City AM reports (August 21, 2025): Tax-free pension lump sum could be slashed to fill Labour’s black hole By: Simon Hunt City Editor Thanks for reading! Subscribe for free to receive new posts and support my work. Tax-free lump sum withdrawals from pension pots could be slashed as Rachel
In the US, nobody in the middle class pays death tax, or estate duty or gift tax. In the UK, the position is more nuanced: https://www.gov.uk/government/publications/inheritance-tax-nil-rate-band-and-residence-nil-rate-bands-from-6-april-2028/inheritance-tax-nil-rate-band-residence-nil-rate-band-from-6-april-2028 Thanks for reading! Subscribe for free to receive new posts and support my work. There are two
HMRC (the UK tax authority) official guidance sets out the matter clearly: TSEM6241 - Legal background to trusts & estates: failure of trust provisions Thanks for reading! Subscribe for free to receive new posts and support my work. The terms of a trust should state what is to happen to
In the UK, the Companies Act 2006 sets out the rules at Part 17. Nicholas Campion explains (June 5, 2025) Thanks for reading! Subscribe for free to receive new posts and support my work. Company shares – paid, unpaid and partly paid Company shares can be fully paid, partly paid, or
Britain’s new Online Safety Law is causing worldwide chaos: Americans, Be Warned: Lessons From Reddit’s Chaotic UK Age Verification Rollout By Molly Buckley and Molly Buckley Thanks for reading! Subscribe for free to receive new posts and support my work. August 8, 2025 Age verification has officially arrived
As explained here: What are the OECD Pillar 1 and Pillar 2 international taxation reforms? Thanks for reading! Subscribe for free to receive new posts and support my work. Base erosion and profit-shifting refers to strategies developed by large multinationals to shift profits from high-tax to low-tax countries or tax
EFF reports: Blocking Access to Harmful Content Will Not Protect Children Online, No Matter How Many Times UK Politicians Say So By Paige Collings Thanks for reading! Subscribe for free to receive new posts and support my work. August 5, 2025 The UK is having a moment. In late July,
The International Tax Review reports Italy’s evolving tax audit rules face ECHR compliance test after key judgment Paolo Ludovici, Andrea Iannaccone, Marlinda Gianfrate Thanks for reading! Subscribe for free to receive new posts and support my work. August 14 2025 Paolo Ludovici, Andrea Iannaccone, and Marlinda Gianfrate of Gatti
EFF reports (July 13, 2024): Platforms Have First Amendment Right to Curate Speech, As We’ve Long Argued, Supreme Court Said, But Sends Laws Back to Lower Court To Decide If That Applies To Other Functions Like Messaging By David Greene Thanks for reading! Subscribe for free to receive new
The WPIF is founded on the principle of freedom in communication of information and ideas. Being an economics and tax policy platform, WPIF has little to say about Japanese anime. As widely reported: Thanks for reading! Subscribe for free to receive new posts and support my work. Ofcom £20,000
In Modern Monetary Theory, the Laffer Curve is a theory without an object. Taxation merely removes money from circulation, which money the State has placed into circulation, by currency creation. In that model, the only limit on taxation is the capacity of the State to issue new currency. This is
A must-read alarm bells warning by a senior tax analyst. Worth reading in full. I. Introduction I believe that the state of the federal income tax system1 is poor, and that the situation is the worst it’s been for at least the 50 years I’ve been practicing tax