Smartcompany News and Analysis: Revealed: The “trap” that could make the loss carry-back tax break hard to claim, Retail chain collapses, World’s richest mums, Yahoo CEO gone
At first glance, the loss carry-back proposal introduced by the government in last week’s budget looks great for SMEs. But, as deputy editor Cara Waters reports, there are a few catches emerging from the fine print and today she reveals a key “trap” that could make it hard for businesses to offset losses against profits. We also look at the collapse of retail chain Game, examine why private companies are remaining upbeat, and look at Yahoo’s decision to move on its CEO Scott Thompson over that resume gaffe. Plus in Entrepreneur Watch , James Thomson looks at how James Packer got his groove back. News Loss carry-back "trap" could mean that many businesses will fail to get tax refund, tax experts say Local arm of video game retailer Game now placed in administration Private businesses predict profit increase of 18% next year: PwC Yahoo chief Scott Thompson resigns over resume controversy – and three other executives who have done the same th