TAX RECEIPTS from financial services have dropped by up to a fifth since the banking crisis, a new study has found.
The figures reveal that corporation tax receipts from financial services stood at £53bn for the year to March 2010, down from the £68bn in 2007, the period just before the crisis gripped the City.
The figures, from a study by PwC for the City of London, are reported in the Financial Times.
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