Several countries are willing to consider an Italian proposal of hitting oil
companies with a windfall tax, following growing calls for government action
amid soaring oil and food prices.
Giulio Tremonti, Italy’s newly installed economy minister, suggested at a
meeting with his EU counterparts in Luxembourg the idea of a so-called ‘Robin
Hood’ tax which could be applied to oil companies and used to help those hit
hardest, according to
‘Given the dramatic needs of the lowest social levels, for us this kind of
tax makes sense,’ Tremonti told reporters.
Christine Lagarde, French finance minister, said at the meeing: ‘It’s
certainly an intelligent proposal but the impact and its application have to be
measured, not only in terms of record profits but also in terms of (the impact
on) investment,’ she said.
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
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
HMRC has won its tenth successive case against tax avoidance schemes promoted by NT Advisors. The Court of Appeal has ruled that NT ... read more
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year