Uber Challenges UK Supreme Court Decision on Taxes Affecting Private Employment Competitors

Taxi operators competing with Uber are now exempt from paying 20% VAT on their earnings outside London, following a ruling from the UK Supreme Court in a long-running case.

The court determined that the private employer would not establish a contract with passengers, thereby rejecting Uber’s appeal. This decision was celebrated by the private employer as a “sector victory” after three years of legal challenges.

Uber initiated legal action after a 2021 Supreme Court ruling declared that the driver was classified as a worker.

The company sought a declaration asserting that a privately employed taxi operator had entered into a contract with passengers, a claim supported by the London High Court in 2023.

Initially, that decision required operators to pay a 20% VAT, but the Court of Appeals overturned this after Delta Taxi and Veezu challenged it last July.

Uber brought the issue to the Supreme Court, which unanimously dismissed the case involving the US company on Tuesday.

Nia Cooper, Chief Legal Officer at Veezu, remarked: “This ruling is a triumph for the UK’s private employment sector. The unanimous decision concludes a three-year legal struggle and affirms that operators can select the business models they wish to adopt.”

She added that the outcome would shield passengers from potential fare hikes and lessen the pressure on licensing authorities. “Uber aimed for a declaration that a 20% VAT would be imposed on all PHV fares,” she stated.

“This ruling also illustrates that UK-based companies can stand firm against global conglomerates that attempt to sway the sector through litigation to suit their business frameworks.”

An Uber representative replied, “The Supreme Court’s ruling confirms that different contractual protections apply to individuals booking rides in London compared to the rest of England and Wales. This ruling does not affect Uber’s VAT, which has been upheld in two previous court decisions.”

In a related matter this year, Estonian mobility and delivery startup Volt successfully contested a claim by the UK tax authorities, HMRC, regarding a 20% VAT obligation.

HMRC has since been granted permission by the Court of Appeal to appeal a ruling stating that Bolt is only accountable for VAT on the margin, not on the full fare of the trip.

Source: www.theguardian.com

Tech Stocks Climb Following Strong Nvidia Results, Despite Concerns Over Chinese Competitors

Even though leaders in the AI chip industry have raised concerns about the emergence of Chinese competitors, tech stocks experienced an upswing on Thursday, buoyed by robust results from Nvidia.

The Stoxx Europe Tech Index increased by 0.8% on Thursday, leading to a 2.4% rise in Dutch semiconductor equipment manufacturer ASML. Meanwhile, in the US, tech-focused NASDAQ futures surged by 2%, alongside a 6% pre-market gain for Nvidia’s shares.

The uptick in tech and artificial intelligence stocks followed Nvidia’s report that surpassed Wall Street expectations, with quarterly revenues jumping 69% to $44 billion (£32.6 billion). The company also expressed optimism that business transactions in the Middle East could offset losses from China.

In April, former US President Donald Trump announced restrictions on AI chip exports to China, effectively cutting off a significant revenue stream, although Nvidia continues to sell H20 AI chips to Chinese firms.

Nvidia’s CEO Jensen Huang cautioned that Chinese competitors are capitalizing on the vacuum left by US trade barriers. “Chinese rivals have adapted,” Huang stated to Bloomberg TV. He noted that Huawei, which has been blacklisted by the US government, is “extremely formidable.” “Like everyone, their capabilities are multiplying each year,” Huang remarked. “The volume has also significantly increased.”

While US government policies aim to shield AI technology from Chinese influences, Huang indicated that domestic businesses are simply exploring alternative options. “The importance of the Chinese market should not be underestimated,” Huang noted. “It’s home to the largest population of AI researchers globally.”

Nvidia mentioned that it anticipates losing out on $8 billion in revenue for the second quarter due to Trump’s trade restrictions.

Tech investors felt positive after a recent judicial ruling that might challenge the president’s aggressive trade regime, as the US trade court opposed Trump’s severe tariff policies. Nonetheless, uncertainty looms since the White House has already appealed this decision from the International Trade Court based in New York.

In other news, shares of Tesla, another key player in AI technology, climbed by 2.6% after CEO Elon Musk confirmed his decision to step down from his role in the Trump administration.

