Lingfield College Business

With New Tariffs, Trump Hikes Taxes on American Small Business Owners — Again 149 COMMENTS LEA ESTO EN ESPAÑOL 05/10/2019 Ryan McMaken Since I don't exactly live in the world's most crime-free neighborhood, I recently had to replace my house's 30-year old steel doors. They weren't cheap, but as I spoke with the salesman, he noted I had lucked out because their prices would be going up significantly in the near future due to new steel tariffs. The company was unsure how just much this would impact sales and staff, but higher prices would naturally have a negative impact on revenue and hiring. This, of course, is the expected result of a tax increase on American businesses — which is all the Trump tariffs are. Now, thanks to the President — and the Congress  which ceded its taxing authority  to the White House —  the tax burden on all Americans is going up even more . Due to Trump's insistence that taxes go up as part of his so-called ...

BHS stores threatened with closure as troubled retailer seeks rent cuts BHS is battling landlords to reduce its rent costs Credit: ALAMY Christopher Williams , Chief Business Correspondent 3 March 2016   B HS has appealed to creditors for permission to enter a form of insolvency that could lead to the closure of dozens of stores and loss of hundreds of jobs, as the High Street stalwart fights for survival. The retailer has submitted proposals to the High Court for a Company Voluntary Agreement (CVA) in an attempt to drive down rent costs for 87 of its 164 stores. Preparations for the proposals, made by BHS on advice from KPMG, were revealed by The Telegraph last month . BHS said that under a CVA it would seek “substantial” rent reductions at 40 stores that will otherwise be closed after a minimum period of 10 months. KPMG said the retailer will pay 25pc of the rent due on the stores. The retailer’s attempts to negotiate cuts with institut...