Tax and spending

Don’t call Howard Schultz a billionaire. He’s just a ‘person of means’ | Arwa Mahdawi | Opinion – Business Article

Howard Schultz is worth around $3.4bn. While one might think that would make the former Starbucks CEO and would-be presidential candidate a “billionaire”, he would prefer you didn’t use that term. You see, while billionaire may seem like a simple descriptor, it is actually a disgusting slur. Schultz enlightened us as to the problematic nature of the b-word at a book event in New York last Monday. When asked by New York Times columnist Andrew Ross Sorkin whether he thought…

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Billions of UK aid failing to reduce poverty, report finds | Global development – Business Article

Too much of Britain’s aid budget is being spent poorly by Whitehall departments on projects that fail the test of reducing poverty in the world’s poorest countries, a campaign group has said. The One Campaign – an advocacy organisation set up by the U2 singer Bono – said the huge gulf in standards across government was undermining the battle to build public trust that taxpayers’ money was being well spent. The UK is one of only a handful of countries…

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