Barack Obama is mulling over a taxing on US banks, following the government’s
financial support for them.
The US president is considering his options around a tax on banks as Wall
Street institutions line up a round of bonuses.
However he is not expected to look at a banking bonus tax, and a tax on
financial transactions is unlikely.
Instead, he may opt for increasing corporation tax, a tax on the size of the
firm’s balance sheet or a slice of their overall payroll, reports the Daily
Making Tax Digital will impose significant additional tax compliance costs on small businesses for little or no medium term benefit, tax and small business experts told MPs
MHA MacIntyre Hudson has partnered with cloud accounting software provider Xero ahead of the government’s requirement for digital records
The drive towards a fully digital tax regime is an admirable one, but mandation is simply wrong, according to one of the UK's most senior tax technology practitioners - Paul Aplin
Does Darwin's theory apply to taxation? Colin ponders...