A harp is a piano after tax
Matt Frei blogs on the complicated, but usually less costly tax system in the US.
“This is what the government means when it talks about ‘increased staffing levels’ – that the cut is not quite as deep as first envisaged.”
As MPs debate George Osborne’s budget, the National Pensioners Convention lobbies parliament over cuts to older people’s tax allowances.
The Channel 4 News FactCheck team looks at how three generations have fared financially – from the baby boomers to today’s school leavers.
Estimates used by Chancellor George Osborne to justify axing the 50p top tax rate are “highly uncertain”, an influential group of MPs has warned.
People who use charities as a front to avoid tax are the real target of a government clampdown on charitable giving, Prime Minister David Cameron tells Channel 4 News, as the charity tax row grows.
Want to know what your boss earns? Or your future husband? In Sweden, Norway and Finland everyone’s income and tax details are published online, for anyone to see.
From 6 April 2012, most couples with children will have to work a minimum 24 hours per week to qualify for working tax credit. Channel 4 News explains what the benefit changes mean.
“It’s such a huge shortfall that both sides have only just stopped short of accusing each other of cooking the books.”
Matt Frei blogs on the complicated, but usually less costly tax system in the US.
Taxpayers are to to be given a personal statement telling them how much money is deducted from their earnings and what this is spent on, but they will not learn what they are paying in indirect taxes.
Channel 4 News learns the number of British bankers leaving the UK for Switzerland fell by 16 per cent in 2011, despite claims the 50p tax rate would encourage wealthy financiers to leave the country.
An overhaul of the benefits system risks pushing 250,000 children into poverty, warns a leading children’s charity. The changes could mean 150,000 working single mothers losing £68 a week.
Barclays is implicated in a “highly abusive” tax loophole scheme and accused of trying to avoid more than £500m.
As it is revealed Barclays employed tax avoidance schemes to dodge an estimated half a billion pounds of tax, Channel 4 News looks at how widespread these devices are and what they involve.
Thousands of jobs could be created by abolishing Britain’s high fuel duties, campaigners claim in a meeting with a treasury minister.