Originally, the body responsible for running London’s financial district planned to levy a 1% tax on businesses to pay for more police officers and an extension of the City?s ‘ring of steel’ to the west of the Square Mile.
Now this has been cut to 0.75% following consultation. CoL policy chairman Michael Snyder said people were concerned the government was not meeting the full cost of the measures.
‘With a fairly difficult economic climate evolving, we’re trying to reduce the impact of the rise,’ he was reported saying.
Does Darwin's theory apply to taxation? Colin ponders...
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
Accountancy watchdog the FRC has dropped its investigation into the former chief financial officer of Tesco, nearly two years after the supermarket was engulfed in an accounting scandal
Colin imagines how Apple's logo might change in the wake of the EC's ruling over its Irish tax arrangements