Jump to content


  • Tweets

  • Posts

    • Hi everyone, I have an update on my case that I’d like to share with you all.  so after submitting 371 pages in my bundle, a witness statement and skeleton argument for my court case due to take place in Manchester on June 21st I got an email from my litigator stating that hmrc have pulled out and the case is now closed!    this is the body of the letter….. This letter, which is copied to the Appellant, pursuant to Rule 17 of the Tribunal Procedure (First-tier Tribunal) (Tax Chamber) Rules 2009, the Respondents gives notice to the Tribunal of their intention to not defend the above appeal.   The Respondents respectfully invite the Tribunal to allow the appeal and close its file. In lieu of the above the Respondents would respectfully ask the Tribunal to vacate the hearing scheduled for Friday 21 June 2024. We would accordingly invite the Tribunal to close its file. Obviously this is extremely good news which hasn’t sunk in that after 3 years of fighting it is over.    I do have a further fight on my hands in that the Group Action I had joined with Independent Tax that had been disbanded in November last year and I chose not to continue with them. They are trying to bill me over 5k for the work they did under that Group Action which is ludicrous bearing in mind the whole point in joining was that it would keep the cost to a minimum as it would be shared between us all. They had asked if I wanted to continue to have them represent me on an individual level which I declined, if I hadn’t, goodness knows what they would have been trying to charge me now. 
    • President Ruto says Kenyans pay less tax than citizens in some other African countries.View the full article
    • As PM Sunak really showed his true colours at the D Day Commemorations by doing what? Oh I am the British PM lets just leave early I have better things to do and as he is called out on disrespecting all those veterans that served our country for the freedoms we have today he gives a groveling apology to little to late. He knew about this event for a long time and also knew that this is probably the last D Day Commemoration due to the age of those Veterans who gave so much for there countries freedom. Even on the day of the D Day Commemoration he still could have changed his plans As PM and stayed but choose not to showing such DISRESPECT to those Veterans, those that lost there lives and Families for the Freedoms we have today Being a Veteran myself I have never known a PM to show such disrespect what the hell was he thinking SHAME ON YOU PM SUNAK  
    • Thanks. We'll try to help over the weekend. If the hearing is on 05/07 then it's 90% sure that the deadline for filing your WS is 21/06.
  • Recommended Topics

  • Our picks

    • If you are buying a used car – you need to read this survival guide.
      • 1 reply
    • Hello,

      On 15/1/24 booked appointment with Big Motoring World (BMW) to view a mini on 17/1/24 at 8pm at their Enfield dealership.  

      Car was dirty and test drive was two circuits of roundabout on entry to the showroom.  Was p/x my car and rushed by sales exec and a manager into buying the mini and a 3yr warranty that night, sale all wrapped up by 10pm.  They strongly advised me taking warranty out on car that age (2017) and confirmed it was honoured at over 500 UK registered garages.

      The next day, 18/1/24 noticed amber engine warning light on dashboard , immediately phoned BMW aftercare team to ask for it to be investigated asap at nearest garage to me. After 15 mins on hold was told only their 5 service centres across the UK can deal with car issues with earliest date for inspection in March ! Said I’m not happy with that given what sales team advised or driving car. Told an amber warning light only advisory so to drive with caution and call back when light goes red.

      I’m not happy to do this, drive the car or with the after care experience (a sign of further stresses to come) so want a refund and to return the car asap.

      Please can you advise what I need to do today to get this done. 
       

      Many thanks 
      • 81 replies
    • Housing Association property flooding. https://www.consumeractiongroup.co.uk/topic/438641-housing-association-property-flooding/&do=findComment&comment=5124299
      • 161 replies
    • We have finally managed to obtain the transcript of this case.

      The judge's reasoning is very useful and will certainly be helpful in any other cases relating to third-party rights where the customer has contracted with the courier company by using a broker.
      This is generally speaking the problem with using PackLink who are domiciled in Spain and very conveniently out of reach of the British justice system.

      Frankly I don't think that is any accident.

      One of the points that the judge made was that the customers contract with the broker specifically refers to the courier – and it is clear that the courier knows that they are acting for a third party. There is no need to name the third party. They just have to be recognisably part of a class of person – such as a sender or a recipient of the parcel.

      Please note that a recent case against UPS failed on exactly the same issue with the judge held that the Contracts (Rights of Third Parties) Act 1999 did not apply.

      We will be getting that transcript very soon. We will look at it and we will understand how the judge made such catastrophic mistakes. It was a very poor judgement.
      We will be recommending that people do include this adverse judgement in their bundle so that when they go to county court the judge will see both sides and see the arguments against this adverse judgement.
      Also, we will be to demonstrate to the judge that we are fair-minded and that we don't mind bringing everything to the attention of the judge even if it is against our own interests.
      This is good ethical practice.

      It would be very nice if the parcel delivery companies – including EVRi – practised this kind of thing as well.

