TAX

March 7, 2024
Could lacklustre Spring Budget drive people out of UK? premium
Dissecting the Spring Budget Chancellor Jeremy Hunt’s Spring Budget is a flop. A flop that I believe will help to drive people and investors out of Britain. Wednesday’s Budget is the Chancellor’s fourth fiscal event, just over three months after last year’s autumn statement. As I was quoted by London Loves Business, The Banker, Private Banker International, Trust Net, Elite Business Magazine, and Birmingham Mail, amongst other media, Read More
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November 23, 2023
Hunt’s Autumn Statement 2023, full of missed opportunities? premium
UK Chancellor Jeremy Hunt delivered the Autumn Statement 2023 on Wednesday in the House of Commons, which I believe is lukewarm and insufficient to shift the Conservatives’ political narrative. This was Hunt’s key opportunity outside of the Budget to unveil tax and spending announcements, and considering Labour are 20 points in front in the polls, it was one of the last chances for the government to change the narrative for the Tories before the general Read More
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June 7, 2017
Time to bid farewell to citizen-based taxation policy in the U.S. premium
Grover Norquist, the influential President of Americans for Tax Reform has recently sent a letter to Congressman Kevin Brady, Chairman of the House Ways and Means Committee, endorsingRepublicans Overseas' Territorial Taxation for Individuals proposal. Grover Norquist, the influential President of Americans for Tax Reform has recently sent a letter to Congressman Kevin Brady, Chairman of the House Ways and Means Committee, endorsingRepublicans Overseas' Read More
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Tax
February 9, 2017
IRS can rescind U.S. citizens’ passports for outstanding taxes premium
It is not just citizens from Muslim-majority countries who are now facing a U.S. travel ban. New rules could also see American citizens soon being prohibited from international travel, by having their passports withdrawn for unpaid taxes. The IRS has published information on its website that details the new powers to revoke American passports as a result of outstanding taxes. It is not just citizens from Muslim-majority countries who are now facing a U.S. Read More
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Tax
April 13, 2016
The moral aspect of low taxes premium
British Prime Minister David Cameron has this week publicised his tax returns.  The unprecedented move follows the furore surrounding the so-called Panama Papers allegedly incriminating his late father’s investment fund in claims of tax avoidance. Following suit in revealing their tax details were Chancellor, George Osborne; Labour leader, Jeremy Corbyn; and shadow chancellor, John McDonnell. British Prime Minister David Cameron has this week publicised his tax returns.  The unprecedented move follows the furore surrounding the so-called Panama Papers Read More
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Tax
January 20, 2016
Chancellor’s tax attack on pensions will hit middle class savers the hardest premium
Middle class savers must act now on their retirement savings before George Osborne introduces the flat-rate of pension tax relief. The Chancellor, it is reported, is planning a dramatic overhaul of the pension tax relief system by implementing a flat-rate of between 25 and 33 per cent. Middle class savers must act now on their retirement savings before George Osborne introduces the flat-rate of pension tax relief. The Chancellor, it is reported, is Read More
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October 21, 2015
Final salary pensions raid will lead to rise in pension transfers out of Britain premium
Should the government go ahead with a major raid on final salary pensions, it will almost certainly trigger a significant increase of pension transfers out of Britain. Government ministers have reportedly held recent secret meetings with the pension industry, where plans were suggested to cut the limit on final salary (defined benefit) schemes by as much as 25 per cent. Should the government go ahead with a major raid on final salary pensions, it will almost Read More
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March 17, 2015
U.S. Senator applauds Ireland’s economic growth premium
It’s St. Patrick’s Day and, in a timely fashion, Johnny Isakson, a Georgia-based Republican Senator, has come out in praise of Ireland for nurturing economic growth through its competitive tax policy. Mr Isakson, a member of the U.S. Senate finance committee which draft U.S. tax laws, commended Ireland’s 12.5 per cent tax rate and encouragement of businesses to establish operations in the country. It’s St. Patrick’s Day and, in a timely fashion, Johnny Isakson, a Read More
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Tax
February 6, 2015
PwC are right to defend their tax avoidance stance premium
Quite rightly, PwC, one of the so-called ‘Big Four’, is hitting back at conclusions drawn by the Public Accounts Committee (PAC) in a report released today.  The document says the accountancy mega-group is offering tax avoidance schemes on “an industrial scale.” Quite rightly, PwC, one of the so-called ‘Big Four’, is hitting back at conclusions drawn by the Public Accounts Committee (PAC) in a report released today.  The document says the accountancy mega-group is Read More
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Tax
January 12, 2015
The latest vow to slash Inheritance Tax premium
In an interview with The Sunday Times - and in a clear attempt to court pensioners and home owners - Chancellor George Osborne has pledged to slash inheritance tax (IHT). In an interview with The Sunday Times - and in a clear attempt to court pensioners and home owners - Chancellor George Osborne has pledged to slash inheritance tax (IHT). Read More
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