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Tycoon Tax
The Tycoon Tax is a form of minimum taxation proposed by Nick Clegg, the Deputy Prime Minister of the United Kingdom and leader of the Liberal Democrats. The ideas of a Tycoon Tax form part of anti-tax avoidance measures, similar to those prepared by Warren Buffett.Clegg forced to go soft on ‘tycoon tax’ The Financial Times. The proposal states that there should be a legal minimum tax, written into statute. Any legal measures would therefore become illegal if the result was that the individual ends up paying less in tax than the threshold set by the government. Current suggestions are for a minimum tax threshold are around 20%. The T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taxation
A tax is a compulsory financial charge or some other type of levy imposed on a taxpayer (an individual or legal person, legal entity) by a governmental organization in order to fund government spending and various public expenditures (regional, local, or national), and tax compliance refers to policy actions and individual behaviour aimed at ensuring that taxpayers are paying the right amount of tax at the right time and securing the correct tax allowances and tax reliefs. The first known taxation took place in Ancient Egypt around 3000–2800 BC. A failure to pay in a timely manner (Tax noncompliance, non-compliance), along with evasion of or resistance to taxation, is punishable by law. Taxes consist of direct tax, direct or indirect taxes and may be paid in money or as its labor equivalent. Most countries have a tax system in place, in order to pay for public, common societal, or agreed national needs and for the functions of government. Some levy a flat tax, flat percentag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
2012 United Kingdom Budget
The 2012 United Kingdom budget was delivered by George Osborne, the Chancellor of the Exchequer, to the House of Commons on Wednesday 21 March 2012. It was the third budget of the Conservative-Liberal Democrat coalition government that was formed in 2010, and also the third to be delivered by Osborne. Its key points included a rise in the personal tax allowance, a cut in the top rate of income tax and in the rate of corporation tax, and a new level of stamp duty on high-value properties. Key measures Taxes Osborne announced that from April 2013, the annual personal income tax allowance will be raised from £8,105 to £9,205. It was estimated this would make 24 million people better-off by up to £220 per year. The 40% tax band will become applicable for incomes over £41,450 per year (a reduction of £1,025 from £42,475) and the top tax band for high-earners will be reduced to 45% from 50%; Osborne said the 50% rate introduced by the previous Labour government was "damag ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Labor Party
The Australian Labor Party (ALP), also simply known as Labor, is the major centre-left political party in Australia, one of two major parties in Australian politics, along with the centre-right Liberal Party of Australia. The party forms the federal government since being elected in the 2022 election. The ALP is a federal party, with political branches in each state and territory. They are currently in government in Victoria, Queensland, Western Australia, South Australia, the Australian Capital Territory, and the Northern Territory. They are currently in opposition in New South Wales and Tasmania. It is the oldest political party in Australia, being established on 8 May 1901 at Parliament House, Melbourne, the meeting place of the first federal Parliament. The ALP was not founded as a federal party until after the first sitting of the Australian parliament in 1901. It is regarded as descended from labour parties founded in the various Australian colonies by the emerging la ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Adam Bandt
Adam Paul Bandt (born 11 March 1972) is an Australian politician and former industrial lawyer who is the leader of the Australian Greens and federal MP for Melbourne. Previously, he served as co-deputy leader of the Greens from 2012 to 2015 and 2017 to 2020. He was elected leader following the resignation of Senator Richard Di Natale in February 2020. Bandt won his seat in the 2010 federal election, becoming the first member of the Greens elected to the House of Representatives at a federal election, and the second overall after Michael Organ, who was elected at a by-election. Bandt first contested the seat in 2007, narrowly losing to the Australian Labor Party's Lindsay Tanner. Following his success in the 2010 election, Bandt retained the seat in 2013, 2016, 2019, and 2022 elections. Early life and education Childhood and education Bandt was born in Adelaide on 11 March 1972. He is the son of Allan and Moira Bandt. His mother, a teacher and school principal, was born in E ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Australian Greens
The Australian Greens, commonly known as The Greens, are a confederation of Green state and territory political parties in Australia. As of the 2022 federal election, the Greens are the third largest political party in Australia by vote and the fourth largest by elected representation. The leader of the party is Adam Bandt, with Mehreen Faruqi serving as deputy leader. Larissa Waters currently holds the role of Senate leader. The party was formed in 1992 and is a confederation of eight state and territorial parties. In their early years the party was largely built around the personality of well-known Tasmanian politician Bob Brown, before expanding its representation substantially in the early part of the 21st century. The party cites four core values as its ideology, namely ecological sustainability, social justice, grassroots democracy, and peace and non-violence. The party's origins can be traced to early environmental movement in Australia, the Franklin Dam controversy, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guardian
''The Guardian'' is a British daily newspaper. It was founded in 1821 as ''The Manchester Guardian'', and changed its name in 1959. Along with its sister papers ''The Observer'' and ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. Since 2018, the paper's main news ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chancellor Of The Exchequer
