Re: Rockstars...
Brian Cox too?
1456 publicly visible posts • joined 4 Apr 2008
I am slightly amazed that "CEO Michael Colglazier told analysts that next time Virgin Galactic would keep the FAA informed ".
Surely that is step 1 in flight planning these jaunts?
Let's hope the Agile/disruptive mantra "Move quickly and break things" doesn't apply literally to space tourism
If I am (registered) self-employed then I can claim business expenses/capital allowances as per HMRC rules. I am then taxed on the profit remaining (and pay NI Class IV too etc. depending on various limits)
In this case I am similar to a Ltd. Co (of whatever size) if not subject to IR35
As a person (PAYE), your mortgage etc. isn't a business expense (ignoring the minor WFH allowances), and your salary isn't revenue.
Tax on revenue is a daft idea....
You are ignoring direct and indirect costs here which vary hugely from industry to industry.
Existing tax laws should be sufficient, with enforcement and controls over unjustifiable intra-company charges/management fees magically aimed at moving taxable profits to the cheapest tax destination
This isn't entirely dissimilar to the world described by Asimov in his short story "It's Such a Beautiful Day" that I remember reading some 40 years ago.
I don't know who has asked for Metaverse - I am in my early 50s, I work in technology and I am a regular El Reg commentard but I hate the use cases that he has set out. I appreciate that I am outside the target demographic (except maybe as one of the parents/grandparents that users are avoiding visiting in person!!)
My Oculus Rift has been in its box for over a year (and since getting it maybe 4 years ago I have used it maybe 10 times), and when there is a requirement for a FaceBook account to use it, it will go on to Ebay (if not sooner).
It would be interesting also to see what opotometrists think of the effect of such increased close-up screen use on the user population. It might be that we don't die out from a poorly-sanitised telephone, but from myopia from VR use (which may or may not include the Adult sites....)
What Zuckerberg doesn't mention is how those unable to use/afford the technology will be able to participate in the dystopia he has wanked out. I'd be interested to get ShadowSystems' views on this...
(Although maybe he doesn't care since they aren't a demographic that his advertisers care about either?)
In Jan 2020:
The maximum civil penalty amount has increased from $42,530 to $43,280 for violations of Sections 5(l), 5(m)(1)(A), and 5(m)(1)(B) of the FTC Act, 7A(g)(l) of the Clayton Act and Section 525(b) of the Energy Policy and Conservation Act.
(https://www.ftc.gov/news-events/press-releases/2020/01/ftc-publishes-inflation-adjusted-civil-penalty-amounts)
That's a $750 increase in 2020, so the 2021 increase to $43,792 -is $512.
There are no nice round % increases I can see, so it looks a little arbitrary!
Clearly the competition will abruptly switch from "lowest corporate tax rate" to "most relaxed accounting standards". It's not hard to see how that will work.
Not really, by and large, corporates (particularly publicly quoted ones), must adhere to IFRS and can't pick and choose Accounting regimes.
If they need McKinsey to help them create a "compelling business case", then isn't that akin to saying "Cloud/Hybrid Cloud is the answer, now what's the question?"
I'm not saying it isn't an answer, but if they don't have a compelling business case in mind already then surely all McKinsey will do is create a compelling business case for the Cabinet Office to blow £3m with McKinsey over 8 weeks.....?