As David Cameron begins an EU offensive on tax avoidance, a charity accuses the Government of hypocrisy in its approach. 7:16am UK, Wednesday 22 May 2013.

Britain will be advised to sell off the state's holdings in the Royal Bank of Scotland and Lloyds Bank by the International Monetary Fund (IMF) in a move that will embolden George Osborne as he attempts to justify his economic strategy.

The annual rate of inflation eased to 2.4 per cent last month, thanks to falls in petrol prices and air fares, the Office for National Statistics reported yesterday.

Wed May 22, 2013 2:01am EDT. * Bank of Japan upgrades economic assessment, stands pat as expected. * BOJ might ease for up to 5 years to achieve price goals-Reuters poll.

The taxman had expected to save �8bn by 2015 from reducing errors and fraud in the administration of tax credits, but is expected to miss its target by �5bn.

Fiat Industrial aims to move its tax residency to the UK from Italy after a merger with US business CNH to take advantage of a lighter fiscal regime, according to a regulatory filing.

A congressional hearing into Apple Inc. (AAPL)'s use of offshore tax shelters called attention to how U.S. companies lower their taxes, and underscored the difficulty Congress confronts when trying to end the practice.

The Institute of Directors claimed the fledgling industry could create 74,000 jobs, more than double its previous estimate of the industry's potential.

Homeserve's shares jumped more than 10 per cent as the company revealed a smaller than anticipated �6m provision for legal costs and fines it is expected to incur for mis-selling home repairs insurance.

The car dealership group - which was established in 2006 with the aim of consolidating the fragmented automotive retail sector - has agreed to pay Co-operative Group Motors �31m cash for Albert Farnell Ltd, a 65-year-old Yorkshire-based business mainly ...