The Budget sent mixed messages on tax certainty March 22, 2012 WE’VE had good news, bad news, and surprising news from the Budget. The UK looks attractive, partly due to financial tension in Europe. The question is whether the Budget added to or reduced the UK’s appeal as a place to do business. The answer, unsurprisingly, is mixed. The reduction of additional rate income tax from [...]
Even Disney can’t pick a winning movie script March 22, 2012 SPARE a thought for the Mouse. Disney’s latest movie spectacular, John Carter, has lost the company $200m (£127m) after a disastrous opening. Meanwhile The Hunger Games opens at cinemas today (see p.32 for our review) on speculation that it will achieve a record-breaking run. Lionsgate, the studio responsible, has seen its stock rise some 75 [...]
RAPID RESPONSES March 22, 2012 Spun up [Re: Ken Livingstone is blameless in his tax planning, Wednesday] Doug Richard makes some valid points, but the tenor of his article is misguided. The media is right to focus on hypocrisy wherever it spots it. Politicians are too ready to criticise individuals or companies, particularly if the story can be spun to [...]
There was some good news in this timid Budget but we need a strategy for growth March 21, 2012 IT’S hard to work out where George Osborne draws his lines in the sand. But, in so far as he draws them anywhere, yesterday’s Budget indicates he doesn’t always draw them in the right places. So, while there were some welcome steps in taxation policy, it seems nearly impossible to detect a coherent strategy. Initially, [...]
Amazon’s gorilla warfare teaches a tactical lesson March 21, 2012 PUBLISHING is full of contradictions. Over the last decade, business book publishers have been full of advice they never followed themselves. The industry that brought us the handbook for the digital age, The Long Tail, didn’t attend to its prediction that mass markets would fragment into thousands of micro markets. Did You Spot The Gorilla, [...]
Romney’s rivals won’t quit as his lead grows March 21, 2012 DAYS before voters in Illinois went to the polls, Rick Santorum described November’s presidential election as “the most important since 1860.” Absurd historical analogies are usually more Newt Gingrich’s thing, but Santorum got one thing right. His candidacy for the presidency, like Abraham Lincoln’s over 150 years ago, is now history. Even with a victory [...]
RAPID RESPONSES March 21, 2012 Red-handed Ken [Re: Ken Livingstone is blameless in his tax planning, yesterday] Doug Richard misses the point in his article regarding Ken Livingstone’s tax affairs. No criticism has been made of the practice of an individual setting themselves up as a business to regulate their income. All the condemnation of Livingstone stems from his past [...]
George Osborne’s plans for government-backed credit will be a terrible mistake March 20, 2012 TODAY is Budget day and I fear the chancellor is about to announce some really bad proposals to offer extra credit to house-buyers, small business owners and school-leavers. These are based on ideas spawned from the financial crisis’s original sin: the fallacy that what ails the economy is too much free-market capitalism, rather than too [...]
Ken Livingstone is blameless in his tax planning March 20, 2012 GEORGE Osborne will stand up today and announce a major clampdown on tax avoidance. Despite what some would have us believe, this should not target Ken Livingstone or people like him. I’ll be clear from the outset – I have no affection for Livingstone. I disagree with his policies, his personal views and the relationships [...]
Ideological companies are not the way to go March 20, 2012 APPLE has accumulated a “cash pile” of about $100bn. Until yesterday, when its chief executive, Tim Cook, announced a plan to pay out $45 billion in dividends, there was speculation about how the money might be spent. Some suggested philanthropy. Cook should be proud of resisting the temptation. “Corporate philanthropy” is one of those expressions [...]