Finance ministers from France and Germany met in Paris to discuss the future of the financial transaction tax (FTT). Officials from both parties will be hoping to find common ground with regard to the definition and scope of the proposal.
The British Retail Consortium (BRC) has published a report calling for a new energy tax, which will act as an alternative to the “out of date” business rates system.
David Gauke, Exchequer Secretary to the Treasury, has rejected a 15 percentage point cut in VAT for the tourist sector, despite evidence it will boost GDP, create jobs and increase fiscal revenue.
