13 February 2019 FT — Articles to Read

13 February 2019


Question: According to MSN: Money, what are four (4) ways to get yourself audited this year?


Saudi Arabia ready to embark on global quest for oil and gas – Pg. 1

–          Saudi Arabia plans to develop an international energy exploration and production business for the first time, doubling down on oil and gas despite the kingdom’s ambitions to curb its reliance on hydrocarbons

–          While Saudi Aramco is the world’s largest oil-producing company, it has never meaningfully ventured overseas to extra resources


BoE governor warns no-deal Brexit likely to weigh on global growth – Pg. 2

–          Brexit is an “acid test” of the future for global trade and “could go quite badly”, the BoE governor said…

–          Brexit uncertainties had already damaged the economy…

–          Brexit was fundamentally about whether a compromise could be found between democratic accountability and economic co-operation…

–          The BoE last week estimated a one in four chance of a recession in the first half of 2019 and that was without knowledge of the latest data…which highlighted the dramatic impact that Brexit was having on the UK economy.  Output has plunged and growth in 2018 was at its lowest level since the financial crisis


Trump ally eyes shake-up of real estate group – Pg. 12

–          Colony, which has lost more than half of its value since a disastrous merger with rival Northstar at about the same time Mr Trump took office in 2018, said it had reached agreement with Blackwells Capital to appoint two new directors to its board

–          Colony owns properties across the healthcare, industrial and hospitality sectors.  It manages assets held in private equity funds backed by outside investors


Answer: (1) Failing to report income; (2) Guessing at deductions; (3) Claiming deductions that are disproportionate to your income; (4) Filing on paper