1.
U.S. markets recover from steep losses
LONDON, July 4 (UPI) -- A British judge has ruled that Pringles potato chips are food, a determination that could save Proctor & Gamble millions in tax.
The ruling means the chips -- or as the British call them, crisps -- are not subject to value added tax, The Telegraph reported. The High Court judge found that more than half of the ingredients are something other than potato and also pointed to Pringles' shape and packaging.
Six years ago, Marks & Spencer, the famous department store chain, won a similar victory when a court ruled that its marshmallow tea cake is a cake. Tax officials had classified the cake as a sweet or snack.
While the cases can seem frivolous, the 17.5 percent tax is serious business, the newspaper noted.
|
|
|
|
|
|
| Additional Business News Stories | |
LINCOLN, Neb., May 24 (UPI) --
A law giving the governor of Nebraska the authority to approve oil pipelines passing through the state is illegal, three landowners say in a lawsuit.
|
NEW DELHI, May 24 (UPI) --
India's state-run National Aerospace Laboratory will work with Kadet Defense Systems to develop NAL's Hansa trainer aircraft into an unmanned airial vehicle.
|
The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
|
What if Europe turned out to be the new Japan?
|
| Stories | Photos | People | Comments |
View Caption
