Foundations may reduce distributions by up to a fifth in response to spending plan’s tax rise on endowment profits
State and local governments worry credit for big projects could be used to offset cost of Donald Trump’s ‘big, beautiful bill’
Global companies lobby lawmakers to reject extra levies on countries deemed to treat US unfairly
HMRC department raised £1.5bn in 2023-24 tax year
Quitting the UK might save you a small fortune in tax, but could still cost you in other ways
US president signals he may cut billionaire’s contracts with the federal government
Government proposes changes to tax treatment of carried interest that will make the regime less onerous
Fossil fuel industry warns repeal of incentives could enable China to dominate production of the clean fuel
Wall Street titans increasingly voicing concerns over mounting debt due to government spending
This government inherited a mess but it also hobbled itself with tax pledges and a plan dependent on higher growth
The City gets road rage
Administration insists legislation will slash the deficit
MPs criticise agency for not disclosing phishing attack, which happened last year, sooner
Billionaire lashes out as US president urges Senate to pass his ‘big, beautiful’ fiscal plan
Growth forecast for 2026 cut to 1% from 1.2% as Britain ‘faces substantial downside risks to growth’
Polls project the country will pick a leftwing leader in Tuesday’s presidential vote
Most countries adopt new rules in broad strokes; the UK embroiders them into baroque detail
Thirty years on from the introduction of buy-to-let mortgages, landlords are struggling to make ends meet
Investors are fretting about a clause that would penalise foreign holders of US assets
Legislation would erode the appeal of US financial assets, warn banks and investors
Proposed levy would affect companies including Google and Meta
Billionaire’s comments are strongest rebuke of US president’s agenda yet
My wife is American and I’m British but we signed it in California
IMF has warned there are ‘significant risks’ associated with delivering the UK chancellor’s economic strategy
But fund warns that slim government headroom makes tax or spending measures necessary ‘if shocks arise’
