tax - Aitrend

Expenditure review: Minister of the Treasury Emma Reynolds told Sky News that she “does not proclaim” tax increases in the fall | New policies Aitrend

June 12, 2025 by Aitrend

A Treasury Minister refused to exclude tax increases in the fall budget, with regard to the concern that any global economic instability could mean that the government will not have enough money to finance its spending plans. Speaking to Sky HUB policy with Ali FortescueEmma Reynolds defended the way in which the economy was managed, … Read more

Elon Musk calls the tax bill supported by Donald Trump a “disgusting abomination” | World News Aitrend

June 4, 2025 by Aitrend

Elon Musk criticized the bill on the taxes and expenses of American president Donald Trump, calling “scandalous” and a “disgusting abomination”. The bill, which includes fiscal alleviations of several billion dollars, was adopted by the Republicans of the Chamber in May and was described by the president as a “great magnificent bill”. The technological billionaire … Read more

Low remuneration jobs in danger of increases in business work tax | British news Aitrend

February 22, 2025 by Aitrend

Cliff Nicholls manages two trampoline parks and indoor play centers: one in Tamworth in the West Midlands, the other in Bolton, Greater Manchester. He already feels pressure from the latest government’s budgetary measures and has been forced to abandon other investment plans. “The national increases in the minimum wage to come in April, combined with … Read more

Sign Lakeland Homeowners Sign Ahead of Tax Hikes | Money News Aitrend

January 25, 2025 by Aitrend

The family behind Lakeland, one of Britain’s most prominent privately owned retailers, is exploring a sale after more than 60 years amid growing cost pressures sweeping the industry. Sky News has learned that Lakeland, controlled by founder Alan Rayner’s three sons, has appointed advisers to assess the appetite of potential buyers for a deal. Lakeland, … Read more

River Island eyes tighter cost controls as tax hikes loom | Money News Aitrend

January 22, 2025 by Aitrend

River Island, the privately owned fashion retailer, is preparing to exercise tighter control over its cost base as the general public faces the prospect of big tax hikes in April. Sky News understands that River Island, which is owned by the Lewis family, has brought in AlixPartners to work on a cost-cutting and profit-improving exercise … Read more

Welsh council tax plans anger local tourism industry: ‘We will be crushed’ | UK News Aitrend

December 28, 2024 by Aitrend

The rugged mountains, limestone caves and spectacular waterfalls of Bannau Brycheiniog – the Brecon Beacons – attract visitors from all over the world. Tourism is an essential part of the local economy. But local attractions say the industry would be devastated by the Welsh Government’s decision. plans for a night tourist tax. “In an area … Read more

British hedge fund manager Sanjay Shah sentenced to 12 years in prison in Denmark for £1 billion tax fraud | UK News Aitrend

December 13, 2024 by Aitrend

A British hedge fund trader has been sentenced to 12 years in prison in Denmark for a billion-pound tax fraud. Sanjay Shah54, was behind a business scheme known as ‘cum-ex’ which fraudulently obtained 9 billion Danish kroner (£1 billion) in dividend tax refunds from the Danish Treasury between 2012 and 2015. Shah, who appeared in … Read more

Rhetoric mounts in farmer inheritance tax dispute – with neither side appearing ready to budge | Money News Aitrend

December 11, 2024 by Aitrend

Labour’s rural problem has resurfaced. This time the government faces fierce opposition modification of inheritance tax. Unless a breakthrough is made, Labour’s rural problem risks becoming everyone’s problem. The protesters showed no signs to move back on Tuesday. Farmers from all over rural Britain got up in the middle of the night to begin their … Read more

Trump’s tariffs: a tax on American consumers Aitrend

December 8, 2024 by Aitrend

President-elect Donald Trump has promised to impose across-the-board tariffs on goods imported from some allies and adversaries, saying foreign countries would pay those taxes to the U.S. Treasury. But it is American consumers who would open their wallets to pay the customs duties. Correspondent David Pogue speaks with Dartmouth economics professor Doug Irwin about the … Read more

Harry Potter star Rupert Grint ordered to pay £1.8m extra in tax | UK News Aitrend

November 30, 2024 by Aitrend

Former Harry Potter star Rupert Grint has been ordered to pay £1.8million in tax. The Ron Weasley actor lost a legal battle with HM Revenue and Customs in 2019 and was ordered to pay the sum following an investigation into his tax return for the 2011-12 tax year. Squeak had received a sum of £4.5 … Read more