President George Bush is planning to give US citizens $500 (£255) cheques in
an attempt to boost the economy.
Companies could also get one-off rebates, as the White House plans to give
$100bn (£51bn) back in tax cuts.
papers reported that the government is mulling the extraordinary move as it
deals with recession fears.
Companies might get tax rebates for investment in equipment.
Analysts suggested it would have a negligible impact.
‘A one-off tax rebate of, say, £75bn would have a negligible impact, since it
represents just a shade over 0.5% of GDP. A permanent tax cut of that amount
would be much more effective,’ said Lou Crandall, chief economist at Wrightson
ICAP, a research firm.
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...