       

      OT APPROVED, 365MC637, FAROOQ, EVRi, 12.07.23 (BRENT) - J v4.pdf
        • Like
  • Recommended Topics

The great intrest rate rip off part 6


style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4365 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Recommended Posts

May: we'll stop migrants if euro collapses

 

Government drawing up plans for emergency immigration controls to curb influx of Greeks and other EU residents if euro collapses, the Home Secretary reveals to the The Daily Telegraph.

Lagarde: Greeks should 'pay their taxes' to get out of crisis

 

 

'We’re going to give illegal migrants a really hostile reception’

 

[/url]

 

Lagarde: Greece at 'payback time'

 

lagarde_2227299g.jpg

The Greeks have had years of having fun and shirking taxes, but now it is payback time, Christine Lagarde, the head of the International Monetary Fund has warned.

172 Comments

Greece would exit euro by breaking aid deal, Samaras says

 

 

 

 

Bankia asks for €19bn from Spain's taxpayers

 

bankia_2225717g.jpg

Fears of a Spanish bail-out escalated after its wealthiest region asked the central government to help pay its bills and the country's fourth largest bank asked for a €19bn (£15bn) taxpayer rescue.

246 Comments

Greece would exit euro by breaking aid deal, Samaras says

 

 

No German money for Greek 'bottomless pit'

 

 

Debt crisis: as it happened May 25, 2012

 

 

 

RBS faces court fight after trader caught lying

 

RBS_2177983g.jpg

Royal Bank of Scotland is facing a $100m (£64m) court battle in America over allegations it lied to clients and committed fraud.

 

Lotus chief executive Dany Bahar suspended

 

dany-bahar_2230660g.jpg

The chief executive of sports car maker Lotus has been suspended while an investigation is carried out into his conduct.

 

Dixons gets £300m debt package from banks

 

Currys-Megastore_2230488g.jpg

Electrical retailer has agreed a £300m refinancing package with its lenders, giving the company a last minute life line and boosting confidence that banks are willing to support the high street.

26 Comments

 

Former Lloyds exec charged over £2.5m fraud

 

lloyds_2085737g.jpg

Director at state-backed Lloyds Banking Group whose job it was to prevent online fraud charged on suspicion of a £2.46m [problem].

 

Chinese banks set to miss lending targets

 

 

 

 

Codelco head’s departure 'not linked’ to Anglo row

 

 

 

 

Government takes Sir Clive Thompson to court

 

 

 

 

Government inflation savings would hit elderly

 

For the eurozone, the worst is yet to come

 

merks_2228996g.jpg

This euro crisis is now getting extremely serious. Events are happening quickly, closing-in on policy-makers and threatening to engulf us.

18 Comments

No German money for Greek 'bottomless pit'

 

 

 

 

Greece would exit euro by breaking aid deal, Samaras says

 

 

 

 

Lagarde: Greeks should 'pay their taxes' to get out of crisis

 

If Britain had joined the euro

 

It's time to lift the foot from the economy's windpipe

 

Europe's slump deepens as Kabuki summit falls short

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

  • Replies 650
  • Created
  • Last Reply

Top Posters In This Topic

Top Posters In This Topic

Christine LaGarde, The Troika, And Greece

I wouldn't travel to Greece if I was Ms. LaGarde; she might find herself on the receiving end of the sort of animosity she has displayed for the Greek people.....

"I think they should also help themselves collectively," Ms Lagarde said.

She added: "I think more of the little kids from a school in a little village in Niger who get teaching two hours a day, sharing one chair for three of them, and who are very keen to get an education. I have them in my mind all the time.

"Because I think they need even more help than the people in Athens."

And when asked if she was saying to the Greeks and other European nations that they had had a nice time and it was now payback time, Ms Lagarde responded: "That's right."

She also reiterated that the IMF had no intention of softening the terms of Greece's austerity package.

I agree -- they should help themselves.

They should start by placing all the bonds they issued and which LaGarde's IMF, along with the other banksters, lent upon into the paper shredder and send the bits to the ECB and LaGarde via FedEx. After all every one of these institutions was part and parcel of increasing credit into their economy at a greater rate than GDP, and thus was fully aware they were effectively counterfeiting Euros into the Greek economy.

 

More at the link.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Breaking news

 

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

RBS cuts ties with former broking arm

 

27 May 2012 12:00 AM

Broker Hoare Govett set adrift by one-time parent and loses account with major packaging company

 

 

SU-18-athens1-rt.jpg

Günter Grass attacks Merkel for Athens policy

 

27 May 2012 12:00 AM

The Nobel laureate sends a stinging rebuke to the German Chancellor for her uncompromising attitude to the struggling economy

 

 

 

RBS cuts ties with former broking arm

 

27 May 2012 12:00 AM

Broker Hoare Govett set adrift by one-time parent and loses account with major packaging company

 

 

SU-04-cable-getty.jpg

We shouldn't be lecturing euro states, says Cable

 

27 May 2012 12:00 AM

Business Secretary hits back at critics, calls for 'humility', and unveils plan to aid school leavers

 

 

 

Consumers at lowest ebb in three years

 

27 May 2012 12:00 AM

Fears of a deepening recession and the euro crisis hit shoppers' confidence, despite petrol price drop

 

 

Goldman Sachs looks at billionaire's oil break up

 

27 May 2012 12:00 AM

BP and Shell tipped to bid for Svenska's west African fields

 

 

Shareholders await prospectus for Glencore-Xstrata merger

 

27 May 2012 12:00 AM

The prospectus outlining the creation of a £50bn-plus commodities empire will be sent to shareholders of the two FTSE-100 group's involved this week.

