a man standing in front of a building: GLASGOW, SCOTLAND - AUGUST 07: Britain's Chancellor of the Exchequer Rishi Sunak visits Peak Scientific, a Scottish manufacturer of gas generators for analytical laboratories on August 7, 2020 in Glasgow, Scotland. (Photo by Andy Buchanan - WPA Pool/Getty Images)


GLASGOW, SCOTLAND – AUGUST 07: Britain’s Chancellor of the Exchequer Rishi Sunak visits Peak Scientific, a Scottish manufacturer of gas generators for analytical laboratories on August 7, 2020 in Glasgow, Scotland. (Photo by Andy Buchanan – WPA Pool/Getty Images)

Tax hikes in a number of areas are being considered by the Treasury to deal with the cost of the coronavirus, reports have emerged this morning.

Up to £20bn ($26.7bn) could be raised by upping capital gains and corporation tax, changes that could come into effect as soon as the November budget, according to the Sunday Times.

Other proposals have included a revamp of inheritance tax and an introduction of a digital sales tax, according to the paper.

The report suggested that chancellor Rishi Sunak could take aim at pensions, businesses, the wealthy and foreign aid.

The aid budget has already been cut by £2.9bn from £15.8bn this year.

Sunak is

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Namely, Biden, the presumptive nominee, needs Democrats to retake control of the Senate to have any hope of advancing his tax plan. He has presented it as the means to fund the rest of a historically ambitious agenda with the price tag to match.

“In an increasingly polarized political environment, winning that House-Senate-White House trifecta means everything. It’s how Democrats passed the 2010 health-care law without a Republican vote. It’s how Republicans passed the 2017 tax cuts without a Democratic vote,” the Wall Street Journal’s Richard Rubin writes. “On the other hand, a Biden victory where Democrats fall short of a Senate majority would leave Majority Leader Mitch McConnell (R., Ky.) deciding which bills get a vote.”

But it’s not just the makeup of the Senate that could constrain Biden’s vision. The course of the pandemic could tie Biden’s hands, too. If he takes office amid a spike in

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a person standing in front of a mirror posing for the camera: Man wearing a face mask following the coronavirus disease (COVID-19) outbreak is seen at a counter displaying drones and other products at DJI's flagship store in Shenzhen


© Reuters/DAVID KIRTON
Man wearing a face mask following the coronavirus disease (COVID-19) outbreak is seen at a counter displaying drones and other products at DJI’s flagship store in Shenzhen

By David Kirton

SHENZHEN, China (Reuters) – Chinese drone giant SZ DJI Technology Co Ltd has been making sweeping cuts to its global sales and marketing teams as it faces coronavirus headwinds and mounting political pressure in key markets, current and former staff told Reuters.



a group of people standing in a room: People wearing face masks following the coronavirus disease (COVID-19) outbreak shop at a DJI's flagship store in Shenzhen


© Reuters/DAVID KIRTON
People wearing face masks following the coronavirus disease (COVID-19) outbreak shop at a DJI’s flagship store in Shenzhen

The world’s biggest drone maker has slashed its corporate sales and marketing team from 180 to 60 at its Shenzhen headquarters in recent months, with similar cuts on the consumer side, according to people with knowledge of the matter.



a group of people standing in front of a building: People wearing face masks following the coronavirus disease (COVID-19) outbreak walk past DJI's flagship store in Shenzhen


© Reuters/DAVID KIRTON
People wearing face masks following the coronavirus disease (COVID-19) outbreak walk past

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