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Stories that are tagged 'insurance tax'




UK Government Declines To Rule Out Future Tax Rate Hikes

by Jason Gorringe, Tax-News.com, London

Monday, April 24, 2017

UK Prime Minister Theresa May has declined to confirm that her Government would maintain tax rates should it win the upcoming election. Read Full Story

 

HMRC Launches New Tax Fraud Hotline

by Jason Gorringe, Tax-News.com, London

Tuesday, April 4, 2017

HM Revenue and Customs has launched a new phone-in service for the public to report tax fraud and evasion. Read Full Story

 

Canadian Budget Focuses On 'Tax Fairness'

by Mike Godfrey, Tax-news.com, Washington

Thursday, March 23, 2017

The tax measures contained in Canadian Finance Minister Bill Morneau's second Budget are focused on closing loopholes, cracking down on tax evasion and improving tax reliefs for the "middle class." Read Full Story

 

UK Budget Anti-Avoidance Measure Will Fail, CIOT Says

by Jason Gorringe, Tax-News.com, London

Monday, March 13, 2017

A significant cut to the dividend tax allowance announced in the UK Budget will not deter people from incorporating their own business to take advantage of lower corporation tax rates, the Chartered Institute of Taxation has said. Read Full Story

 

IRS Warns On Micro-Captive Insurance Tax Shelters

by Scott Hamilton, Tax-News.com, Washington

Wednesday, February 15, 2017

For the third consecutive year, the US Internal Revenue Service has placed abusive micro-captive insurance tax shelters on its list of top tax scams to watch out for in the 2017 filing season. Read Full Story

 

US Chamber Urges Health Insurance Tax Repeal

by Mike Godfrey, Tax-News.com, Washington

Thursday, January 5, 2017

With talk beginning in the new Congress of a repeal of President Barack Obama's Affordable Care Act, the US Chamber of Commerce has urged the immediate elimination of the health insurance tax as an immediate necessity. Read Full Story

 

Slower Economic Growth To Dent UK Finances

by Jason Gorringe, Tax-News.com, London

Monday, January 2, 2017

According to statistics from the UK's Office for National Statistics, an expected slowdown in economic growth could lead to fiscal challenges for the UK. Read Full Story

 

UK Gov't Urged To Equalize Labor Tax Exempt Thresholds

by Jason Gorringe, Tax-News.com, London

Tuesday, December 13, 2016

The UK Government should raise the exempt threshold for Class 1 National Insurance contributions (social security) into line with the personal income tax exempt threshold to simplify the regime, a taxpayer charity has said. Read Full Story

 

UK Small Businesses Biggest Losers From Mini Budget

by Jason Gorringe, Tax-News.com, London

Thursday, December 1, 2016

The UK Government's increase to Insurance Premium Tax from 10 percent to 12 percent in the Autumn Statement has been described as a "stealth tax on business." Read Full Story

 

IRS Scopes In On Micro-Captive Tax Evasion Risk

by Scott Hamilton, Tax-News.com, Washington

Thursday, November 3, 2016

In Notice 2016-66, the US Internal Revenue Service has warned that the use of so-called "micro-captive transactions" have "a potential for tax avoidance or evasion," as it believes they may be established more to avoid federal income tax rather than for their stated aim of providing additional insurance for clients. Read Full Story

 

 

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