Cable weighs in to charity tax row
The business secretary has criticised the government's plans to cap charitable donations
The business secretary has criticised the government's plans to cap charitable donations
VINCE CABLE has added his voice to the growing criticism of the government’s plans to introduce a cap on charitable giving.
Cable said that while he saw the importance of preventing tax avoidance, a balance needed to be struck between clamping down and “encouraging” charitable donation.
He also said he was “sympathetic” with universities’ concerns that funding for research and scholarships could be hit.
A spokesman for the business secretary said that Cable – who also administers higher education – was discussing the potential impact with the universities.
More about:
In the past decade, the professional services industry has transformed significantly. Digital disruptions, increased competition, and changing market ...
View resourceIn recent months, professional services firms are facing more pressure than ever to deliver value to clients. Often, clients look at the firms own inf...
View resourceIn a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...
View resourceThe first phase of Making Tax Digital (MTD) saw the requirement for the digital submission of the VAT Return using compliant software. That’s now behi...
View resourceBritain will continue to attract investment by reducing corporation tax by 5%, Osborne reveals Read More...
View articlePanama Papers anonymous whistleblower 'John Doe' reaches out to government authorities, and has called on global powers to 'end financial secrecy' Rea...
View articleUK-led beneficial ownership plans adopted in over 20 jurisdictions, including Gibraltar, Isle of Man and Montserrat Read More...
View articleNations that defy international tax agreements should be listed and punished accordingly, Osborne suggests Read More...
View articleOsborne delivers ‘another hammer blow’ to offshore tax evasion by announcing data partnership with biggest European economies Read More...
View articlePrime minister set to make announcement on companies which encourage tax evasion, while he launches joint taskforce with HMRC to deal with Panama Pape...
View articleGeorge Osborne's Budget on 16 March had no discernible theme, write Robert Maas Read More...
View articleTax experts say the reform will come as an 'unexpected shock' for the real estate market Read More...
View article