Starbucks paid £7.2m in UK corporation tax despite gross profit of £149m
Starbucks paid a low £7.2m in UK corporation tax last year despite making a gross profit of £149m on sales of £548m in Britain.
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Vermont Tax Proposals Would Leave the State and Vermonters Behind
The text discusses Vermont tax proposals that include adopting the nation’s highest corporate income tax and the second-highest individual income tax.
Finanshels launches AI WhatsApp Service for Corporate Tax Registration – My Startup World – Everything About the World of Startups!
Finanshels.com has introduced an AI WhatsApp bot that simplifies corporate tax registration in the UAE, reducing the process to a 4-document upload completed in under 5 minutes. This service, with a fee of 199 AED, aims to democratize tax registration for small and medium business owners, offering an efficient and cost-effective alternative to traditional methods. The project is supported by the Mohammed Bin Rashid Fund and has received positive feedback from users, with over 500 companies already adopting the platform. This innovative solution represents a shift towards digital fluency in the UAE’s commercial sector, aligning with the country’s Vision 2030 goals.
Calls for transparency on First Lady, ’s social support fund
Fact: MPs called for more transparency over the social support fund managed by the First Lady during a House ethics committee meeting.
Cypriot employers ask for tax overhaul | eKathimerini.com
Employers in Cyprus are advocating for a comprehensive overhaul of the tax system, proposing significant changes aimed at boosting economic activity and competitiveness. They are calling for adjustments to individual tax rates, including reducing taxes on interest earned from savings to 10%, raising the tax-free threshold, introducing a “mortgage relief” program, and granting couples/single parents the option to file taxes separately or jointly. Employers are also pushing for changes to corporate taxation, advocating for the elimination of taxes on certain dividends, raising the corporate tax rate to 15%, and reducing the tax rate on dividends from 17% to 5%. They are also proposing changes to various aspects of the tax system, including lowering the capital gains tax, simplifying transfer pricing rules, and providing tax incentives for companies engaging in mergers and acquisitions, startups, and investments in the research and green sectors. Additionally, they are prioritizing green taxation with recommendations for tax breaks for investments in eco-friendly industries and incentives for purchasing energy-efficient buildings and solar panels.
Google to destroy browsing data to settle consumer privacy lawsuit
Google agreed to settle a lawsuit by destroying billions of data records related to secretly tracking the internet use of people who thought they were browsing privately.
Microsoft to separate Teams and Office globally amid antitrust scrutiny
Microsoft will now sell its chat and video app Teams separately from its Office product globally, following an unbundling in Europe to avoid potential EU antitrust fines. Teams, added to Office 365 in 2017, replaced Skype for Business and became popular during the pandemic for video conferencing. The unbundling addresses feedback from the European Commission and provides more flexibility for multinational companies. Prices for Office without Teams range from .75 to .75 for new customers, while Teams Standalone will cost .25. Microsoft risks antitrust charges and fines for bundling products, with potential fines of up to 10% of its global annual turnover if found guilty.
PRESSR: MBRIF backed startup Finanshels.com launches breakthrough AI WhatsApp service for hassle-free corporate tax registration in UAE
Finanshels.com has introduced an AI WhatsApp bot that revolutionizes corporate tax registration in the UAE. The bot simplifies the process to a 4-document upload completed in under 5 minutes, reducing the time and financial investment compared to the current method. This service aims to democratize tax registration for small and medium business owners in the region, making it more efficient, transparent, and cost-effective. The introduction of this AI bot represents a shift towards technology-driven solutions in the UAE’s commercial sector, contributing to a more efficient business environment and aligning with the UAE’s Vision 2030 goals.
Robinhood ventures further beyond trading with new credit card
Robinhood Markets launched a new credit card for Robinhood Gold customers, offering no annual fee, no foreign transaction fees, and 3% cash back on spends.
Celestyal Discovery, ’s maiden voyage showcases new livery
Celestyal Discovery set sail on her maiden voyage around the Aegean on March 22, 2024, showcasing the cruise line’s new livery. The ship’s first passengers are sailing on the ‘Iconic Aegean’ itinerary, visiting five ports over the three-night sailing. Celestyal Discovery underwent a multi-million-euro refurbishment and features new onboard social spaces. Celestyal CEO Chris Theophilides welcomed 1,100 guests onboard the ship and emphasized the company’s commitment to investing in the customer experience.