 

 

 

Pension contributions 'may need to be made compulsory'

 

27 May 2012 12:00 AM

The state will need to make saving for pensions compulsory if the industry does not radically reform by 2017, a think-tank with the Government's ear will warn next month.

 

 

 

Moonpig founder takes share in outfitters Smart Turnout

 

27 May 2012 12:00 AM

An online gentleman's outfitter that began life as a regimental clothing supplier has attracted funding from giftcard group Moonpig.com's founder Nick Jenkins.

 

 

 

Tyrells hopes to take a bite out of US market

 

27 May 2012 12:00 AM

Tyrrells, the crisp brand made solely from Herefordshire potatoes, has agreed a deal with snack distributor Royal Food to expand in the US. By late summer, bags of Tyrrells will be on sale in 260 Duane Reade Drug stores in Manhattan.

 

 

 

Former Moss Bros boss to help retailer to refinance

 

27 May 2012 12:00 AM

Listed department store chain Beales has hired a former Moss Bros board member as interim finance director as it closes in on a refinancing package.

 

 

 

Town Centre Restaurants seeks fresh investment

 

27 May 2012 12:00 AM

The company behind Azzurro restaurants has hired advisers at an accountancy firm to explore its strategic options, including potential new investment, to help turn around its performance.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Summer of discontent beckons

 

LONDON - The late spring warmth spreading across Europe and the United States is unlikely to soothe a growing anxiety in financial markets that the global outlook is anything but balmy.

 

 

Lessons from the Rock for Europe's banks

 

LONDON - In November 2010, rumours swirled through financial markets that Spanish bank BBVA was suffering a run on its deposits. The share price fell before excitable traders realised they had made a mistake.

3:09pm BST

 

Maaden signs $1.5 billion aluminium refinery contract

 

JEDDAH - Saudi Arabian Mining Company (Maaden) has awarded a $1.5 billion contract to South Korea's Hyundai Engineering & Construction Co. to build an aluminium refinery in the kingdom, a bourse statement said on Sunday.

2:46pm BST

 

China to encourage private capital in banking industry

 

BEIJING - China will give private capital the same entry standards to the banking industry as other capital, state media said on Sunday, as the government makes its hardest push in a decade to court private investors by welcoming them into a handful of sectors.

12:19pm BST

 

Glencore to lay out Xstrata merger plans

 

LONDON - Glencore will this week move into the final stage of its long-awaited $30 billion takeover of miner Xstrata , as shareholders are sent detailed documents on the deal, kicking off a last charm offensive ahead of July votes.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Greek Facebook war on Lagarde

 

la_2231217g.jpg

Christine Lagarde has been forced to express her sympathy for the Greek people after receiving 10,000 messages on Facebook, many of them obscene.

13 Comments

Clegg: eurozone foundations 'weaker than anyone predicted'

 

 

Greece will run out of money by end of June, warns former PM

 

 

Brussels 'could take control of European banks'

 

 

Bankia bailout an investment not a loan, says lender

 

 

Lagarde: Greece at 'payback time'

 

 

 

 

Lloyd's preparing for euro collapse

 

greece_2214344g.jpg

The chief executive of Lloyd's of London has admitted that the world's leading insurance market is prepared for a collapse in the single currency and has reduced its exposure "as much as possible" to the crisis-hit continent.

163 Comments

Lloyd's of London CEO Ward sets out moves away from risk

 

 

 

Branson: Government must focus on SMEs

 

branson_2231311g.jpg

Billionaire tycoon says the Government needs to provide 'action to back the rhetoric', boost support for small and medium-sized businesses and promote entrepreneurialism to reduce unemployment and kickstart growth.

151 Comments

 

Briton gets £36m 'golden hello' from Apple

 

browett_2231340g.jpg

John Browett, the former Dixons boss poached by Apple, will receive a $56m (£36m) "golden hello" for taking charge of the tech giant's retail arm.

7 Comments

Mike Lynch blames exit on HP 'turmoil'

 

 

Tech giants struggle to put a price on the future

 

 

 

UK services sector picking up, CBI claims

 

Cookbook_cafe_brun_2210975g.jpg

The UK's services sector is showing signs of an upturn in fortunes, according to a CBI survey, which has offered some glimmers of hope for George Osborne after a week of gloomy economic news.

