tax

Billionaire investor Warren Buffett has pledged to give a chunk of his income to help pay down the US' national debt, if politicians do the same.

Letters sent out by Her Majesty's Revenue and Customs (HMRC) informing people they have paid too little tax could be based on inaccurate figures, an accountancy firm has warned.

The UK fund management industry faces complete transformation if the financial transaction tax - or Tobin tax - is implemented, commentators have warned.

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German chancellor Angela Merkel has said she cannot guarantee support of the controversial financial transaction tax - known as the Tobin tax - which threatens to create a rift between Germany and France days before a crucial European summit.

David Cameron has vowed to veto a European-wide financial transaction tax unless it is imposed globally.

The coalition government is to abandon plans to scrap the 50p top rate of tax despite rising pressure from business leaders.

TAX

The Treasury is expected to close a loophole that allows wealthy individuals to avoid paying stamp duty on expensive property transactions in draft legislation for the Finance Bill today.

George Osborne is expected to crackdown on tax avoidance by the wealthy and support commuters, motorists and small businesses in this week's Autumn Statement, acording to reports.