Tag: taxes

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Local elections: ‘It’s Partygate versus low council taxes’

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In many ways, the London borough of Wandsworth is a paradigm of the modern city. On one hand, it is a place where a teenager recently fainted from hunger in a food bank queue. And on the other, it is home to the “sky ...

Tax the rich: these one percenters want people like them to pay higher taxes

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The sound system played Pink Floyd’s Money as the Patriotic Millionaires assembled in the boutique Eaton hotel in Washington DC last week. After compulsory Covid tests there was a lot of well-heeled hugging and laught...

Tories fear poll disaster over high taxes

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The chancellor, Rishi Sunak, is facing a growing Tory revolt over economic policy and his handling of the cost of living crisis, as senior Conservatives warn that high taxes will fatally undermine their party’s appeal...

The Guardian view on windfall taxes: an idea whose time has come again

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Windfall taxes are nothing new. Margaret Thatcher’s government was one of the most notable users of the tactic – with one-off levies on banks and oil companies for making excess gains in the early 1980s. Perhaps the f...

PM must commit to low taxes or risk losing next election, says David Frost

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Boris Johnson’s former Brexit minister who quit last month has warned him to commit to low taxes and the free market or risk losing the next election, as the prime minister comes under continuing pressure from the Con...

Lesson number two: Japan enlists Prof Poo to teach children about paying taxes

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Japan’s government is hoping that children’s fascination with bodily functions will help them appreciate the importance of paying taxes when they reach adulthood. Years after he fuelled huge sales of school textbooks,...

Tory MP faces bankruptcy over unpaid taxes and may have to step down

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A Conservative MP is facing bankruptcy proceedings over unpaid taxes that could result in him having to step down. In a fresh blow for Boris Johnson’s embattled party, court records show a petition for bankruptcy has ...

The Tories know that the NHS timebomb means taxes must rise further still

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Back in the days when they couldn’t win an election to save their lives, despairing Tories would comfort themselves with the idea that the facts of life were still Conservative. Sure, New Labour was in power. But it c...

Why are UK banks making so much money and why are their taxes being cut?

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UK banks have so far reported bumper profit rises in the third quarter, which they say reflects improving economic forecasts. Other sectors do not seem to be reaping the same benefits, particularly in light of the unc...

Higher taxes could leave low-paid frontline workers £1,000 worse off

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Higher national insurance payments will leave low-paid frontline workers potentially more than £1,000 a year worse off, while also depriving firms of the cash needed to invest, according to the latest analyses. The co...

Jeff Bezos is on a quest for eternal life – back on Earth, we’re searching for Amazon’s taxes

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On the one hand, it makes huge sense for Jeff Bezos to pour millions into a company seeking the secret to eternal life. Karmic reincarnation may only be an outside possibility. But Jeff should hedge against the likeli...

US’s wealthiest 1% are failing to pay $160bn a year in taxes, report finds

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The wealthiest 1% of Americans are responsible for more than $160bn of lost tax revenue each year, according to a new report from the US treasury. Natasha Sarin, deputy assistant secretary for economic policy, said: “...

Monday briefing: Johnson to do battle over raising taxes

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Hello, Warren Murray with the first things to know on the first workday of the week. Boris Johnson faces a battle with his cabinet and MPs over manifesto commitments on tax and pensions and a cabinet reshuffle as par...

Offsets being used in Colombia to dodge carbon taxes – report

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Forest protection carbon offsets that may have no benefit to the climate have been used by polluters to avoid paying carbon taxes in Colombia, according to a report. In 2016, a levy of about $5 (£3.60) was introduced ...

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