34 Comments

 

Lotus boss quizzed over expense claims

 

 

 

 

Jaguar Land Rover set for record £1.5bn profit

 

 

 

 

A4e 'scandal' prompts scrutiny call

 

 

 

 

Formula One drives its tax rate down to 5pc

 

 

 

 

Michael Woodford sues Olympus for $60m

 

Neither spending cuts nor the eurozone are to blame for Britain's weak economy

 

 

 

Europe's Maquina Infernal has crippled Spain

 

 

 

 

Greece will run out of money by end of June, warns former PM

 

Europe’s Maquina Infernal has crippled Spain

 

Four ways to direct your feet to the sunny side of the street

For the eurozone, the worst is yet to come

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

The Hunch, the Pounce and the Kill

 

By AZAM AHMED

 

 

JPMorgan Chase lost big because of outsize trades, but not before Boaz Weinstein, a hedge fund manager, seized a rich opportunity, winning in a high-risk game of nerves.

 

 

 

 

27JPHEDGE2-articleInline.jpg

Peter Foley/Bloomberg News

 

One beneficiary was Boaz Weinstein, a hedge fund manager who saw a price anomaly that signaled an opportunity. At a conference, he advised betting against it.

 

 

 

 

 

 

27DIVORCE-thumbStandard-v2.jpg

Quick Getaways, at the Divorce Hotel

 

By JANET MORRISSEY

 

The Dutch entrepreneur behind Divorce Hotel, a weekend program for couples looking to end their marriages quickly, wants to introduce the concept to the United States.

 

 

SPAIN-thumbStandard.jpg

As Bank Loans Dry Up in Spain, Small and Medium Businesses Fight for Life

 

By SUZANNE DALEY

 

The loss of credit is hurting small businesses, contributing to Spain’s troubles by raising unemployment and cutting tax revenues, making it harder to bring its budget deficit down to manageable levels.

 

 

Slipstream

 

Learning to Chase Online Word of Mouth

 

By NATASHA SINGER

 

Fab.com is a social-retailing pioneer — encouraging shoppers to discover and choose products through crowd-sourcing. And it keeps a constant watch on how customers spread the word.

 

Digital Domain

 

27DIGI-thumbStandard.jpg

Goodbye to Windows Live (and Whatever It Meant)

 

By RANDALL STROSS

 

Microsoft is leaving behind the once-ubiquitous, yet often confusing, Windows Live as a brand name, and renaming every product that currently features that two-word phrase.

 

Workstation

 

27WORK-thumbStandard.jpg

Watch Where You Turn Up the Volume

 

By PHYLLIS KORKKI

 

In places like a stock exchange, shouting is expected. But it can be a detriment in many other work environments.

 

With Personal Data in Hand, Thieves File Early and Often

 

By LIZETTE ALVAREZ

 

Criminals filing false tax returns with made-up incomes have received hundreds of millions of dollars in refunds, law enforcement officials say.

 

 

27PRICILLA-thumbStandard.jpg

Facebook’s Royal Wedding

 

By LAURA M. HOLSON and NICK BILTON

 

Who is Priscilla Chan, the princess bride who married Silicon Valley’s crown prince?

 

 

 

 

 

A Taste of Prohibition as Liquor Stores Go Private

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Breaking news

 

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

http://www.guardian.co.uk/business/2012/may/28/one-bust-bank-spain-pm-mariano-rajoy

 

Spain cannot afford to let a single bank or regional government collapse as that would bring the entire country to its knees, the prime minister, Mariano Rajoy, warned on Monday.

 

In a rare and unexpected appearance before the press, Rajoy failed to calm markets which had reacted nervously to Spain's biggest-ever bailout, the €23.5bn rescue of Bankia announced on Friday.

 

"We are not going to let any region or financial entity fall, because otherwise the country would fall," he said.

 

Good old morale hazard... Everything is quickly becoming too big to fail.

 

Total system collapse looming?

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

CBI in call for pension funds to be given credit subsidies

 

28 May 2012 12:00 AM

Business group urges Government to underwrite infrastructure projects to unlock investment

 

 

Bailout fears spark Bankia shares dive

 

28 May 2012 04:37 PM

Concern over the bailout plans for troubled Spanish lender Bankia and the country's ability to finance itself sent the nationalised bank's share price plummeting and Spain's borrowing costs soaring today.

 

 

 

850 jobs at risk as oil refinery closes

 

28 May 2012 03:16 PM

An oil refinery which went bust is to close after administrators failed to find a buyer or the cash needed to keep it going, putting around 850 jobs at risk.

 

 

 

A tale of two housing markets: north vs south

 

28 May 2012 10:09 AM

The north-south divide in house prices is widening, according to figures for May published today. Rising property values in London helped push the latest national Hometrack house price index into positive territory, despite seven out of 10 regions posting falling or static prices.

