Any new tax on the rich won’t raise much money unless many of the exceptions and loopholes are dealt withIn this new era of rampaging oligarchs, nothing may seem as satisfying as slapping a tax on Elon Musk’s new trillion-dollar fortune. What most bothers Americans about federal taxes is that billionaires don’t pay their fair share. As the race to develop artificial intelligence mints more billionaires, policymakers’ temptation to directly tax their brobdingnagian wealth is becoming unbearable.The first state out of the blocks is California, where voters in November will decide whether to impose a one-time tax of 5% on fortunes worth more than $1bn. Given the ease with which plutocrats avoid paying income taxes, the case for this sort of direct tax on their stash appears unassailable. Continue reading...

28 Jun 2026 11:00 ✍️ RSS THE GUARDIAN

A parliamentary inquiry heard claims from one former employee that partners pursued ‘revenue growth at all costs’Follow our Australia news live blog for latest updatesGet our breaking news email, free app or daily news podcastKPMG partners leaked client information and mishandled the whistleblower who raised the alarm, an inquiry has heard. Top global and Australian managers, three law firms and government regulators all missed the signs.The firm has admitted unethical internal leaks but initially refused to hand over its investigations to regulators. Its London-headquartered international arm has issued a general apology but denied responsibility. Continue reading...

27 Jun 2026 20:00 ✍️ RSS THE GUARDIAN

The latest work buzzword describes feeling under-stimulated at your job – but you can break free from workplace monotonyThere is a woman I know who works in the accounts payable department at one of my clients. She’s in her late 40s and she’s been doing the same job for at least 10 years. Entering payables, reconciling expense accounts, matching documents, calling suppliers.Sound boring? Not to her. She’s happy, enjoys the routine and appreciates her employer. She’s not “rusting-out” – the latest workplace buzzword. Continue reading...

28 Jun 2026 14:00 ✍️ RSS THE GUARDIAN

Reports claim replacement being lined up for co-founder amid concern over high pay and company’s struggling share priceThe boss of Ocado has collected nearly £100m since the online grocery company floated on the stock market in 2010 despite its share price now languishing below its flotation level, analysis has shown.Tim Steiner, a former Goldman Sachs trader who co-founded the British technology company in 2000, is thought to be in discussions over his future after it emerged Ocado had approached at least one potential replacement. Continue reading...

28 Jun 2026 10:22 ✍️ RSS THE GUARDIAN

IOPC confirms complaints from three survivors of alleged sexual misconduct by late Harrods owner in addition to ongoing investigationSurvivors of abuse at the hands of the late Harrods owner Mohamed Al Fayed have complained to a watchdog about how the Metropolitan police handled allegations.More than 400 claims of sexual misconduct have been made against Al Fayed, including rape and human trafficking, dating between 1977 and 2014. Continue reading...

28 Jun 2026 12:24 ✍️ RSS THE GUARDIAN

Callum Turner wore one for three-day wedding to Dua Lipa, but the perennial favourite has never really gone awayIf Dua Lipa’s Chanel wedding dress was among the most anticipated fashion moments this summer, her new husband Callum Turner’s wardrobe is proving just as influential. But forget the bespoke Louis Vuitton morning suit – it’s all about his polo shirts, which he wore in Palermo during the couple’s lengthy nuptials this month.Turner’s polo of choice is a £75 terrycloth version by the French brand Octobre Editions, but he is far from the first to champion the preppy top that spans celebrity, sport and politics alike. During England’s first game at the World Cup against Croatia, the team’s manager, Thomas Tuchel, wore a merino wool polo shirt from Marks & Spencer. Pundits watching World Cup games – including Gary Neville and Patrick Vieira – were also wearing polos. For their post-match assessment of the Netherlands v Japan match, Roy Keane, Ange Postecoglou and Neville each wore a polo shirt in mint green, cream and beige respectively. And just last weekend, Andy Burnham appeared shortly after his Makerfield byelection win wearing a blue polo shirt with jeans and Birkenstocks. Continue reading...

28 Jun 2026 12:00 ✍️ RSS THE GUARDIAN

A niche type of fraud is lucrative enough for criminals to set up fake websites with dodgy software to harvest your dataAfter holding them for a few years, you have decided it is time to cash in your cryptocurrency holdings. The problem is, it is so long since you set up the digital wallet which manages them on your laptop, you have forgotten the lengthy access code.Stressed at the thought of losing thousands of pounds, you search and download a program which promises to recover the 24-word “seed phrase” which gives you access to your cypto assets. Continue reading...

28 Jun 2026 06:00 ✍️ RSS THE GUARDIAN