Frank Bisignano, the Trump administration’s newly installed IRS leader, has signaled a stronger push toward technology-driven efficiency. Mr. Bisignano – named chief executive of the IRS in October while also serving as Social Security Administration commissioner – said the agency doesn’t need more staff despite significant recent workforce reductions, arguing instead for modernizing operations and…

Scotland’s recent Budget brought increased tax burdens on families and businesses, writes Donna Brennan, a partner at Weightmans. The Budget overlooked Scotland’s unique legal and tax position, she says leaving many Scots facing increased liabilities. Inheritance tax, based on UK-wide assumptions, does not align with Scotland’s distinct legal system and more than 1.5m Scots pay…

Rachel Reeves has rejected claims from Robert Gordon University that a windfall tax is causing 1,000 job losses a month in the North Sea sector. The report, authored by Paul de Leeuw, blamed the fiscal regime, which includes the windfall tax on profits. Critics, including Stephen Flynn of the SNP, accused the Chancellor of ignoring…

KPMG reported global revenue of $39.8bn for the year ending September, marking a 5.4% increase. This growth outperformed its Big Four competitors, Deloitte, EY, and PwC, which reported lower growth rates. KPMG’s tax business saw a 7.5% revenue increase as clients navigated global tax reforms. The assurance division also grew by 6%, attributed to enhanced…

A report from the Resolution Foundation suggests Labour’s increase in employer NICs had driven up unemployment, with young workers being hit the hardest. The unemployment rate is expected to increase to 5.1% for October, up from 5% in September to hit a five-year high. Principal economist Nye Cominetti commented: “Young people again find themselves at…

Britain’s business rates overhaul is set to drive sharp tax rises for Christmas attractions, hotels and hospitality venues from April, prompting industry warnings of higher prices and closures. Analysis by tax firm Ryan shows seasonal sites such as Hyde Park’s Winter Wonderland, Lapland UK and Camden Lock Market facing steep increases, partly capped in the…