HMRC to offer ‘life-changing’ cash rewards for employees who grass tax dodging bosses.
In an effort to cut the UK’s ‘tax gap’ by targeting large firms and wealthy individuals, HM Revenue and Customs (HMRC) has boosted the cash rewards available to Brits who report fraudsters. Chancellor Rachel Reeves officially announced the new scheme in last month’s spring statement, claiming it will help the government to recoup a share of the £7.5 billion lost each year to tax avoidance – which is legal – and evasion – which isn’t.
Spain, Brazil and South Africa announced a new global coalition to tax the super-rich at the Fourth Financing for Development Conference in Seville, Spain. Oxfam said the alliance created at the UN
Indian owners of offshore firms named in the Pandora Papers are – Anil Ambani, Sachin Tendulkar, Niira Radia, Gautam Singhania, and Lalit Goyal, among others. The Enforcement Directorate (ED)
Europe will not hesitate to retaliate if Donald Trump imposes any new tariffs, the European Commission and EU national leaders have said, after the US president announced another escalation of his aggressive
Vice President Kamala Harris is on record in support of a national wealth tax. In March, the Biden-Harris Administration released its official Fiscal Year 2025 budget proposal which calls for the