Finance

The chancellor, Rishi Sunak, this week wrote to the government’s Office for Tax Simplification and asked the body to carry out a review of capital gains tax. The Treasury has tried to downplay suggestions that this means it is set…

Taxing times for exchequers have been made more taxing by a European court throwing out a demand that Apple pay €13bn (£11.8bn) in back taxes. The EU’s general court, its second highest, ruled that the European Commission was “wrong to declare” Dublin…

The traditional insurance model can seem fundamentally flawed. You pay a premium in advance and maybe receive a service later. But the insurer wants to keep that premium to themselves, so it’s in their interest not to pay out on…

WASHINGTON (Reuters) – U.S. factory output rose by the most in more than 74 years in June as motor vehicle production accelerated amid the reopening of businesses, but the nascent recovery in manufacturing activity was overshadowed by surging new COVID-19…

WASHINGTON (Reuters) – U.S. factory output rose by the most in more than 74 years in June as motor vehicle production accelerated amid the reopening of businesses, but the nascent economic recovery was overshadowed by surging new COVID-19 infections. That…

WASHINGTON (Reuters) – U.S. import prices increased by the most in more than eight years in June amid a surge in the cost of fuel, but the overall trend remained weak, suggesting inflation could stay tame despite a jump in…

(Reuters) – Top executives of Neiman Marcus, which filed for bankruptcy in May, do not deserve bonuses of up to $10 million unless they can show they boosted the luxury department store chain’s earnings, a U.S. Department of Justice lawyer…

(Reuters) – Asian shares look set to continue a march upwards as optimism over a coronavirus vaccine carry weight over the ongoing spread of the disease and simmering U.S.-China tensions. Australian S&P/ASX 200 futures rose 0.37% in early trading. Japan’s…

TOKYO (Reuters) – Nearly half of Japan’s companies have no immediate plans in place to help counter the impact of the coronavirus pandemic, although a third of those surveyed in a Reuters poll indicated they were looking to improve productivity…