A pretty fair summary of what the Tea Party movement means for current US politics and the races leading up to the mid-term elections. For non-US readers who are unfamiliar with all this, the article is not a bad introduction. At least the Reuters report does not write it off as full of racist nutballs or religious bigots, and actually focuses on the anti-tax, anti-spending viewpoint of the Tea Pa...

Honesty is an attractive though rare quality in a politician, and Alistair Darling’s self-awareness and morose delivery always grabs attention. Last night, the former chancellor told a conference of bankers that the 50 percent levy on bonuses over £25,000 was a failure. The FT reports him saying: ‘I think it will be a one-off thing because, frankly, the very people you are after h...

Tempting as it is to single out Wall Street and to narrow a tax loophole widely employed on Wall Street, it is not justified, writes John Gapper

I was trying to figure out why they were paying them and then: Insiders denied that the September bonus round had been planned all along in a bid to avoid paying extra taxes. Ah, yes, the special 50% bonus tax was a “one off” wasn’t it? Applies only to bonuses paid before April

Leading statistical body questions Chancellor's claim that a £5.8bn tax grab from benefits, tax credits and public service pensions is 'fair'.

In an interview with Les Echos, EU Commissioner for Budget Janusz Lewandowski has said that proposals for an EU-wide tax will be unveiled on 29 September. “In total, we are working on eight options. Some of them could create difficulties, such as the levy on financial transactions – which would affect especially London and Frankfurt – or the transfer of revenues from CO2 emission...

Discussions on the possible introduction of a bank levy and an EU tax on financial transactions are expected to dominate the first meeting of EU economy ministers since the summer break, according to the meeting's draft agenda.

The British government's decision to cut corporate taxes has been backed by a survey

Police are preparing to shed almost 3,000 officers and SNP ministers to scrap the council tax freeze because of the looming crisis in public spending, it has been claimed.

In an interview with The Observer, the chief secretary to the Treasury seemed to dismiss the prospect of net tax cuts before the next general election, expected in 2015