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NatWest Group has become the latest high street bank to report lower profits, after earnings soared in 2023 on the back of higher interest rates. The group revealed an operating pre-tax profit of £1.3bn over the first three months of the year, down from £1.8bn the previous year.
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ClimateEconomics
⏲ 15 minutes 12 seconds 👁 277
We Grow People
⏲ 5 minutes 32 seconds 👁 89.1K
The IRS issued Revenue Ruling 2023-2, which had a substantial impact on estate planning, particularly where an irrevocable trust is involved. In the last decade or so, more families have begun utilizing irrevocable trusts to protect their assets from spend-down in order to qualify for government benefits, such as Medicaid and VA Aid and Attendance.<br/><br/>Prior to the issuance of this ruling, it was unclear whether assets passing to beneficiaries through an irrevocable trust would receive a step-up in basis, thereby eliminating any capital gains taxes that would otherwise be owed. Historically, assets that are disposed of during an individual’s lifetime are subject to capital gains taxes on the increase in value of that asset over time. The amount of capital gains owed is determined largely by the difference between the value at the time of purchase and the value at the time of transfer.
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Shawn Ryan Show
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The Explained Channel
⏲ 3 minutes 46 seconds 👁 44K
We ask the people of London how they’d feel if alcohol prices went up in order to tackle consumption.
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EU tax and customs
⏲ 1 minute 10 seconds 👁 96.1K
PragerU
⏲ 5 minutes 👁 8.5M
Homeowners can install solar panels, insulation and a heat pump to reduce their bills - plus there’s no VAT to pay
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explainitychannel
⏲ 2 minutes 43 seconds 👁 10.7K
Principles of Microeconomics
⏲ 14 minutes 52 seconds 👁 19.7K
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