‘George Osborne is considering tax cuts for low and middle earners in his March Budget in an attempt to kick-start growth after figures showed that the economy is contracting.
‘Barack Obama laid down the battle lines for the presidential election Tuesday night as he promised a “fairer” tax regime on the day Mitt Romney, the leading Republican contender, revealed that he paid federal income taxes at an effective rate of just 13.9% in 2010.
Governments forced to re-think tax and benefit systems should take the opportunity to address inequality and growth issues simultaneously, the OECD said.
The tax information exchange agreement between the UK and the Netherlands in respect of Aruba, signed in November 2010, entered into force on 1 January 2012.
The Times has an obituary of Dame Lesley Strathie, who died earlier this month. Strathie was forced to step down as HMRC’s Chief Executive in November because of illness. She was appointed to the role in 2008:
Businesses and governments are in ‘a volatile era’ in which stable and predictable tax frameworks are ‘critical’ in maintaining the right conditions for investment, said Simon Henry, Chief Financial Officer at Royal Dutch Shell.
‘RSM Tenon warned lower revenue would push it into a first-half pre-tax loss as it unveiled a set of management changes to drive a turnround at the accountancy company.