Tag: taxes

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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 ...

Making sure the ‘big people’ pay their taxes would be a boost to democracy

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In June 2016, while researching an article for Vanity Fair, I asked Donald Trump if he was using tax havens to escape tax. “I know a lot about tax havens, but I don’t use them,” he told me. “There is greater incentive...

If British people understood taxes better, perhaps we would vote for them to be fairer

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Tax is the social contract that binds citizens together. Tax is not a “burden”, but the price we pay for civilisation. Vaccines are just the latest reminder of the good that taxes do. But what if most people – even th...

US sets – and quickly suspends – tariffs on UK and others over digital taxes

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The Biden administration announced 25% tariffs on over $2bn worth of imports from the UK and five other countries on Wednesday over their taxes on US technology companies, but immediately suspended the duties to allow...

Victorian treasurer takes swipe at ‘elitist’ men’s only clubs as budget lifts property taxes

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The Victorian government has taken a swipe at exclusive men’s only clubs, announcing plans to strip them of land tax concessions traditionally afforded to charities and social associations. Victoria’s treasurer, Tim P...

Bitcoin tumbles after reports Joe Biden will raise taxes on rich

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Speculators in Bitcoin have been left nursing heavy losses after reports Joe Biden is planning to raise taxes on the wealthiest Americans to tackle inequality and finance trillions of dollars in higher social spending...

New Zealand raises minimum wage and increases taxes on the rich

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New Zealand is raising its minimum wage to $20 an hour and increasing the top tax rate for the country’s highest earners to 39%. The changes will be rolled out on Thursday, alongside small increases to unemployment an...

Biden’s Covid relief means small businesses can save big on taxes in 2021

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Thanks to the stimulus programs, there are now five ways small can save big on their taxes in 2021 … and even get money back. The signing of the American Rescue Act this week means that more than $5tn has been spent ...

A strong case for raising taxes on the wealthy Letters

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It was reassuring to read in James Johnson’s article (Tax rises are no longer taboo in the UK. The party that grasps this could reap huge rewards, 25 February) that polling shows a big swing to a majority who now “wan...