One Direction paid 1,900 times more tax than Facebook. Yes, One Direction paid almost 1,900 times more UK tax than Facebook did last year.
The five original members, including Zayn Malik who left the band in March, handed the taxman £8.24m from their company 1D Media, after recording a pre-tax profit of £45.4m. Facebook paid just £4,327 in 2014 - which led to criticism from politicians. The social media giant reported a loss of £28.5m after paying British staff £35m in bonuses. At the time, Facebook said: "We are compliant with UK tax law, and, in fact, in all countries where we have operations and offices," adding that British employees paid UK income tax on their salaries.
Wage levels: Would I earn more in another city ? - Business - News. Chuggers are bad for charity in the long run. I have a face that I reserve for clipboard-wielding strangers on the street who bound towards me like puppies.
By staring expressionlessly into the middle distance and shaking my head, maintaining my stride, I hope to convey the message that I know they have a job to do but, should they attempt to talk to me, a plague of locusts will rain down on their heads and their houses will be reduced to a heap of ashes. Zara owner Inditex sees profits helped by Spanish recovery. Screen-reader users, click here to turn off Google Instant.
Germany's economy will grow faster because of the million refugees it is help... Germany’s economy will get a significant growth boost over the next few years because of the hundreds of thousands of refugees it is taking in, according to an economic analysis published today.
The research, released by Oxford Economics, suggests that an influx of a million people over the next three years would raise the country’s GDP by 0.6 per cent by 2020. The economists said that as well as increasing economic growth, the influx of people could also reduce inflationary pressures – which would give the government more room for economic stimulus. “The increase in the number of refugees moving to Europe and other parts of the world is primarily a humanitarian issue, but it will also have economic ramifications for destination countries and, within the Eurozone, Germany in particular,” the researchers said.
The German Chancellor, Angela Merkel 0.6 per cent GDP growth is roughly equivalent to a quarter's decent economic growth in recent years. Angry Students Are Boycotting Tesco After Minimum Delivery Spend Raised To £40. Robots Could Take 35 Per Cent Of UK Jobs In The Next 20 Years Says New Study. Robots taking jobs might seem like something out of science fiction but a number of key studies have revealed that nearly half of all US jobs could be at risk of being automated in the next 20 years.
The dystopian film 'Elysium' shows a world where automation has become commonplace That massive figure reportedly drops for the UK down to 35 per cent according to a number of studies by Deloitte and Oxford University. As part of its Artificial Intelligence coverage, the BBC has combined the two studies to create a picture of what the job market would look like in the future, highlighting which jobs would be at risk. Oxford Academics Carl Benedikt Frey and Michael A. Osborne's paper utilised a method which analysed each job in the US based on nine key skills required: Robots Taking 35% Of UK Jobs: 8 Roles Artificial Intelligence May Replace.
The bitter story behind the UK's national drink - BBC News. Several of Britain's biggest tea brands, including PG Tips, Tetleys and Twinings, have said they will work to improve the tea estates they buy from in India after a BBC investigation found dangerous and degrading living and working conditions.
Harrods has stopped selling some tea products in response, and Rainforest Alliance, the ethical certification organisation, has conceded the investigation has revealed flaws in its audit process. The joint investigation by Radio 4's File on Four and BBC News in Assam, north-east India, found workers living in broken houses with terrible sanitation. Many families have no toilets and say they have no choice but to defecate amongst the tea bushes. Living and working conditions are so bad, and wages so low, that tea workers and their families are left malnourished and vulnerable to fatal illnesses. There was also a disregard for health and safety, with workers spraying chemicals without protection, and on some estates, child labour being used. Concern. The old and new of Corbynomics - BBC News.
Explicit cookie consent. People Are Really Angry At Virgin Train's 'Sneaky' New Railcard Change - Which Will Cost Commuters Thousands. Supermarket Food Prices Rising Faster Than Thought, With Spaghetti Up By Nearly 20% In A Year. The cost of basic food and drink in supermarkets may be rising a lot faster than previously thought, with some rising by nearly a fifth in just a year.
A cross-section of everyday items, including tea bags, bananas, potatoes and milk, went up in price by an average of 8% over the past year, according to new figures piloted by the Office for National Statistics (ONS). Asos shares tumble after co-founder Nick Robertson quits. Asos shares fell by more than 5% after Nick Robertson, co-founder of the online fashion retailer, stepped down as chief executive after a rocky 18 months for the former stock market favourite.
Asos has replaced Robertson, who will remain on the board as a non-executive director, with Nick Beighton, the group’s chief operating officer, the company said, confirming reports on Tuesday night. Revealed: the widening gulf between salaries and house prices. The gap between income and house prices has sky-rocketed so much in the last 20 years that even in the most affordable regions of England and Wales buyers are forced to spend six times their income, a new data analysis reveals.
The situation is most dire in the capital, where the median house now costs 12 times the median London income. The Guardian analysed 19 million sales over 20 years from Land Registry and HMRC data. India's economic growth slows to 7% - BBC News. India's economy grew at an annual rate of 7% between April and June, official figures have shown.
This is slower than the 7.5% growth recorded for the previous quarter, and lower than expected. India and China - which also posted 7% growth in the second quarter - are now the joint fastest growing major economies in the world. But some economists have expressed concerns that India's official figures do not accurately reflect true growth. "At face value, today's GDP figures for [the second quarter] suggest that India matched China as the world's fastest-growing major economy last quarter," said Shilan Shah at Capital Economics. Karl Lagerfeld takes on the Greek debt crisis with satirical cartoon – stylewatch. China’s stock market tumble is taking luxury fashion stocks with it.
Quartz has chosen 30 innovators in Africa for their creative approaches to local problems in business, politics, culture and health and more. They will be honored on Monday (Sep. 14) at the Quartz Africa Innovators summit. Yinka Adegoke, Quartz Africa editor, says: The narrative in Africa has moved from seeking foreign-solutions-for-African-problems, to discussing African-solutions-to-African-problems. Eight reasons why China’s currency crisis matters to us all. After China unexpectedly devalued its currency last week, one City economist shrugged despairingly and said: “It’s August.” While it’s meant to be a time for heading for the beach or kicking back in the sunshine with the kids, August has often witnessed the first cracks that presaged what later became profound shifts in the tectonic plates of the global economy — from the Russian debt default in 1998, to what Northern Rock boss Adam Applegarth called “the day the world changed,” when the first ripples of the credit crunch were felt in 2007; to August 2011, when ratings agency Standard and Poor’s sent shockwaves through financial markets by stripping America of its triple-AAA credit rating.
Taking the long view, last week’s devaluation by China, which left the yuan about 3% weaker against the dollar, was relatively modest — sterling had lost 16% of its value in 1967 when Harold Wilson sought to reassure the British public about the “pound in your pocket”. 1. It could be serious. A 400% rent hike is forcing london's fashion designers out of their studios. Rail Fares 'Rise Three Times Faster Than Wages', Trade Unions Call For Renationalisation Of Services. Rail fares have risen nearly three times faster than wages over the past five years, leaving commuters "seriously out of pocket", according to a new report.
A study by the Action for Rail campaign showed that season tickets and other regulated fares had increased by 25% since 2010, while average pay went up by 9%. High street stores suffer worst summer for six years. The UK high street has endured its worst summer in six years, as volatile weather and the lure of restaurants and holidays kept shoppers away.