U-turn over bonus taxes

first_imgMonday 21 February 2011 9:12 pm whatsapp Show Comments ▼ KCS-content Tags: NULL Share THE GOVERNMENT has retreated from plans to tax deferred bank bonuses.New rules would have forced bankers to pay tax when a reward package was agreed, rather than when they cashed in on their bonus.Yet HMRC last night confirmed the measure, drawn up for chancellor George Osborne’s budget, will be scrapped. Companies had warned that staff could have been forced to pay tax even if they never ultimately receive the bonus, as many schemes are agreed subject to performance conditions. However some of the so-called ‘disguised remuneration’ measures will no longer be included in the Finance Bill – the legislation used to enact the budget.City firms welcomed last night’s change.Tax partner at law firm CMS Cameron McKenna Nicholas Stretch said: “These arrangements have not been the basis for tax deferral and so should not have been caught in the first place, but there was a genuine fear that the legislation did catch them.”He added: “Everyone is grateful that the revenue has listened to practitioners and that innocent arrangements are no longer caught by policy developments designed to target anti-avoidance activity.”HMRC will still look to crack down on some staff rewards that don’t immediately incur tax, such as long-term loans paid through offshore trusts and deferred bonus payments. U-turn over bonus taxes More From Our Partners Connecticut man dies after crashing Harley into live bearnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPuffer fish snaps a selfie with lucky divernypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com whatsapplast_img read more

Read More →

SNOW’S THE STAIR MASTER IN THE RACE OF THE THOUSAND STEPS

first_img KCS-content Thursday 3 March 2011 7:09 pm whatsapp Tags: NULL HERE’S a story with legs: the results of the third annual Vertical Rush race up the 920 dizzying steps of City skyscraper Tower 42 in aid of housing charity Shelter.Setting off in hourly slots, 1,200 chip-timed runners – including racers from Legal & General, Schroders, Threadneedle, Tullett Prebon and KPMG – vied to see who could scale the stairs in the fastest time, with Graeme Newton from Tullett Prebon reaching the top in seven minutes and 11 seconds and Hugo Joyce from Schroders clocking in at eight minutes and two seconds.However, they were no match for Matt Roberts, personal trainer to the rich and famous, who “pushed his physical capabilities to the limit” to reach the top in just six minutes and 44 seconds, before Channel 4 News broadcaster Jon Snow had even tied his shoelaces.When Snow did eventually reach the top, five minutes and 13 seconds later, he declared that the UK’s largest tower-running event is on a par with tackling election nights and conducting heated debates with members of Parliament. “I’ve certainly come across some challenges in my career,” he said. “But never had I imagined I would attempting to race up nearly 1,000 steps in record time.”NOTES ON A SCANDALWITH a month having passed since former Dresdner Kleinwort banker Christian Littlewood was given the UK’s longest-ever sentence (40 months) for insider dealing, it’s odd the FSA still hasn’t acknowledged his misdemeanours.The FSA’s website (www.fsa.gov.uk/ register) would seem to suggest that Littlewood has no disciplinary record worth mentioning, despite being convicted of buying shares in companies just prior to takeover announcements more than 20 times in ten years.Littlewood is clearly a man who likes to play his cards close to his chest, judging by the fact that his LinkedIn page shows him acquiring just one solitary connection during his time at Dresdner.It’s not his wife Angie, whom Littlewood chivalrously attempted to blame for the insider trading scandal, so who could it be?TAXI!AS insurance firms digest the implications of the European Court of Justice decision that they can’t reduce premiums for safer female drivers, there is at least one feminist for whom the controversial ruling simply doesn’t apply.Labour’s deputy leader and chief gender warrior Harriet Harman was at a Westminster lunch for political reporters yesterday when she declared: “I’ve been paying twice as much on my car insurance for years and I can’t work out why!”Harman was poking fun at herself because she was, in fact, fully aware that the premium hike came after a little incident in 2009 when she was so busy chattering on her mobile that she crashed her car and, in her hurry, failed to leave her details at the scene.Instead, she proclaimed: “I’m Harriet Harman – you know where you can get me!”Luckily, discrimination against politicians is still very much allowed – even after the ECJ’s interventions.ON YOUR BIKEIS there anybody left working at their desks in the City these days? The Capitalist only asks because the start of spring seems to have inspired the financial world to up sticks and set off around the world by bicycle.Brett Seychell, who has been the general manager of the Abacus bar on Cornhill for the past three years, is turning his back on working for the busiest bar in the City to cycle from London to Melbourne with his girlfriend Kimmi.You can follow their exploits at www.thekindnessofstrangers.net, the website for the private charity they have set up. But if you would like to take a more active role, Matthew Whitaker, programme manager from Barclays, is looking for volunteers to join him on a bike ride from Hyde Park corner to Christchurch to raise funds for the victims of the New Zealand earthquake.Christchurch, Bournemouth, that is – to ride, help or sponsor the 110 mile feat, contact Matthew on mattheww_nz @yahoo.co.uk.£100k DAYANOTHER fundraiser for the New Zealand earthquake victims is the all-star charity rugby game between the Pacific Barbarians and an Australian XV this Sunday at the Old Deer Park in Richmond.Bookmaker Paddy Power is sponsoring a “half-time cross-bar” challenge at the game, when two people from the crowd who have bought raffle tickets will be selected to drop-kick from 40 metres for £100,000.If the punters hit the bar, they win the jackpot and the drinks are on them for the rest of the day – not bad at all for 15 minutes of work. SNOW’S THE STAIR MASTER IN THE RACE OF THE THOUSAND STEPS center_img Share Show Comments ▼ whatsapplast_img read more

