Latest in Tax Gap
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Don’t bet on a taxing outcome for UK gambling companies
Fears that money would flow from the regulated sector has long deterred action against the industryBusiness - Financial Times - October 14 -
Flutter chief warns on US betting tax rises
FanDuel owner says punitive duties could push customers towards unlicensed operatorsBusiness - Financial Times - October 15 -
5 things to know about Harris and Trump on taxes
Tax policy is set to take center stage after the election, as major portions of the tax code are due to expire by the end of 2025. Key portions of former President Trump's Tax Cuts and Jobs Act — ...Politics - The Hill - October 15 -
Reeves eyeing £40bn in tax rises and spending cuts
Filling the £22bn financial "black hole" would only be enough “to keep public services" still, she told a meeting.Top stories - BBC News - October 16 -
Hong Kong slashes tax on spirits to boost nightlife
Chinese territory’s chief executive John Lee tries to turn around economy amid fall in tourism and consumptionBusiness - Financial Times - October 16 -
Trump Keeps Promising New Tax Cuts. Other Republicans Are Wary.
Former President Donald J. Trump’s costly tax agenda undermines the changes he signed into law in 2017. Some Republicans are wary.Business - The New York Times - October 17 -
Tourism hotspot cuts council tax on second homes
Councillors vote to cut council tax premium, six months after a higher rate of 200% was brought in.Top stories - BBC News - October 17 -
Beard taxes and other lessons for Rachel Reeves
The chancellor could find new ways to raise money — or she could just broaden the tax baseWorld - Financial Times - October 18 -
Reeves looking at sweeping inheritance tax changes in Budget
UK chancellor considers extending ‘seven year rule’ on gift giving to 10 years among other reformsBusiness - Financial Times - October 18 -
Reeves looks to keep ‘stealth tax’ freeze on thresholds
Budget move on individual income could raise £7bn a year towards plugging £40bn fiscal shortfallBusiness - Financial Times - October 18 -
Tax threshold freeze not a pledge-breaker - Labour sources
Government sources insist the move would not constitute a breach of Labour's manifesto tax pledge.Top stories - BBC News - October 19 -
The Papers: Reeves 'will tax businesses' and Hoy's terminal diagnosis
Reeves' Budget plans are in the spotlight for many Sunday papers, while Liam Payne's death continues to draw the attention of several others.Top stories - BBC News - October 20 -
Is it better for my taxes if I donate shares or cash?
You get the biggest benefit by getting rid of the biggest potential tax liability.Business - MarketWatch - October 21 -
Hunt warns that Reeves will ‘trash’ economy with business tax hikes
Shadow chancellor says he rejected Treasury advice to raise employers’ national insurance paymentsWorld - Financial Times - October 22 -
How squeezing the rich through tax may backfire
If Britain is to have a more European welfare state, it needs a more European tax systemBusiness - Financial Times - 6 days ago -
Starmer attempts to define 'working people' tax pledge ahead of Budget
The prime minister is under pressure to set out who he is excluding from possible tax increases.Top stories - BBC News - 5 days ago -
Gold and taxes: What every investor needs to know
Taxes can eat into your profits when you're investing in gold. Here's what to know about the taxes you might owe.Top stories - CBS News - 5 days ago -
'Tax squeeze backlash' and Clarkson's health scare
Many papers lead with unease over Labour's maiden Budget, while others report on Jeremy Clarkson's health scareTop stories - BBC News - 4 days ago -
Tax blow for 1mn UK top earners by 2027
Fiscal drag will pull thousands more into a 60 per cent marginal rateWorld - Financial Times - 4 days ago -
Carried interest: private equity’s tax break
The lower-taxed performance fee has helped buyout firms’ executives amass personal fortunesBusiness - Financial Times - 3 days ago -
No tax rises in payslips for 'working people', vows minister
Bridget Phillipson refused to say if a small business owner was a "working person" in an interview with the BBC, ahead of Wednesday's Budget.Top stories - BBC News - 3 days ago -
Wise chief executive fined £350,000 over ‘tax issues’
UK financial regulator says Kristo Käärmann breached conduct rules but clears him to continue in his jobBusiness - Financial Times - 2 days ago -
Tax rises needed to avert austerity, Starmer says
The prime minister gives a gloomy economic picture as he set out his justifications for "tough decisions" in the Budget.Top stories - BBC News - 2 days ago -
Here's what to do if you still can't pay taxes on the Oct. 15 tax extension deadline
The tax extension deadline is Oct. 15, but some disaster victims have more time to file. Here's what to know if you still can't pay your balance.Business - CNBC - October 15 -
Overseas UK territories are the ‘biggest enablers of corporate tax abuse,’ tax advocacy group says
British overseas territories are the world's top enablers of corporate tax abuse, according to a ranking by tax advocacy group Tax Justice Network.Business - CNBC - October 17 -
North Dakota voters could end property taxes — and pour ‘gas on the spark’ of a growing tax revolt
North Dakota voters will decide next month on Measure 4, which would repeal property taxes and bar counties, towns and other local governments from levying them.Business - MarketWatch - October 21 -
Trump tax plans could exempt 93 million Americans from income taxes
Even if Donald Trump wins the November election against Vice President Kamala Harris, his tax overhaul will require a friendly House of Representatives.Business - CNBC - October 21 -
The IRS reveals your 2025 tax brackets as Trump’s tax cuts are set to expire
The standard deduction will be $15,000 for individuals next year, and $30,000 for married couples filing jointly.Business - MarketWatch - October 22 -
How new tax changes for 2025 could affect federal tax liabilities for families
The IRS has announced new changes affecting the earned income tax credit, child tax credit, adoption credit and annual gift tax exclusion for 2025.Business - CNBC - October 22 -
Autumn budget live: Rachel Reeves raises taxes by £40bn and increases spending on NHS and schools
Chancellor announces changes to employers’ national insurance contributions, inheritance tax, capital gains tax and other duties. Budget 2024: key points at a glance Full report: Reeves raises ...World - The Guardian - 13 minutes ago -
Carlos Sainz Jr. wins the Mexico City Grand Prix, with Lando Norris finishing second to close gap in F1 title chase
Carlos Sainz Jr. wins the Mexico City Grand Prix, with Lando Norris finishing second to close gap in F1 title chaseSports - ABC News - 2 days ago -
UK bookmakers don’t want to (and probably won’t have to) pay more tax
Won’t somebody please think of Queen Camilla?Business - Financial Times - October 14 -
Trump and Harris Both Like a Child Tax Credit but With Different Aims
Kamala Harris’s campaign is pushing a version of the credit intended to fight child poverty, while Donald J. Trump sees the program primarily as a tax cut for people higher up the income scale.Business - The New York Times - October 15