tax-administration
Top StoriesUK Budget Think Tank Warns Future PM Against Big Tax Cuts
Top StoriesProposed U.S. Corporate Tax Hike Won’t Save Global Minimum Tax Deal
Top StoriesExplainer-How Could the New U.S. Corporate Minimum Tax Affect Companies?
Top StoriesEu, South Korea Say U.S. Plan for Ev Tax Breaks May Breach WTO Rules
UK Prime Minister Candidate Truss Sticks to Tax Vow Despite Soaring Bills
Date: August 9, 2022
By Susanna Twidale and Kate Holton LONDON (Reuters) -Liz Truss, the frontrunner to be Britain’s next prime minister, stuck to her plan to cut taxes to help households cope with a looming 230% leap in energy prices, despite warnings that lower taxes won’t help those facing increased poverty and destitution. The Bank of England warned...
Italy to Approve $14.5 Billion Package Against Inflation
Date: August 4, 2022
By Giuseppe Fonte ROME (Reuters) – Italy plans to approve on Thursday a new aid package worth around 14.3 billion euros ($14.5 billion) to help shield firms and families from surging energy costs and consumer prices, government officials said. The scheme, one of the last major acts of outgoing Prime Minister Mario Draghi before a...
Spanish Ruling Coalition Proposes Windfall Tax on Utilities and Banks
Date: July 28, 2022
By Christina Thykjaer and Jesús Aguado MADRID (Reuters) – Spain’s leftist ruling coalition introduced a draft bill on Thursday to create a temporary tax on banks and power utilities, aiming to raise 7 billion euros ($7 billion) by 2024 to fund measures to ease cost of living pressures. “There is no social justice without fiscal...
Trailing in UK Leadership Race, Sunak Pitches Energy Bill Tax Cuts
Date: July 27, 2022
By Andy Bruce LONDON (Reuters) -Rishi Sunak, trailing in the race to become Britain’s next prime minister, pledged on Wednesday to temporarily scrap taxes on energy bills paid by households as part of a “winter plan” to ease the cost-of-living crisis. The year-long hiatus on paying value-added tax (VAT) on energy bills would save the...
Race to Lead UK Heats Up, Ex-Finance Minister Sunak’s Lead Narrows
Date: July 19, 2022
By Elizabeth Piper, Alistair Smout and Kylie MacLellan LONDON (Reuters) -British former finance minister Rishi Sunak held on to his lead on Tuesday among Conservative lawmakers in the race to replace Boris Johnson as prime minister, but his two remaining rivals were closing the gap, leaving the race wide open. In a vote among Conservative...
UK’s Sunak Says Inflation, Not Tax Cuts, Are Priority
Date: July 14, 2022
LONDON (Reuters) -British former finance minister Rishi Sunak said his first economic priority if he becomes prime minister will be tackling high inflation, not the tax cuts pledged by some of his rivals in the race to replace Boris Johnson. British consumer price inflation hit a 40-year high of 9.1% in May, and the Bank...