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Tax

Rachel Reeves has been prudent. Now she needs a purpose

LONDON — When Rachel Reeves was Britain’s shadow chancellor she liked to repeat an anecdote during interviews. The Labour frontbencher would often quote the advice she received from the party’s longest-ever serving chancellor, Gordon Brown. “Prudence is really important Rachel, but
30/05/2025

Billionaire tax won’t stop innovation in EU, insists economist Zucman

A minimum tax on the EU’s richest individuals will not discourage innovators and start-up founders from investing in the bloc, prominent economist Gabriel Zucman told POLITICO. “Innovation does not depend on just a tiny number of wealthy individuals paying zero tax,” Zucman said in an

Brexit Britain is flirting with the EU again — but Brussels is pretty busy

LONDON — Keir Starmer is promising British voters he’ll fix the Brexit-shaped hole in the U.K. economy, but Brussels appears to have quite enough on its plate. Days after Britain’s grim growth prospects were laid bare in the U.K.

EU carbon border tax goes easy on dirty Chinese imports, industry warns

BRUSSELS — Europe’s most energy-intensive industries are worried the European Union’s carbon border tax will go too soft on heavily polluting goods imported from China, Brazil and the United States — undermining
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