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Tech titans divided over whether to pay billionaire tax or flee California
State residents worth more than $1bn could face one-off, 5% tax to help fund education, food assistance and healthcare A battle is brewing in California over a plan to tax billionaires – with tech titans divided over whether they should pay up, or flee the state. Under a tax proposal that could be put to…
Uber rewrites contracts with drivers to avoid paying UK’s new ‘taxi tax’
Hailing app will now act as agent rather than supplier outside London, avoiding VAT requirement Uber has swerved paying millions of pounds to the UK exchequer under Rachel Reeves’s new “taxi tax” after the ride-hailing app rewrote contracts with its drivers. The move came as rules announced in November’s budget took effect, which adjusted how…