TITLE

THE SMART MONEY

AUTHOR(S)
Smedley, Tim
PUB. DATE
July 2010
SOURCE
People Management;7/29/2010, p18
SOURCE TYPE
Periodical
DOC. TYPE
Article
ABSTRACT
The article focuses on the expected decline in income of top earners in Great Britain in 2010 due to looming higher tax rates, stricter rules and decline in pension allowances as the country struggles its way out of the recession. Income tax set by the government of former Prime Minister Gordon Brown for those earning 150,000 pounds a year is 50%. The annual tax-free pension allowance is expected to fall to 30,000-45,000 pounds from 255,000. Employees may also discourage from buying share options after capital gains tax was raised from 18% to 28%.
ACCESSION #
52810087

 

Related Articles

  • Budget 2015: key tax changes and implementation dates. Cawthron, Mark // Accountancy;Apr2015, Vol. 154 Issue 1460, p1 

    The article presents a link to a PDF file that shows implementation dates and effective dates for measures affecting income tax, charities, capital gains tax, inheritance tax, corporation tax, and changes to tax administration.

  • Labour MP proposes tougher anti-tax avoidance rules. Dale, Samuel // Money Marketing (Online Edition);9/21/2012, p7 

    The article reports on the announcement of Great Britain Parliament Member (MP) Michael Meacher regarding the government's plan to introduce a general anti-avoidance rule (GAAR) in 2012. It says that the said legislation will focus on direct taxes which include capital gains, income, and...

  • Chancellor sparks upsurge in music industry investment in wake of tax law changes. Masson, Gordon // Music Week;4/5/2008, Issue 14, p4 

    The article reports that the April 5, 2008 deadline for taxes has led financial institutions in Great Britain to hastily attempt investing in the music industry to take advantage of tax-friendly trusts. Changes in tax laws, especially capital gains taxes, has encouraged these financial...

  • CGT rise could see admin problems. Stodell, Hannah // Money Marketing;6/24/2010, p3 

    The article reports on the plan of the Government to raise the rate of the capital gains tax (CTG) to 28% for higher-rate taxpayers in Great Britain on June 22, 2010.

  • The weird and the marginal. Kennedy, Paul // Money Marketing;6/24/2010, p9 

    The article presents the author's perspectives on the 18% rate of capital gains tax (CGT) for basic-rate taxpayers and 10-28% increase for higher-rate taxpayers in Great Britain in 2010.

  • Tapering of annual allowance - adjusted and threshold incomes. Marketing, Money // Money Marketing (Online Edition);2/12/2016, p1 

    The article explains the difference between adjusted income and threshold income that are used to determine changes in a person's annual allowance. It mentions that both the adjusted and threshold income are taxable, with adjusted income including all pension contributions while threshold income...

  • Labour considers radical shake-up of capital gains tax. Dale, Samuel // Fundweb;3/5/2013, p13 

    The article reports on the plan of the Labour Party to overhaul the capital gains tax in Great Britain, following a report by former Institute of Directors director-general Sir George Cox into short-termism. The report recommends various changes into the tax regime including a 50 per cent tax...

  • Alan Higham: The dishonest pension tax relief debate. Higham, Alan // Money Marketing (Online Edition);11/17/2014, p1 

    The author discusses aspects of the potential removal of the pension tax relief in Great Britain. He is critical on the dishonesty of those who advocated for the removal of pension tax relief. He says that cutting tax relief is a stealth tax as it is being spun as redistributing an unequal tax...

  • Interpreting Tax Statutes.  // Statute Law Review;1997, Vol. 18 Issue 3, p169-s 

    The author reflects on the interpretation of fiscal tax legislation in the speeches at the Great Britain House of Lords by Lords Cooke and Steyn in the case Inland Revenue Commissioners (IRC) v. McGuckian on the application of Income and Corporation Taxes Act 1970 to tax avoidance scheme. Lord...

Share

Read the Article

Courtesy of VIRGINIA BEACH PUBLIC LIBRARY AND SYSTEM

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics