New U.K. chancellor cancels and lowers a slew of taxes both corporate and personal
Now, Mr Speaker, we come to tax – central to solving the riddle of growth. The tax system is not simply about raising revenue for public services, vitally important though that is. Tax determines the incentives across our whole economy. And we believe that high taxes reduce incentives to work, they deter investment and they hinder enterprise …Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.
Mr. Speaker, for the tax system to favour growth, it needs to be much simpler. I’m hugely grateful to the Office of Tax Simplification for everything they have achieved since 2010. But instead of a single arms-length body … we need to embed tax simplification into the heart of government. That is why I have decided to wind down the Office of Tax Simplification, and mandated every one of my tax officials to focus on simplifying our tax code.
Our drive to modernise also extends to alcohol duties… t this difficult time, we are not going to let alcohol duty rates rise in line with . So I can announce that the planned increases in the duty rates for beer, for cider, for wine, and for spirits will all be cancelled.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
‘Glass Onion: A Knives Out Mystery’ Starts With A Puzzling Invitation: Watch New ClipNetflix revealed a new clip from their upcoming whodunit sequel, 'Glass Onion: A Knives Out Mystery', during their Tudum fan event on Saturday, and, as expected, it left fans with more questions than answers! The upcoming film finds Daniel Craig's Detective Benoit Blanc back on the case with a new group of suspects in a new setting, an…
Read more »
More than 300 new mines needed to meet electric vehicle demand, says analyst | CBC NewsMore than 300 new mines will be needed globally to meet growing demand for electric vehicle (EV) batteries, according to a new forecast from a mining analyst.
Read more »
Musqueam history, heritage and culture showcased in new FIFA 23 video game – Terrace StandardMusqueam history, heritage and culture showcased in new FIFA 23 video game
Read more »
Millie Bobby Brown Returns In New Trailer For At ‘Enola Holmes 2’The game is afoot, and Enola Holmes is back on the case. During Netflix's 2022 Tudum event on Saturday, Sept. 24, the streamer shared a new trailer for 'Enola Holmes 2', featuring Millie Bobby Brown reprising her role as the mystery-solving younger sister of Sherlock Holmes. In the first film, released in 2020, the 'Stranger…
Read more »
Canada needs to give more support to UN’s new Agenda for PeaceRussia won’t stop its aggression. NATO-backed Ukraine won’t cease its counter-offensive. The threat of nuclear conflict is growing. Unspeakable brutalities are discovered every day. Everybody wants to curse the darkness. But there is one candle of hope.
Read more »
‘Hanged in Medicine Hat’: New book details Nazi murders in Alberta POW campOn Dec. 18, 1946, four diehard Nazis (plus a sex killer) climbed the fatal 13 wooden steps in an Alberta jailhouse and were hanged.
Read more »