Tax rises announced during the recent budget will hit businesses rather than encourage growth, the head of one of the UK’s most prominent business groups will warn on Monday. The Confederation of British Industry (CBI) has joined a choir of voices opposing Chancellor Rachel Reeves’s fiscal measures, which the Labour Party claims are needed to…
Canadian Prime Minister Justin Trudeau is playing Father Christmas with a seasonally-timed tax break amid growing frustrations about Canada’s cost of living. The prime minister announced Thursday a two-month limited-time break on sales tax on a set list of goods during the holiday season. The list includes Christmas trees, restaurant meals, toys, alcohol and sweets,…
Farmers are protesting in central London over changes to inheritance tax that will see death duties payable by some farmers on agricultural and business property. The Treasury estimates the changes, revealed in the budget, will raise up to £520m a year. Farmers and campaigners say they threaten the future of thousands of multi-generational family farms….
Thousands of farmers from across the UK are expected to gather outside Downing Street today – in the biggest protest yet against the government’s changes to inheritance tax rules. The reforms, announced in last month’s budget, will mean farms worth over £1m will be subject to 20% inheritance tax from April 2026. Farmers say that…
LONDON (AP) — With banners, bullhorns, toy tractors and an angry message, British farmers are descending on Parliament on Tuesday to protest a hike in inheritance tax that they say will deal a “hammer blow” to struggling family farms. U.K. farmers are rarely as militant as their European neighbors, and Britain has not seen large-scale…
(Bloomberg) — The French government is studying targeted taxes on the wealthy and large companies as it tries to navigate an urgent need to repair finances without undoing President Emmanuel Macron’s pro-growth reforms, newly appointed Finance Minister Antoine Armand said. Most Read from Bloomberg His comments come as investors ditch French assets amid political turmoil,…
MILAN – An Italian judge has seized money and assets worth almost 75 million euros ($84 million) from five people, including Stellantis (STLAM.MI), and Ferrari (RACE.MI), Chair John Elkann, as part of an investigation into alleged tax fraud, prosecutors said on Friday. The investigation, opened earlier this year, alleges Elkann and his siblings Lapo and Ginevra did not pay…
The number of second homes being put up for sale in one part of Wales has increased by more than 250% – as homeowners and businesses criticise the Welsh government’s council tax premium. Many councils in Wales now charge an inflated tax rate for second homes, up to 300%, with the aim of freeing up…
Chancellor Rachel Reeves has signalled her first budget as chancellor could be a painful mix of spending cuts, tax rises and increased borrowing. Speaking to Sky News after official figures showed the economy flatlined in July with GDP growth of 0.0%, she refused to rule out increasing business and wealth taxes, or further cuts to…
