Mubeen Blogs

Labour said it would bring taxation of performance-related pay in the industry in line with others – but the chancellor had a change of heart How private equity convinced Labour to go easy on its multimillion pound tax perk It has been almost two decades since Nicholas Ferguson, a grand figure in the private equity business, caused a storm by talking out loud about his industry’s dirty little secret. It could not be right, he said , that highly remunerated private equity executives could pay less tax than a cleaner or other low-paid workers. Things have moved on a bit since 2007. So-called “carried interest”, or carry – the portion of an investment profit that the private equity managers retain as a bonus for success – is now taxed at 28% under the capital gains regime; in the old days, rates in effect as low as 10% could be secured thanks to various exceptions. Continue reading... from The Guardian https://ift.tt/H8WxpnO

Harris faces conundrum of showing deference to president while distancing herself after his ‘garbage’ comments The delicate dance by Kamala Harris ’s presidential campaign to simultaneously show deference to Joe Biden , separate herself from his presidency and thwart his ambition to campaign for her has reached a critical juncture as the 2024 election approaches its climax. The steps of the dance, which has been going on since Harris assumed the Democratic party nomination in August and involve efforts to shield the 81-year-old president’s ego and feelings, became even more leaden overnight Tuesday after Biden appeared to call supporters of Donald Trump “garbage” . Continue reading... from The Guardian https://ift.tt/u7SJPsb

Badenoch and Jenrick appeal to worst instincts of Tory members, though few seem to care about what is clearly a temporary appointment First the good news. In just a few days time you won’t be subjected to a constant stream of unconsciousness from Kemi Badenoch and Robert Jenrick. Now the bad news. In just a few days time, either KemiKaze or Honest Bob will become the new Tory leader and you will get yet more white noise from one of them. Most likely Kemi. It’s enough to turn anyone to drugs. There again, maybe you’re the type of person who can easily zone out the moment certain annoying sound frequencies kick in. Clearly you’re not alone. The more KemiKaze and Honest Bob battle for headlines, the greater the indifference. Continue reading... from The Guardian https://ift.tt/UZdvxtQ

Maybe my own childhood with a narcissistic, abusive, seductive father was what gave me eyes to see Trump for what he is I went to the Trump rally at Madison Square Garden on Sunday. Or I tried to. I wanted to see it, to feel it, to know it. I spent two hours smushed in a crowd of thousands, waiting in the cold, unable to move, in the midst of belligerent conversations, alcohol consumption, rantings and racist posturings. There were older Jewish men, Black families, Asian couples and young Latina women. I heard south Asian men calling Kamala Harris hateful slurs, others saying women needed to just shut up and listen to men. I saw working men showing off their jackets with artistic renderings of Trump as bullfighter slaying the deep state dragon. What I mainly heard and felt was grievance. I’ve always thought America was a mean place. And what I mean by that is that it’s structured for meanness. It’s a place of winners and losers, people who matter and those who can be disposed of, a c...

Owners of Neal’s Yard Dairy say they have heard from ‘a lot of incredible people’ since losing 950 wheels of cheddar The owners of Neal’s Yard Dairy have said they have had an “overwhelming” response after it emerged that more than 22 tonnes of cheddar had been stolen from the London cheese specialist. The company delivered 950 wheels of cheddar – reported to be worth as much as £300,000 – to an alleged fraudster posing as a wholesale distributor for a major French retailer. The cheese is believed to have been spirited away to Russia or the Middle East, according to suppliers to the company who were caught up in the scam on 21 October. Continue reading... from The Guardian https://ift.tt/aKSul13

The numbers speak for themselves. Mohamed Salah does not only make hay against the Premier League’s lesser lights, he routinely damages Liverpool’s rivals in the so-called Big Six. And so it was again here. Yet again. The first half had been a story of Bukayo Saka’s excellence for Arsenal. He scored a wonderful opener and, after Virgil van Dijk had helped Liverpool back up from the canvas, there was a first Arsenal goal for Mikel Merino. Mikel Arteta’s team looked set for a statement victory in a game that they dared not lose. Continue reading... from The Guardian https://ift.tt/CZpSOjH

Manager questions process after West Ham’s late penalty ‘Three times this season we feel injustice’ Erik ten Hag cried injustice after a controversial video assistant referee decision led to a 2-1 defeat for Manchester United against West Ham at the London Stadium. United were left seething when Michael Oliver, one of the game’s senior and most respected officials, instructed David Coote, the on-pitch referee, to review a collision in the area between Matthijs de Ligt and the West Ham striker Danny Ings. Continue reading... from The Guardian https://ift.tt/9B30Hwv