tax

US President Barack Obama and Republican challenger Mitt Romney locked horns over the economy last night in their first televised presidential debate.

David Harding, founder of hedge fund Winton Capital Management, has disclosed an annual tax bill of £34m and urged other higher rate taxpayers to pay their fair share.

Vince Cable has launched another broadside against banks, branding them as ‘anti-business' and slamming them for their "greed and stupidity".

Peter Hargreaves has criticised ministers for failing to shore up the economy, and omitting to "look in their own backyard" for solutions to the problem.

US-based tax lawyer Douglas Stransky considers the impact of FATCA, the onerous US tax regime which is already turning Americans into 'financial pariahs' overseas.

Fewer financial institutions will be able to dodge the incoming FATCA rules, according to the latest agreement on the US tax regime.

GOSLING'S GROUSE

Companies are still 'seriously unprepared' for the FATCA rules which will come into force in January next year, a new survey by Thomson Reuters has revealed.

The Chancellor will not press ahead with the so-called 'pasty tax' after agreeing the plans were too complex and burdensome to business, according to reports.

UK funds could share a $5bn windfall after the European Court of Justice ruled foreign investment funds that invest in French companies should not be liable for a discriminatory withholding tax on dividends.