 

 

 

Sacked Olympus boss Woodford starts fight against unfair dismissal

 

28 May 2012 12:00 AM

Michael Woodford, the British whistleblower sacked from Japanese cameras and endoscopes giant Olympus, begins his multi-million-pound unfair dismissal case against the company at a London tribunal today.

 

 

 

Markets cautious over Spain fears

 

28 May 2012 06:54 PM

European markets remained in a fragile mood today with the euro dropping to near 11-month lows on concerns about Spain's ailing banking sector following the announcement of bailout plans for troubled lender Bankia.

 

 

 

Spotlight On: Arnaud Lagardère, chairman designate EADS

 

28 May 2012 06:48 PM

Arnaud Lagardère – must be related to Christine, of the International Monetary Fund, right?

 

 

 

Shareholders set to give RBS chief Hester a rough ride

 

28 May 2012 12:00 AM

Despite giving up his annual bonus Stephen Hester, chief executive of taxpayer-controlled Royal Bank of Scotland, is set to face angry shareholders at the bank's annual meeting on Wednesday.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Spanish debt costs spiral as crisis deepens

 

5:51pm BST

MADRID - Spanish 10-year borrowing costs neared the 7 percent danger level and Bankia shares hit record lows on Monday after the government, struggling to sort out its finances, proposed putting sovereign debt into the struggling lender.

Top Greek banks handed 18 billion euros support -source

 

RBS set to ditch Hoare Govett as broker - source

 

LONDON - British lender Royal Bank of Scotland is set to appoint a new corporate broker to replace Hoare Govett, which it sold to American investment bank Jefferies in February, a source familiar with the situation told Reuters on Monday.

UK 6:10pm BST

 

BoE's Broadbent rejects IMF rate cut suggestion

 

LONDON - Bank of England policymaker Ben Broadbent rejected a call from the International Monetary Fund to consider cutting interest rates further, saying it would not help businesses much and could discourage bank lending.

UK, IMF 6:30pm BST

 

BoE's Broadbent says current policy appropriate

 

LONDON - The current stance of the Bank of England's monetary policy is appropriate, and little would be gained even in principle by cutting its record-low interest rate further, BoE policymaker Ben Broadbent said on Monday.

5:44pm BST

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

28 May 2012 Last updated at 17:40

 

 

Spain situation 'very difficult'_60535356_60535348.jpg

 

Spain's funding situation is "very difficult", Prime Minister Rajoy says, as investors worry about the outlook for the country's finances.

 

 

_60542167_calculators336.jpgOnline tax calculator falls over

 

A government internet service allowing people to check how their income tax and national insurance is spent, struggles on its first day.

 

 

Barclays hits back on tax schemes

 

Barclays criticises the government for saying it had been using schemes that were intended to avoid substantial amounts of tax.

 

 

Eurozone in crisis

 

 

 

 

 

 

Other top stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

[/url]

 

Spanish PM: funding is difficult but there will be no bail-outs

 

rajoy-spaion_2190524g.jpg

Spanish stocks plunged to a nine-year-low and its borrowing costs rose as traders refused to believe Mariano Rajoy’s claim that Madrid could salvage its banks without a bail-out.

12 Comments

Debt crisis: as it happened, May 28, 2012

 

 

Cameron discusses euro crisis with BoE, bank regulator

 

 

'Yes' vote leads as Ireland begins vote on EU referendum

 

 

Italian business confidence falls to three-year low

 

 

 

 

Banks received up to £220bn taxpayer subsidy

 

king_2220756g.jpg

Taxpayers may have provided Britain’s biggest lenders with a combined “implicit subsidy” of up to £220bn in 2009 and 2010, according to the Bank of England.

51 Comments

 

Diamond: Government caused damage to Barclays

 

diamond_2191056g.jpg

Barclays chief executive Bob Diamond has attacked the Government for causing the bank “unnecessary damage” in its handling of a multi-million pound tax row.

Comment

 

Coryton refinery to close, 850 jobs could go

 

Coryton-oil-refine_2118890g.jpg

Over 800 jobs are on the line after the administrators of the Coryton oil refinery announced it had failed to find a buyer for the business and could start winding it down.

13 Comments

 

TNK-BP's woes deepens as oligarch quits

 

oil_1819729g.jpg

Mikhail Fridman, the Russian oligarch, has resigned as chief executive of BP's Russian joint venture TNK-BP, in an apparent escalation of the troubles between the partners in the venture.

Comment

TNK-BP: a troubled history

 

 

 

BAA given last chance to appeal Stansted sale

 

 

 

 

Richard Desmond claims Channel 5 'transformation'

 

 

 

 

Peppa Pig owner's profits rise on Amazon deal

 

 

 

 

Pressure lifts on Glencore as Xstrata shares tumble

 

 

 

 

FirstGroup profits double but UK bus assets will be sold

 

A $46 trillion problem comes sweeping in

 

Spain's Rajoy fights losing battle to stave off EU rescue

 

Company pension savers need a pressure group to represent us

 

Neither spending cuts nor the eurozone are to blame for our weak economy

 

Greek promises of tax crackdowns fail to bite

 

 

 

Debt crisis: as it happened, May 28, 2012

 

 

 

 

Italian business confidence falls to three-year low

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

For Tech Start-Ups, New York Has Increasing Allure

 

By JOSHUA BRUSTEIN

 

 

New York may not be overtaking the Bay Area as a technology hub, but it is becoming enough of an alternative that a few West Coast-born startups are moving east.

