Liberal Democrat leader Nick Clegg is set to enter the debate on tax today
with a speech demanding that loopholes for the City be scrapped and that
corporation tax should be cut instead.
Financial Times Clegg will acuse the Treasury of creating unnecessary
loopholes for the City which effectively amount to tax avoidance. However, it
remains unclear which loopholes Clegg has in mind.
Clegg will however say during his speech to financial services grandees at
the Gherkin, that the Lib Dem policy of 50% income tax for high earners has been
abandoned, but will emphasise that 40% should mean 40%.
Does Darwin's theory apply to taxation? Colin ponders...
The UK tax gap fell in 2014-15 to its lowest-ever level of 6.5%, revealed official statistics published today
Changes to the tax system is urged to support the growth of entrepreneurs, found a report from the Grant Thornton UK, the Institute of Directors, and the Prelude Group
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states