The UK Public Accounts Committee (PAC) heard from HM Revenue and Customs (HMRC) at its hearing on December 7 on the UK's response to the Panama Papers leak and the tax avoidance connected to image rights.

Amber Rudd was once the director of two companies based in the offshore tax haven of Bahamas, leaked documents have revealed. The Home Secretary was a director of Advanced Asset Allocation Management and Bahamian firms Advanced Asset Allocation Fund between 1998 and 2000.

Washington leaders can help tax reform succeed in 2017 by planning now.

Big Wall Street banks are asking the U.S. Federal Reserve to grant them an additional five-year grace period to comply with a financial reform regulation known as the Volcker rule, people familiar with the matter said.

Although tax season came to a close last month, April kicks off another tax cycle for freelancers and other self-employed workers. Estimated tax payments are due each quarter. The first payment was due on April 18 this year, the same day as 2015 tax returns.

Employment in the private sector rose more than expected in June, led by gains in small-business jobs, according to a report Thursday from ADP and Moody's.

Federal Reserve Vice Chairman Stanley Fischer said Friday that it was too soon to tell whether Britain's vote to leave the European Union had changed the U.S. economic outlook.

The market is underestimating the Federal Reserve's willingness to hike interest rates at its meeting next month, strategists told CNBC on Monday.

A closely followed Fed official said Thursday he would favor a rate hike this year if the economy performs in line with forecasts for growth, employment and inflation.

Prime Minister David Cameron has said that in-work tax credit cuts will not be reviewed in the Autumn budget statement and will be pressed ahead. Despite calls from within the PM's Conservative party to reconsider the the policy, Cameron said that the government will impose the credit cuts, arguing that it is a good system and that the rise of the minimum wage to a living wage will make up for the cuts.