Deutsche Bank's fourth quarter results will take a €1.5bn (£1.3bn) hit as it attempts to wrangle with Donald Trump's corporate tax reforms, it said today, as it warned on revenues.
Bank of America will give some of its employees a $1,000 bonus, citing the tax bill that was just signed into law.
Credit Suisse expects to take a write-down of $2.3bn during its 2017 fourth quarter following changes to the U.S. tax system, the Swiss bank said on Friday. RBS to pay £94 million to settle California mortgage bond claims
Bank of America expects to take a roughly $3 billion hit to fourth-quarter net income after the U.S. tax bill slashed corporate rates.
Taxes for Scotland’s highest earners will rise by £164m next year to help fund pay rises for public sector workers, modest tax cuts for lower earners and £400m extra for the NHS.
The former hedge-fund manager says the billionaires who lobbied to keep the loophole ought to "be ashamed."
Much has been written about the boost to corporations from lower taxes, but Citi pointed out there are also consequences
Tony Blair is backing one of the most controversial measures raised in Labour’s last manifesto, by supporting a new “land value tax” designed to help solve the housing crisis.
Barclays chairman John McFarlane has said the government's tax revenues will be significantly depleted if the UK does not secure a trade deal with the European Union.
Credit Suisse reported a net loss of 983 million Swiss francs ($1.05 billion) for 2017 on Wednesday.
Jeremy Corbyn has challenged Theresa May to publish her full tax return after he released his own document showing he paid almost £50,000 in tax on his earnings in 2016-17.
Swiss bank UBS has announced it will take a SFr 2.9bn write-down related to US tax law changes, while revealing it is creating a "unified global wealth management division" and is upping its dividend.