Business Diary: Laffer takes Buffett to task

Warren Buffett's complaint that he (and lots of other wealthy individuals) don't pay enough tax has prompted some withering attacks from those who do not share his views.

Even Arthur Laffer – he of the "Laffer curve", which predicts tax revenues will fall if rates rise too high – is having a go. Buffett is a "hypocrite", says Laffer, because as most of his money is tied up in theoretical capital gains, he wouldn't pay more tax under his own proposals. "It's never seen a tax, and when he gives [the investments] to the Bill and Melinda Gates Foundation, it never will," Laffer says. "This is ridiculous."



Geithner turns 50 on the wrong day

Happy birthday Mr Treasury Secretary, happy birthday to you. Yes indeed: many belated happy returns to Tim Geithner, who, we learn, turned 50 on Thursday. And what better way to spend your birthday than watching stock markets around the world turn red because your failure to get on top of economic policy is deemed likely to prompt a disastrous double dip?



Hat-trick of horror for Lord Sugar

It really has not been Lord Sugar's week: first the tabloids pictured unflattering pictures of him on holiday in Monaco, then he saw the bank shares he bought – seemingly at the bottom of the market – take yet another nasty tumble, and finally a third disaster occurred. While trying to watch his beloved Tottenham wallop Hearts on Thursday evening, the satellite dish on Lord Sugar's yacht went awry, depriving the great man of pictures of Spurs' triumph.



Debrett's gets sniffy about email

Our thanks to Debrett's, the experts on all-things etiquette-related, for an extensive guide to the use of email. It has a string of tips for not upsetting the recipients of your electronic missives, but one can't helpfeeling Debrett's heart isn't really in this modern style of communications. "Aim to stick as closely as possible to the conventions of traditional letter-writing," it advises, adding: "There is no replacement for paper and ink; in this day and age where propriety is so often sacrificed for the sake of immediacy, the truly sophisticated correspondent will put pen to paper rather than dashing off a quick email."

businessdiary@independent.co.uk

Start your day with The Independent, sign up for daily news emails
ebooks
ebooksAn introduction to the ground rules of British democracy
Latest stories from i100
Have you tried new the Independent Digital Edition apps?
Independent Dating
and  

By clicking 'Search' you
are agreeing to our
Terms of Use.

iJobs Job Widget
iJobs Money & Business

Recruitment Genius: Sales Assistant / Buyer

£15000 - £17000 per annum: Recruitment Genius: This company offers a range of ...

Recruitment Genius: Customer Service Advisor

£15000 - £16000 per annum: Recruitment Genius: Customer Service Advisors are r...

SThree: Trainee Recruitment Consultant

£20000 - £25000 per annum + OTE £45K: SThree: SThree were established in 1986....

Recruitment Genius: Compliance Manager

£40000 - £60000 per annum: Recruitment Genius: A Compliance Manager is require...

Day In a Page

Is this the future of flying: battery-powered planes made of plastic, and without flight decks?

Is this the future of flying?

Battery-powered planes made of plastic, and without flight decks
Isis are barbarians – but the Caliphate is a dream at the heart of all Muslim traditions

Isis are barbarians

but the Caliphate is an ancient Muslim ideal
The Brink's-Mat curse strikes again: three tons of stolen gold that brought only grief

Curse of Brink's Mat strikes again

Death of John 'Goldfinger' Palmer the latest killing related to 1983 heist
Greece debt crisis: 'The ministers talk to us about miracles' – why Greeks are cynical ahead of the bailout referendum

'The ministers talk to us about miracles'

Why Greeks are cynical ahead of the bailout referendum
Call of the wild: How science is learning to decode the way animals communicate

Call of the wild

How science is learning to decode the way animals communicate
Greece debt crisis: What happened to democracy when it’s a case of 'Vote Yes or else'?

'The economic collapse has happened. What is at risk now is democracy...'

If it doesn’t work in Europe, how is it supposed to work in India or the Middle East, asks Robert Fisk
The science of swearing: What lies behind the use of four-letter words?

The science of swearing

What lies behind the use of four-letter words?
The Real Stories of Migrant Britain: Clive fled from Zimbabwe - now it won't have him back

The Real Stories of Migrant Britain

Clive fled from Zimbabwe - now it won’t have him back
Africa on the menu: Three foodie friends want to popularise dishes from the continent

Africa on the menu

Three foodie friends want to popularise dishes from the hot new continent
Donna Karan is stepping down after 30 years - so who will fill the DKNY creator's boots?

Who will fill Donna Karan's boots?

The designer is stepping down as Chief Designer of DKNY after 30 years. Alexander Fury looks back at the career of 'America's Chanel'
10 best statement lightbulbs

10 best statement lightbulbs

Dare to bare with some out-of-the-ordinary illumination
Wimbledon 2015: Heather Watson - 'I had Serena's poster on my wall – now I'm playing her'

Heather Watson: 'I had Serena's poster on my wall – now I'm playing her'

Briton pumped up for dream meeting with world No 1
Wimbledon 2015: Nick Bollettieri - It's time for big John Isner to produce the goods to go with his thumping serve

Nick Bollettieri's Wimbledon Files

It's time for big John Isner to produce the goods to go with his thumping serve
Dustin Brown: Who is the tennis player who knocked Rafael Nadal out of Wimbeldon 2015?

Dustin Brown

Who is the German player that knocked Nadal out of Wimbeldon 2015?
Ashes 2015: Damien Martyn - 'England are fired up again, just like in 2005...'

Damien Martyn: 'England are fired up again, just like in 2005...'

Australian veteran of that Ashes series, believes the hosts' may become unstoppable if they win the first Test