Incentives have become so complex and volatile that they no longer motivate executives, according to research conducted by PwC, London School of Economics and Political Science. The research revealed that many features of current pay packages mean that the value executives place on them is materially lower than the cost...
Investment funds win case against discriminatory French withholding tax The European Court of Justice (ECJ) has ruled that foreign investment funds that invest in French companies should not be liable to pay a discriminatory withholding tax on dividends. Prior to today’s judgment, under French corporate tax law, France levied a...
Commenting on today’s decision by the Bank of England’s Monetary Policy Committee to keep the base rate on hold at 0.5%, Mike Robinson, senior partner at PwC’s Milton Keynes, says: “This is a predictable decision, particularly bearing in mind that the Office for National Statistics has only recently confirmed that...
Despite facing continuing economic uncertainty and difficult debt markets, private equity (PE) backed companies remain focused on growth and expect to increase both turnover and profitability in 2012. Eight out of ten expect to grow turnover and almost three quarters anticipate EBITDA growth, says PwC in a new report. This...
Growth in the BRIC economies lost momentum in the second half of 2011 and is expected to slow further this year but Milton Keynes companies should not be put off from exporting to these growing markets, says PwC. According to recent PwC economic reports, the slowdown in growth in the...
A public borrowing undershoot of around £7 billion in the current financial year has been projected by PwC’s latest UK Economic Outlook, published today (8th March 2012). According to economic experts at the firm, this undershoot in public borrowing allows the Chancellor some room for manoeuvre in his forthcoming Budget...
Private businesses from across Milton Keynes and the South Midlands are being urged to secure formal recognition of their achievements through a national awards scheme. Sponsored by PwC and HSBC, the Private Business Awards have been established to celebrate the most successful companies and individuals operating in the private sector....
Funding expansion and managing cash flow are among the biggest challenges facing businesses in Milton Keynes and the South Midlands, according to a survey of local business advisers by PwC. Just over half of respondents (51%) believe funding expansion represents the biggest challenge to local businesses, while 41% view managing...
The High Street has enjoyed a better-than-expected sales period over the festive season, largely due to some hefty discounting, but the true cost of Christmas will not be known until retailers report on profits later this year, according to retail experts at PwC. Following some positive trading reports from a...
Radical changes to the way employers and HMRC handle payslip data, due to take place next year, could pose problems for local employers, according to tax experts at PwC in Milton Keynes. From October 2013, all employers must use the new system, which will see payslip data on tax, NIC...