 

 

 

 

 

 

 

 

 

29stores29-2-thumbStandard.jpg

7-Eleven Finds a Niche by Adapting to Indonesian Ways

 

By SARA SCHONHARDT 11:27 AM ET

 

Indonesian stores create "hang-outs" by incorporating seating and low-cost, ready-made food.

 

27academy-thumbStandard.jpg

Forecasting Hollywood Academy’s Succession

 

By MICHAEL CIEPLY

 

Because of term limits, Tom Sherak, president of the Academy of Motion Picture Arts and Sciences, is leaving a post that has emerged as one of the few bully pulpits in the film business.

 

As Euro Bond Wins Supporters, Details Remain Vague

 

By JACK EWING and PAUL GEITNER

 

Europeans are deeply divided over the question of whether euro zone countries should create common bonds to reduce borrowing costs for members that have trouble getting affordable credit.

 

29hacking3-thumbStandard.jpg

Blair Testifies About Murdoch Ties at British Press Inquiry

 

By ALAN COWELL and JOHN F. BURNS 12 minutes ago

 

Tony Blair, a former prime minister who was endorsed by Rupert Murdoch’s newspapers, defended politicians’ efforts to manage their relationship with the media at an inquiry on press ethics Monday.

 

In Italy, Technology Is Leading to a TV Transformation

 

By ERIC PFANNER

 

Silvio Berlusconi’s television company is flailing amid Internet-driven challenges to the government’s traditional favored status for the media’s old guard.

 

Labor Board Member Resigns Over Leak to G.O.P. Allies

 

By STEVEN GREENHOUSE

 

The board’s inspector general had found that one of its five members, Terence F. Flynn, gave information to two Republican associates, including an adviser to Mitt Romney.

 

Media Decoder Blog

 

At U.S.C., Media Training for Afghan Students

 

By MICHAEL CIEPLY

 

A seven-week program offers students an education in writing, editing, cinematography and whatever else it takes to make programming for screens, large and small.

 

Chinese Car Dealership Halts I.P.O.

 

By REUTERS

 

The company, China Yongda Automobiles Services, cited poor investor sentiment in Asia in halting the deal, which could have raised as much as 3.37 billion Hong Kong dollars.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Now I've Seen It All (Spain)

Now this is creative -- and destructive.

is considering using debt issued by the government or its bank-rescue fund instead of cash into the Bankia group, using a mechanism that would free it from raising the money from investors.

The government hasn’t made a decision on whether to use its debt to recapitalize the nationalized lender and will decide in two or three months, a spokesman for the
Economy Ministry
, who asked not to be named in line with its policy, said in a phone interview today. Prime Minister
Mariano Rajoy
said at a Madrid news conference today the government hadn’t spoken to the
European Central Bank
about such a step.

Debt, of course, is not cash. It does "improve" a bank's asset-to-liability ratio.

Well, in theory anyway -- note the quotes.

 

More at the link.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Breaking news

 

 

 

 

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

Spain moves closer to bailout as borrowing costs hit new records

 

29 May 2012 12:00 AM

Fears mount over Madrid's ability to shore up its banking sector

 

 

 

Russian oligarch quits joint venture with BP

 

29 May 2012 12:00 AM

BP is facing another crisis after the oligarch who led its Russian joint venture quit and insiders warned that the billion-pound tie-up was heading for failure.

 

 

 

Woodfood may settle with Olympus over unfair dismissal

 

29 May 2012 12:00 AM

The eagerly awaited $60m (£38m) tribunal claim for unfair dismissal brought by the whistleblower Michael Woodford against Olympus, his former Japanese employer, was postponed three times yesterday amid speculation that the two sides are attempting to strike a settlement out of court.

 

 

 

Rowland's shell firm Jellybook fails to find a deal

 

29 May 2012 12:00 AM

Fresh doubts about investing in the social media sector emerged yesterday after Jellybook, a shell company set up by Jonathan Rowland, slumped to a maiden loss of £300,000.

 

 

 

Lying hedge fund boss Alberto Micalizzi fined £3m

 

29 May 2012 01:30 PM

A hedge fund boss who is accused of covering up losses of 390 million US dollars (£250 million) was facing a record £3 million fine from the City watchdog today.

 

 

 

Channel 5 recovers with £26m profit despite advertising slowdown

 

29 May 2012 12:00 AM

Northern & Shell, owner of Channel 5 and a stable of national newspapers, saw its revenues increase by 40 per cent during 2011, despite difficult trading conditions.

