The plan to shave down the number of service providers was described as a bid to make Cardiff's care system more efficient and council officials said the move was not stimulated by a need to make savings, although they hope to make £1.5m in savings from the changes.
The savings from the changes should add back about $1 billion, for a net reduction in earnings of $2.8 billion over the next few quarters, Mr. Thompson said.
The company, which has $50 million in sales and 225 employees, will also reap tax savings from the changes in depreciation and research policies.
Sadly, that is exactly what it has done with the savings from the changes to vitamin D tests, as indeed it has been the case with every one of its cuts to health.
While rates for all American taxpayers have fallen to near 50-year lows, the wealthy have reaped the most savings from the changes because they derive a larger proportion of their income from investments.
If the CO2 savings from the changes are also taken into account, the economic feasibility of the changes increases.
Like other top rate tax-payers he could off-set some of the liability through pension and charitable contributions, but he is still likely to have made a substantial tax saving on the changes – possibly as much as £10,000 a year.
(Total Treasury savings from the change are wrapped into the working age benefits freeze assumptions, above).
A fiscal analyst for the Assembly said that since the savings from the change would be included in the governor's budget, "we could try to get the amount of state appropriations bumped up or we could try and address it through budget negotiations".
Furthermore, sensitivity of savings concerning the change of the transition rate of IGT, which increased 200% and decreased 50%, was also reported.
