Donald Trump ‘a bad businessman or a tax cheat – probably both’, say accountants

Accountants say the revelation that Donald Trump paid just $750 (£580) in federal income tax in 2016 shows that the US president is either “a very bad businessman or a tax cheat … probably both”.

Independent left-leaning accounting experts who analysed Trump’s tax returns, which were published by the New York Times on Sunday, said that while the full details of Trump’s tax affairs were n...

Continue reading
Uber granted London licence as court rules it 'no longer poses a risk'

Uber has been granted a further 18-month licence in London after an appeal found it was a “fit and proper” company to run private hire car services.

Westminster magistrates court ruled in favour of Uber almost a year after Transport for London (TfL) refused the ride-hailing firm a licence extension over safety concerns.

The deputy chief magistrate, Tan Ikram, said he had “sufficie...

Continue reading
Many Google staff may never return to office full-time post-Covid

Google is planning for a world in which many of its employees never return to the office full-time, its chief executive has revealed.

Sundar Pichai said 62% of Google employees had expressed an interest in returning to the officepart-time, and that the company would try to accommodate that desire even after the Covid pandemic subsides.

In an interview with Time magazine, which nam...

Continue reading
China attacks US 'bullying' over ban on Tiktok and WeChat

China has accused the United States of “bullying” and suggested it may take unspecified countermeasures after Washington banned downloads of popular video app TikTok and effectively blocked the use of the Chinese super-app WeChat.

“China urges the US to abandon bullying, cease (its) wrongful actions and earnestly maintain fair and transparent international rules and order,” a statement b...

Continue reading
Medical cannabis companies cleared for London stock market

Medicinal cannabis companies have been cleared by the UK’s financial regulator to float on the London Stock Exchange but firms that sell marijuana to recreational users will still be banned.

The Financial Conduct Authority said businesses that grow and sell recreational cannabis, even in countries such as Canada where it is legal, cannot list in London because of the Proceeds of Crime Ac...

Continue reading