The G7 corporation tax proposal is misguided - and will hinder British competitiveness
A better solution would be to merge all taxes on capital into a new, single levy on all cash flows as they leave corporate structures.
5 June 2021 • 10:00pm
The world is in desperate need of tax reform, but the G7 agreement signed by Rishi Sunak creates more problems than it solves. It will be almost universally hailed as a triumph: in reality it is, on balance, a flawed deal that could hamper Britain’s long-term ability to compete and would cartelise the global economy at a time when electorates, post-Brexit, want to take back control.
Pushing Portugal onto the amber list will hit tourism hard
This backward step suggests Britain remains trapped in a state of excessive fear.
3 June 2021 • 10:00pm
Any British citizen in Portugal, or planning to visit, received a shock yesterday: the country will be coloured amber on the Covid travel list as of Tuesday at 4am, amid rising cases and fears about variants. Anyone returning home after that point will have to quarantine for 10 days and take at least two PCR tests. This leaves just 11 countries or territories on the green list, including unlikely destinations such as the Falkland Islands.
People did their best to follow the rules, spending considerable amounts of time and money on testing – only now to find themselves condemned to quarantine or forced to cancel their holidays. Portugal was the only real avenue left open to the tourist industry. The realisation that the situation could change so quickly will have a knock-on-effect for bookings, profits and jobs, part