Exactly. Presuming a 50% tax (highest end worldwide) rate and a full write off they spent 50 mil to save 42.5 mil on taxes.
Usually it’ll be capital gains income where they would be writing off which is a much lower rate. Example 20% in which case they saved 15 mil in taxes for 50 mil investment.
first 20% goes to gift aid in the UK so some countries you wouldnt even get full tax band.
Now tax free storage of art usually in ports is interesting but not some 100% write off scheme.
They spent 50 million in cash, received 42.5 in tax credits, and made a donation of 75 million. So effectively, they made a 75 million donation for 7.5 million outlay. It's a very efficient way of making donations, but it doesn't make you better off in raw cash terms.
But being rich is not about having cash, it's about using cash to achieve your ends. Giving 75 million is really buying 75 million worth of philanthropy - 75 million worth of social status, or invites to exclusive parties, or favours from patrons, or support for projects valuable to them. And they bought it for only 7.5 million!
I have land on Sandbox game. Which didn't cost a lot when I bought it initially (like $80) and is still worth much more than initially paid while the game is slowly still majoring. Could have sold them for 15k each in the NFT hype but I rather build my imperium in their universe one day :)
Current market value is at ~$600 and it's a playable game with actual users getting regular updates. It's more or less the maximal value of all NFTs I can remember right now.
My only issue with Tailscale was that it can't seem to stay logged in longer than something like 45 or 90 days.. making it a fun toy, but not for enterprise use.
As someone who travels a lot with machines all over the world, if a node goes offline I can ask someone to reboot a machine .. but there is no way I am giving random people credentials to my machines and network to fix issues.
There is an option to disable key expiry in the machine settings, unless you're talking about a different issue / bug. In my case, simply turning off key expiry is enough to keep the machine online for months inside tailscale network so far.
Can we go shorter? The Director General of MI6 traditionally has the designator 'C'. This probably wouldn't work anywhere in the UK, but if you dropped it off at a Post Office near Vauxhall Cross, they'd probably figure out what you meant.
Since not including a stamp should imply it's for an MP maybe it would be enough to choose a unique short name. I think there's more than one Ed, but Lia or Naz should be sufficient.
Some EU laws apply in Northern Ireland - I don’t know about laws in this area specifically. If a phone is legal in the EU, the UK may be required under the Northern Ireland Protocol (and the new “Windsor Framework”) to allow it in Northern Ireland. If they have to make a phone legal in Northern Ireland, it will be very hard to ban it in England, Scotland and Wales
Sure, but its not that hard or expensive to hop a ferry/train/plane trip to France or Ireland and buy an unlocked phone, as one example. Any laws the UK passes have to account for the geographical realities of its location.
Just because the UK is no longer in the EU doesn't mean its not affected by many of its decisions, given the enormous volume of trade that will continue to occur between them.
I hate to break the bad news, but people break laws all the time, including in the UK. People will just manage the risk exactly like any other law they choose to ignore.
Criminals still carry blades as weapons in the UK, despite it being a strict liability crime and at risk of stop and search.
And the Channel between England and France is a mere 20 miles at its narrowest point, Ireland is 12 (the UK's nearest EU neighbors). You can argue it down to zero miles for Ireland if you start your journey in Northern Ireland.
The sun absolutely does set on what little is left of the "British Empire" in the 21st century.
The famous phrase was as much about the relative geo-political strength of the empire in the 18th and 19th centuries as much as it has to do with actually being able to see a sunset... but feel free to take it literally if you like.
Usually it’ll be capital gains income where they would be writing off which is a much lower rate. Example 20% in which case they saved 15 mil in taxes for 50 mil investment.
first 20% goes to gift aid in the UK so some countries you wouldnt even get full tax band.
Now tax free storage of art usually in ports is interesting but not some 100% write off scheme.