Business secretary Vince Cable warned that the government could impose more
taxes on banks if they fail to deal with the excessive bonus culture and
continue to restrict lending.
Following on from deputy prime minister Nick Clegg’s
speech at the Liberal Democrat conference in Liverpool, where Clegg
threatened banks with another bonus tax, Cable said that he and chancellor
George Osborne are looking at ways to curb excessive behavior and increase
lending, and “potentially the use of taxation” could be one method implemented.
Cable is expected to hit out at banks in his speech to the conference today
(22 September) and announce a consultation on executive pay and the role of
directors in takeover battles, reports
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed