Rishi Sunak warns taxes WILL rise in the spring

Rishi Sunak has hinted that taxes could rise in the Spring as Britain attempts to balance the books following the coronavirus crisis. The Chancellor is set to outline a £100billion plan for long-term infrastructure investment and a £3billion package of new spending to support the NHS in recovering from the pandemic.    But in an interview … Read more

50 Cent doesn’t ‘care Trump doesn’t like black people’ as he endorses president over taxes

50 Cent endorses Donald Trump based on his tax policies and says he doesn’t ‘care Trump doesn’t like black people’ By Dailymail.com Reporter Published: 00:10 BST, 20 October 2020 | Updated: 00:20 BST, 20 October 2020 50 Cent endorsed Donald Trump based on his tax policies in a tweet Monday, and said he doesn’t ‘care … Read more

Top think-tank warns Rishi Sunak to avoid ‘act of self-sabotage’ over taxes

Increasing taxes to pay for the Covid crisis would be ‘an act of self-sabotage’ which would derail Britain’s economic recovery, Rishi Sunak was warned last night. The Chancellor has repeatedly signalled that tax rises will be needed to repair the battered public finances. With Britain’s national debt topping £2trillion for the first time and borrowing … Read more

Think tank urges Rishi Sunak to slash and simplify taxes

Rishi Sunak must CUT and simplify taxes to revive the economy after hammer blow from coronavirus lockdown, warn economists Institute of Economic Affairs report calls on Rishi Sunak to reform tax system It suggests Chancellor can learn the lessons from recent history to boost growth Report calls for income tax to be capped at 40 … Read more

Taxes ‘could have to soar by £60bn to avoid a new wave of austerity after Covid’

Taxes could have to soar by £60billion to avoid a new wave of austerity after the coronavirus crisis, experts warned today.  The respected IFS think-tank said an income tax rise of 6p or 7p for every £1 earned could be needed to cover extra public spending over the next five or six years.  It also … Read more

Trump’s tax returns show he paid $750 in federal income taxes the year he won presidency

BREAKING: Trump’s tax returns shows he paid $750 in federal income taxes the year he won presidency, no income tax for 10 years and reported vast business losses The president is said to have reported losing more money than he made   By Lauren Fruen For Dailymail.com Published: 22:29 BST, 27 September 2020 | Updated: 22:41 … Read more

Supermodel Bar Refaeli is sentenced to 9 months of community service for evading taxes

Supermodel Bar Refaeli is sentenced to 9 months of community service in Israel – while her mother is jailed for 16 months for evading taxes on nearly $10m in income Model Bar Refaeli was sentenced Sunday to nine months of community service She was accompanied by her dad, Raffi, her mom, Zipi, and flanked by … Read more

Fury as Amazon admits paying just £73million more in taxes in Britain last year

Fury as Amazon admits paying just £73million more in taxes in Britain last year… despite racking up £3bn in extra sales Amazon paid £293million in ‘direct taxes’ last year despite an increase in sales  Online retailer racked up almost £3billion in extra sales even before covid-19   Amazon has published details of its finances in an … Read more

Cabinet minister Therese Coffey hints taxes should be CUT in the Budget

Rishi Sunak has given a stark warning that tax rises are in the pipeline as he desperately tries to reassure angry Tories that they will not turn into a ‘horror show’. The Chancellor revealed his tough message to MPs as he failed to cover up a sheaf of speaking notes while leaving Downing Street. The … Read more

Amazon is accused of ‘opting out’ of paying fair taxes

Amazon has been accused of ‘opting out’ of the newly-imposed UK digital services tax after it announced plans to hit small businesses that sell items on its website with higher fees.   The multinational giant, which is valued at $1.5 trillion, has told businesses in the UK that it will increase its referral fees, fulfilment by Amazon fees, … Read more