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Osborne stopped claiming any second home expenses in 2010, when a new allowances regime was introduced in the wake of the expenses scandal.
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A Conservative government would take family homes out of inheritance tax by introducing a new allowance effectively increasing the threshold to £1m, David Cameron has announced.
This tax-induced bias can make businesses including banks brittle and unable to withstand shocks.To offset the problem, Labour is considering a new "Allowance for Corporate Equity" (ACE) to mimic the tax break on debt.
George Osborne said he would cut a "supplementary charge" rate from 32%to30%0%, extend other breaks from six to 10 years and provide a new allowance targeted on certain areas, at a time of increasing redundancies in Aberdeen.
Barclays is in discussions with its shareholders about ways to avoid an EU cap on bonuses being introduced by the EU at the start of next year by introducing a new allowance for its highest paid staff.
Tribal leaders must be prevented from hijacking their communities.Josef Bucher Former Swiss ambassador Ittigen, SwitzerlandLabour's business tax* SIR – The Labour Party's recent plans for business taxation included a new "Allowance for Corporate Equity" which would ameliorate Britain's substantial debt finance bias ("Uprated", July 5th).
While trimming the workforce in the high street bank, Barclays is in discussions with its shareholders about ways to get around the looming EU cap on bonuses for its investment bank staff by introducing a new "allowance" for its highest paid staff.
In March 2012, the Chancellor announced an increase in the small field allowance, and introduced a new allowance for large deep-water developments targeting West of Shetland.
Oil & Gas UK welcomed some measures announced by Chancellor George Osborne in Wednesday's Budget, including a consultation on a new allowance to encourage investment in ultra-high pressure high temperature oil and gas field clusters.
This makes it a good time to review your retirement planning, savings and investments with a host of new allowances on offer.
Hong Kong is making a move to challenge Singapore and others as the dominant location for fintech in Asia after the Hong Kong Monetary Authority (HKMA) unveiled a hub and new allowances to spur innovation.
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