How much does the royal family take out of the UK Treasury and how much do they contribute to it?
Most members of the royal family are simply independently wealthy private individuals, and a few are businessmen and -women. They take nothing out of the Treasury and they pay taxes into it. The key exception is the Queen and her immediate family. The monarch receives an annual payment called the Sovereign Grant, which is about 15% of all the money earned by a specific set of properties called the Crown Estate. The government keeps the other 85%. The Sovereign Grant is used to pay for the operation of the royal household, staff, expenses, and maintenance of the occupied royal palaces, which is not trivial. It's about £36 million, although it fluctuates depending on the amount of money earned by the Crown Estate. (The actual formula is more complicated than a simple 15/85 split.) The Queen also pays taxes on her own private income from investments and other sources, but I believe this is private information, just as yours and mine is. The Prince of Wales is funded by revenues from the Duchy of Cornwall, as he is also the Duke of Cornwall. The Duchy owns a lot of the land there. Prince Charles has also done a lot to promote economic growth in Cornwall, which is a rather deprived area, and set up a business to sell food produced in Cornwall. He does not receive any money from the Sovereign Grant. I think he also pays taxes, so he puts in but does not take out. Security for members of the royal family is provided by the armed forces and by the Metropolitan Police.
John has $20,000 to invest. As his financial advisor, you recommend the following:?
Let x denote the number of dollars to be invested in Treasury Bills Let y denote the number of dollars to be invested in Treasury Bonds Let y denote the number of dollars to be invested in corporate bonds Then x + y + z = 20000 0.05x + 0.07y + 0.09z = 1280 x = 2z First, I would multiply both sides of the second equation to get rid of the decimals, giving the system x + y + z = 20000 5x + 7y + 9z = 128000 x = 2z Now, using the third equation, substitute 2z for x in the other two equations: 2z + y + z = 20000 y + 3z = 20000 5(2x) + 7y + 9z = 128000 7y + 19z = 128000 Solve the first of the two new equations for y, then substitute that into the second new equation: y = 20000 - 3z 7(20000 - 3z) + 19z = 128000 140000 - 21z + 19z = 128000 140000 - 2z = 128000 -2z = -12000 z = 6000 Then y = 20000 - 3z = 20000 - 3*6000 = 2000 x = 2z = 2*6000 = 12000 So the investments should be $12000 in Treasury Bills $2000 in Treasury Bonds $6000 in corporate bonds
A person invests $5000 in treasury notes and bonds. The notes pay 8% annual interest and the bonds pay 10% ann
Equation One: a + b = 5000 b = 5000-a _____________ Equation Two: .08a + .1b = 480 _____________ Combines Equation One and Equation Two: .08a + .1(5000-a) = 480 .08a + 500 - .1a = 480 .08a - .1a + 500 = 480 -.02a = 480-500 -.02a = -20 a = -20/-.02 a=1,000 The answer should be pretty easy to find from there.
Please help with personal finance?!?
a. Fixed costs b. APR c. Savings d. Budget e. Income Potential f. APY g. Refinancing h. Withdraw i. Cash reserves j. Cost of living 1. Abbreviation of annual percentage rate, the interest rate applied annually to a loan or a credit card balance (1 point) 2. Abbreviation of annual percentage yield, the rate of return earned in the course of one whole year, taking compounding into account, expressed as a percentage (1 point) 3. Cash and other liquid assets such as demand deposits or treasury bills that an individual possesses (1 point) 4. An expense that does not vary from one time period to the next (1 point) 5. To obtain a new loan for something on different terms, often involving the paying off of an existing high–interest loan by means of a new, lower–interest one (1 point) 6. Money set aside for future use (1 point) 7. To take money out of an account (1 point) 8. To plan the allocation, expenditure, or use of money (1 point) 9. The amount of money spent on food, clothing, accomodation, and other basic necessities (1 point) 10. The amount of money that is anticipated to be received over a period of time, either as payment for work, goods, or services, or as profit on capital (1 point)
When expanding a US (Delaware) SaaS company to the UK, What is the best way to structure the company to be tax efficient?
Sure, I can address tax issues here. I am assuming your domestic corporation (“DC”) currently operates its business physically from the US. And, DC plans on opening a physical office in the UK.You have two choices here. DC could open a DC branch in the UK or DC could form a UK corporation (“UKC”) most likely as UK private limited company. SaaS revenue gets sourced for income taxes to where the corporate employees and officers physically work. So, SaaS revenue coming from a US office represents US source income and SaaS revenue coming from a UK office represents UK source income (Section 861(a)(3) and 862(a)(3)).First choice —If you open s DC branch in the UK, DC files a corporate tax return in the UK and pays UK taxes on the income. DC also reports this income on its 1120 corporate tax return. However, DC may claim a tax credit on its return for the UK taxes paid (Section 901(a)). This provision prevents double taxation — paying twice on the same income.Second choice — form UKC with DC owning the UKC stock. UKC then files a UK corporate tax return and pays UK tax on its corporate taxable income. UKC may transfer profits back to DC in the form of dividends. And, the UK does not have a withholding tax on dividends paid out. (Note: a UK law firm will provide legal advice on creating and forming a UK private limited company).For tax purposes, the second choice represents an efficient means for handling the UK operations.Using the second choice, DC does have important annual Treasury information reporting requirements in the US. As DC files a four page report as required by Section 6038. This report applies when a US person (DC) owns 25% or greater of a foreign corporation. We file this report annually as not filing or filing an incomplete report may result in a minimum $10,000 penalty under Section 6038(b)(1)).I have completed the above tax analysis based on the fact assumptions. If the situation changes, the tax results may change considerably. www.rst.tax
How do royalty get paid i.e. the Queen of England, Dukes, Princes?
