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Chase Bank Limits Cash Withdrawals, Bans International... Before you read this report, remember to sign up to http://pennystockpaycheck.com for 100% free stock alerts Chase Bank has moved to limit cash withdrawals while banning business customers from sending...

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Richemont chairman Johann Rupert to take 'grey gap... Billionaire 62-year-old to take 12 months off from Cartier and Montblanc luxury goods groupRichemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the...

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Cambodia: aftermath of fatal shoe factory collapse... Workers clear rubble following the collapse of a shoe factory in Kampong Speu, Cambodia, on Thursday

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Spate of recent shock departures by 50-something CEOs While the rising financial rewards of running a modern multinational have been well publicised, executive recruiters say the pressures of the job have also been ratcheted upOn approaching his 60th birthday...

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UK Uncut loses legal challenge over Goldman Sachs tax... While judge agreed the deal was 'not a glorious episode in the history of the Revenue', he ruled it was not unlawfulCampaign group UK Uncut Legal Action has lost its high court challenge over the legality...

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Apttus Announces Platinum Sponsorship of Salesforce Customer Company Tour in London

Category : World News

Salesforce Customer Company Tour Invites Attendees to Connect With Customers, Partners and Employees in Entirely New Ways With Social and Mobile Cloud Technologies

Originally posted here: Apttus Announces Platinum Sponsorship of Salesforce Customer Company Tour in London

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Smart plays on smartphones

Category : Business, Stocks

What’s the next big thing in mobile? Figuring out ways to invest in its phenomenal growth.

See original here: Smart plays on smartphones

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Pinewood studio expands into China

Category : Business

British film studio Pinewood Shepperton agrees a joint venture deal with Chinese media group Seven Stars to investigate ways to harness the growing entertainment market there.

Originally posted here: Pinewood studio expands into China

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Ignore the politics of envy and cut taxes further, financier argues

Category : Business

High-earning head of investment research at financial services company claims high taxes are counterproductive

Mark Dampier earns more than £150,000 a year and is celebrating the fact that his income tax bill will fall from 6 April as the 50% top rate drops to 45%. But the head of investment research for Hargreaves Lansdown reckons the chancellor should ignore the “politics of envy” and cut income tax rates even further.

“The more you put tax up, the more taxpayers try and find ways, legally, to mitigate it. In the last 10 years under Labour and this coalition it is noticeable that people are spending more time on seeking ways to reduce their tax bills, in contrast with the previous time period.

“The more you raise income tax, the more time is spent trying to stop it. A simple relatively low tax regime for all would give far less business to accountants and in the end give more money to the government.

“The problem is politics gets in the way, so at present the politics of envy are all around us. It makes for poor decision-making as it plays to the soundbite and gallery.

“What we need is a government and chancellor with some real guts to centre on reducing taxes and simplifying. Alas, instead we are surrounded by idiots who seem to be financially illiterate and are trapped in a Westminster bubble.”

REPEAT: BMO Nesbitt Burns Offers Tips on How to Save on Taxes Paid

Category : World News

- 63 per cent of Canadians unfamiliar with how dividend income is taxed; 58 per cent unfamiliar on how capital gains are taxed

- Strategies involving charitable donations, RRSPs, and TFSAs are among the many ways Canadians can reduce their overall tax bill

View post: REPEAT: BMO Nesbitt Burns Offers Tips on How to Save on Taxes Paid

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George Osborne limbers up for a tax crackdown

Category : Business

The chancellor faces a stern test in the Commons; Greggs is urged to cut down its ambitions; retailers look to the internet

As you may have read elsewhere, George Osborne has a big week coming up. On Wednesday he will deliver what must be the most eagerly unanticipated budget in decades – not least, presumably, by the chancellor himself, who after last year’s debacle, will attempt to redefine the term tax relief by escaping from the chamber with his red box intact.

Those who claim to know about these things are expecting a dull speech as, firstly, Osborne cannot really risk another downgrade to his political credit rating; and secondly, the country’s finances are still in such a pickle that he possesses few real options.

Still, the standard tactic in such situations is to launch an attack on tax avoidance – as Osborne did last year. Then he railed against dodgers holding expensive properties within “corporate envelopes” warning: “I will not hesitate to move swiftly, without notice and retrospectively if inappropriate ways around the new rules are found.”

Let’s hope he’s limbered up. Tax advisers have been peppering wealthy clients with notes suggesting clever ways of restructuring their property portfolios, while, as one expert puts it: “I don’t use the word lightly, but this whole [clampdown] is pretty much a farce and will have cost a fortune to set up and operate”.

City wants Greggs to start slicing back stores

Of all the measures George Osborne has been tempted to introduce this week, sticking VAT on freshly baked goods probably never attracted him.

You’ll recall he tried that last year with a move dubbed the “pasty tax”, leaving the bakery chain Greggs (among others) to claim that the move could have a “material impact” on its profits and force it to close some stores.

Osborne doesn’t talk much about that aborted effort these days, but the issue of Greggs and the odd store closure does recur – as we will likely hear this week when Roger Whiteside, the chief executive who is just a month into the job, has his first stab at a major results statement.

He needs to come up with something approaching a strategy to make Greggs look more appetising to parts of the City. Top of the menu, according to analysts at Liberum, will be greater investment in the shops, cutting the rollout of new stores, and being more aggressive on closing underperforming outlets. Still, the early signs of Whiteside’s ability to slash are not encouraging. The company’s corporate website features a video of his predecessor, Ken McMeikan, gushing about ancient plans to add 600 new stores.

Retailers hope for net gains

Not long ago, retailers were preoccupied by acquiring more and more stores. It used to cause a right old stink (particularly with the supermarkets), but now that a glorified version of mail order is back in vogue this dash for more shops seems oddly quaint.

Tesco is so worried that internet shopping will make its vast warehouses even more unattractive places to shop that it spent £50m last week in the hope that the prospect of a Giraffe burger (it’s the brand, not a food scandal) will make a trip to the supermarket a family day out. If that shows how desperate things have become, we will get another reminder about the growing influence of internet retailing this week with two key clothing companies updating the City.

The biggest of these will be Next – which you may have noticed still possesses the odd store. That’s fine, but the City is more interested in the website, a business perfected years ago with Next Directory and which prompted a Panmure Gordon upgrade last week.

Then comes pure internet retailer Asos, which is expected to continue impressing, as well as unveiling a US warehouse plus updates on new websites in Russia and China. It’s a sign of how fashionable Asos has become that these projects are viewed as exciting. For other sectors, they’d be risky.

Actually, the real Dow is 11% below its record

Category : Stocks

Adjusted for inflation, the blue chip index has a ways to go. But investors have something to cheer: Total returns are up 20% from October 2007.

Link: Actually, the real Dow is 11% below its record

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Boeing ‘set to offer 787 fixes’

Category : Business, World News

Boeing is expected to offer ways to fix the 787′s battery problems at a meeting with the US Federal Aviation Administration on Friday.

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Pot Hole Problem Prevention from Asda Money

Category : Stocks

Potholes are a growing problem on the UK’s roads, with motorists and cyclists facing an average of 6.25 potholes per mile(1). Asda Money looks at ways you can avoid potholes and the damage they can cause to your vehicle whilst driving.

Read this article: Pot Hole Problem Prevention from Asda Money

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Fresh vow to halt nuisance calls

Category : World News

The communications regulator vows to find ways to trace mystery companies that make nuisance marketing calls.

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