Musk has been “at the helm of the Department of Government Efficiency (DOGE) since January, ruthlessly cutting expenditures across various public sectors and institutions. He announced in April his intention to resign following a decline in Tesla’s revenue and his failure to secure a Supreme Court position, which had consumed millions in support of Republican candidates.

Source: www.theguardian.com

United Kingdom must accelerate adoption of electric cars to stay ahead of competitors

This push for electric cars isn’t about a culture war. It’s a simple choice. Can we prepare British industry to take advantage of the changes that are coming? Or will we leave it alone to let our competitors run laps until we decide whether to change our tires? Or?

The previous government, including the current opposition leader, may have been content to play politics with people’s jobs at stake by delaying the end of sales of new gasoline and diesel cars. But this government is not like that.

Prior to that, we were on track to meet the 2030 deadline and the electric vehicle mandate had wide support from industry. More than two-thirds of UK car manufacturers had already committed to a full transition to electric cars by 2030, and investment was starting to pour into building electric cars here at home.

However, the decision to delay the transition has resulted in significant costs for companies that were already gearing up to meet the 2030 deadline, dealing a major blow to our credibility and putting investment, jobs, and growth at risk.

This Government has clearly recognized the fact that if we want the car industry to survive in the UK, we need to provide certainty and confidence to investors, not change our targets.

Having grown up in Sunderland, home to the Nissan factory, I know first-hand how important the car industry is to local communities in delivering growth, jobs, and wealth creation. The UK car industry employs over 150,000 people, and its continued success plays a major role in our mission to grow the economy.

If we get this transition right and support the growth of the UK electric vehicle market, we have a huge opportunity to tap into a multi-billion pound industry that can create well-paid jobs for decades to come.

That’s why in our manifesto we committed to moving back the transition to electric cars to 2030 and phasing out the sale of new cars with internal combustion engines.

But we want to work with industry and make sure that their voice is heard on how to get there. That’s why we’re fast-tracking a consultation to see how the government can support manufacturers, investors, and the industry as a whole to achieve our goals. To be clear, the content of this consultation is how do not have if We will achieve this ambition.

Working families also benefit from this transition. EVs are becoming more affordable and practical, prices are starting to fall, they are cheaper to run and maintain, range is improving, charging infrastructure is expanding rapidly, and demand in the UK is increasing. It is increasing.

And of course, with road traffic contributing up to 30% of air pollution, a shift to electric vehicles means cleaner, healthier air for our children and future generations.

Delaying the transition will only make it harder and more expensive for the industry and families in the long run. That’s why we want to do everything possible to ensure that the next generation of zero-emissions vehicles are designed and manufactured here in the UK, are affordable and accessible to workers, and encourage the uptake of electric vehicles. That’s what I think.

That’s why the Chancellor announced more than £2 billion will be spent on producing zero-emission cars. This funding will support the latest research and development of these technologies, accelerate commercial scale-up, and enable capital investment.

On the demand side, people involved in promoting electric vehicles are concerned about the availability of charging points. That’s why we’re investing over £200m to accelerate the rollout of charging points, building on the 71,000 public charging points already available.

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We are currently taking proactive steps to foster stability in this sector, but we are also developing long-term plans to ensure UK motor manufacturing can grow and thrive.

We are already seeing manufacturers embrace zero-emission vehicles and the transition to a greener economy, with governments fully supporting manufacturers. Jaguar Land Rover will move to a 100% fully electric vehicle range over the next five years, investing billions of dollars into the UK economy. At the same time, we can see Toyota investing heavily to make its UK manufacturing operations 100% carbon neutral by 2030.


When governments say decarbonization must not mean deindustrialization, we mean it. There is no path to net zero without the support of British industry and workers.

With Ford recently announcing job cuts across Europe and Stellantis proposing to close Vauxhall’s Luton factory, we’ve learned more about the global challenges facing the industry and how we’re working to help. We have no doubts about the need to play a role.

That’s exactly why I’ve been sitting around the table talking directly with industry leaders about how best to make this transition happen, and my message has always been loud and clear. The Government is listening and we will work closely with you to deliver our plans.

The bottom line is: Either we look ahead and leverage the clean energy transition to deliver growth, creating new jobs and a greener future, or we fall behind. is. This government will not make the same mistakes as the past and will not tolerate it.

