Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Parents who employ nannies could see their annual childcare bills jump by more than £1,000 from April under measures announced in this week’s Budget. The chancellor’s key tax-raising policy will see employers’ national insurance contributions … Read more
One hundred and eighteen days into the Labour government, and we finally get to witness the true meaning of the slogan on the front of the manifesto – Change. It might come as a surprise, given the hefty and historic tax and spending plans outlined by Chancellor Rachel Reeves in the first Labour budget, which … Read more
Stay updated with the latest news for free Just subscribe to the Pensions myFT Digest and receive updates directly in your inbox. The inclusion of pensions in inheritance tax starting from April 2027 will have a significant impact on the tax bills of wealthy UK pensioners, according to experts in the field. In the recent … Read more
The UK chancellor Rachel Reeves has unveiled a £40bn tax hike, the largest in a generation, with businesses taking the brunt of a Budget aimed at fixing Britain’s “broken” public finances and services. Extra borrowing averaging £28bn per year over the parliament has unsettled investors, pushing government borrowing costs to a five-month high. The decision … Read more
For four months earlier this year, the Italian city of Venice conducted a pilot program for a surcharge scheme for daytrippers. Non-overnight visitors had to pay €5 ($5.40) on specific days that were considered to be the most congested, such as weekends and national holidays. The aim of the fee was to discourage visitors from … Read more
French and German ambassadors to the UK have criticized Sir Keir Starmer’s proposal to impose VAT on private school fees, arguing that it could lead to the expulsion of many children from international schools and harm diplomatic relations with the UK. The ambassadors emphasized that fee-paying international schools, which receive funding from overseas governments, are … Read more
“Incentives are a way to reduce the cost of production but they are not the only factor,” he said. “Quality of content, local talent, and the overall production ecosystem all play a role in attracting international productions.” With the global entertainment industry continuing to grow, the battle for international productions is expected to intensify. Countries … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK Chancellor, Rachel Reeves, is planning to ease concerns within the business sector regarding the significant tax increases set to be announced in the upcoming Budget. Reeves and her allies are emphasizing that these … Read more
Former President Donald Trump’s tax reform proposals have the potential to benefit around 93.2 million Americans by offering total or partial income tax exemptions. These proposals are part of Trump’s economic agenda, which includes a wide-ranging tax overhaul aimed at providing income tax breaks to various segments of the population. Among the tax breaks that … Read more
Time is running out for a set of money-saving provisions in the tax code, and now is a good time to get your portfolio in order and minimize levies, according to Bank of America. The Tax Cuts and Jobs Act (TCJA), which took effect in the beginning of 2018, overhauled the federal tax code. It … Read more