Impact of overseas tax plans understated
The government on Thursday admitted it might have understated the impact of Budget measures to tighten tax rules relating to the overseas income of British-based multinationals. But it said it would continue to push through the changes despite protests that they could cost industry up to £10bn in increased taxes....more
WITHHOLDING TAX
Brussels to quiz UK
The European Commission said on Wednesday it would ask for more details about the UK's plans to replace withholding tax on residents' savings with a greater information exchange....more
CGT
Changes benefit fat cats most
Gordon Brown may claim Tuesday's Budget was for "all the people", but changes to capital gains tax were seen as bringing most benefit to some of Britain's highest-paid directors....more
SHARE OWNERSHIP
Tax breaks to boost employee investment
Gordon Brown stepped up his campaign to encourage employee share ownership with measures aimed at those working for small, high-tech companies....more
AIR PASSENGER DUTY
A tonic for travellers
Air travellers on a budget were given something to cheer about as Gordon Brown cut the air passenger duty on economy flights in Europe. ...more
ALCOHOL/TOBACCO
Smugglers and smokers raise a glass
Scotch whisky distillers welcomed the freeze on spirits duty, but the rest of the drinks industry and the tobacco manufacturers said tax increases in line with inflation would boost smuggling...more
BUSINESS
Commercial property hit harder
The implications of the latest rise in stamp duty are far more significant for commercial property investors. While relatively few UK homes are valued at more than £500,000, almost all commercial property transactions are...
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Economy
