President Sarkozy of France is prepared to do ‘everything possible’ to get the G20 to move towards the adoption of a financial transaction tax, The Times reported ahead of this week’s G20 summit in Cannes.
‘One of Britain’s biggest companies may be forced to move abroad if the Government does not abandon the new higher rate of income tax ... Paul Walsh, the chief executive of Diageo, said the 50p rate threatened to cause “long term damage” to Britain’s “competitive edge”.
The Vatican's Pontifical Council for Justice and Peace has called for a new tax on financial transactions and proposed the creation of a global authority to regulate financial markets. International institutions must be reformed to favour effective monetary and financial systems, it said.
The annual subscription limit for an Individual Savings Accounts (ISA) will increase to £11,280 – up to half of which can be saved in a cash ISA – from April 2012, HM Treasury announced.
Robert Gaut and Sarah Gabbai provide a case study setting out the tax issues for a US manufacturing group which migrates its non-US operations to the UK
The United Kingdom would ‘easily’ take Switzerland’s place at number one in the Financial Secrecy Index if the ‘British network of secrecy jurisdictions’ were considered, according to an influential campaign group.
Chris Morgan considers recent changes in the international tax arena, including UK developments, recent proposals for a financial transactions tax, and the Dutch 2012 Tax Plan