PERSONAL FINANCE NEWS August 3, 2011 INVESTORS TAKE A MEGA BITE OF APPLE Clients of Barclays Stockbrokers have named Apple their favourite technology stock. 57 per cent favoured Apple over other technology stocks, 11 per cent Google, while 10 per cent said they would be interested in investing in Facebook and Twitter if and when they float. Cisco Systems, the US [...]
Three ways to lower capital gains tax bills July 27, 2011 CAPITAL gains tax (CGT) soon adds up. Upon exceeding your allowance of £10,600, you will be charged either 18 per cent if a basic rate taxpayer, or 28 per cent CGT if a higher or additional rate taxpayer. There are a number of ways in which you can mitigate the pain from this second and [...]
Tax issues prompt 26pc of large firms to consider leaving the UK July 17, 2011 OVER a quarter (26 per cent) of large businesses are considering a full or part relocation abroad, with Britain’s high and complex taxes remaining their main cause for complaint. More than half (58 per cent) of the businesses eyeing a move to foreign shores cited tax issues as a leading factor, according to research by [...]
Britain needs its own Ronald Reagan July 5, 2011 HERO-WORSHIP is always a mistake. No statesman is perfect: all make mistakes. But Ronald Reagan – of whom a statue was unveiled in Grosvenor Square yesterday – was one of the few major figures of the 20th century to leave their country in a hugely better state than they inherited it. He helped America regain [...]
Britain needs its own Ronald Reagan July 4, 2011 HERO-WORSHIP is always a mistake. No statesman is perfect: all make mistakes. But Ronald Reagan – of whom a statue was unveiled in Grosvenor Square yesterday – was one of the few major figures of the 20th century to leave their country in a hugely better state than they inherited it. He helped America regain [...]
New rules on foreign profit could anger EU June 30, 2011 PLANS to overhaul the way the foreign profits of UK headquartered multinational companies are taxed could fall foul of European law, according to a top legal firm. The existing Controlled Foreign Companies (CFC) regime currently breaks EU law, following a landmark 2006 case involving Cadbury Schweppes. At that time, the European Commission said the British government [...]
WHAT THE OTHER PAPERS SAY THIS MORNING June 13, 2011 FINANCIAL TIMES PARCOM CAPITAL TO SELL SEE TICKETS FOR £120M See Tickets, one of the largest ticketing companies in Europe, is in the advanced stages of being sold by Dutch investment firm Parcom Capital for between £100m and £120m. The sale, which has reached second round bidding, has attracted interest from a handful of private [...]
Suitors circle cash-strapped firm AssetCo June 13, 2011 STRUGGLING fire engine provider AssetCo confirmed it was talking to more than one potential buyer for the company yesterday. The struggling firm said it was discussing its sale with a number of parties and talks were at “a developed stage” but said there was no certainty of an offer being made. City A.M. understands that [...]
Southern Cross fights for rent cut June 12, 2011 SOUTHERN Cross will sit down with landlords this week in a bid to settle its financial position and stave off administration. The care homes provider, which has a market cap of just £9m after months of financial trouble, is expected to try and thrash out a deal to make its sale-and-lease-back burden manageable. Its landlords, [...]
Brits probed over Swiss bank assets June 5, 2011 THOUSANDS of HSBC customers with money in Swiss bank accounts are to be investigated by the taxman. The details of 7,000 British clients have been obtained by HM Revenue & Customs, after a whistleblower leaked the data. The accounts in question hold combined assets of about £13bn and could net HMRC millions of pounds in [...]