workers, the tax career roadmap is being completely redefined. The importance of digital skills when...
Blow for EU Crackdown on Tax Deals as Fiat Wins Appeal
Date: November 8, 2022
By Foo Yun Chee LUXEMBOURG (Reuters) -Fiat Chrysler on Tuesday won its fight against an EU order to pay 30 million euros ($30 million) in back taxes to Luxembourg, dealing a major setback to EU antitrust chief Margrethe Vestager’s crackdown on sweetheart deals between EU countries and multinationals. In her 2015 decision, Vestager said Luxembourg...
UK Chancellor Jeremy Hunt to Announce a Tax Raid on Inheritance -Telegraph
Date: November 8, 2022
(Reuters) – British Finance Minister Jeremy Hunt is to announce a tax raid on inheritance as he attempts to balance the books in next week’s autumn statement, the Telegraph reported on Monday. The chancellor and Prime Minister Rishi Sunak have agreed to freeze the threshold above which people must pay tax for another two years...