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Last-minute tax break bill likely won't pass in Congress

Last-minute tax break bill likely won't pass in Congress

Finance
If you were planning on nabbing a deduction for your mortgage insurance or your college expenses, prepare to sit tight. That's because these and other breaks that are known as the "tax extenders" are bundled into newly proposed legislation that's likely going nowhere fast, according to policy experts. The House Ways and Means Committee proposed a package of tax provisions on Monday, known as the Retirement, Savings and Other Tax Relief Act of 2018 and the Taxpayer First Act of 2018. In addition to renewing the "tax extenders" for the 2018 tax year, Wa...
BBC's Bill Turnbull breaks down incurable cancer diagnosis in heartbreaking TV return

BBC's Bill Turnbull breaks down incurable cancer diagnosis in heartbreaking TV return

Entertainment
The BBC Breakfast presenter, who left the show in 2016 after a 15-year stint, was diagnosed with incurable prostate cancer in November 2017.Bill Turnbull, 62, went public with the news in March this year, and has since kept the public updated on his progress.Last night, the celebrated journalist appeared on Channel 4's Stand Up to Cancer, where he discussed his ill health in a pre-recorded segment.Talking to the camera, Bill revisited his diagnosis, revealing the devastating effect it had on himself and his family. Related Articles The TV presenter — who has three children with his wife — said: "I have been married for almost 30 years, and that I consider to be the best thing I have ever done."After visiting the doctor due to experiencing pains in h...
Your child could be running up your credit card bill. You can fix that

Your child could be running up your credit card bill. You can fix that

Finance
If you have children, you may let them play with your tablet or smart phone. But letting them do so could cost you. A new survey from CompareCards found that 29 percent of parents have had their children under age 18 use their credit or debit cards without their permission. Those purchases could be prompted by a seemingly innocent activity: your child's activity on a mobile device. If they click and enter a password, a new app, video game or other feature is theirs — but the bill is all yours. "A lot of parents can get in trouble because their k...
Facebook faces backlash over £7.4m UK tax bill

Facebook faces backlash over £7.4m UK tax bill

Technology
The chancellor is under growing pressure to impose tougher taxes on multinational firms following the publication of Facebook's latest UK accounts. Documents released on Monday showed the company paid a net £7.4m in corporation tax last year after an £8.4m credit for staff share awards cut the total from £15.8m.Facebook had booked a 7.5% increase in pre-tax profits to £62.8m on revenues of almost £1.3bn - up almost a third on 2016.It pointed to damage to profitability from a £759m cost of sales and £444m in "administrative expenses" that were not explained.Facebook - like other US-based international companies - point out that taxes paid are within the legal frameworks of the nations in which they operate.There have been multilateral effor...
Facebook's UK tax bill jumps as profits rise

Facebook's UK tax bill jumps as profits rise

Technology
Facebook's UK tax bill has tripled to £15.8m - but the social media giant will see an immediate cut because of a tax credit.The final bill comes to £7.4m, since Facebook will see tax relief of £8.4m after awarding shares to employees.In 2016, Facebook's tax bill rose to £5.1m, following a major overhaul of the social media firm's tax structure.However, the company's profits only climbed by £4m year-on-year from £58.4m to £62.7m in 2017. The company's UK office provides marketing services and sales and engineering support to the company. Facebook's revenue rose by a third year-on-year to £1.2bn in 2017, because of increased revenues from inter-company and advertising reseller services in 2017."We have changed...