Finance

R&D tax reform – What does it mean for my business?

R&D tax reform – What does it mean for my business?

Following the Chancellor’s Autumn Budget announcements on R&D reform, we now have more detail on the proposals.

In summary from 1 April 2023:

Non-UK Costs
R&D qualifying expenditure will be refocused on domestic expenditure through the prohibition of:

  • Overseas subcontractor costs, (including contributions for independent R&D of an overseas qualifying body; and
  • Overseas externally provided workers.

Data and Cloud Computing
The qualifying cost...

https://allaboutshipping.co.uk/2021/12/12/rd-tax-reform-what-does-it-mean-for-my-business/

CBDC debate in Europe foundering on endemic complexity, ECB should follow Fed and tighten policy, and more

CBDC debate in Europe foundering on endemic complexity, ECB should follow Fed and tighten policy, and more

THE WEEKEND REVIEW Latest opinion and analysis from OMFIF around the world6-10 December 2021, Vol.12 Ed.49

Most-Read Commentary

CBDC debate in Europe foundering on endemic complexity: 

European policy-makers have more clarity on the need for retail central bank digital currency than wholesale, but remain cautious about moving too quickly on either. Discussions on CBDC for consumers have...

https://allaboutshipping.co.uk/2021/12/11/cbdc-debate-in-europe-foundering-on-endemic-complexity-ecb-should-follow-fed-and-tighten-policy-and-more/

Jacobs sells 20% of XPO, GXO holdings; shares fall sharply

Shares of transport company XPO Logistics Inc. and logistics firm GXO Logistics Inc., which XPO spun off in August into a publicly traded entity, fell sharply on Friday after public filings the day before disclosed that Brad Jacobs, XPO’s founder and the chair of both companies, sold 3.2 million shares in each.

The sales account for about 20% of Jacobs’ holdings in each company. He still owns around 12.3 million shares of each, according to Securities and Exchange Commission filings. This...

https://www.freightwaves.com/news/jacobs-sells-20-of-xpo-gxo-holdings-shares-fall-sharply

Nuvocargo raises $20.5M to boost trade between US and Mexico

Cross-border startup Nuvocargo announced Friday that it has raised $20.5 million in a funding round led by Tiger Global Management.

Deepak Chhugani, Nuvocargo’s founder and CEO, said the company didn’t need the capital since it still had most of the $12 million it raised in a series A round in April.

“Tiger showed real conviction and moved fast with their term sheet even though we were not raising,” Chhugani said in a statement. “We deeply respect their approach to investing and it was a great...

https://www.freightwaves.com/news/nuvocargo-raises-205m-to-boost-trade-between-us-and-mexico

Meet the Investor: Ben Gordon inspired by scrappy underdogs and curious billionaires

FreightWaves’ Meet the Investor series delves into the stories behind the industry’s biggest investments, the individuals who manage them and the lessons they learned along the way.

Ben Gordon, the founder and managing partner of Cambridge Capital, has spent his career investing in and advising supply chain companies, ranging from some of the largest global logistics providers to e-commerce startups.

While his younger self was passionate about civic leadership, he realized the impact that...

https://www.freightwaves.com/news/meet-the-investor-ben-gordon-inspired-by-scrappy-underdogs-and-curious-billionaires

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.