Read More →

Bank fees in T-Mobile deal could reach $145m

first_img The bankers advising mobile operator AT&T on its $39bn deal to take over T-Mobile USA could walk away with $145m (£89m) in fees, a US consultancy has said.Morgan Stanley and JPMorgan Chase will gain the lion’s share of the fees to provide M&A advice to both sides, with loan arrangement fees making up the remainder, according to consultancy firm Freeman & Co.JPMorgan and two boutique firms, Greenhill and Evercore, advising AT&T should split $55-60m between them while the banks working with seller Deutsche Telekom – Morgan Stanley, Credit Suisse and Deutsche Bank – should take home $50-55m, Freeman said.Fees to underwrite a bridging loan to secure the deal will generate even more fees for JPMorgan. The bank could have gained fees of $20m for helping AT&T to borrow $20bn unsecured for 18 months – the second-largest bridge loan since 2000, according to Thomson Reuters LPC.AT&T’s acquisition is the biggest global telecoms deal since 2006, when AT&T bought BellSouth for $89.4bn. Bank fees in T-Mobile deal could reach $145m whatsapp Show Comments ▼ Share Monday 21 March 2011 4:13 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The Wrap’Small Axe’: Behind the Music Everyone Grooved On in Steve McQueen’sThe Wrapcenter_img Tags: NULL alison.lock whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodaySerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediamoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldlast_img read more

Read More →

US house prices continue to slide

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailBrake For ItThe Most Worthless Cars Ever MadeBrake For ItSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBe20 Stunning Female AthletesBetterBeDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald US house prices continue to slide America’s housing slump is continuing, according to data released yesterday by the Federal Housing Finance Agency (FHFA). US house prices dropped 0.3 per cent from December to January, the FHFA said. Furthermore, the previously reported 0.3 per cent dip in December was revised down to a significant one per cent fall. In January, prices were 3.9 per cent lower than the same time last year. The index is 16.5 per cent below its April 2007 peak. whatsapp Share whatsapp center_img Tuesday 22 March 2011 8:34 pm More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Show Comments ▼ KCS-content Tags: NULLlast_img read more

Read More →

Bethard in talks over US B2B opportunity

first_img Bethard Group is in talks with an unnamed US entity that could lead to the company’s Together Gaming B2B service securing a foothold in the market.The group’s founder and director, Erik Skarp, told iGamingBusiness.com that the Swedish company currently has no plans to enter the US market with its consumer-facing website, Bethard.com, before the end of next year.That is in spite of Bethard having signed up Zlatan Ibrahimović as a brand ambassador in March, with the Swedish football legend having a contract to play at LA Galaxy in North America’s increasingly high-profile Major League Soccer until the end of the 2019 season.However, Skarp revealed that Together Gaming, which was established three years ago as part of the group, could be poised to break into the US.“We are currently in discussions with an American player for a potential partnership for the US market where we would provide our platform and expand our B2B business, which today is operated under Together Gaming,” Skarp said.The group, which already had licences to operate Bethard.com in Malta and the UK, added to its portfolio by securing a licence in Denmark last week.The company confirmed that it is “actively seeking licences in several other markets and expects to have a licensed presence in most key European markets by 2020”.Bethard has filed a licence application in Sweden ahead of re-regulation coming into force in the company’s home country on New Year’s Day 2019, while a state licence in the German state of Schleswig-Holstein is also in the pipeline.“Our internal goal is to take at least two to three new licences per year,” Skarp added.Bethard plans to start welcoming Danish players to its website “within weeks”, although a specific launch date has not been disclosed. Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 24th August 2018 | By contenteditor Strategy Bethard in talks over US B2B opportunity Tags: Online Gambling Topics: Strategy Subscribe to the iGaming newsletter Regions: US But group’s consumer-facing website will focus on Europe rather than US for foreseeable futurelast_img read more

