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Why a simplified tax regime is the need of the hour

Tax rules must be clear-cut if the government wants to lower tax arrears.
The Economic Times

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UK PARLIAMENT

UK PM backs $129 billion high-speed rail project

The Johnson government believes the new line stretching from the capital to Birmingham and then on to Manchester and Leeds is vital to revive the economy in regions that backed Brexit and voted for his Conservative Party in last December’s election.

Narayana Murthy's son-in-law Rishi Sunak named new finance minister of UK

Sunak is set to move into No. 11 Downing Street as he takes charge ...

Brexit deal cleared by EU Parliament; UK set to leave Friday

The European Parliament overwhelmingly approved Britain's departure terms from t...

  • Shaffaq Mohammed, a native of Mirpur in PoK is a Member of European Parliament (MEP) from the United Kingdom who is originally behind the draft resolution against the Citizenship Amendment Act (CAA) which is reportedly supported by 154 of 751 members of the European Parliament. It may, however, not receive support from majority of MEPs, ET has learnt.

    India is among the countries on the UK government's list for a new post-Brexit trade campaign.

    From a huge party in Parliament Square to a special light display on Downing Street, here's how the UK is planning to mark its departure fro...

    Johnson's Conservatives won a large majority in the lower chamber, the House of commons, at the Dec. 12 vote and lawmakers there quickly approved the legislation needed to ratify his exit deal with Brussels earlier this month.

    “There will not be alignment, we will not be a rule-taker, we will not be in the single market and we will not be in the customs union — and we will do this by the end of the year," Sajid Javid said, referring to a deadline at the end of 2020 for conclusion of what are expected to be contentious trade talks with the then-27 member EU.

    The UK will officially become a non-member of the European Union (EU) from Friday night, a certainty welcomed by Indian businesses operating in the UK as well as British businesses keen to expand into the Indian market.

    Earlier this month, some ratesetters indicated they might be in a position to reduce interest rates.

    The European Parliament's decision to delay voting on India’s new citizenship law followed intense diplomatic outreach by Indian diplomats and a message to the EU leaders that a vote on the CAA resolution could impact the upcoming Indo-EU summit in Brussels.

    Paving the way for the United Kingdom to leave the European Union later this month, British Parliament has voted in favour of Prime Minister Boris Johnson's Brexit deal.

    In what is being pegged as a very close election that could go down to the last vote on polling day on Thursday, the model that accurately predicted the outcome in the last election in 2017 reveals that unlike some of the previous surveys, the Conservatives can no longer be guaranteed a majority.

    The House of Commons voted 358-234 on Friday for the Withdrawal Agreement Bill. It will receive more scrutiny and possible amendment next month, and also has to be approved by Parliament's upper chamber, the House of Lords. But Johnson's commanding majority in Parliament means it is almost certain to become law in January.

    Johnson, who was re-elected in the December 12 General Elections said the "first item on his agenda" when he returned to London was delivering on the mandate of the people and taking the UK out of the EU. He vowed to govern "for everyone", not just those who backed him and the Conservative Party at the highly-divisive polls.

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