Tax officials were forced to apologise on Thursday after Whitehall's spending watchdog found HM Revenue and Customs had incorrectly claimed it was bringing in billions of pounds in extra tax.
The scale of Britain's growing inequality is revealed today by a report from a leading charity showing that the country's five richest families now own more wealth than the poorest 20% of the population.
Retailers are calling for a radical overhaul of the business rate regime that could see the tax based on energy use rather than property values.
High-profile business leaders in the U.K. have attacked plans by the country's main opposition party to reinstate a top rate of income tax if it came to power in 2015.
In the cut-throat world of retail, it is a David-versus-Goliath battle.
French judicial authorities probing bank UBS over allegations it illegally sold products designed to avoid French taxes visited the bank's Paris headquarters on Wednesday, a UBS spokesman said.
The European Union (EU) plans to close a loophole that allows companies to slash their tax bills by setting up offices in softer tax regimes, amid rising anger over the practices of multinationals such as Google, Amazon and Starbucks.
Footballers playing in France have planned a November strike, after proposals from French President Francois Hollande.
Sir Richard Branson makes great play of wrapping himself in patriotic trappings to promote his businesses, but Britain's best-known entrepreneur on Sunday revealed he had been living as a tax exile for the last seven years after moving his main residence to a private Caribbean island.
UK Treasury minister David Gauke has given the firmest indication yet of the government's determination to stamp out the kind of tax loopholes exploited by Google and Amazon to avoid UK tax.
David Cameron, Boris Johnson and Nick Clegg all admitted that they have made cash-in-hand payments to tradesmen as Downing Street struggled to control a debate on the morality of tax.