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Oct 27, 2024 | 
inews.co.uk | Arun Advani
The Labour government came to power with a promise to sort out public services, while ensuring that “working people” do not pay more in tax. That is a tall order, since changes to the tax rates of the biggest taxes – income tax, national insurance Contributions (NICs), VAT and corporation tax – have all been ruled out. But it isn’t impossible.
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Oct 4, 2024 | 
newstatesman.com | Arun Advani
On October 30, Rachel Reeves will present the first Labour budget in almost fifteen years. Looking back over a decade and a half of economic stagnation, she says that her priority is growth. Growth is clearly a good thing. Despite the protestations of a few, it is hard to argue that we should not want to be able to produce more from less. It would allow us to maintain our standard of living while reducing our use of the planet’s resources.
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Sep 23, 2024 | 
newstatesman.com | Arun Advani
On October 30, Rachel Reeves will present the first Labour budget in almost fifteen years. Looking back over a decade and a half of economic stagnation, she says that her priority is growth. Growth is clearly a good thing. Despite the protestations of a few, it is hard to argue that we should not want to be able to produce more from less. It would allow us to maintain our standard of living while reducing our use of the planet’s resources.
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Jun 18, 2024 | 
economicsobservatory.com | Arun Advani
Prior to the election being called, the government had plans for increased public spending on health and defence. These sat alongside further cuts to so-called ‘unprotected departments’, including justice and local government. At a time when prisons are already full and some local authorities are having to sell assets – including land and buildings – to pay their bills, this would certainly not be easy to deliver.
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May 6, 2024 | 
theguardian.com | Hannah Moore with |Arun Advani |Rudi Zygadlo
The chancellor, Jeremy Hunt, announced in his spring budget that the government was going to scrap the “non-domicile” regime, which has allowed the multi-millionaire Bassim Haidar and 68,800 other non-doms to avoid paying UK tax on their overseas income for the past 225 years. It will raise £2.7bn a year. The Guardian’s wealth correspondent, Rupert Neate tells Hannah Moore about interviewing Haidar over his decision to leave the UK because of the end of the non-dom regime.
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Feb 29, 2024 | 
theguardian.com | Arun Advani
With less than a week to the budget, the chancellor is mulling whether to poach one of Labour’s headline policies and scrap non-dom status, which gives generous tax breaks to some of the UK’s wealthiest residents. Who would actually be affected, and what would happen if he went ahead? Who are the non-doms? Being ‘non-dom’ means living in the UK but claiming that your permanent home (‘domicile’) is abroad.
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Dec 28, 2023 | 
theguardian.com | Arun Advani
Since the summer, there have been rumours that the government is looking to cut inheritance tax. The prospect of an early election has only heightened speculation that this is coming in the March budget. While commentators and pundits argue over the question of whether or not a cut is coming, they miss the more important question: how would an inheritance tax cut be made? When he stands up on 6 March, Jeremy Hunt will have two options for how he could make such a cut.
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Sep 4, 2023 | 
msn.com | Arun Advani
In the aftermath of the Russian invasion of Ukraine, the UK government promised to clean up dirty money flowing through London. As part of this, new legislation passed last year was supposed to make it harder for kleptocrats to use the UK property market to launder ill-gotten gains. Introducing the measures, Boris Johnson, then the prime minister, said in March 2022 “what we are bringing forward now is the exposure of the ownership of properties in London, and across the whole of the UK”.
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Aug 31, 2023 | 
taxjournal.com | Arun Advani |Emma GillZoe Chamberlain |Carrie Rutland
Border procedures: how to improve the temporary admission procedure in the UK by simplifying procedures for traders and individuals (closes 22 September). Business rates: measures to address ‘avoidance evasion and poor rating agent behaviour within the business rates system’ (closes 28 September). Customs declarations: how they can be streamlined and how technology can be used in an effective and cost effective way (closes 8 September).
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Aug 31, 2023 | 
taxjournal.com | Arun Advani |Emma GillZoe Chamberlain |Carrie Rutland
Pillar OneThe OECD has published another consultation document on Amount B of Pillar One (previous consultations together with comments received can be accessed from the OECD's planned stakeholder input in OECD tax matters page). Amount B aims to provide a 'simplified and streamlined approach' to the application of the arm’s length principle to in-country baseline marketing and distribution activities, with a particular focus on the needs of low-capacity countries.
