David Cameron to tell MPs: Companies will be criminally liable for employees who facilitate tax evasion April 11, 2016 Companies whose employees facilitate tax evasion will be held criminally liable, David Cameron will tell MPs today. The Prime Minister will address the Commons after a week in which his personal tax affairs came under scrutiny. Cameron was accused of hypocrisy last week by Labour after he confirmed that he had a stake in his [...]
London Mayoral Election: Zac Goldsmith presses for cuts to tax and red tape April 11, 2016 Zac Goldsmith is pledging to support further cuts to corporation tax if he becomes mayor of London today as the Richmond Park MP launches his mayoral manifesto. The Conservative candidate for mayor will also seek to set himself apart from Labour’s Sadiq Khan by championing deregulation of the City and encouraging less red tape for start-ups. [...]
EU referendum: New guidelines on campaign limits during the referendum period to be published, after big bosses demand clarity April 10, 2016 The Electoral Commission is understood to be publishing an updated set of guidelines tomorrow regarding what businesses are allowed to do once the EU referendum period formally begins on Friday. The move, which was first reported by Sky News, comes as some of the bosses at the UK's largest companies are warning that they'll be keeping their mouth [...]
Panama Papers scandal: What we know about the new UK tax taskforce so far April 10, 2016 Earlier today, Prime Minister David Cameron announced that a new tax taskforce would be set up to deal with the fallout from the Panama Papers report. (He also shared a letter from his accountant, which you may have heard about.) While the precise details of the taskforce are still foggy, here's what we've discovered so far: [...]
MPs’ fury at David Cameron Liaison Committee snub ahead of EU referendum April 10, 2016 Prime Minister David Cameron has been accused of ignoring a “clear and unambiguous case” for him to attend a hearing with Parliament’s senior committee on the EU referendum. The chair of the Liaison Committee – comprised of the chairs of Parliament’s select committees – made the claim in a letter written to Cameron. Andrew Tyrie, [...]
Now Nicola Sturgeon has published her tax return for 2014/15 April 10, 2016 Scottish National Party (SNP) leader Nicola Sturgeon has become the latest politician to lay out her tax return for all to see, after the Panama Papers scandal called into question the tax dealings of numerous high-profile individuals. Sturgeon's tax return for tax year 2014/15, which was posted up on the SNP's website today, reveals that the [...]
Is George Osborne next? Labour and the SNP want the entire cabinet, MPs and political journalists to publish tax returns April 10, 2016 The Prime Minister may have thought publishing his own tax return would settle the furor caused by the Panama papers and his own connections with offshore companies, but it looks like there's no signs of the row abating just yet. Now, the SNP has called for the same kind of transparency from across the government, and has apparently [...]
David Cameron’s tax return in three simple charts April 10, 2016 David Cameron's tax affairs have been revealed in a move labelled "unprecedented" in the wake of pressure over his arrangements uncovered by the Panama papers leak. Here are the key numbers… 1. Income The PM has raked in more than a million over the last six years, since coming to power in 2010. This includes his salary, [...]
David Cameron admits he could’ve handled the Panama Papers better April 9, 2016 Prime minister David Cameron has admitted that he could've handled the scrutiny of his financial affairs better. Speaking at the Conservative party's spring forum, he accepted blame for the mishandling of revelations about his late father's offshore fund. He made the comments as crowds gathered outside of Downing Street to call for his resignation in light of the [...]
EU referendum: £9m government leaflet will be considered for debate in parliament after a petition gets over 100,000 signatures April 8, 2016 As if David Cameron needed another headache, his government's decision to send out pro-EU leaflets will now be considered for debate in parliament after a petition garnered over 100,000 signatures. The petition was set up just hours after it was announced the government would be spending £9m on leaflets that would be send to 27m homes [...]