Tax
City tries to kill Budget tax threat to banks and partnerships
Lobbyists will be out in force to water down what could be painful tax hikes for the Square Mile
UBS pays €835m to settle French tax dispute
The Swiss bank was initially slapped with a €4.5bn penalty in 2019 over its role in helping rich clients evade taxes
1 min read
Big Four cull 1,100 graduate positions
KPMG, EY, PwC and Deloitte are tightening entry-level roles as demand dips
4 min read
Baker Tilly boss Francesca Lagerberg: ‘You need big investments to do certain things’
The head of professional services firm talks private equity, expansion and why accounting is still a great career
6 min read
Tax bank profits to raise £8bn per year, says think tank
The IPPR wants the government to use the Autumn Budget to bring in a new levy
2 min read
Private equity bosses speak out on UK wealth exodus: ‘It will take some time to reverse this’
Well-heeled executives are quitting Britain for more lenient tax jurisdictions such as Italy and Dubai, creating a headache for the UK government. The trend shows no signs of stopping
7 min read
Billionaire trader Michael Platt heads to UAE
The hedge fund co-founder is the latest major UK finance figure to set his sights on the region as BlueCrest makes a Dubai push
2 min read
Carried interest tax hiked to 32% as private equity bosses take Budget hit
Rachel Reeves confirms buyout executives will have to pay more on their share of profit
1 min read
Private equity bosses await their fate as Budget tax decision looms
The buyout industry has been lobbying hard in the run-up to tomorrow’s speech from chancellor Rachel Reeves
2 min read
Wealthy families fleeing UK before Labour non-dom crackdown, Stonehage Fleming chair says
The multi-family office’s rich clients are mulling moves to Switzerland, Italy and Dubai
3 min read
Banker bonus cap ‘rewarded mediocrity’ says ex-City minister
John Glen says the limit ‘was never rational’, and worries how a tax raid by Labour could damage the sector
6 min read
Budget tax threat raises questions over AIM’s future
The junior market needs more help, not less, to thrive
Private equity dwells on tax changes at UK summit
In spite of growing optimism over a wider market recovery, the mood music at the BVCA summit was tempered by the prospect of tax hikes in next month’s budget
IRS apologises to billionaire Ken Griffin for leak of tax records
Citadel founder was one of many wealthy taxpayers whose information was disclosed by an IRS contractor
Labour’s private equity tax raid will pass over bosses who put their own capital at risk
Shadow chancellor Rachel Reeves says fund managers should have skin in the game if they want incentive payments to be treated as capital gains
Labour confirms plans to hit private equity bosses with tax hike
The Labour manifesto pledges to close the ‘carried interest tax loophole’
3 min read
Scrap bank levy and surcharge taxes, TheCityUK tells next government
Pressure grows on politicians to back financial services as election looms
2 min read
Labour to shy away from bank tax raid in pro-business push
Party continues bid to distance itself from left-wing past as general election looms
2 min read
City relaxed about election after Labour pledges to support finance
Sir Keir Starmer’s party has come a long way since the dark days of Jeremy Corbyn
4 min read
PwC to undo split in US tax practice
Shift comes three years after a landmark decision to embed tax in other departments
1 min read