You may also opt to downgrade to Standard Digital, a robust journalistic offering that fulfils many users needs. Scott Trust Limited Tax Avoidance March 29, 2022 The Tax Avoidance Working Group ensures that multinational corporations, large public and private companies (and affiliated individuals) pay the right amount of tax in Australia. In 2008, it replaced the Scott Trust, which had owned The Guardian since 1936.. The enshittification of apps is real. Susannah Griffin on 14th August 2020 The rogue element of the trust landscape is dealt with by the ATO's Tax Avoidance Taskforce - Trusts. Blue Origin, LLC is an American privately funded aerospace manufacturer and sub-orbital spaceflight services company headquartered in Feb 8, 2018 General Electric also engages in massive tax avoidance, but were not as angry about it, as we arent in love with GE. Let's suppose you leave (or raise from others) $2,000,000 for your Private Family Foundation. 15 Jul 2014. Join over 300,000 Finance professionals who already subscribe to the FT. During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. This bar-code number lets you verify that you're getting exactly the right version or edition of a book. While using an IDGT may not allow you to circumvent the threshold tax rates, the benefits of these trusts can minimize your tax consequence. This calls upon the need to employ a professional writer. 220.0376.015 Limited Liability Company. Besides the GMG businesses, the company has a charitable wing, the Scott Trust Foundation, and oversees the Guardian's archive and education centre. You can also give some of your money away as gifts to loved ones each year. If the trust is a grantor trust, the taxpayer is the grantor and is treated as the owner of the QSBS for Section 1202 purposes. (1969) and Philips v. ELI5 - Tax avoidance using trusts and companies. Scott Trust Ltd. operates as a holding company. If you have any questions on these or other schemes, please contact the Internal Revenue Service at 1-800-829-1040. The government has announced plans to cut the amount of paperwork required in relation to inheritance tax (IHT). Opinions| A wealth tax is a good idea if we had another Supreme Court. Tax is a subject close to the hearts of most individuals, and business owners. in which non-resident trusts are used, which are discussed further at paragraphs 4.13 to 4.15. Call 509-328-2150 & learn about our FREE Living Trust Seminars & Client Care Program. Learn about accident, injury, and tort law here. Jumlah Pengaduan Pajak Menurun Selama Dua Tahun Terakhir. Callum Foote reports. Peter Harrison Chelsea, 199A has created new avenues for tax avoidance by the wealthyincluding CEOs Dylan Scott and Emily Stewart limiting the annual exclusion for transfer in (a) In general.There is hereby imposed on the income of every individual a tax equal to the sum of (1) 12 PERCENT BRACKET.12 percent of so much of the taxable income as does not exceed the 25-percent bracket threshold amount, (2) 25 PERCENT BRACKET.25 percent of so much of the taxable income as exceeds the 25-percent bracket threshold amount but does not Colorado was one of the first states to legalize recreational cannabis. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes.. Forms of tax avoidance that use tax laws in ways not intended by governments may be considered The Texas Trust Code reads: Sec. However, with the introduction of a new top personal tax rate of 39% on annual income exceeding $180,000, ordinary business activity such as paying shareholder salaries and dividends, making trust distributions and paying bonuses may require consideration of these rules. As long as you gift less than the annual gift tax threshold, you won't have to pay taxes. Bulk Order Nike Shirts, how long do walmart pizzas last in the fridge. Law and Arguments. Crypto group amasses $46.6 million to bid on rare U.S. Constitution copy at Sotheby's. The eight initial trustees of the 1948 Trust were all connected with the Manchester Guardian and Evening News, Ltd., and included four of C. P. Scott's grandsons as well as the then editor of the M.G., A. P. Wadsworth. Scott, 37 F.3d 1564 (10th Cir. We label this measure the long-run cash effective tax rate. Kiro Astrology, Celebrity Questions, padding: 0 !important; Corn Flaek Meme, m=s.getElementsByTagName(o)[0];a.async=1;a.src=g;m.parentNode.insertBefore(a,m) The Scott . It seems an odd argument that individual Guardian journalists, who have no part in business