The controversial financial transaction tax (FTT) debate may now take another turn, as the European countries pushing for the tax appear to be redesigning their plans in the face of international opposition.
Nine more countries have signed up to an agreement to automatically exchange tax information, help foreign nations to clamp down on tax debtors and allow countries to conduct wide-ranging joint multiparty tax investigations.
As the taxman continues with its crackdown on tax evasion, it has been reported that the latest organisations to fall onto HMRC’s radar are small cricket clubs.
House prices in May saw the sharpest rise in a single month since May 2007, with valuations driven up primarily by prices in London and the South East, according to figures from leading property analysts.
The British Bankers’ Association (BBA) has revealed that savers are continuing to make deposits despite interest rates being as low as 0.1 per cent after tax.
The Prime Minister David Cameron has hailed a Europe-wide agreement on tackling tax avoidance as a “turning point” after EU leaders agreed yesterday (May 22nd) that countries should work together to ensure more transparency and backed US-led efforts to develop