Investors in film financing given chance to settle tax liability or risk disputes ‘accelerated to litigation’
Category: News Wire
Daily feed of the best news affecting your small and medium sized business SME / SMB from media and websites in Britain and across the world
George Osborne to unveil fracking tax breaks in Budget
George Osborne said that he will announce a tax regime to support drilling for shale gas and said Britain “must do more” to tap the natural resource.
‘We are not the bogeyman,’ Google tells MPs
Google’s UK policy chief has told MPs that the web search giant is not “the bogeyman” of the internet, as the embattled technology giant fought to restore its reputation.
Instagram denies having right to sell users’ photos
Facebook’s photo-sharing service Instagram has moved to deny that it has changed its privacy policy to give it the right to sell users’ photos to advertisers without notification.
Vince Cable orders inquiry into Comet failure
Unpaid tax and redundancy bill of £50m prompts business department to look into governance of high street electrical chain
Apple v Samsung: Judge rejects Apple plea for sales ban
A US judge has rejected Apple’s plea to ban sales of Samsung’s smartphones that violate its patents.
Comet closes remaining shops as losses hit £230m
Electricals chain collapsed into administration in November leaving suppliers, customers and the taxman facing losses
RBS still negotiating with FSA over Libor fine
Announcement expected soon from Royal Bank of Scotland about the size of its penalty for attempting to rig rates
Mark Carney cleared of breaking rules on political impartiality
Mark Carney, the future Governor of the Bank of England, has been accused of breaching rules of political impartiality at the Bank of Canada.
Business owner: “Why I won’t work with Balfour Beatty”
Small business owner Steve Sutherland sacrifices £5m in revenues in protest over the payment practices of construction giant Balfour Beatty.
UBS faces $1 billion day of reckoning over interest rate rigging
UBS AG is expected to be hit with a $1 billion (618.4 million pounds)-plus fine to settle charges of rigging Libor interest rates this week, making it the second bank to be brought to book for its role in the global scandal.
Barclay twins’ Ritz hotel pays no corporation tax
London’s high-end Ritz hotel has not paid any corporation tax in the 17 years since it was taken over by the reclusive Barclay twins.
John Lewis reports record sales in runup to Christmas
Retailers including Fortnum & Mason and Harrods report brisk trading while others say footfall up on last year
Regulators face new regime to reduce ‘crazy’ rulings
A crackdown on overzealous regulators could spell an end to “crazy” rulings such as a demand that a business pay for a flood review assessment for an offshore jetty extension.
UK car market defies predictions of triple-dip recession as Europe slumps
New UK car sales up 11.3% compared with 10.3% slump in Europe – with Greece down 47.2% and Germany off 3.5%
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