Data published this week by the Office for National Statistics (ONS) shows that bonus payments paid in the whole UK economy were £1.7 billion ($2.6 billion) higher in April 2013 than in April 2012. This shifting of the bonus season – to avoid employees being hit by the higher rate of income tax – is a sign that at least some companies are shunning perceived reputational concerns about bonus deferral.
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Countries which care about fair taxation of tech multinationals and equitable global distribution of wealth should back the UN’s tax framework, writes economist Abdelmalek Riad
The cuts disproportionately affected staff in certain positions, the report also found; in other news, MHA announced the €24m acquisition of Baker Tilly South East Europe
Meanwhile, South Africa’s finance minister has accepted a court decision on suspending a VAT increase and US President Donald Trump mulls a 100% tariff on foreign films
Jaime Carey speaks about the benefits of his tax background, DEI values, the use of AI for a smarter legal practice, and other priorities that will define his presidency