What the Sunday papers said
Monday 19 December 2011
The Sunday Times: RBS to offload Hoare Govett as new cuts bite
Thousands of jobs could be put at risk as taxpayer-backed Royal Bank of Scotland examines plans to sell or close its stockbroking arm Hoare Govett. The proposal was discussed by the Bank's board last Wednesday, because of the dismal market conditions, new capital requirements and the reforms proposed by the Independent Commission on Banking.
The Independent on Sunday: Exxon woos GKP to boost Kurdish base
US oil supermajor Exxon Mobile has sounded out London-listed Gulf Keystone Petroleum over a possible deal that could value the Kurdistan-focused group at around £7bn. GKP is sitting on what is considered to be one of the world's great recent oil finds, Shaikan, about 50 miles north-west of the capital, Erbil. The regional government is seeking a supermajor on board to properly fund and develop the field.
The Mail on Sunday: Tax raid on small firm retirement nest eggs
Family-owned small firms are to be stripped of a longstanding concession which has allowed them to pay capital gains tax rather than income tax on the proceeds of the sale of a business. Capital gains tax is charged at 18-28 per cent while income tax ranges from 40-50 per cent. More than 300,000 small businesses could be affected by the change, which is due to come into force next March.
The Sunday Telegraph: Inquiry launched into HMRC tax deals with Goldman and Vodafone
The National Audit Office is poised to investigate corporate tax deals agreed by HM Revenue & Customs that are alleged to have cut companies' bills by billions of pounds. Its investigation will follow this week's highly critical report from the Public Accounts Committee into agreements struck between HMRC and companies.
- 1 Saudi Arabia mosque bombing: Two volunteer security guards hailed as heroes for stopping Isis suicide bomber reaching worshippers
- 2 Maisie Williams has an excellent message for one confused fan
- 3 Puerto Rico, island of lost dreams: People are leaving the debt-hit territory in droves as near neighbour Cuba's star rises
- 4 Tampon tax scrapped in Canada after petition convinces conservative government
- 5 Kate Moss on the naked Calvin Klein shoot and the obsession that ended her relationship
Saudi Arabia mosque bombing: Two volunteer security guards hailed as heroes for stopping Isis suicide bomber reaching worshippers
Maisie Williams has an excellent message for one confused fan
Archaeologists discover 2,400-year-old gold bongs in Russia
Tampon tax scrapped in Canada after petition convinces conservative government
Migrants in Kos: Photos show real tragedy after British tourists complain of 'awkward' holidays
EU referendum: David Cameron's rules are a 'democratic disgrace', says French-born Scottish politician set to be denied a vote
British tourists complain that impoverished boat migrants are making holidays 'awkward' in Kos
A nation of inequality: How the UK is failing to feed its most vulnerable people
Australian man punched in the face for defending Muslim women from abuse on train
David Starkey 'tells Amal Clooney to shut up and stop over-promoting human rights'
EU referendum: David Cameron to deny EU migrants and under-18s the chance to vote
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