• Home
  • Tag: 乐上海 闵行碧波泉4楼油压

Economic sentiment improves

first_img KCS-content whatsapp Sunday 14 November 2010 10:30 pm Economic sentiment improves THE first quarters of next year will bring no relief from the UK’s economic slowdown, according to a business trends report released today by accountancy firm BDO. But the report’s optimism index suggests that sentiment is in slightly better shape than it was during the summer – although it still forecasts a contraction in the economy over the next coupe of quarters. The October index comes in at 91.9, below the 95 mark that would suggest flat growth, but it is nonetheless marginally up from its September score of 91.6. And it is significantly above its low ebb between April and August.BDO partner Peter Hemington said: “The slight increase is, we hope, a sign that the rot may have stopped.”He added, however, that “we would urge caution”: the report’s output index fell under the break-even 95 mark for the first time since June 2009, coming to 93.8 in October, down from 95.9 in September. A separate survey confirms the gloomy outlook into 2011: the Lloyds TSB corporate markets barometer shows that in October only 46 per cent of firms were more optimistic about the economy now than they were three months ago. 35 per cent said they were more pessimistic, giving an overall score of 11 per cent. FAST FACTS | BDO BUSINESS TRENDS● BDO’s indices are compiled using all the major UK business surveys, covering 11,000 respondents in firms employing 5m people.● The break-even point is 95. Below this score suggests expectation of a contraction. Show Comments ▼ whatsapp Share More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.com Tags: NULLlast_img read more

Ireland set to double gambling taxes

first_img Subscribe to the iGaming newsletter Bookmakers say rise will be ‘catastrophic’ for the industry 3rd October 2018 | By contenteditor Finance Tags: OTB and Betting Shops Ireland set to double gambling taxes Topics: Finance AddThis Sharing ButtonsShare to LinkedInLinkedInShare to FacebookFacebookShare to TwitterTwitter Regions: UK & Ireland Ireland is set to next week double taxes on gambling despite the country’s gambling industry predicting widespread shop closures and financial losses.Reports suggest the government will increase the duty from 1% of turnover to 2% in next week’s Budget in a bid to secure around €50m for public spending. It has been suggested some of that money will fund problem gambling treatment.The tax rise is seen as a victory for the Independent Alliance in its Budget negotiations with Finance Minister Paschal Donohoe (pictured).However, the Irish Bookmakers Association has slammed the suggestion of a tax rise, claiming it will put around 35% of the country’s 850 betting shops at risk of closure, and threatens 1,500 jobs. In its Budget submission of July it said the current 1% tax was the “maximum possible with regard to the viability of many smaller operators”.Following the reports that the Government will double gambling tax, Sharon Byrne, chair of the IBA, reiterated the organisation’s position to iGamingBusiness.com.“We estimate for a typical independent operator with a modest turnover of €2m per shop, that they are already paying six times more in tax than the profit made per year in that shop,” the IBA said. “A 1% increase would wipe out any profit made in that shop and cause them to be loss making if their gross margin was to drop below 12%, which is highly probable.“The business is characterised by very low margins and any change in our cost base could be catastrophic, particularly to the smaller operators.”The current tax rate, which was introduced in 2015, is on top of standard business charges. Irish gambling companies are unable to recover VAT on purchases, while turnover is impacted by the ban on FOBTs in betting shops.The IBA estimates that there have been around 500 betting shop cloures in the last 10 years with the loss of around 2,500 jobs. It said the market has “stabilised” of late, however “we remain extremely vulnerable to any changes in our cost base as overall staking levels remain under threat”.While the IBA believes the changes could be “catastrophic”, the proposed tax hike is less than the 2.5% rate sought by Horse Racing Ireland last year.In July, Irish President Michael Higgins suggested introducing a blanket ban on gambling adverts during live sport broadcasts in order to protect “integrity”.However, Paddy Power Betfair CEO Peter Jackson criticised the plans, saying that although the bookmaker is keen to see progress on controlling problem gambling, an outright ban is not “necessarily the right answer”. Email Addresslast_img read more