The chancellor of the Exchequer, often abbreviated to chancellor, is a senior minister of the Crown within the Government of the United Kingdom, and head of His Majesty's Treasury. As one of the four Great Offices of State, the Chancellor is a high-ranking member of the British Cabinet. Responsible for all economic and financial matters, the role is equivalent to that of a finance minister in other countries. The chancellor is now always Second Lord of the Treasury as one of at least six lords commissioners of the Treasury, responsible for executing the office of the Treasurer of the Exchequer the others are the prime minister and Commons government whips. In the 18th and early 19th centuries, it was common for the prime minister also to serve as Chancellor of the Exchequer if he sat in the Commons; the last Chancellor who was simultaneously prime minister and Chancellor of the Exchequer was Stanley Baldwin in 1923. Formerly, in cases when the chancellorship was vacant, the L ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
George Osborne
George Gideon Oliver Osborne (born Gideon Oliver Osborne; 23 May 1971) is a former British politician and newspaper editor who served as Chancellor of the Exchequer from 2010 to 2016 and as First Secretary of State from 2015 to 2016 in the Cameron government. A member of the Conservative Party, he was Member of Parliament (MP) for Tatton from 2001 to 2017. He was editor of the ''Evening Standard'' from 2017 to 2020. The son of the Osborne & Little co-founder and baronet Peter Osborne, Osborne was born in Paddington and educated at Norland Place School, Colet Court and St Paul's School before studying at Magdalen College, Oxford. After working briefly as a freelancer for ''The Daily Telegraph'', he joined the Conservative Research Department in 1994 and became head of its political section. He went on to be a special adviser to Minister of Agriculture, Fisheries and Food Douglas Hogg and work for John Major at 10 Downing Street, including on Major's unsuccessful 1997 gen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lord Oakeshott
Matthew Alan Oakeshott, Baron Oakeshott of Seagrove Bay (born 10 January 1947), is a British Investment management, investment manager and member of the House of Lords, formerly sitting in Parliament of the United Kingdom, Parliament as a Liberal Democrats (UK), Liberal Democrat. Early life and education Matthew Alan Oakeshott was born on 10 January 1947 to Keith Robertson Oakeshott, Companion of the Order of St Michael and St George, CMG, and Eva (''née'' Clutterbuck). Oakeshott was educated at Charterhouse School, Charterhouse before reading philosophy, politics and economics University College, Oxford, graduating with a first, and attending Nuffield College, Oxford, graduating with a Master of Arts (Oxbridge and Dublin), MA. Life and career Oakeshott worked in the Government of Kenya, Ministry of Finance and Economic Planning of Kenya from 1968 to 1970. During 1970 to 1972, he undertook post-graduate studies at Nuffield College, Oxford, Nuffield College, Oxford, although he ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nick Clegg
Sir Nicholas William Peter Clegg (born 7 January 1967) is a British media executive and former Deputy Prime Minister of the United Kingdom who has been president for global affairs at Meta Platforms since 2022, having previously been vicepresident of global affairs and communications at Facebook from 2018 to 2022. Before joining Facebook, Clegg served as Deputy Prime Minister of the UK from 2010 to 2015 and as Leader of the Liberal Democrats from 2007 to 2015. He was Member of Parliament (MP) for Sheffield Hallam from 2005 to 2017. An " Orange Book" liberal, he has been associated with both socially liberal and economically liberal policies. Born in Buckinghamshire, Clegg was educated at Westminster School before going on to study at the University of Cambridge, University of Minnesota and College of Europe. He worked as a journalist for the ''Financial Times'' before becoming a Member of the European Parliament (MEP) in 1999. After his election to the House of Commons in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
HM Revenue And Customs
HM Revenue and Customs (His Majesty's Revenue and Customs, or HMRC) is a non-ministerial government department, non-ministerial Departments of the United Kingdom Government, department of the His Majesty's Government, UK Government responsible for the tax collection, collection of Taxation in the United Kingdom, taxes, the payment of some forms of Welfare state in the United Kingdom, state support, the administration of other regulatory Regime#Politics, regimes including the national minimum wage and the issuance of national insurance numbers. HMRC was formed by the merger of the Inland Revenue and HM Customs and Excise, which took effect on 18 April 2005. The department's logo is the St Edward's Crown enclosed within a circle. Prior to the Elizabeth II, Queen's death on 8 September 2022, the department was known as ''Her'' Majesty's Revenue and Customs and has since been amended to reflect the change of monarch. Departmental responsibilities The department is responsible for the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mitt Romney
Willard Mitt Romney (born March 12, 1947) is an American politician, businessman, and lawyer serving as the junior United States senator from Utah since January 2019, succeeding Orrin Hatch. He served as the 70th governor of Massachusetts from 2003 to 2007 and was the Republican Party's nominee for president of the United States in the 2012 election, losing to Barack Obama. Raised in Bloomfield Hills, Michigan, by George and Lenore Romney, he spent over two years in France as a Mormon missionary. He married Ann Davies in 1969; they have five sons. Active in the Church of Jesus Christ of Latter-day Saints (LDS Church) throughout his adult life, Romney served as bishop of his ward and later as a stake president for an area covering Boston and many of its suburbs. By 1971, he had participated in the political campaigns of both his parents. In 1971 Romney graduated with a Bachelor of Arts in English from Brigham Young University (BYU) and in 1975 he received a JD–MBA degree ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
