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  • Forex Enterprise Review | Make Money Online Fast | MakeMoneyReviews.co.uk
    insistent on taxing non doms and also not in the mood to lower corporation tax companies whose tax amounts are substantially high are looking at different countries in a bid to save on taxes So as Shell moved to the Hague Kraft Foods moved off to Zurich even as Colgate Palmolive and Procter and Gamble chose Switzerland as their European headquarters The business lobby group CBI however has laid the blame directly on the UK government for driving away all these tax paying companies out of the UK Richard Lambert the director general of CBI said that We are deeply concerned that the UK corporate tax system is becoming uncompetitive and cautioned that drastic changes were needed if Britain were to become a competitive place for businesses The CBI also stressed that it was in favor of a corporation tax of 18 to be brought in within a span of 8 years and a simple corporate tax system Yahoo s shift to Switzerland could be completed in the next one and a half years and with plug and play technology now making these moves quite easy many more companies could follow suit if the UK government does not act fast Some companies like Catlin and Hiscox have chosen to move to Bermuda due to the low tax rate of around 11 and ease of documentation Yahoo which is under fire from 2 sides with Microsoft hot on its tail to snap up the company and with competitor Google trying to snare away its customers has decided that this move could enable them to save on taxes and improve their bottom line and also impress its investors that it can resist Microsoft s hostile bid Google has already moved its office to Zurich in Switzerland and Yahoo s decision to move

    Original URL path: http://www.makemoneyreviews.co.uk/news/yahoo-in-switzerland.html (2016-02-12)
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  • Forex Enterprise Review | Make Money Online Fast | MakeMoneyReviews.co.uk
    a fall of around 17 on Wednesday the shares did manage to recover around 7 of its damaged price even as Mr Hornby bought 92 812 shares by shelling out 414 000 pounds out of his annual bonus accompanied by another purchase of 100 000 shares which were picked up by Charles Dunstone for 500 000 pounds who is one of the independent directors of HBOS These purchases accompanied by around 250 senior staff at HBOS pumped up the total to around 1 3 million shares 4 46 pounds per share A statement by the spokesperson from HBOS said that the move reinforced very clearly about the high level of confidence senior directors had in the company and that the bank already had a strong culture of its staff having equity ownership and also that a portion of the annual bonus would always be spent by its senior staff by investing in the bank s own shares The move by the Bank s staff to pick up its shares at lowered prices could already net them a profit of 325 000 pounds after the prices of HBOS picked up at the end of the week Mr Hornby himself now has around 3 4 million pounds worth of shares in HBOS with the last purchase spree resulting in a 25 000 pound profit on paper Mr Hornby and other senior staff received their annual cash bonus on Thursday and used up a portion of that bonus on making purchases in their own company s shares as a practical way to ward off rumors and raise their holding in the company As the Financial Services Authority FSA launched an investigation into the origins of Wednesday s rumors which sought to bring down the bank s shares along with others banks too HBOS

    Original URL path: http://www.makemoneyreviews.co.uk/news/hbos-staff-reiterate.html (2016-02-12)
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  • Forex Enterprise Review | Make Money Online Fast | MakeMoneyReviews.co.uk
    s current value stood at 6 4 billion pounds The group has 8 nuclear plants in Lancashire Ayrshire East Lothian Kent Suffolk and Somerset in addition to a coal based power generator in East Yorkshire As per the government s plans these nuclear stations have to be decommissioned by the year 2035 and new nuclear power plants will be commissioned on the same or near to the existing power plants BE was in talks with prospective buyers in the past year but at present seems to be more serious But Centrica will need to outbid other competitors such as RWE of Germany Iberdrola of Spain and EDF of France if it is to get its hands on BE The British Government which has a 35 stake in BE has appointed UBS as its advisor while NM Rothschild is advising BE on the proposed tie up or takeover deal BE supplies around a sixth of the total electricity supplied to the UK and talks of a possible take over have already raised its share prices to 621p in the past week Centrica s chief executive Sam Laidlaw was of the view that his company could give a British solution to secure BE s future Centrica has seen its share prices come down to 297p from the start of the current year and its current market value is around 11 billion pounds It also faces a tough fight since its rivals bidding for BE are not only giants in their respective countries but have also picked up other related companies in the recent past The fact that Centrica s share prices have eroded 17 during the previous 3 months could prove to be a handicap in the group s bid to raise cash in order to take over BE Centrica s spokesperson

    Original URL path: http://www.makemoneyreviews.co.uk/news/centrica-proposes-to-be.html (2016-02-12)
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  • Northern Rock Business Plan | MakeMoneyReviews.co.uk
    of the Government along with the European Commission which could take a month but these plans have already raised opposition from its competitors that the Rock has an unfair advantage due to the government backing Mr Sandler will also be facing opposition from the bank s union Unite who has vowed to oppose any job cuts Northern Rock has plans to chop around 2 000 jobs within the next 3 years as part of its re structuring plan Mr Sandler however insisted that their saving rates were the same that were prevailing in the market He further explained that their business plan was strong and demanding but a lot also depended on the economy proceeding as per their line of thinking and that it would take a longer time to execute their plans in case the economy strayed into a different path Mr Sandler also stated that his plans were not aimed at chopping jobs but more about conserving the Bank and maintaining its financial health before returning it back to the private sector The plan also includes shutting down its savings operations in Denmark It has also proposed incentives to its remaining staff whenever certain targets such as paying off the government debt are achieved But the fact that Bank can offer retail savings with Government backing will make them similar to National Savings and Investments from the safety point of view and it is precisely this point which is troubling its competitors The Director General of the Building Societies Association Adrian Coles said that the Bank s plan does nothing to reduce the fear of unfair competition from a bank which is now funded by the taxpayer and that Northern Rock s word that they will not take unfair advantage of the Government guarantee was not good enough

    Original URL path: http://www.makemoneyreviews.co.uk/news/northern-rock.html (2016-02-12)
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  • Bank of England Struggle with Inflation | MakeMoneyReviews.co.uk
    England The increased level of inflation has restricted the Bank of England from reducing its interest rates and even though the US Federal Reserve has made a drastic cut in the US interest rates it seems unlikely that the Bank of England will follow suit and would rather prefer to wait and watch for another month or two at least before making any reductions However Howard Archer the Global Insight economist feels that the Bank Of England might have to reduce the interest rate in April itself in case of continuation of tight liquidity and if the rates maintained its rise in the money market But the slowing down of the economy and the highest inflation rate since the last 9 months does not bode well for ordinary Britons already under pressure from rising mortgage payments and fuel prices The Office for National Statistics which calculates the consumer price index has said that the higher inflation rate was expected and that the new method of calculating the increased energy prices instead of waiting for 4 months was the main reason behind the jump as compared to the previous month and that the index would have remained at 2 2 if the new methods of calculations were not factored in The energy and fuel price increases have also been accompanied by a steep rise of 17 6 in food prices such as bread milk and cheese which incidentally is the highest rise in the last 10 years However the prices of some fruits and vegetables including strawberries recorded a fall However as Mr Darling s tax increases kicked in the rates of Cigarettes and Liquor have increased Many analysts believe that the continuous rise in fuel and food bills could push the inflation level above 3 in the coming months The

    Original URL path: http://www.makemoneyreviews.co.uk/news/bank-of-england-inflation.html (2016-02-12)
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web-archive-uk.com, 2016-10-28