5 Oct 2022
Just ten days after presenting his controversial mini-budget, UK Finance Minister Kwasi Kwarteng has had to retract one of its key features. Those with annual incomes above £150,000 will not see their taxes cut in the end. The U-turn comes after days of market turmoil and political pressure.
1 Nov 2021
Leaders of G20 nations endorsed a landmark deal to establish a global minimum tax rate. They were, however, at odds on issues like coronavirus vaccines and fighting climate change.
9 Oct 2021
The country has finally dropped its opposition to a global tax reform brokered by the OECD in July. The revised corporate tax rate will only apply to large multinational companies