There has been some discussion on Twitter and some mention in comments on this blog on the subject of indexation relief for capital gains tax
Read the full article…
Abolishing capital gains tax entrepreneur’s relief might raise approximately £2.2 billion of tax a year
The fifth recommendation that will eventually form part of the Taxing Wealth Report 2024 has been published. Like other suggestions in this series, this one
Read the full article…
Aligning capital gains tax and income tax rates might raise more than £12 billion in tax a year
I have this morning published the fourth in my series of recommended changes to the UK tax system designed to address the fact that wealth
Read the full article…
Abolishing the lower rate of national insurance for high-earning employees
I have published the third in my series of recommendations for the reform of the taxation of higher earners and the wealthy this morning. This
Read the full article…
Wealth is undertaxed by £170 billion a year in the UK
The Taxing Wealth Report 2024 suggests that wealth in the UK might be undertaxed by up to £170 billion a year when compared to income
Read the full article…
Launching the Taxing Wealth Report 2024
I have this morning begun publishing the Taxing Wealth Report 2024: This introduction says: Brief summary This note summarises the issues that the Taxing Wealth
Read the full article…
Taxing wealth more
You might have missed yesterday’s editorial on inflation in the Guardian. This said: Why should ordinary households be made poorer when a few groups operating
Read the full article…
Microsoft has still not resolved its 2004 tax affairs
I was first involved in writing about Microsoft’s tax affairs in November 2005 when work I did was quoted in the Wall Street Journal (paywall).
Read the full article…
ISAs have a role in UK savings, but the creation of ISA millionaires was not one of them
As The Independent reports: The number of “Isa millionaires” has surged to more than 4,000, according to HM Revenue & Customs (HMRC) figures. Some 4,070 savers were sitting on
Read the full article…