The Monarchy has sometimes been described as an expensive institution, with Royal finances shrouded in confusion and secrecy. In reality, the Royal Household is committed to ensuring that public money is spent as wisely and efficiently as possible, and to making Royal Finances as transparent and comprehensible as possible. Each year the Royal Household publishes a summary of Head of State expenditure. There are four sources of funding for The Queen, or officials of the Royal Household acting on Her Majesty's behalf, in both a public and private capacity. These are: the Civil List, the Grants-in-Aid for upkeep of Royal Palaces and for Royal travel, the Privy Purse and The Queen's personal wealth and income. Other than The Queen, The Duke of Edinburgh is the only member of the Royal Family to receive an annual parliamentary allowance to enable him to carry out official public duties supporting The Queen. Since 1993, The Queen has repaid to the Treasury the annual parliamentary allowances received by other members of the Royal Family. Most of the allowances received by members of the Royal Family are spent on staff who support their public engagements and correspondence. In 2000 the annual amounts payable to members of the Royal Family (which are set every ten years) were reset at their 1990 levels for the next ten years, until December 2010. Apart from an increase of £45,000 on the occasion of The Earl of Wessex's marriage, these amounts remain as follows: HRH The Duke of Edinburgh £359,000 HRH The Duke of York £249,000 HRH The Earl of Wessex £141,000 HRH The Princess Royal £228,000 TRH The Duke and Duchess of Gloucester, TRH The Duke and Duchess of Kent and HRH Princess Alexandra *£636,000 * Of the £636,000, £175,000 is provided by The Queen to The Duke and Duchess of Gloucester, £236,000 to The Duke and Duchess of Kent and £225,000 to Princess Alexandra. For more royal finances please visit http://www.royal.gov.uk/output/Page1.asp
How much money does the UK give Scotland?
Scotland gives the uk through taxes 52 billion pounds in turn 37 billion is returned to scotland. In turn the uk claims to spend 25 billion on behalf of Scotland (there's a lack of transparency) leaving a fiscal transfer of 8.7 billion (2015/2016 figures) but people point out that scotland has a LOT more defense spent on its behalf due to the uk protection of the GIUK gap and the trident nuclear submarines also due to the way it's calculated scotland spends a little on London crossrail and hs2 at about 8.4% of the cost. obviously it's worth noting that scotland was vital to the uk economy for the twenty years post 1983 since north sea oil was needed to fill the balance of payments problem the uk has due to Margaret thatchers ideological war on manufacturing. Other wise britian would have to significantly de value it's currency weakening the value of uk investments that are key to the city of Londons succsesful growth Furthermore scotland is the third richest region of the uk so any ammount of money given to scotland theyfore will be much lower than all save London and the south east.
Does the Queen of the UK receive a salary?
Yes she does. She is paid an annual sum from the treasury. This used to be known as The Civil List but the Sovereign Grant Act 2011 changed the arrangement. As of 2011 she now receives a sovereign grant, which is calculated at 15% of the revenue from the Crown Estates. This was originally 31 million pounds in 2012 but has increased to just under 43 million pounds.It’s important to stress that the Crown Estate revenue is only used as a means of calculating the amount she is paid. The Revenue from the Crown Estates doesn’t belong to the monarch, it was signed away 300 years ago by King George III. The revenue from the Crown Estates belongs to the treasury and has for centuries. It’s not true to say that the Queen effectively pays 85% tax or that she’s paid from the Crown Estate (or even that the monarchy “pays for itself”). She’s paid taxpayers money from the treasury, it’s just calculated at 15% of the Crown Estate. It could just as easily be calculated as 12% of the nations military spending or 20% of the money raised by BBC licence fees.In addition to her annual funding the Queen also receives income from private estates (which she has volunteered to pay tax on). She received around 15 million pounds per year from the Duchy of Lancaster. Although it should be pointed out that much of what the Queen technically “owns” isn’t generating any income. She technically owns all the swans in the Thames and even the Dolphins that swim in coastal waters around the UK. They’re not really bringing in much cash as far as I’m aware.The costs of her security and other expenses are paid for by the taxpayers.