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ADVERTISEMENT ADVERTISEMENT Directors Blame HMRC Rule Change In £3.9M Liquidation Suit Law360, London (March 11, 2021, 7:13 PM GMT) The directors of a liquidated financial services company have argued they shouldn t be on the hook for following the government s advice on steering clear of tax avoidance schemes, fighting a litigation funder s lawsuit seeking to claw back £3.9 million ($5.4 million) from the executives. The three former directors and shareholders of Flemmings Financial Services Ltd. said in a recently public defense filed with the High Court on Feb. 24 that they spoke with tax advisers before putting millions into what the U.K. s tax authority has since called disguised remuneration schemes. ....
Covid-19 impact: Lack of bulk demand pounds spices December 18, 2020 Prices of key spice commodities fell in the range of 8% to 56% this year The year 2020 has turned out to be a bad one for spices. The price data of top four exchanged-traded spices including cumin seed (jeera), coriander (dhaniya), turmeric and cardamom indicate a sharp fall in the range 8 per cent to as high as 56 per cent during the year making the complex the worst performing agri-commodity segment this year. Data revealcardamom futures suffered the steepest fall at 56 per cent, followed by coriander and jeera at 16 per cent and 15 per cent, respectively, while turmeric futures fell by about 8.5 per cent during the year. ....