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Use inheritance tax to tackle inequality of wealth, says OECD

Use inheritance tax to tackle inequality of wealth, says OECD
Wealth inequality is even greater than income inequality and is on the rise, says new report.Governments should consider deploying the taxation system to reduce wealth inequality, with inheritance tax the favoured route, according to the west’s leading ...

U.S. companies found ways to avoid taxes before tax bill: report

U.S. companies found ways to avoid taxes before tax bill: report
WASHINGTON (Reuters) - Fifteen U.S. corporations including online retailer Amazon.com Inc (AMZN.O), power company Duke Energy Corp (DUK.N) and insurer Prudential Financial Inc (PRU.N) avoided U.S. tax on nearly $25 billion in combined profits last year, a tax ...

Soft drink sugar tax starts, but will it work?

Soft drink sugar tax starts, but will it work?
The "ground-breaking" sugar tax on soft drinks has come into force in the UK. From Friday manufacturers have to pay a levy on the high-sugar drinks they sell. Ministers and campaigners believe it has already proved to be a success with many firms ...

China hits back with tariffs on US imports worth $3bn

China hits back with tariffs on US imports worth $3bn
China has imposed tariffs of up to 25% on 128 US imports, including pork and wine, after US President Donald Trump raised duties on foreign steel and aluminium imports in March. The tariffs affecting some $3bn (£2.1bn) of imports kick in on Monday. Beijing ...

Google’s tax bill rises to £50m

Google’s tax bill rises to £50m
Google will pay nearly £50m in tax to the Treasury this year. The technology giant's annual accounts show that the company will pay corporation taxes of £49.3m on UK profits of £202.4m. Although the tax figure is the highest the company has paid - and up on ...

Who's behind the blog

Who's behind the blog

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