tax

The UK fund management industry faces complete transformation if the financial transaction tax - or Tobin tax - is implemented, commentators have warned.

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German chancellor Angela Merkel has said she cannot guarantee support of the controversial financial transaction tax - known as the Tobin tax - which threatens to create a rift between Germany and France days before a crucial European summit.

David Cameron has vowed to veto a European-wide financial transaction tax unless it is imposed globally.

The coalition government is to abandon plans to scrap the 50p top rate of tax despite rising pressure from business leaders.

TAX

The Treasury is expected to close a loophole that allows wealthy individuals to avoid paying stamp duty on expensive property transactions in draft legislation for the Finance Bill today.

George Osborne is expected to crackdown on tax avoidance by the wealthy and support commuters, motorists and small businesses in this week's Autumn Statement, acording to reports.

TAX

A meeting in Berlin between David Cameron and German Chancellor Angela Merkel will be dominated by the European debt crisis, but is expected to also tackle the concept of a tax on financial transactions - known as the Tobin Tax - on which the two nations...