This week John Bull and Malli Kini look at the latest tax stories making headlines and it’s clearly not been a great week for some.
Former Liverpool star and Sky Sports pundit Phil Thompson has more to worry about than his Club’s recent cup exits, as he’s just lost his IR35 appeal, leaving him with a hefty £300,000 tax bill.
Across the pond, the US tax scene is heating up, with the Administration planning to slash the IRS workforce by 20% by mid-May, while one of President Trump’s ambitious goals is to eliminate taxes altogether for those earning under $150,000.
Meanwhile, Uber’s Supreme Court appeal in July could drive up private taxi fares by 20% if VAT comes into play, so enjoy your cheap rides while you can. And finally, with the Spring Statement just around the corner, John and Malli are crossing their fingers for a quiet one.
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