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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….
Tynwald committee warns against systematic reliance on reserves
BBC A committee has made 11 recommendations after reviewing the role of the Treasury, reserves and the island’s structural deficit A Tynwald scrutiny committee has warned the Isle of Man’s government could face “significant repercussions” if it does not end its “systematic reliance” on financial reserves. The Economic Policy Review Committee (EPRC), led by three…
EU to suspend approval of US tariffs deal
The European Parliament is planning to suspend approval of the US tariffs deal agreed in July, according to sources close to its international trade committee. The suspension is set to be announced in Strasbourg, France on Wednesday. The move would mark another escalation in tensions between the US and Europe, as Donald Trump ratchets up…
The Manchester community shop selling groceries at huge discounts
Kelly Foranand Jonny Humphries,North West Kelly Foran/BBC Andy Hawthorne said the idea, formed to help ease food insecurity, had “gone a bit nuts” A charity boss who founded a community shop selling groceries at a fraction of the price of supermarkets said the concept was so successful “it had gone a bit nuts”. Andy Hawthorne…
Kim Kardashian’s Skims hits $5bn valuation
Osmond ChiaBusiness reporter Getty Images Skims, the shapewear brand co-founded by celebrity and entrepreneur Kim Kardashian, says it has raised $225m (£171.5m) of new funding, bringing its value to $5bn. The company says it plans to use the money from investors, including an arm of Wall Street banking giant Goldman Sachs, to open more shops…
