tax
RSS taxIn Brief: The future looks a little brighter for Orange
News Orange is gradually nearing profitability, reducing its pre-tax loss by a third during the first six months of 1998. The company's latest results show a pre-tax loss of £49.1m compared with £73.5m for... [10 Aug 1998]
In brief: C&WC shares continue to slide
News Investors who buy the bonds can trade them at a later date for cash or shares in C&WC, but the nature of the transaction means Bell Atlantic can defer tax payments. Shares in Cable and Wireless Communications (C&WC)... [04 Aug 1998]
In brief: UK gamblers offered tax-free Net service
News The UK's first tax-free online betting service is set to launch on 3 August. Based in the Channel Islands, it aims to exploit the tax-free status of the island of Alderney to allow punters to place bets... [03 Aug 1998]
UK taxpayers take to the Web
News Electronic tax assessment has finally been a success according to the Inland Revenue. The service, managed by EDS, acknowledges tax filings the next day and offers free modems as an incentive to... [31 Jul 1998]
BT announces drop in profits
News BT has posted first quarter results showing a rise in turnover of over 10 per cent, but the telco's pre-tax profits have slipped to £723m, down 17 per cent on the same period last year. For the three months ending 30... [30 Jul 1998]
EU sues US over IT tax loophole
News The EU has filed suit against the US, claiming an American tax loophole negatively impacts European high-tech companies. Under American trade law, US companies can route their exports through tax-free... [27 Jul 1998]
Reuters blames profit drop on financial package
News Reuters has blamed its poor take-up of its financial information product and software services for a three per cent drop in pre-tax profits. Profit from the Instinet equities dealing product fell as new rules brought... [23 Jul 1998]
UK set for freedom of information bill
News Clark originally outlined these plans in his Better Government White Paper, which included proposals for publishing information on the Internet such as tax returns for the self-employed and welfare benefits through kiosks. [23 Jul 1998]
In brief: CA shares plunge over 30 per cent
News The company suffered a one-off charge of $675m after tax to stock issuance under the 1995 key Employee Stock Ownership Plan. Computer Associates shares fell by over 30 per cent on Wall Street today, after the company... [22 Jul 1998]
In brief: HP issues Q3 profit warning
News Customs officials are investigating allegations that the company brought $6m of kit into the country without paying required import tax and duty. Hewlett-Packard (HP) has warned investors of lower than expected profits... [22 Jul 1998]
Rockwell announces $482m loss
News The company took a pre-tax special charge of $597m relating to the changes, which included worldwide job losses, facility closures, consolidations, exiting non-strategic businesses and product lines as well as write-offs... [21 Jul 1998]
In brief: SAP surprises with healthy results
News The company also posted pre-tax profits of $460m - a rise of 43 per cent over the same period last year. Dr Henning Kagermann, co-chairman at SAP, remained optimistic about the company's long-term fiscal fortunes,... [20 Jul 1998]
In brief: NCR posts healthy Q2 results
News NCR Corporation's pre-tax income has leapt from $2m (£1.2m) in 1997 to $92m (£56m) for the second quarter ended June 30 1998. The company also posted $23m (£14m) in income for the same quarter. The company attributed the... [17 Jul 1998]
Smartcard-based road toll schemes get financial boost
News Recent reports indicate UK smartcard-based road toll schemes may get a boost from road tax revenues. Reuters reports that the revenues will now go to local government rather going straight to the Treasury. [17 Jul 1998]
BT shareholders to vote on share buy-back
News With WorldCom's purchase of MCI nearing completion, BT will soon be sitting on $7bn (£4.4bn) less tax - its payment for selling its 20 per cent stake in MCI. BT shareholders will tomorrow vote on the company buying... [14 Jul 1998]
