| Analysis: UK business falls out of love with Labour
The cost of taper relief had risen 10-fold in four years to more than £6bn, far more than the Treasury had anticipated. The relief had also become an issue in a UK debate over the growth of private equity, whose executives paid capital gains tax on their profit share. This meant their effective tax rate was often lower than their cleaner's, as one executive put it. Mr Darling proposed a single rate of 18 per cent on all assets, whether businesses built up by entrepreneurs, the second homes of well-off individuals, the property empires of the new generation of buy-to-let investors or the profit shares of private equity bosses. As a result, entrepreneurs who had risked everything to build up a business would see the tax rate almost double when they sold it. The tax rate would fall by more than half for many people who had made less risky investments such as housing.
Avril beats out JT at EMAs; Spears sued by former manager; Lohan doesn ...
Da Brat was reportedly involved in a serious physical altercation early Thursday morning at Jermaine Dupri's Atlanta nightclub, Studio 72. According to WSB-TV in Atlanta, police arrested Da Brat (real name: Shawntae Harris) on felony aggravated-assault charges after she got into a heated confrontation with a waitress. Da Brat is said to have struck the waitress in the face with a bottle of rum, causing cuts on her face. The waitress was taken to a local hospital for treatment; Da Brat is being held at DeKalb County jail, according to WSB. Spokespeople for Da Brat and her longtime mentor Dupri had not responded to MTV News' requests for comment at press time. ... Jonathan Davis fans will be in for a surprise when they check out the Korn frontman's upcoming solo tour: He'll already have a concert CD/DVD package available for purchase, if everything goes according to plan.
Grand-Am-Daytona 24-Hour Results
Richard Westbrook; GT; TRG; Porsche GT3 Cup; 657. 11. (67) Emanuel Collard, Romain Dumas, Tim George Jr., Spencer Pumpelly, Bryan Sellers; GT; TRG; Porsche GT3 Cup; 657. 12. (64) Jim Lowe, Jim Pace, Tim Sugden, RJ Valentine, Johannes van Overbeek; GT; TRG; Porsche GT3 Cup; 656. 13. (69) Emil Assentato, Nick Longhi, Lonnie Pechnik, Jeff Segal; GT; SpeedSource; Mazda RX-8; 653. 14. (6) AJ Allmendinger, Burt Frisselle, Ian James, John Pew; DP; Michael Shank Racing; Ford Riley; 652. 15. (09) Marc-Antoine Camirand, Guy Cosmo, Michael McDowell; DP; Spirit of Daytona Racing; Porsche FABCAR; 652. 16. (80) Lance Arnold, Damien Faulkner, Mark Greenberg, Jan Heylen; GT; Synergy Racing; Porsche GT3 Cup; 651. 17.
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