Market volatility has seen 450,000 fewer people use investment ISAs but a 21% jump in the use of Cash ISAs, according to the latest figures from HMRC. The average amount UK savers put into ISAs stayed flat, with £5,187 put into Cash ISAs and £9,331 into Stocks and Shares ISAs. Adrian Lowcock, head of personal […]
Archives for June 2020
New lockdown mindset shows consumers have low trust in businesses over tax paid
Fair Tax Mark’s annual polling reveals that consumer behaviour has shifted during lockdown, in which public distrust in businesses paying tax is significantly higher. 78 percent of respondents believe that all companies, regardless of their size, should publicly reveal the taxes they pay and don’t pay in the UK, with 79 percent saying they would […]
Tencent buys Malaysian streaming platform Iflix in SE Asia push
Tencent said on Thursday it had purchased Malaysian video streaming platform Iflix‘s “content, technology, and resources” in a bid to grow its presence in Southeast Asia. The Chinese tech giant said in a statement that Iflix’s catalogue of “international, local, and original content” would enable it to expand the reach of its overseas video streaming […]
Google to pay some publishers in Australia, Brazil, Germany for content
Alphabet’s Google on Thursday took a step to resolving its spat with publishers, saying it would pay some media groups in Australia, Brazil and Germany for high-quality content and expects to do more deals with others. The U.S. internet giant has for years tried to fend off demands for payment from news publishers worldwide in […]
4 Important Financial Lessons Learned From COVID-19
The coronavirus has spread like a fire globally. This pandemic has taught us not one but many lessons. As it is always said, any experience teaches you some lessons. It is up to us whether we understand it or just ignore it. In this blog, we will focus on the financial lessons we learned regarding […]
Income Tax Calculator India (FY 2020-21) (AY 2021-22)
Every year there are changes in the Income Tax rules of India in the Union Budget. Keeping these changes in mind we come up with our Income Tax Calculator India every year. The latest budget was presented in February 2020 and made the following changes. Income Tax Changes in Union Budget 2020 The biggest change […]
California wants judge to classify Uber, Lyft drivers as employees
California plans to ask a state court judge to force Uber and Lyft Inc to classify their ride-hail drivers as employees rather than contractors, ratcheting up the tension over a new gig worker law. Shares of both companies fell nearly 8%. A hearing for the matter was set for Aug. 6. The fight is one […]
Wired broadband services gain if govt cuts licence fee
Illustration: Rahul Awasthi The government is set to approve a proposal to slash the licence fee on wired broadband services to a token Re 1 per year per circle, said people familiar with the matter. Such a move would cut home broadband costs and drive operators such as Reliance Jio Infocomm, Bharti Airtel, Vodafone Idea […]
Cyber attacks in India surge since lockdown
Cyber security attacks and breaches in the country may have jumped by as much as 500% since the lockdown was first announced in March, according to security experts. Internet service providers ET spoke with said they receive cyberattack alerts from corporate clients almost every alternate day compared with an average of once a week before […]
E-commerce companies seek time to comply with labelling rule
(Representative image) India’s top internet commerce companies, including Flipkart and Amazon, have sought time from the Centre to ensure that all products sold on their platforms display the ‘country of origin’ label, multiple people aware of the discussions told ET. At a virtual meeting with the Department for Promotion of Industry and Internal Trade (DPIIT) […]