Wealthy individuals are leaving the UK in response to potential tax hikes proposed by the Labour Party, which have raised concerns about capital gains and inheritance taxes. As these affluent citizens seek refuge from aggressive tax policies, the Tax Justice Network (TJN) has identified British overseas territories as leading enablers of corporate tax abuse.

> UK tax advisor David Lesperance is helping wealthy clients leave the country due to concerns about potential Labour tax hikes, including capital gains and inheritance taxes, and a new "exit levy." Recent estimates suggest that one-fifth of the nation's millionaires could leave, raising fears of budgetary shortfalls as top taxpayers exit. Lesperance's clients are relocating to countries like Ireland, Greece, and Italy, seeking "fire insurance" against possible aggressive tax policies. Economists warn that further exits could significantly hurt public finances, and former chancellor Nadhim Zahawi sees the trend as a "vote of no confidence" in the UK's tax system.

> Meta recently fired about two dozen employees for misusing $25 Grubhub meal credits, a perk meant to support staff in locations without free meals. The firings sparked mixed reactions on the workplace forum Blind, where some employees empathized with those let go, while others argued that policy violations justified the terminations. The misuse involved purchasing non-meal items like laundry detergent and wine glasses, and only those who showed a pattern of abuse were fired. Some employees expressed concerns about strict policy enforcement amid Meta's "year of efficiency" strategy, linking the firings to recent company layoffs and reorganizations.

> The Tax Justice Network (TJN) ranks British overseas territories as top enablers of corporate tax abuse, with the British Virgin Islands, Cayman Islands, and Bermuda leading the list. The UK and its tax havens are said to contribute to one-third of all corporate tax abuse risks globally, costing countries an estimated $84 billion annually. While some governments, including the UK, defend their compliance with OECD tax standards, TJN argues that these standards are insufficient to combat tax avoidance. The TJN supports a UN-led initiative for a global tax accord, criticizing the UK's opposition despite its efforts to strengthen domestic anti-tax avoidance measures.

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> Slower M&A activity and the return of broadly syndicated loans have led to significant price compression in the European leveraged buyout market, with middle-market deal pricing dropping by as much as 75 basis points. Larger lenders are prioritizing deal volume over optimal terms, pushing margins down, especially in competitive sectors like software and IT. The upper mid-market has seen the most significant squeeze, with some deals now priced as low as 450-475 bps, while lower midcap segments offer more flexibility with strategies like buy-and-build financing. Despite the broader trend, some experts believe that spread compression may stabilize if deal volumes increase next year. For no fuss lending, check here. 

> The FTC has finalized its "click to cancel" rule, requiring companies to simplify subscription cancellations and make the process as easy as signing up. The new rule targets negative option programs, ensuring that consumers must actively consent to subscriptions, auto-renewals, and free trials that convert to paid plans. It prohibits misleading cancellation processes, requires clear disclosure of terms, and bans mandatory chatbot or agent interactions for canceling. While some trade groups oppose the rule, citing potential consumer inconvenience, the FTC aims to eliminate subscription "tricks and traps" and prevent unwanted recurring charges.

> In an interview, Ramit Sethi, host of Netflix's How To Get Rich, discussed the significance of money in relationships and common financial pitfalls couples face. He highlighted the trend of avoiding money discussions and secrecy in relationships, noting that financial issues often stem from shifting gender roles and differing views on money. Sethi emphasized that avoiding money talks and being overly focused on costs can be red flags, while the lack of a shared financial vision poses a bigger problem than overspending. He also touched on prenups, suggesting they are valuable when substantial assets are involved, and advised approaching them openly and thoughtfully.