Government to end tax scheme as part of energy company crackdown

Government announce plans as chancellor accuses gas and electricity distributors of trying to game the tax systemFresh attempts to crack down on alleged abuse by energy companies were underway last night with the UK government announcing plans to end a £900m “windfall” tax scheme, and a further inquiry into BP over possible fuel price fixing […]
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Woolwich attack: caution urged over crackdown on extremist websites

Theresa May’s comments prompt internet experts to warn that rush to ban websites would be crude and counterproductiveExperts have urged caution in the face of pressure on internet companies to remove extremist websites and calls by MPs and others for a clampdown on the dissemination of online jihadist rhetoric.The home secretary, Theresa May, said on […]
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Angola’s poor people hit hard by urbanisation crackdown in Luanda | Lilly Peel

Forced evictions and illegal housing demolitions have become the norm for people in the overcrowded Angolan capitalThe Angolan government says it is waging “a sustained war against chaotic urbanisation”, but this appears to have become a war against poor people.The most extreme examples are in Luanda, a city bursting at the seams. Around half a […]
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HMRC in offshore tax evasion crackdown after receiving fresh data

Biggest tranche of information ever received by HMRC contains 400GB of information on offshore tax evasionA fresh crackdown on offshore tax evasion has been launched after HM Revenue and Customs said it had received data showing extensive use of schemes to hide assets.HMRC is working with the United States and Australia to analyse 400GB of […]
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TalkTalk hit with £750,000 ‘silent call’ fine

Ofcom investigation reveals that during a two-month period TalkTalk exceeded the ‘silent calls’ limit by a substantial amount and failed to keep adequate records of callsTelecoms giant TalkTalk has been fined £750,000 for making an excessive number of abandoned and silent calls to potential customers.Silent calls are caused by automated systems known as diallers, which […]
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Interest-only mortgage crackdown may have gone too far, regulator warns

As many major lenders pull out, the FCA fears it may become impossible for ordinary people to get an interest-only mortgageSo many major lenders have pulled out of interest-only mortgages that the regulator is worried consumers could suffer. The exodus from these loans, which allow home buyers to only repay the interest each month, has […]
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George Osborne limbers up for a tax crackdown

The chancellor faces a stern test in the Commons; Greggs is urged to cut down its ambitions; retailers look to the internetAs you may have read elsewhere, George Osborne has a big week coming up. On Wednesday he will deliver what must be the most eagerly unanticipated budget in decades – not least, presumably, by […]
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