London, United Kingdom – The United Kingdom government has signaled a significant escalation in its efforts to ensure tax compliance within the burgeoning cryptoasset market, announcing a comprehensive crackdown targeting individuals and businesses evading taxes on their digital asset profits. Under newly detailed plans, authorities aim to tighten the net on unreported gains through a…
LONDON — The United Kingdom government has formally rejected a proposal to impose a 5% levy on the domestic subscriber revenues of major streaming services. The decision, outlined in the government’s official response published on July 3, 2025, dismisses a key recommendation put forward by the House of Commons Culture, Media and Sport Committee. The…
London, UK — Business confidence among UK leaders experienced a significant deterioration in June 2025, with a key index recording a sharp decline that has erased approximately half of the gains observed since November. The Institute of Directors (IoD) Directors’ Economic Confidence Index, which serves as a barometer for the sentiment of UK business leaders,…
G7 Nations Reach Landmark Global Minimum Tax Agreement London, UK – In a significant development for international finance and corporate taxation, the Group of Seven (G7) leading industrialized nations have reached a landmark agreement on a global minimum tax, aimed squarely at countering aggressive tax planning and avoidance by multinational corporations. The accord, announced by…
LONDON – Taxation has surged to become the second most significant worry for businesses across the United Kingdom, according to the latest official data, surpassing concerns over inflation that have dominated recent economic discourse. The finding underscores a shifting landscape for UK enterprises grappling with increased cost pressures stemming from recent policy changes. The Business…
