Oil companies are to be hit with a US tax rise to help deal with the fallout
and clean-up from the massive oil spill in the Gulf of Mexico.
President Obama is rushing through legislation to add a further one cent tax
per barrel of oil. The money will be used to swell the coffers of the Oil Spill
Liability Trust Fund to the tune of $500m (£340m) over ten years, reports
The president has already detailed a $118m spending plan to provide financial
assistance to those affected by the disaster and help monitor its impact. BP is
expected to pick up the largest share of the costs for the plan.
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