 

 

 

Diageo gets the taste for a cocktail with Brazilian spirit

 

29 May 2012 12:00 AM

Diageo has taken a further gulp of the growing cocktail sector by buying the spirit used to make the Brazilian drink caipirinha.

 

 

 

BoE would intervene to mitigate effect of debt crisis

 

29 May 2012 12:00 AM

Britain's economic fate is largely in the hands of policymakers elsewhere in Europe, but the Bank of England stands ready to intervene if the eurozone debt crisis spirals out of control, Ben Broadbent, a member of the Bank's rate-setting committee,said yesterday.

 

 

 

Tax row unfair to us, Barclays tells MPs

 

29 May 2012 12:00 AM

Barclays told MPs yesterday that it was singled out for unfair treatment by tax authorities earlier this year when the Government said it would close two "aggressive tax avoidance schemes" used by Barclays and retrospectively applied a new tax to a bond buyback the bank did in December.

 

 

 

City veteran Manduca to chair the Pru

 

29 May 2012 12:00 AM

Prudential has confirmed that one of the oldest hands in the City is to become its new chairman, a move aimed at placating investors angry at the botched, $35bn (£28bn) bid for the Asian insurer AIA two years ago.

 

 

 

RBS to end ties with Hoare Govett

 

29 May 2012 12:00 AM

Royal Bank of Scotland is set to appoint a new corporate broker to replace Hoare Govett, which it sold to the American investment bank Jefferies in February.

 

 

 

Problem at pit hits shares at Hargreaves

 

29 May 2012 12:00 AM

Shares in Hargreaves Services, the coal logistics group, plunged by a third yesterday after major problems at its Maltby mine forced it to post a profits warning.

 

 

 

Axe likely for 850 jobs at refinery as rescue plan fails

 

29 May 2012 12:00 AM

Up to 850 jobs at the bankrupt Coryton oil refinery in Essex are likely to be lost after administrator PwC announced it has failed to secure a rescue deal – despite talking to more than 100 potential investors and purchasers of the operation.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

29 May 2012 Last updated at 19:48

 

 

Facebook shares fall to new low_60569911_014660394-1.jpg

 

Facebook shares fall to a new low below $29, less than two weeks after its high-profile flotation, as Russia's biggest social network cancels its planned share sale.

 

 

Profits jump at Jaguar Land Rover

 

Jaguar Land Rover, the Indian-owned car manufacturer, announces a 34% rise in profits as sales hit a record high due to strong demand from emerging markets.

 

 

_60555837_000338129-1.jpgHedge fund boss fined £3m by FSA

 

Hedge fund boss Alberto Micalizzi is fined £3m for concealing losses and lying to investors in a case that the regulator says is "amongst the most serious" of its kind.

 

 

Eurozone in crisis

 

 

 

 

 

 

Other top stories

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

EU proposes cross-border bank rescues - draft

 

BRUSSELS/LONDON - European Union countries could be obliged to bail out one another's struggling banks, according to a draft EU law that marks a big step towards greater EU financial integration likely to upset some members, particularly Germany.

 

Shareholders back Glencore takeover of Viterra

 

CALGARY, Alberta/WINNIPEG, Manitoba - Shareholders of Canada's largest grain handler, Viterra Inc , voted overwhelmingly on Tuesday in favour of a friendly takeover bid by Swiss commodities trader Glencore International Plc , pushing the biggest deal in years for the global agricultural sector closer to reality.

7:53pm BST

 

Opera seen a Facebook fit but no "For Sale" sign

 

OSLO - Facebook is under pressure to make money from the increasing number of users who access the social networking site from mobiles, making Norway's Opera a good fit for it, bankers familiar with the technology industry said.

Norway 7:02pm BST

 

Gupta lawyer implies others leaked on P&G

 

NEW YORK - A number of people other than Rajat Gupta could have leaked confidential information about Procter & Gamble Co's sale of its Folgers coffee unit in 2008, Gupta's lawyer implied to the jury at his insider-trading trial on Tuesday.

7:43pm BST

 

Jaguar Land Rover drives Tata acceleration

 

MUMBAI - Chinese demand for its luxury Jaguar Land Rover (JLR) models propelled fourth-quarter net profit at Tata Motors' , capping a bumper year for the Indian automaker.

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

For Japanese Job Seekers, Overseas Study Can Be a Deal Killer

 

By HIROKO TABUCHI 2 minutes ago

 

 

Critics say the reluctance of Japanese businesses to hire Western-educated graduates who return to the homeland hurts some of Japan’s major — and increasingly globalized — industries.

 

 

 

 

30stigma-sfSpan.jpg

Hazel Thompson for The New York Times

 

Ronan Sato, a graduate student at Oxford, accepted a position in Tokyo with a big British bank.

