Category: Capital
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£40bn tax hike through NIC and Capital Gains Tax leaves businesses on edge
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In her first Budget, Chancellor Rachel Reeves introduced £40bn in tax rises, largely focused on increasing National Insurance contributions for employers and implementing a temporary repatriation facility for non-resident individuals. According to Nimesh Shah, CEO of Blake Rotenberg, while pre-Budget rumors pointed to sweeping tax changes, the actual announcements were…
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Top Labour donor Dale Vince says rich fleeing capital gains tax raid can ‘f— off’
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Wealthy individuals threatening to leave the UK to avoid expected tax rises should “stop”, according to Dale Vince, the green energy magnate and major donor to the Labor Party. Vince, who donated £5 million to the Labor Party, dismissed the idea that higher taxes could harm UK entrepreneurship, describing it…
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Top Labour donor Dale Vince says rich fleeing capital gains tax raid can ‘f— off’
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Wealthy individuals threatening to leave the UK to avoid expected tax rises should “stop”, according to Dale Vince, the green energy magnate and major donor to the Labor Party. Vince, who donated £5 million to the Labor Party, dismissed the idea that higher taxes could harm UK entrepreneurship, describing it…
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HF eyes Sh5.9bn in rights issue to boost capital, lending
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Listed lender HF Group is seeking to raise Sh5.9 billion through a rights issue to boost its capital and lending. The cash call will see the bank issue 1.49 billion new shares at three per person, with each share priced at Sh4 apiece, reflecting an 11.5 percent discount to the…
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Mount Logan Capital Inc. Schedules Release of Third Quarter 2024 Results
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on October 22, 2024 • 2 min…
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Capital gains tax raid could create one of the world’s most ‘anti-growth’ tax systems
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Chancellor Rachel Reeves’s upcoming Budget threatens to push the UK towards having one of the least competitive tax systems in the developed world, according to a major new analysis by the US-based Tax Foundation and the UK Center for Policy Studies (CPS). The report warns that if Labor introduces a…
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Capital gains tax raid could create one of the world’s most ‘anti-growth’ tax systems
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Chancellor Rachel Reeves’s upcoming Budget threatens to push the UK towards having one of the least competitive tax systems in the developed world, according to a major new analysis by the US-based Tax Foundation and the UK Center for Policy Studies (CPS). The report warns that if Labor introduces a…
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Capital Gains Tax concerns loom over UK tech sector ahead of Autumn Budget
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The UK tech industry is on edge as speculation grows about potential changes to capital gains tax (CGT) in the upcoming Autumn Budget. Leading audit and advisory firm Blick Rothenberg has expressed concerns that such changes could have a detrimental impact on the fintech ecosystem, a key driver of the…
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Ninepoint Partners Announces Final Close After Reaching Maximum Deal Size on 2024 Short Duration Flow-Through Limited Partnership II Capital Raise
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This section is Partnership content provided The content in this section is provided by GlobeNewswire for the purposes of press release distribution on behalf of its clients. Postmedia has not reviewed the content. by Globe Newswire Breadcrumb links Globe Newswire Article writer: Posted on October 17, 2024 • 3 minutes…
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Capital Daily sees further GBP decline amid BoE policy stance By Investing.com
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The British pound on Thursday saw a significant decline, which Capital Daily analysts attribute to a combination of factors including the Bank of England’s (BoE) dovish monetary policy outlook, the currency’s high valuation, and extended speculative positions. The pound’s more than 1% drop against both the US dollar and the…
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Wealthy investors flock to start-ups for tax breaks amid looming capital gains tax raid
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Wealthy investors are increasingly turning to startups to ease their tax burdens, especially with a potential capital gains tax hike looming in the next Budget. Investment in SEISs rose 250% between July 4 and September 16 this year, according to Wealth Club, as savers hope to reduce their CGT liabilities…
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UBS chair warns against big increase in capital requirements, newspaper reports By Reuters
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ZURICH (Reuters) – UBS President Colm Kelleher warned on Sunday that Swiss government plans to boost capital requirements for major banks could harm the country’s position as a financial centre. The government earlier this year laid out plans to tighten capital requirements on UBS and the other three big banks…
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Next CEO sells £29m stake as capital gains tax reforms loom under Reeves
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Next chief executive Lord Wolfson has sold a £29m stake in the retail giant ahead of potential changes to the capital gains tax (CGT) regime, expected in Chancellor Rachel Reeves’ first Budget next month. New filings reveal that the conservative peer offloaded 290,000 shares between Friday and Tuesday, valuing its…
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Smartsheet stock sees target raised by RBC Capital, acquisition by Blackstone and Vista valued at $8.4B By Investing.com
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On Wednesday, RBC Capital revised its price target to Smart Sheet Company (NYSE: NYSE: ) stock, raising it to $56.50 from a previous target of $51.00. The firm maintained a sector perform rating on the stock. The revision comes on the heels of Smartsheet’s announcement that it has entered into…
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Saba Capital Management buys BlackRock innovation & growth shares worth $892k By Investing.com
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Saba Capital Management, LP, a major shareholder in BlackRock (NYSE:) Innovation & Growth Term Trust (NYSE:BIGZ), recently increased its stake in the company by purchasing shares for an approximate value of $892,781. The transaction occurred on September 23, 2024, and involved the acquisition of 118,879 shares at a price of…
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REGULATING BITCOIN AND CRYPTO IN NIGERIA: CROSSROADS BETWEEN CAPITAL CONTROL AND FINANCIAL FREEDOM
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The rise of Bitcoin and digital assets has sparked a classic battle, with governments acting as watchful hawks, trying to control a fast and elusive technology like a deer darting across a decentralized savanna. In Nigeria, this struggle is as tangled as the dense foliage of a forest, with regulators…