Read More →

KYC & Identity Verification: The New Table Stakes for Legalized Sports Betting

first_img In May, the United States Supreme Court repealed the Professional and Amateur Sports Provision Act 1992 (aka PASPA) paving the way for individual states to legalize online sports betting in the U.S. This means individual states can introduce legislation permitting sports betting if they so wish, by striking down a federal law which had effectively prohibited this. This opens the floodgates for casinos, gaming operators, and online fantasy leagues to explore the viability of legalized sports betting. But, this also means that these progressive states need to figure out the best approach to making sports books secure with authentication and advanced identity verification.In this webinar, you’ll learn…• The current state of the PASPA repeal• In-person vs online identity verification• Taking a page out of the European sports betting playbook• The importance of a fast, simple & compliant verification process Following the PASPA repeal, learn the best approach to making sports books secure with authentication and advanced identity verification. Subscribe to the iGaming newsletter AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Email Address Topics: Tech & innovation 6th September 2018 | By KYC & Identity Verification: The New Table Stakes for Legalized Sports Betting Tech & innovationlast_img read more

Read More →

PAGCOR to clamp down on illegal gambling with new alliance

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter 22nd March 2019 | By contenteditor Tags: Online Gambling Legal & compliance Regions: Asia Philippines The Philippine Amusement and Gaming Corporation (PAGCOR) has entered into a mutual cooperation agreement with four government agencies as part of an effort to tackle illegal online gambling in the Southeast Asian country.The regulator, along with the Philippine National Police (PNP), National Bureau of Investigation (NBI), Bureau of Immigration (BI) and the Office of Cybercrime (OOC) under the Department of Justice, will form an inter-agency council.The new council will assume responsibility for both the gathering and sharing of intelligence information related to illegal online gambling, as well as exchanging, reporting and centralising this data.The council will also oversee intelligence operations, surveillance, raids, arrests and prosecutions as part of the new effort. This will include forensic examination of cases, validating gaming licences and a visa certifications, as well as filing the appropriate criminal and administrative charges against those that break laws.“We’ve been doing this for the last two years together with the investigative and enforcement arms of the government like the NBI and the PNP,” PAGCOR chair and CEO, Andrea Domingo, said.Formation of the new council is a direct response to Executive Order No. 13, s. 2017, which, issued by President Rodrigo Roa Duterte, calls to “strengthen the fight against illegal gambling and to clarify the jurisdiction and authority of concerned agencies in the regulation and licensing of gambling and online gaming facilities”.The Office of the President will oversee the implementation of the Executive Order, which PAGCOR has said will reinforce its authority to regulate all games of chance, except those regulated by other regulatory bodies in their respective jurisdictions. PAGCOR to clamp down on illegal gambling with new alliance Topics: Legal & compliance The Philippine Amusement and Gaming Corporation (PAGCOR) has entered into a mutual cooperation agreement with four government agencies as part of an effort to tackle illegal online gambling in the Southeast Asian country. Subscribe to the iGaming newsletter Email Addresslast_img read more

