Breaking News
While Big Business Avoids Paying Tax, Government “Doggedly Pursuing Smaller Guys Instead”
Ed Molyneux, CEO and co-founder of FreeAgent said:
“Raising National Insurance contributions could have been potentially devastating for the UK’s freelancers and contractors, so I’m delighted to see that this plan has now been scrapped. These types of businesses are the backbone of the UK economy and need to be supported – not viewed as an easy target by the government.”
“It is very unfair to position freelancers and contractors as not being on a level playing field with those who are employed. These business owners have none of the employment rights or the security that employed workers do and there must be some recognition for that, unless the government wants to cripple this very important and growing part of the UK economy.”
“However, it’s disappointing to see that there has been no similar U-turn over the other contentious issue in the Budget: the decision to cut the dividend allowance. This has the potential to be equally damaging to the economy as it will not only be a disincentive for business owners to invest and grow, but it will also disproportionately affect Britain’s smallest businesses.”
“When there are many well-publicised cases of big businesses avoiding paying their fair share of tax in the UK it seems very unfair for the government to be doggedly pursuing the smaller guys instead.”
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WorkFusion, a pioneer in AI agents for financial crime compliance (FCC), today announced it raised $45 million in funding.
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How could AI agents search, compare and pay for things? What makes stablecoins a game-changer for cross-border digital commerce? Why are local Alternative Payment Methods (APMs) crucial for any business wanting to enter and scale in emerging markets?
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United Gulf Financial Services Joins The Hashgraph Association and Exponential Science Foundation Adding $1M to Hedera Africa Hackathon Pool Prize
United Gulf Financial Services (UGFS North Africa), a leading venture capital firm offering innovative companies and startups with financial support and mentoring services, has announced a partnership with The Hashgraph Association, a Swiss non-profit organization driving global adoption of Hedera-powered solutions by funding innovation, training, certification, and venture building programs, and Exponential Science Foundation, a not-for-profit foundation accelerating responsible tech adoption, via research, education, and innovation activities, for Hedera Africa Hackathon 2025, the biggest hackathon in Africa aimed at enabling the next generation of Web developers and empower economic inclusion in Africa with a digital future for all.
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