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Lloyds hit with £1bn tax bill after legal challenge fails

UK lender loses first round in battle against HMRC over assets inherited as part of government-backed HBOS takeover

Financial Times - 7h

New Barlinnie prison costs double to almost £1bn

The replacement HMP Glasgow will open in 2028, three years later than originally planned.

BBC News - 9h

Warner Bros strikes $1bn deal for film and TV catalogue including theme from Friends

Transaction with Cutting Edge Group comes as WBD chief David Zaslav seeks to boost company’s shares

Financial Times - 5d

4 ways a tax relief service can reduce your tax bill

If you owe back taxes to the IRS, the right tax relief service could help reduce your bill. Here's how.

CBS News - Jan. 29

Roman Abramovich may owe HMRC £1bn for unpaid taxes, analysis shows

Exclusive: Leaked papers suggest billionaire’s overseas firms should have paid UK tax on profits from hedge funds. Roman Abramovich, the billionaire Russian oligarch, may owe British tax ...

The Guardian - Jan. 29

Roman Abramovich could owe UK £1bn over tax dodge that helped bankroll Chelsea FC

Scheme to avoid tax on offshore billions may have been botched because money was managed from the UK, BBC learns.

BBC News - Jan. 29

Tax scams: What to watch for in 2025

Each year, scammers refine their tactics to trick taxpayers out of their money. Here's what to watch for this year.

CBS News - Jan. 28

IRS starts new tax rule for digital income

A new rule being implemented for the 2024 tax year means revenue over $5,000 collected through platforms like PayPal or Venmo has to be reported. That includes payments for concert tickets, clothes ...

CBS News - Jan. 28

Abramovich dodged millions in tax with superyachts-for-hire scheme

Shell companies were used to charter the sanctioned oligarch’s yachts to himself, evading VAT, BBC reveals.

BBC News - Jan. 28

Why the IRS may be coming to tax your cryptocurrency

This is how many crypto investors evade taxes.

MarketWatch - Jan. 27

3.4mn tax returns still to be filed as deadline looms

HMRC is taking a tougher line on fines, experts warn

Financial Times - Jan. 25

'Good luck with that': Democrats dubious of working with Trump on taxes

Democrats are sounding highly dubious about working with Republicans on tax reform after President Trump said Thursday he’s interested in a bipartisan approach to one of the top Republican ...

The Hill - Jan. 24

Edinburgh becomes first 'tourist tax' city in Scotland

A tourist tax designed to raise £50m annually will be introduced to Edinburgh from next year.

BBC News - Jan. 24

Edinburgh to tax tourists for overnight stays

Yahoo News - Jan. 24

‘Will I be caught in a 76% inheritance tax trap?’

The questions families are asking their advisers, following the IHT shake-up

Financial Times - Jan. 24

From tax lottery to tax credit: A better way to help disaster victims

As natural disasters leave many Americans facing economic hardship, the tax code's casualty loss deduction is providing assistance primarily to the wealthiest taxpayers. A reformed casualty tax ...

The Hill - Jan. 23

Reeves to soften UK non-dom tax reforms

Chancellor tells Davos crowd that government had been ‘listening to concerns’

Financial Times - Jan. 23

How is gold taxed?

Gold investments fall into several tax categories, experts say. Here's what to know this tax season.

CBS News - Jan. 23

Real Madrid become first football club to generate more than €1bn in revenue

Manchester City second in list with £708m earnings Top 20 revenue-generating clubs made £9.46bn last year Real Madrid became the first football club to surpass €1bn (£844m) in revenue in a ...

The Guardian - Jan. 23

Real Madrid break €1bn barrier to top football money league

Real Madrid become the first football club to generate more than 1bn euros in annual revenue, according to analysis by Deloitte.

BBC News - Jan. 23

Trump’s assault on the global corporate tax regime

President threatens retaliation against ‘discriminatory’ levies on US multinationals

Financial Times - Jan. 22

A 'National Tragedy' in India: Popcorn Is Taxed Three Ways

Critics say the multiplicity of tax rates on the humble snack is emblematic of why India remains a difficult place to do business.

The Wall Street Journal - Jan. 22

Google invests further $1bn in OpenAI rival Anthropic

Artificial intelligence group closes in on $60bn valuation

Financial Times - Jan. 22

Council urged to scrap 'rat tax'

A councillor has put forward an amendment to a recent review of pest control charges.

BBC News - Jan. 21

Trump-backed crypto venture to extend token sales after raising $1bn

Entrepreneur Justin Sun among investors buying into World Liberty Financial

Financial Times - Jan. 20

Senate GOP spikes House tax plans

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP rejects House conservative tax pitch Senate Republicans are tossing ...

The Hill - Jan. 17

What Did Trump’s Tax Cuts Do?

Economic upheaval caused by the pandemic has clouded analysts’ ability to understand the effects of the 2017 tax law. Republicans call it a huge success and want to extend it anyway.

The New York Times - Jan. 17

Citigroup racks up £1bn bill for Canary Wharf tower refit

Expected cost of renovations come on top of £1.2bn bank spent buying skyscraper in 2019

Financial Times - Jan. 16

Private equity firm Providence weighs £1bn sale in latest events transaction

Company in early-stage deliberations over sale of CloserStill amid surging demand for conferences

Financial Times - Jan. 15

How to Pay Your Taxes Online

Paying US federal and state taxes online can be confusing, and one wrong move can result in penalties or extra money owed. We break it down so you can have the most worry-free tax filing possible.

Wired - Jan. 14

Trump’s return raises prospect of global tax war

Plans to levy higher rates on US multinationals could spur president-elect to respond with tariffs

Financial Times - Jan. 12

Here’s when you can file your 2024 taxes — and what’s new this year with refunds, tax laws and free tax prep

Income-tax refunds averaged more than $3,100 last year. How much will they be this year?

MarketWatch - Jan. 11

Trump's tax-cut obstacle course

Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Senate GOP worries Trump’s tax agenda at risk Senate Republicans fear ...

The Hill - Jan. 10

IRS announces the start of the 2025 tax season

The 2025 tax season will begin on Jan. 27 for individual taxpayers. Here are some options to file your 2024 taxes for free.

CNBC - Jan. 10

Reeves faces 'difficult decisions' on tax and spending

The warning from a former Bank of England official comes in the wake of rising UK borrowing costs.

BBC News - Jan. 10

Does the IRS ever forgive back taxes?

The IRS may be known for taking a hard stance on tax debt repayment, but that isn't always the case.

CBS News - Jan. 9

Canadiens Players Hit Hardest By Taxes

The Hockey News had a tax expert produce tax returns for player earning $3 million USD in all 32 markets and the data shows the Canadiens' player really are hit the hardest by taxes.

Yahoo Sports - Jan. 9

Tax lessons for governments from Henry George

The 19th-century political economist understood that the whole of society should benefit from outsized profits

Financial Times - Jan. 9

GSK nears $1bn deal for biotech developing drug for rare tumour

IDRx tests treatment for digestive system cancer that affects 4,000 to 6,000 people a year in US

Financial Times - Jan. 8

Indonesia says $1bn offer from Apple not enough to lift iPhone 16 ban

Minister says proposed AirTag factory would not help US tech giant meet local content rules on smartphone sales

Financial Times - Jan. 8

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