HMRC faces legal fight for handing Britons’ data to US tax officials

Case may have implications for British citizens born in US, who risk having accounts frozen HMRC is facing a legal battle to block it from handing personal details about British citizens to US tax authorities.The case could have wide-ranging implicatio…

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Taxing wealth at lower rate than income is wrong, says thinktank

People who get income from assets or property pay less tax than those who rely on workThe government could gain £90bn in extra revenue over 10 years if it taxed income from wealth in the same way it taxes income from work, according to a leading thinkt…

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An end to austerity, really? It’s just a sop to older Tory voters

Rather than truly instigating a ‘new decade of renewal’ austerity, the spending review has only an election in mindThere were plenty of shaking heads on the opposition benches when Sajid Javid claimed that his review of Whitehall spending meant “we are…

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Has the age of austerity really come to an end?

Sajid Javid’s pledge to ‘bring about a decade of renewal’ comes under scrutinySajid Javid said on Wednesday that the government could afford to “turn the page on austerity” as he set out Whitehall spending priorities. Publishing departmental budgets fo…

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Is it time to switch income tax with a sales tax?

With wealth inequality rising the case for raising revenue via a consumption tax is compellingIs it time for the US to consider switching from income tax to a progressive consumption tax as a way of addressing growing wealth inequality? Many economists…

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