Next UK government will face significant challenges

Next UK government will face significant challenges

Analysis: Morningstar DBRS Just a day to the UK general election on 4th July and a change in government looks imminent. The Labour party has continued to lead in the voting intention polls and if polls prove right, Labour will form the next government. After 14 years of a Conservative-led government, a change to Labour … Read more

Stocks likely to benefit from Labour victory

Stocks likely to benefit from Labour victory

Stocks in certain sectors are likely to see notable benefits if Sir Keir Starmer’s Labour party wins in the July 4 elections, as anticipated, according to the CEO of a leading advisory and asset management group. Three in particular stand out as key winners of a Labour win, said Nigel Green, CEO of deVere Group. “While … Read more

Understanding Full Expensing in the United Kingdom

Understanding Full Expensing in the United Kingdom

UK Full Expensing: Understanding UK Capital Allowances Policy Skip to content Home • Blog • Understanding Full Expensing in the United Kingdom United Kingdom is nearing snap elections on July 4, 2024, and taxA tax is a mandatory payment or charge collected by local, state, and national governments from individuals or businesses to cover the … Read more

Does Labour plan to raise capital gains tax?

Does Labour plan to raise capital gains tax?

Labour could have stealth plans to raise Capital Gains Tax (CGT), the CEO of a leading independent financial advisory and fintech warned, after Labour soared ahead in polls, positioning Sir Keir Starmer’s party for a landslide victory on July 4. This means analysts are ramping up scrutiny on how it is to fund its ambitious … Read more

State-owned VHI won’t be subject to higher 15% corporate tax rate until 2029

State-owned VHI won’t be subject to higher 15% corporate tax rate until 2029

State-owned insurer VHI will not be subject to the new higher 15 per cent corporate tax rate until January 1st, 2029 due to an exemption in the legislation for large-scale domestic companies with no international activity, according to the company’s annual report.Under legislation introduced last year, the State’s 12.5 per cent tax rate increased to … Read more

Budget 2024: A look at what corporate India expects from FM Nirmala Sitharaman

Budget 2024: A look at what corporate India expects from FM Nirmala Sitharaman

Union Budget 2024: Industry leaders requested a host of considerations in the upcoming full Union Budget 2024 during their pre-Budget meeting with Finance Minister Nirmala Sitharaman on June 20. Expectations listed by India Inc. during the two-hour interaction include a reduction in the income tax burden for the common man, an increase in capital expenditure, … Read more

2024 UK General Election Manifestos: What do we know, and what do we think we know? | Travers Smith

2024 UK General Election Manifestos: What do we know, and what do we think we know? | Travers Smith

3. VAT on Private Schools The Labour Party have announced its proposal to end the VAT exemption on fees for private schools if they win the next general election. Currently private schools benefit from an exemption from VAT by two means: the first is under the general exemption for the provision of education by eligible … Read more

Corporate tax

Corporate tax

A pedestrian leaves the entrance of the headquarters of the Federal Board of Revenue (FBR) building in Islamabad — AFP/File Focus on growth, not taxes. Vietnam’s standard corporate tax rate is 20 per cent and preferential tax rates are as low as 10 per cent, depending on factors like investment size and location. High-tech enterprises … Read more

Schools close on red alert, hottest June ever

Schools close on red alert, hottest June ever

Primary pupils were sent home early on Friday, as soaring temperatures reached a high of 45 degrees Celsius, and most public schools are not well equipped to handle the scorching heat. The Ministry of Education ordered all state schools to close early after a red alert was jointly issued by the Health Ministry, the Labour … Read more

Soft CPI weighs on dollar as Fed signals one rate-cut

Soft CPI weighs on dollar as Fed signals one rate-cut

The EURUSD corrected to a near round-level figure of 1.0800 in Thursday’s late European trading. The major currency pair faces pressure after a bullish Wednesday, when it rallied to 1.0850 from an almost six-week low of 1.0720 after the US Consumer Price Index (CPI) data for May was cooler than expected, weighing heavily on the Dollar. Later … Read more