 

 

 

 

 

 

After Facebook, More Fear of Stock Market

 

By NATHANIEL POPPER

 

The financial industry had hoped that Facebook would rekindle ordinary investors’ excitement in stocks. But the Facebook faltering just added to a growing retreat from the stock market.

 

 

Wall Street Higher

 

By 47 minutes ago

 

Stock indexes in the United States traded higher, after their first weekly gain since April, on a report that home prices showed marginal improvement in March.

 

 

Spanish Data Points to Further Decline

 

By DAVID JOLLY 2:00 PM ET

 

Spanish retail sales fell by a record 9.8 percent in April, and the Bank of Spain forecast that the economy would continue to shrink through June.

 

 

U.S. Winds Down Longer Benefits for the Unemployed

 

By SHAILA DEWAN

 

In February, Congress phased in a reduction of the number of weeks of extended aid and made it more difficult for states to qualify for the maximum aid, adding a financial burden to the long-term unemployed.

 

 

DealBook

 

Marubeni of Japan to Buy Gavilon for $3.6 Billion

 

By HIROKO TABUCHI 23 minutes ago

 

The Japanese trading house has agreed to buy the grain merchant Gavilon Group for $3.6 billion, as Marubeni looks to gain access to American agriculture markets.

 

BYD Releases Details About Electric Taxi Fire

 

By KEITH BRADSHER

 

BYD said that a gasoline-powered car also would have been demolished by the crash, in which a sports car racing at least 180 kilometers an hour hit the electric car from behind.

 

French Court Sides With Google in YouTube Case

 

By ERIC PFANNER 2:17 PM ET

 

In a case brought by the television company TF1, the court said the Internet giant had taken sufficient steps to prevent the uploading of copyrighted material.

 

 

 

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

[/url]

 

Debt crisis: Spain to approve joint regional bonds on Friday

 

spainrajoy_2232741g.jpg

Government will approve issuing of joint bonds by regional governments to make it easier for them to raise capital, as Bank of Spain warns that the country's economy will continue to shrink in the second quarter.

555 Comments

Spain stuck in recession in second quarter

 

 

Record fall in Spanish retail sales

 

 

China prepares to boost economy

 

 

Spain in the eye of the storm as Mariano Rajoy stretches credibility

 

 

 

 

EU's debtors must pawn gold for eurobonds

 

gold2_1778063g.jpg

Southern Europe’s debtor states must pledge their gold reserves and national treasure as collateral under a €2.3 trillion stabilisation plan gaining momentum in Germany.

143 Comments

 

Barclays halts sale of French and Italian arms

 

bob_2206512g.jpg

Barclays has decided against the sale of its businesses in France and Italy ending speculation the British bank could offload large parts of its European retail operations.

2 Comments

 

FSA fines hedge fund chief who hid losses £3m

 

Mario-Monti_2206954g.jpg

A hedge fund boss has been fined a record £3m by the City regulator for hiding huge losses at his company from investors.

 

Christine Lagarde attack on Greece backfires

 

lagarde_2227299g.jpg

Christine Lagarde, the International Monetary Fund managing director who provoked an angry reaction from the Greek people after telling them to pay their taxes, does not pay tax on her own salary, it has emerged.

10 Comments

 

Pay revolt follows board bust-up at Lonrho

 

Lonrho has been hit by a pay revolt a day after Sir Richard Needham quit the board following a row over corporate governance at the Africa-focused group.

Comment

 

Whistleblower Woodford settles with Olympus

 

 

 

 

Lotus owner reassures workers

 

 

 

 

Quercus battles to repeat Dragon Tattoo success

 

 

 

 

Greggs shares jump on Pasty Tax climbdown

 

Increasing crisis of confidence in the EU

 

European-Parliamen_1962215g.jpg

Germany is the European Union's only major nation that still believes political integration has helped its economy amid "a full-blown crisis of confidence" across the region, opinion surveys have found.

Comment

Retail sales recovering, CBI says

 

 

 

 

More money printing less likely

 

 

 

 

China should not be allowed to buy the LME

 

Spain's Rajoy fights losing battle to stave off EU rescue

 

Whatever Rajoy says, more Spanish banks will need bailing out

 

Here comes a $46 trillion tsunami of maturing corporate debt

 

China should not be allowed to buy the LME

If DEBT is the problem REPAYMENT is the solution

 

Debt revenue doesn't equal tax revenue

 

I will pay for my own stupidity but not for the stupidity of others.

 

Remember, profits are privatised, losses are socialised.

That's the 21-century Free Market.

Link to post
Share on other sites

style="text-align: center;">  

Thread Locked

because no one has posted on it for the last 4365 days.

If you need to add something to this thread then

 

Please click the "Report " link

 

at the bottom of one of the posts.

 

If you want to post a new story then

Please

Start your own new thread

That way you will attract more attention to your story and get more visitors and more help 

 

Thanks

Guest
This topic is now closed to further replies.
  • Recently Browsing   0 Caggers

    • No registered users viewing this page.

  • Have we helped you ...?


×
×
  • Create New...