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Should the government raise more money from capital gains tax?
The chancellor, Rishi Sunak, this week wrote to the government’s Office for Tax Simplification and asked the body to carry out a review of capital gains tax. The Treasury has tried to downplay suggestions that this means it is set…
Apple has won its tax battle – but the war is far from over
Taxing times for exchequers have been made more taxing by a European court throwing out a demand that Apple pay €13bn (£11.8bn) in back taxes. The EU’s general court, its second highest, ruled that the European Commission was “wrong to declare” Dublin…
The cycling insurance company putting riders before premiums
The traditional insurance model can seem fundamentally flawed. You pay a premium in advance and maybe receive a service later. But the insurer wants to keep that premium to themselves, so it’s in their interest not to pay out on…
U.S. manufacturing snaps back; resurgence in COVID-19 cases seen slowing momentum
WASHINGTON (Reuters) – U.S. factory output rose by the most in more than 74 years in June as motor vehicle production accelerated amid the reopening of businesses, but the nascent recovery in manufacturing activity was overshadowed by surging new COVID-19…
U.S. manufacturing snaps back; new COVID-19 cases threaten recovery
WASHINGTON (Reuters) – U.S. factory output rose by the most in more than 74 years in June as motor vehicle production accelerated amid the reopening of businesses, but the nascent economic recovery was overshadowed by surging new COVID-19 infections. That…
U.S. import prices post biggest gain in more than eight years
WASHINGTON (Reuters) – U.S. import prices increased by the most in more than eight years in June amid a surge in the cost of fuel, but the overall trend remained weak, suggesting inflation could stay tame despite a jump in…
Neiman Marcus must justify executive bonuses: U.S. Justice Department lawyer
(Reuters) – Top executives of Neiman Marcus, which filed for bankruptcy in May, do not deserve bonuses of up to $10 million unless they can show they boosted the luxury department store chain’s earnings, a U.S. Department of Justice lawyer…
Asian markets look to continue upward run on vaccine hopes
(Reuters) – Asian shares look set to continue a march upwards as optimism over a coronavirus vaccine carry weight over the ongoing spread of the disease and simmering U.S.-China tensions. Australian S&P/ASX 200 futures rose 0.37% in early trading. Japan’s…
Huawei security chief: UK ban is not related to US claims of security risks
New York (CNN Business)The United Kingdom this week dealt a major blow to Huawei by banning equipment made by the Chinese tech giant from its telecom networks, shutting Huawei out of a role in building the country’s superfast 5G wireless…
Japan firms see no immediate fix for virus pain, some eye better productivity: Reuters poll
TOKYO (Reuters) – Nearly half of Japan’s companies have no immediate plans in place to help counter the impact of the coronavirus pandemic, although a third of those surveyed in a Reuters poll indicated they were looking to improve productivity…
Fauci says he doesn’t like “to be pitted against the president”
In response to the multiple attacks on his credibility he’s recently faced from…