Category: warned
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Freelancers warned of hefty tax bills as HMRC issues new guidance on managed service companies
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HM Revenue & Customs (HMRC) has issued new guidance warning freelancers, contractors and consultants about the risks associated with managed services companies (MSCs) – complex tax arrangements that can leave freelancers facing tax bills of up to tens of thousands of pounds. The MSC legislation, introduced in 2007, aims to…
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Donald Trump warned not to pull out of Paris climate agreement—by the CEO of oil giant Exxon Mobil
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Donald Trump’s stunning re-election threatens to upend the business of the industry he swore to protect: Big Oil. If his incoming administration follows through with plans to once again withdraw the United States from the landmark 2015 Paris climate agreement — as a way to ease restrictions on fossil fuel…
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Consumer confidence plummets as Labour warned over recession fears
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Consumer confidence has fallen sharply amid growing concerns that Labour’s rhetoric is fuelling economic concerns, raising the prospect of a slowdown in Britain. GfK’s latest consumer confidence index fell seven points to -20 in September, with households increasingly worried about their personal finances and the general economic outlook. The survey…
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Exclusive-US warned Nippon its US Steel bid poses a national security risk, sources say By Reuters
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By Alexandra Alper and David Shepardson WASHINGTON (Reuters) – The Biden administration told Nippon Steel Corp in a letter on Saturday that its $14.9 billion takeover of U.S. Steel would pose a national security risk by hurting the U.S. steel industry, three people said, adding to evidence that the United…
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Israeli exporters warned on South Africa
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Ten timesToday, the Israel Foreign Trade Risk Insurance Corporation published a warning to exporters selling Israeli products to South Africa in light of the upcoming elections in that country. The company says, “The upcoming elections in the country at the end of this month would harm trade relations between the…