You are here

Osborne closes tax net on multinationals, banks

UK Chancellor also radically reforms stamp duty on house purchases in his Autumn Statement

BT_20141204_NBUK4_1397123.jpg
Mr Osborne (left) and Danny Alexander, UK chief secretary to the treasury, leaving the HM Treasury building before heading to deliver the Autumn Budget Statement at the Houses of Parliament.

London

UK's Chancellor of the Exchequer George Osborne has closed the tax net on multinationals, shut a significant bank tax loophole and has radically reformed stamp duty on house purchases.

Multinational companies such as Amazon and Apple will have to pay a new 25 per cent tax on

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom