Search Results for: Osborne
Google, Facebook, Amazon, eBay and Apple avoided £1BILLION of UK tax
January 27th, 2016
A Mirror investigation has revealed the UK is missing out on huge sums as multinational firms are based in tax havens Five of the world’s biggest tech companies avoided paying £1 BILLION in UK tax last year, the Mirror ...
UK tax avoidance: Google looks ‘to pay three times more tax’ in France than in UK
January 26th, 2016
Google is said to be negotiating a tax settlement with France worth three times more than it paid the British Exchequer even though it employs thousands more staff in the UK. The UK arm generates about three times as ...
Google tax deal labelled ‘derisory’, as criticism grows
January 25th, 2016
An agreement for US firm Google to pay £130m in UK back taxes has been labelled as “derisory” and a “sweetheart deal” by critics. The payment covers money owed since 2005 and follows a six-year inquiry by Her Majesty’s ...
HSBC Plans New Mideast Headquarters Near World’s Tallest Tower
January 18th, 2016
20-storey tower to be built in Dubai’s Emaar square by 2017 Construction to start in few days, HSBC to move staff in 2018 HSBC Holdings Plc will start building a new Middle East headquarters near the world’s tallest tower ...
U.K. Markets Pounded and ‘Brexit’ Vote Doesn’t Even Have a Date
January 18th, 2016
Pound, stocks decline as risks to U.K. economy stack up Turmoil is hurting outlook for Bank of England rate increase Wherever you look, Britain’s financial markets are creaking. The pound is at the weakest level since 2010 against the ...
HMRC: Lin Homer to step down as HMRC CEO in April
January 12th, 2016
Lin Homer has announced today that she is to leave HM Revenue and Customs (HMRC) in April, after more than four years as Chief Executive and Permanent Secretary and a public service career spanning 36 years. Lin Homer joined HMRC in ...
HSBC escapes action by City regulator following Swiss tax scandal
January 5th, 2016
Financial Conduct Authority will take no action against bank whose Swiss arm helped clients to evade tax. HSBC will not face formal action from the City regulator following revelations that the Swiss arm of Britain’s biggest bank helped clients to ...
More banks pay no UK tax, Labour wants tougher approach
January 4th, 2016
Two more investment banks have reported paying zero tax in Britain in 2014, prompting the opposition Labour party to urge the government to reverse a tax change it made for banks last year. Citigroup and Credit Suisse disclosed in ...
KPMG: UK tax changes will slow down buy-to-let market
December 30th, 2015
The buy-to-let market will slow down next year due to a series of tax changes, accountancy giant KPMG has said. The changes, including a three per cent hike to stamp duty on buy-to-let homes, to be introduced in April, will put off ...
Mark Carney: Prudent to Expect U.K. Rate Rise in 2016
November 6th, 2015
Bank of England governor comments in exclusive interview Says foreign investment key consideration in Brexit debate Mark Carney says Britons should be ready for a rate increase in 2016. “Would I rather have the majority of the British people ...