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Trump administration to invest $1.6bn for stake in rare earths firm
The Trump administration will invest $1.6bn (£1.2bn) in a US critical minerals firm, marking officials’ latest push to reduce China’s dominance over the rare earths sector. The agreement with USA Rare Earth, which will give the government a stake in the firm, emerged days after US President Donald Trump claimed to have secured the “framework”…
Crypto users forced to share account details with tax officials
Rachel ClunBusiness reporter Getty Images People buying cryptocurrency in the UK now need to share their account details or face penalties, in changes that came into effect on 1 January. The move by the UK’s tax body is designed to ensure they pay all relevant tax on buying and selling crypto, including capital gains tax….
I blew the whistle on a massive tax fraud – and they sued me
Theo LeggettBusiness Correspondent Jas Bains Jas Bains alerted Danish authorities to a £1bn tax scam and they hit him with a lawsuit “We’d be met at airports in 20-foot limousines, and taken to places like the Atlantis hotel in Dubai or the Singapore Grand Prix. There’d be a hundred grand spent in the bar.” In…
TikTok owner signs join venture agreements to avoid US ban
TikTok’s Chinese owner ByteDance has signed binding agreements with US and global investors for the majority of its business in America, TikTok’s boss told employees on Thursday. Half of the joint venture will be owned by a group of investors, including Oracle, Silver Lake and the Emirati investment firm MGX, according to a memo sent…
