Oregon has expressed interest in British Columbia’s carbon tax, but a European-style carbon market for North America is not on the cards, say advisers.
The First Tier Tax Tribunal in the UK ruled that organisers of broker clubs, which help member brokers gain access to better terms with larger insurers, must charge full UK VAT at 20%.
The UK government has been one of the staunchest opponents of the financial transaction tax (FTT). But the opposition Labour party is warming up to the idea, and with the party substantially ahead in the polls, it could put the UK on course to support the FTT after the 2015 general election.
The Court of Appeal has delivered bad news for the UK airports operator, which will not be able to recover VAT on professional fees for advice in connection with the acquisition of BAA by a holding company.
