DRAFT FINANCE BILL: KEY POINTS December 6, 2011 ● R&D TAX CREDIT: HM Treasury has introduced a “patent box” – a reduced corporate tax rate of 10 per cent for earnings from patented products, which is aimed at encouraging innovation in science and tech. ● NON-DOMS: Non-doms will get tax relief on cash they bring into the country to invest in UK companies, [...]
Mancini riled by Rummenigge City tirade December 6, 2011 MANCHESTER CITY vs BAYERN MUNICH MANCHESTER CITY manager Roberto Mancini has hit back at the criticism of his club from Bayern Munich chairman Karl-Heinz Rummenigge ahead of tonight’s must-win Champions League showdown against the German giants. City have to beat Bayern and hope that Villarreal can earn their first point of the competition at home [...]
Airlines say air tax talks were a sham December 6, 2011 AIRLINES lined up to condemn the government’s stance on air travel yesterday, calling the government’s consultation on air passenger duty “a sham and a waste of taxpayers’ money”. The Treasury confirmed yesterday that the levy on passengers would jump by eight per cent in April, despite a massive lobbying effort by the airlines, who argue [...]
Ferguson: Uefa hearing won’t affect Rooney December 6, 2011 BASEL vs MANCHESTER UTD MANCHESTER UNITED manager Sir Alex Ferguson insists striker Wayne Rooney won’t be sidetracked by tomorrow’s Uefa disciplinary hearing into his three-match international suspension and is fully focused on tonight’s Champions League assignment against Basel. Rooney is set to learn whether his appeal against the three-game ban handed down for his dismissal [...]
MPs to grill 2012 bosses over budget December 6, 2011 A HOST of top London 2012 officials face a grilling from MPs next week after a government watchdog warned the Olympics is in danger of exceeding its £9.3bn budget and requiring further taxpayer funding. A National Audit Office report published yesterday highlighted the “real risk” that a drastic reassessment of security costs left little spare [...]
Auditors hit by Olympus probe verdict December 6, 2011 KPMG AZSA’s reputation took a hit yesterday when the independent investigation into Olympus released a report naming substandard external auditing as one of the central factors in the scandal. The report censured the Japanese auditing firm, of which Olympus was a long-standing client, for issuing unqualified clean opinions without in-depth evaluation and for neglecting to [...]
FA to review Suarez gesture December 6, 2011 FOOTBALL: The Football Association is reviewing photographic evidence that appears to show Liverpool striker Luis Suarez making an offensive gesture aimed at Fulham fans following Monday night’s defeat at Craven Cottage. Suarez, who was subjected to “cheat” taunts during the game, is already in hot water with the FA having been charged with making a [...]
O’Neill wants instant impact December 6, 2011 FOOTBALL: New Sunderland manager Martin O’Neill wants an instant reaction from his players so they can drag themselves away from the drop zone. O’Neill took over the manager’s position at the Stadium of Light on Saturday before watching the Black Cats squander lose 2-1 at Wolves. He said: “Sunday’s game against Blackburn is very important [...]
Ashton handed four-week ban December 6, 2011 RUGBY UNION: England wing Chris Ashton has been banned for four weeks after being found guilty by an RFU disciplinary panel of an act ‘contrary to good sportsmanship’. The Northampton star prompted a mass brawl by tugging the hair of Leicester’s Alesana Tuliagi during last Saturday’s Premiership clash.
SNAPSHOT OF A SCANDAL December 6, 2011 THE EXECUTIVES Masatoshi Kishimoto (far right) President 1993 – 2001 Tsuyoshi Kikukawa (right) President 2001 – 2011 Hisashi Mori former executive vice president – left Nov 2011 Hideo Yamada ex-internal auditor – left Nov 2011 “The core of management was corrupted and the surrounding portion was contaminated,” the report found THE WHISTLEBLOWER Michael Woodford Ousted [...]
