The Business Times

Taxes

International

Trump says he may cut income tax ‘completely’ because of tariff income

Billionaires such as Checkout.com founder Guillaume Pousaz and Revolut chief executive officer Nik Storonsky have already exited the UK amid the scrapping its non-dom system that allowed tax breaks on overseas wealth for as long as 15 years.
International

Britain tries to fix its frayed relations with world’s rich

Shares of UK’s biggest banks led the FTSE 100 index higher after Reeves’ announcement finally put to rest their fears that she would revive a windfall tax on bank earnings.
Banking & Finance

Bankers groan at UK tax rise even as lenders rally after Budget

Billionaires have exited the UK amid the changes, which went further than measures outlined last year from the then-ruling Conservative Party.
International

UK expects bigger non-dom tax take despite billionaire exits

Britain's Chancellor of the Exchequer Rachel Reeves has announced sweeteners such as above-inflation rises to the minimum wage and pensions, along with freezes on rail fares and prescription charges ahead of the budget.
International

UK to unveil tax-raising budget

Reeves has maintained that she needs to show the markets that the UK government is fiscally prudent and needs to raise £30 billion to balance the books.
International
NEWS ANALYSIS

All eyes on UK’s Reeves and her tax moves at Nov 26 Budget

British PM Keir Starmer and finance minister Rachel Reeves scrapped earlier plans to raise income tax rates due to concerns the move would anger voters and deepen tensions with discontented Labour lawmakers, the report said.
International

UK’s Starmer, Reeves ditch budget plan to increase income tax rates: FT

A new, targeted sales tax on luxury and branded goods and equipment can generate additional tax revenue, and also serve as a progressive tool to reduce income inequality .
Opinion & Features
LETTER TO THE EDITOR

Sustaining Singapore’s edge as a global financial and wealth hub

First announced in 2024, the levy is part of the Singapore Sustainable Air Hub Blueprint for how to reach net-zero aviation emissions by 2050.
Singapore

Economy passengers to be charged S$1 to S$10.40 sustainable fuel levy from Oct 2026

Last year, British finance minister Rachel Reeves imposed a big tax rise on employers’ social security contributions to raise money for infrastructure spending, which hurt business confidence.
International

UK’s CBI tells Reeves to break tax promises and build fiscal headroom

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