This year, MM&K celebrates 50 years in business as an independent firm specialising in executive remuneration, performance and remuneration governance. In that time, we have seen 13 Prime Ministers come or go and endured at least one recession every decade. We have also witnessed and continue to witness, significant changes in executive remuneration, owing to…

August 22, 2024 Read more >

Those of you who read my July article on this subject may well be wondering what happened to the Biden administration’s budget proposals, which threatened to significantly increase the rate of tax private equity managers in the United States would be required to pay on their income and their capital gains. Well, on 15th September,…

October 7, 2021 Read more >

The first report of the Office of Tax Simplification (“OTS”) when it was published in November 2020 caused headlines with its recommendations around increasing the rate of Capital Gains Tax (“CGT”).  Unsurprisingly, this caused press headlines and a strong response from the business community. In contrast, the publication of their second report into CGT has…

July 5, 2021 Read more >

The Chancellor’s Budget speech on March 3rd was preceded by months of speculation, driven by a report published by the Office of Tax Simplification back in November last year, that the rate of capital gains tax (CGT) in the UK might well be increased to come into line with income tax, i.e., 45% for additional…

March 29, 2021 Read more >

As part of its long-term strategy around taxation, the administration of tax and wider tax policies, HM Treasury have split out the aspects of the recent Budget that related specifically to these areas.  As a result, Tuesday 23rd March saw the publication of a raft of tax policies and consultations. The impact of this work…

March 27, 2021 Read more >

Introduction In July this year, the Chancellor, Rishi Sunak asked the Office of Tax Simplification (OTS) to carry out a review of Capital Gains Tax (CGT) to ‘identify opportunities relating to administrative and technical issues as well as areas where the present rules can distort behaviour or do not meet their policy intent.’ Publication of…

November 27, 2020 Read more >