The UK’s super-rich pay half the rate of inheritance tax paid by the merely very rich, according to an analysis of HMRC data that throws fresh focus on how billionaires’ advisers use a “kitbag” of tricks to reduce heirs’ tax bills.
Estates worth £10m or more paid an average of 10% tax to the exchequer in the 2015-16 tax year compared with an average 20% tax paid by estates worth £2m-£3m, according to data released by HMRC following a freedom of information request by asset manager Canada Life.
The law states that estates should pay 40% tax on assets above £325,000 – or above £450,000 if the family home is given to children or grandchildren. But Neil Jones, the market development manager at Canada Life, said the richest of the rich often did not pay anywhere near that rate because they had access to “a myriad of potential solutions in an adviser’s kitbag to help mitigate IHT [inheritance tax]”.
When asked by CNN’s Jake Tapper what she would say to critics who accused her of being “politically motivated” in her decision to speak out about Joe Biden’s inappropriate behavior, former Nevada assemblywoman Lucy Flores said: “I would say politics was definitely the impetus.”
In her response, Flores upended the script that women are expected to follow, one in which they must play defense against cynical, sexist attacks that insist women come forward against powerful men for fame or personal gain. Instead, Flores, a former candidate for Nevada’s lieutenant governor, said she told her story at precisely this moment because Biden is now considering running for president. Addressing his behavior with women should be part of that vetting process. It is, in other words, absolutely political.
The European Parliament approved a massive, sweeping overhaul of online copyright rules on Tuesday, leaving the extremely controversial Articles 11 and 13 untouched on as the EU Copyright Directive cruised through the legislative body. According to a report on TechDirt, they may have done so in part because several members of the European Parliament cast incorrect ballots on a key vote to allow amendments.
Article 11, sometimes called the “link tax” by detractors, requires web platforms to obtain a license to link to or pull quotes from news articles. It is ostensibly intended to ensure that publications get a slice of the revenue that big services like Google News pull in, but critics say it could undermine the ability of users to share content across the web.
Alexandria Ocasio-Cortez, who introduced the bill back in February, faced similar mockery during a Monday hearing of the House Financial Services Committee when Wisconsin Republican Sean Duffy, a Real World alum and all in all terrible shit, called the Green New Deal a policy designed for a “rich liberal.”
“This is not an elitist issue,” she said in a video clip from that hearing that went viral on Tuesday night. “This is a quality of life issue. You want to tell people that their concern and their desire for clean air and clean water is elitist?”
She added, “This is about American lives. And it should not be partisan. Science should not be partisan. We are facing a national crisis.”
Last year, a federal judge in Manhattan ruled that Donald Trump (a man whose unhinged tweeting has ranged from boosting neo-Nazi propaganda and slamming critics to worrying the military about nuclear war) could not block critics on Twitter, finding his feed is a public forum and that blocking his haters amounted to a violation of the First Amendment. Well, he’s still fighting that ruling in the appeals process, with the Justice Department defending the blocks before a three-judge panel in Manhattan federal court on Tuesday.
It doesn’t appear to be going so well for the president’s itchy blocking finger! According to reports in Bloomberg, the Washington Post, and CNN, the three judges in question seemed rather skeptical of the DOJ’s claim that what goes down on @realDonaldTrump is between the president and his Twitter enemies, rather than between the federal government and the U.S. populace. Instead, they seemed amenable to the plaintiffs, users who at one time or another were blocked by Trump, and are being represented in the suit by the Knight First Amendment Institute.
s Pennsylvania made history on Monday, swearing in the first Muslim woman elected to the state House, one Republican lawmaker prayed to Jesus for forgiveness.
State Representative Stephanic Borowicz, a newly-elected state representative who opposes abortion and loves Donald Trump, kicked off the Pennsylvania House session’s opening prayer by asking God to watch over fellow Republican leaders, including the president. “Lord thank you that he stands behind Israel, unequivocally.”
She continued in a 100-second display of pure Islamophobia: “God forgive us. Jesus, we’ve lost sight of you, we’ve forgotten you, God, in our country, and we’re asking you to forgive us.”
There too, Trump campaign advisor Jeff Ballabon found Representative Ilhan Omar. On Monday, Ballabon called Omar “filthy” during a Fox Business interview while accusing the progressive congresswoman of being an anti-Semite due to her criticisms of Israel and its right-wing leader, Benjamin Netanyahu.
This is by now an old smear, told again and again about the Democratic congresswoman from Minnesota, but the most recent iteration of the cycle started last week. The New York Times reports that during an event at a Washington, DC bookstore, Omar, responding to accusations of anti-Semitism, “questioned why it was acceptable for her to speak critically about the political influence of the National Rifle Association, fossil fuel industries, and ‘big pharma,’ but not the American Israel Public Affairs Committee.”
In 2017, two NYPD detectives admitted to having sex with a teen in their custody. The detectives were charged with rape and kidnapping, but on Wednesday, Brooklyn prosecutors dismissed those charges.
According to the New York Daily News, former cops Richard Hall and Eddie Martins now face bribery and official misconduct charges for the September 2017 incident, in which they admitted to having sex with a teen identified as Anna Chambers after arresting her on a minor drug charge in Brooklyn.
Chambers, now 20, alleged the cops raped her, and DNA was found on her. The Brooklyn DA’s office, however, claimed Chambers made a number of “false, misleading and inconsistent statements,” including “false statements under oath,” which may have contributed to the dismissal. And though it is now (at long last) illegal for cops in New York to have sex with people in custody, that law did not exist in 2017. The age of consent in New York is 17.
Jane Doe, a woman who smuggled out clothing with DNA evidence on it after she was raped by a guard at Rikers won her $500,000 settlement in a civil lawsuit against the city in a rare victory on Monday, the Intercept reported.
According to the Intercept, Jose Cosme, the guard who sexually assaulted Jane Doe, cornered her in an office. Jane Doe accused another officer, Leonard McNeil, of arranging the rape after Cosme found out that McNeil had a sexual relationship with Jane Doe (any sexual relationship is considered non-consensual between a guard and a incarcerated person under New York law). McNeil was neither prosecuted nor disciplined.
Using state public-records laws, The Arizona Republic has obtained video from surveillance cameras showing staff at a now-shuttered Southwest Key shelter for migrant children in Arizona physically dragging and pushing children in their care. But authorities determined that the physical aggression used against the children last September does not constitute a crime.
This week, Splinter’s Samantha Grasso reported that the Maricopa County Sheriff’s Office closed three cases of child abuse reported at the Hacienda Del Sol children’s shelter, operated by Southwest Key in Youngtown, Arizona, after only reviewing security camera footage and without interviewing the Southwest Key employees allegedly involved or the minors reported to have been abused.
In the videos obtained by the Republic, incidents that occurred on Sept. 14, 17, and 21 involved shelter staff dragging, pulling, and slapping a young boy, and dragging another child against their will. The videos are blurred to protect the identities of the children.