Tax breaks for offshore profits

The EU has launched an investigation into a tax loophole created by the UK government in 2012 which means firms pay less tax. It enables multinationals to divert profits into subsidiary companies held offshore and only pay a quarter of the tax they would. Following the publication of the Paradise Papers critics are calling for these rules to be changed.

More than £100 million was stolen from bank accounts in just six months this year by thieves who persuaded people to send them money. Now the Payment Systems Regulator has set out its plans on how to tackle this growing crime. They said that banks were not doing enough to protect customers and should reimburse them for the money lost. Currently banks typically refuse to reimburse victims in these cases.

Last year the number of parking tickets issued by private firms rose by a third. Almost all offer an initial discount to encourage you to pay it quickly. If you don't, the fine will increase over time. But by paying quickly Money Box discovers that you jeopardise your chance to appeal.

National Savings will raise rates on all its savings accounts by a quarter of one percent from December, in line with the change in Bank Rate announced last week. Will the move encourage other savings providers to make changes?

Presenter: Paul Lewis
Reporter: Vivienne Nunis
Producer: Alex Lewis
Editor: Andrew Smith.

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30 minutes

Last on

Sun 12 Nov 2017 21:00

The Death of Retirement

The Death of Retirement

Money Box explores what retirement might look like in the future,

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