Lloyd’s of London chairman Lord Levene has again called on the government to
revise the corporate tax regime to protect the business.
Lloyd’s, which is regarded as the main market for insurance, faces pressure
from insurers moving offshore due to take advantage of more attractive tax
‘Companies are not going to redomicile overnight but, if we can see the
threat coming, then the Government must act on it,’ said Lord Levene, reported
the Daily Telegraph.
Lloyd’s saw its interim profits fall by half to £949m for the six months
ending 30 June, compared to £1.8bn 12 months earlier.
A drop in investment and increased claims dragged profits down, it said.
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