Collapsed Metronet ’costing £500m’ The collapse of Metronet, the private company responsible for upgrading two thirds of the London Underground system, is heading for £500 million and climbing, one of Britain’s biggest unions cl... Read Full Article Wizards Take Myers With No. 1 Pick Chance Myers? decision to leave school early paid off Friday when the Kansas City Wizards selected him with the first pick in the Major League Soccer SuperDraft.... Read Full Article An Interface Of One’s Own For truly creative writing, word ??processing?? is not enough.... Read Full Article 2 Singapore Funds Invest And Recruit Talent Abroad Over the last few years, Singapore has embarked on an aggressive effort to court private banks and their clients as a way of diversifying the economy.... Read Full Article Frequent Flier: Searching For Sleep And Decent Clothing If you?re jet lagged, looking good is a real effort. But with a sleep mask, some earplugs and the melatonin, I?m in dreamland.... Read Full Article |
Trusts NewsIn Democracy Kuwait Trusts, but Not MuchOvershadowed by thriving monarchies, Kuwaitis are wondering if democracy is living up to its promises.Read Full Article Lord Jones alters tack on £30,000 non-doms feeGordon Brown’s Trade Minister yesterday backtracked on his claims that a Treasury crackdown on nondomiciled foreigners would threaten London’s role as a finance centre.<br/> <br/> Lord Jones of Birmingham raised the Treasury’s ire by saying that its plans to charge “nondoms” who have lived in Britain for seven years an annual fee of £30,000 made it harder for him to sell Britain to skilled overseas workers.<br/> <br/> But while Lord Jones, the former head of the CBI, said that his remarks had been taken out of context, top executives and accountants rallied behind him. They said that many talented professionals were considering moving from London to avoid the rules, which will bring their tax dealings under new scrutiny.<br/> <br/> Andrew Tailby-Faulkes, tax partner at Ernst & Young, described the Treasury’s proposals as “brutal and vicious”. “At least half of our nondomiciled clients are seriously thinking about leaving the UK,” he said. “They are all saying that, regardless of what happens now, the damage has already been done and that a breach of trust has already occurred.”<br/> <br/> Stuart Popham, senior partner at Clifford Chance and a member of the Chancellor’s City advisory group, defended Lord Jones’s comments. “I’m convinced that he’s saying this because he’s hearing it. We’re hearing the same conversations.”<br/> <br/> The Treasury is consulting on the rules, which it hopes will raise an extra £650 million a year in tax.<br/> <br/> About 100,000 people work for investment banks in London, of which 40,000 are nondom. About 30 per cent of these have been in the UK more than 7 years. A chairman at one bank said: “Digby Jones is absolutely spot on. We’re very concerned about it, we think it’s bad news and we’d like the Government to admit that the issue is more complex than it first thought and needs rethinking.”<br/> <br/> The chief executive of a leading UK company said: “The signal they’re sending isn’t a positive one. It’s very clearly signalling to top talent that the UK is slightly more ambivalent about them than has been the case. The people who will be affected are very mobile.”<br/> <br/> The Treasury is believed to be particularly annoyed by the comments because it is currently considering making modifications “at the edges” to some of the proposals. Lord Jones’s intervention is the latest by one of Mr Brown’s “Goats” – so-called because of his claim to be creating a “Government of all the talents” - to cause embarrassment to ministers.<br/> <br/> Yesterday, Treasury officials insisted that the tax package – less harsh than one put forward by the Conservatives – was fair. But they made plain that it was still being consulted upon, at least allowing the possibility that changes could be made.<br/> <br/> The Treasury is believed to be looking at arguments raised by nondoms against associated plans to prevent them using offshore trusts to avoid tax being paid on gains, even when they are remitted to Britain.<br/> <br/> Mr Darling will announce a final decision in the Budget on March 12. Yesterday’s intervention from Lord Jones found little support from the Conservatives, who are proposing to raise much more than the Government by introducig a £25,000 charge on nondoms, which would apply to all and not just those who have been in Britain for seven years.Read Full Article A Defensive Strategy for REIT InvestorsFor many investors, advice to use a more defensive tack when choosing real estate investment trusts may take some getting used to.Read Full Article Bequeathing, With Strings AttachedOnce only for the superrich, dynasty trusts now provide a way for the rest of us to leave money to loved ones and preserve wealth for future generations.Read Full Article Square Feet | Ventures: REITs Are Down, but for How Long?The enduring rally in real estate investment trusts finally ended this year as turbulence in the credit markets rattled the confidence of commercial investors and effectively halted the frenetic pace of REIT privatizations.Read Full Article External News for: trustsLand trusts make every donated dollar count - The OlympianLand trusts make every donated dollar countThe OlympianTwo land trusts formed in South Sound in 1989, a move that has paid dividends for fish, wildlife and clean water from the upper Nisqually River watershed to ...and more »Land trusts make every donated dollar count - The OlympianLand trusts make every donated dollar countThe OlympianTwo land trusts formed in South Sound in 1989, a move that has paid dividends for fish, wildlife and clean water from the upper Nisqually River watershed to ...and more »Confusion mounts over Sun City homes in trusts - YourWestValley.comConfusion mounts over Sun City homes in trustsYourWestValley.comThe Recreation Centers of Sun City has been talking lately about trusts and what Sun City homeowners need to keep in mind, but residents continue to express ...Land trusts make every donated dollar count - The OlympianLand trusts make every donated dollar countThe OlympianTwo land trusts formed in South Sound in 1989, a move that has paid dividends for fish, wildlife and clean water from the upper Nisqually River watershed to ...and more »Confusion mounts over Sun City homes in trusts - YourWestValley.comConfusion mounts over Sun City homes in trustsYourWestValley.comThe Recreation Centers of Sun City has been talking lately about trusts and what Sun City homeowners need to keep in mind, but residents continue to express ...Conditions imposed on Stafford Hospital trust - BBC NewsThe GuardianConditions imposed on Stafford Hospital trustBBC NewsA hospital trust which was the subject of a damning report has been allowed to register with an NHS watchdog - but with conditions. ...NHS watchdog issues ultimatum to two hospital trustsThe GuardianScandal-hit hospital trusts 'ordered to improve or face fines or even closures'Telegraph.co.ukTrusts must support staff or lose registration, says CQCNursing TimesPortsmouth News -Daily Mail -TopNews United Statesall 67 news articles » |
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