Read More →

Lottoland launches legal challenge against ACMA ruling

first_imgAddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Lottoland launches legal challenge against ACMA ruling Lottoland Australia has launched legal action against a ruling by the Australian Communications and Media Authority (ACMA) that the lottery betting operator breached national law by offering prohibited interactive gambling services in the country. Lottoland Australia has launched legal action against a ruling by the Australian Communications and Media Authority (ACMA) that accuses the lottery betting operator of breaking the law by launching its jackpot betting games in the country. The ACMA has decided that a number of its jackpot products constitute games of chance, which are prohibited under Australia’s Interactive Gambling Act, rather than a form of betting.It said the Monday, Wednesday, Tuesday and Thursday Jackpot games, as well as the US Millions and US Power products, were all prohibited igaming products. Lottoland’s Daily Millions jackpot betting service, on the other hand, was not found to be in breach.The ACMA has been investigating the online jackpot betting games since they launched in January this year, reportedly following a quest from then-Minister for Communications Mitch Fifield. The games were launched to replace Lottoland’s lottery betting products in the Australian market, which were prohibited from January 1, 2019, after the Australian parliament approved a ban in June last year.The games take numbers at random from financial markets at set times of day, which are then used to create on single, large number. This is then converted into winning numbers for a lottery-style draw. Though Lottoland has pointed out that as the numbers are drawn from Australian and international stock indices, on which the country’s gambling laws allow bets to be placed, the launch immediately came in for criticism. Alongside the ACMA investigation, the Australian Securities and Investments Commission (ASIC) has also received complaints querying whether the games are in breach of interactive gambling laws. Lottoland is disputing the ACMA’s decision, and has launched legal proceedings.“We have decided to challenge ACMA in the Supreme Court because we believe their view on jackpot betting is wrong,” Lottoland Australia chief executive Luke Brill said in a statement issued to iGamingBusiness.com.“Lottoland’s jackpot betting products have been approved by the relevant licensing authorities, and we believe they are fully compliant with Australian law.“We have worked hard to adapt to recent changes to the law, and we are committed to providing exciting new products that our customers love,” he explained. “By taking this stand against ACMA, we are fighting for the rights of hundreds of thousands of Australians who enjoy the occasional flutter. We are fighting for freedom of choice.”ACMA said it will not be making further comment on the matter while legal proceedings are in progress. 7th June 2019 | By contenteditor Topics: Legal & compliance Lottery Tags: Online Gambling Legal & compliance Subscribe to the iGaming newsletter Regions: Oceania Australia Email Addresslast_img read more

Read More →

Webinar: Building an Esportsbook

first_img What esports titles that relate to betting What are the current products and methods of integrating esports into your sportsbook How to build a robust and authentic esportsbook Different marketing approaches to engage with esport bettors Measures to prevent fraud and retain margins Uncategorized Our panel of expert speakers will consider the need to build an authentic and reliable esportsbook, as well as identifying current solutions and methods to integrate esports betting. This webinar takes place on Thursday 5th December 2019. Topics: Uncategorized The business case for creating an esports offering is apparent – but how can operators bridge the gap between gaming and betting?In this webinar, discussions will highlight the range of esports titles and their application to betting. A crucial part of this transition will be integrity, whereby marketing and developing esportsbooks in an authentic way will allow operators to grow the revenue stream with endemic marketing and strategic partnerships.The panel of expert speakers will also consider the need to build an authentic and reliable esportsbook, as well as identifying current solutions and methods to integrate esports betting.This webinar is sponsored by SIS. Tune in for this webinar to learn more about: Email Addresscenter_img Webinar: Building an Esportsbook Subscribe to the iGaming newsletter 21st November 2019 | By AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitterlast_img read more

Read More →

NHS survey: more than half of English adults gambled in 2018

first_img Just over half of over-16s in England gambled in 2018, with 0.4% identified as problem gamblers, according to the National Health Service’s (NHS) Health Survey for England study.A total of 53% of the 5,719 adults who participated in the survey said they participated in gambling activities during 2018. This figure falls to 39% when the National Lottery is excluded.The age group where gambling was most prevalent was from the ages of 45-54, with 59% of the cohort gambling. Gambling was least common in those aged 16-24, with 38% of that group reporting having gambled.Among men, gamblers skewed younger than among women, with the most common age group for male gamblers being 25-34, with 64% of respondents saying they took part in gambling, while 44% of those aged 16-24 gambled.Among women, the 45-54 and 55-64 age groups were the joint most likely to gamble, at 57%, while only 32% of those aged 16-24 gambled.The NHS did not provide the overall number of participants who gambled online, but said results suggested 15% of England’s male adult population, and 4% of women did so.Based on the Problem Gambling Severity Index (PGSI), the NHS estimated that 0.4% of respondents met the criteria to be classed as problem gamblers.The PGSI consists of nine areas such as “chasing losses,” “gambling causing health problems” and “feeling guilty about gambling”. Respondents score each area from 0, representing “never,” to 3, representing “almost always”. A score of 8 or more represents a gambling problem.A further 3.2% of respondents were identified as at-risk gamblers, scoring between 1 and 7 on the PGSI, meaning that 3.6% of participants were identified as either problem gamblers or at risk.Men were more likely to be identified as problem or at-risk gamblers, with 6% of men and 2% of women being identified as either problem or at risk. NHS survey: more than half of English adults gambled in 2018 Subscribe to the iGaming newsletter 3rd December 2019 | By Daniel O’Boyle Just over half of over-16s in England gambled in 2018, with 0.4% identified as problem gamblers, according to the National Health Service’s (NHS) Health Survey for England study. Topics: Strategy Email Address AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Strategy Tags: Online Gamblinglast_img read more

Read More →