Jonathan Reynolds is Secretary of State for Business and Trade.

Source: www.theguardian.com

Meta introduces an open-source AI application that rivals closed competitors

Meta has announced that its new artificial intelligence model is the first open-source system that can compete with major players like OpenAI and Anthropic.

The company revealed in a blog post that its latest model, named “Llama 3.1 405B,” is able to perform well in various tasks compared to its competitors. This advancement could potentially make one of the most powerful AI models accessible without any intermediaries controlling access or usage.

Meta stated, “Developers have the freedom to customize the models according to their requirements, train them on new data sets, and fine-tune them further. This empowers developers worldwide to harness the capabilities of generative AI without sharing any data with Meta, and run their applications in any environment.”

Users of Llama on Meta’s app in the US will benefit from an additional layer of security, as the system is open-source and cannot be mandated for use by other companies.

Meta co-founder Mark Zuckerberg emphasized the importance of open source for the future of AI, highlighting its potential to enhance productivity, creativity, and quality of life while ensuring technology is deployed safely and evenly across society.

While Meta’s model matches the size of competing systems, its true effectiveness will be determined through fair testing against other models like GPT-4o.

Currently, Llama 3.1 405B is only accessible to users in 22 countries, excluding the EU. However, it is expected that the open-source system will expand to other regions soon.

This article was corrected on July 24, 2024 to clarify the availability of Llama 3.1 405B in 22 countries, including the United States.

Source: www.theguardian.com

OnePlus 12: Falling behind top competitors in the smartphone market

OnePlus' latest top smartphone can't shake the feeling of being left behind by its rivals.

The OnePlus 12 has a sleek look, fast software, and long battery life, but it lacks the much-touted AI tools built into devices from the likes of Samsung and Google. It feels more like a 2020 cell phone than a new era of artificial intelligence.

This may appeal to those looking for a pared-down, relatively clean experience. Its price of £849 (€969/$799) is also less than its £1,000 full-featured rival. But by modern standards, it feels lacking.




The curved glass and aluminum sides make the phone narrower than its competitors, but the OnePlus 12 is still a very large phone. Photo: Samuel Gibbs/The Guardian

The design is very similar to last year's OnePlus 11 (which cost £120 less at launch), a sleek metal and glass sandwich that feels as slick as it looks. The huge 6.82-inch OLED screen is crystal clear, smooth, and very bright. The large circular camera bump on the back is a standout design element, along with the fan-favorite alert slider on the side.

Inside the OnePlus is Qualcomm's latest top Snapdragon 8 Gen 3 chip, which is 30% faster and 20% more power efficient than its predecessor. This is a very powerful chip that is only found in a small number of new cell phones.

The OnePlus certainly feels fast and smooth in normal operation, but to get maximum performance, i.e. running at full tilt, you'll need to enable the “High Performance” mode embedded in the settings, or when playing games. must be used in mode. The phone is therefore tuned more for power efficiency than raw performance, resulting in extremely long battery life.

It lasts 52-55 hours between charges, and the default settings provide over 9 hours of active screen use. This is significantly longer than last year’s model, making it the best in the industry. OnePlus also charges very fast, reaching 100% within 30 minutes using his included 100W charger.




The aluminum frame has curved corners, but the top and edges of the phone are flat. Photo: Samuel Gibbs/The Guardian

specification

  • screen: 6.82 inch 120Hz QHD+ OLED (510ppi)

  • Processor: Qualcomm Snapdragon 8 3rd generation

  • Ram: 12 or 16GB

  • storage: 256 or 512GB

  • operating system: OxygenOS 14 (Android 14)

sustainability

Oxygen OS 14




OxygenOS is generally smooth to use with a reasonable amount of customization, but it is noticeably lacking in advanced smart features. Photo: Samuel Gibbs/The Guardian

The phone runs OxygenOS 14, a modified version of the latest Android 14 software. Overall it's very polished, with plenty of customization options covering everything from gestures, the look and feel of the software, and various multitasking tools. But it lacks the AI ​​tools and smart systems that have become the mainstay of rivals in both the Android camp and his iPhone camp.

Source: www.theguardian.com