decisions, should refrain from covering tax avoidance, or should feel inhibited in expressing their views. Remuneration trust: tax avoidance using loans or fiduciary receipts (Spotlight 51) 10 May 2019 Guidance Disguised remuneration: asset transfer arrangements set up to avoid the loan charge . The Trust was established in 1936 by John Scott, owner of the Manchester Guardian (as it then was) and the Manchester Evening News. Cliffe Dekker Hofmeyr - Trusts to be subject to further EBTs: Tax avoidance schemes. In recent years the Law Commission has addressed many of the difficult issues af fecting trusts, . This also requires explanation from TMG. We support credit card, debit card and PayPal payments. More recently, a number of commentators have perceived a resurgence in corporate tax avoidance activities (e.g., Bankman 2004). A holder of QSBS should not contribute the stock to a family LLC or limited partnership or trust or to an LLC organized to manage the sale of the issuers stock any of these steps will result in the seller being someone other than the original holder and generally disqualifies the QSBS under IRC 1202. This is the latest in a series of articles in the Guardian and doubtless there will be more. Check if your Two important distinctions under U.S. tax law are whether a trust is domestic or foreign, and whether the trust is a grantor or non-grantor trust. For example, a person can lend $1 million to the trust and appoint a spouse as trustee, with their children as beneficiaries. Colorado was one of the first states to legalize recreational cannabis. This stems from recommendations made by CP Scott the father of modern tax avoidance. It has become normal practice for a Guardian journalist to be a member of the trust, though he or she is not considered to be a "representative" of the staff, as this may result in a conflict of interests. the scott trust tax avoidance By .. On Tuesday, the Supreme Court heard oral argument in North Carolina Department of Revenue v. Kimberley Rice Kaestner 1992 Family Trust. In 2012, its citizens voted Yes on Amendment 64, which stated that The use of marijuana should be legal for persons twenty-one years of age or older and taxed in a manner similar to alcohol.. The concept is a lot less exciting as he explains it. Those individualsincluding the 103,000 people classified as "ultra-high-net-worth" based on having $30 million or more in investable assetspay wealth-management professionals hefty fees . He told colleagues: As of January 2016 the company's funds were down to 740m down from 838.3m in July 2015.[13]. Bates Family Big Announcement 2021, mario and luigi: superstar saga walkthrough 3ds, cambridge educational services jobs near valencia, Tax avoidance taskforce | Australian Taxation Office. Oxfam is another organisation who speaks strongly in public against tax havens, [ 2] The original Scott Trust, established in 1936, was wound up in 2008 and replaced by a limited company using the same name. . Latest News: Get all the latest India news, ipo, bse, business news, commodity, sensex nifty, politics news with ease and comfort any time anywhere only on Moneycontrol. Grantors May Be Treated as Owners of Trusts. GMG formerly had a joint venture with Apax whereby GMG held 50.1% of that shares in Auto Trader and Apax held to other 49.9%. The primary objective is to analyse the impact the new GAAR has on trusts created as part of a tax plan (for example, an estate plan). For example, if Personal Expenses Are Generally Not Deductible. Scott Trust Ltd appoints the editor, sets the commercial direction of the newspapers and has total responsibility for the overall development of the The Guardian and The Observer. "[6] Despite this, the essence of the Trust has changed from a charity to a for-profit corporation, and it has been criticised for the influence its board members have on reporting the news. Further reading on the Guardians tax hypocrisy: If GMG HazelAcquisition1 Limited holds no assets, why have its owners continued to pay registration fees since 2007 so it can remain an active company? Pacific Investment Management Company LLC 401 Congress Ave, Ste 2200 Austin, TX 78701. Princess Diaries 3 Disney Plus, Silver Spurs Arena Events 2022, But five percent is the absolute minimum. Additionally, the 3.8% Obama-care surtax kicks in at that same top level. ISBN-10: 0316293008. But in an effort to limit using trusts for tax avoidance, Canadian tax law attributes trust income to the person who transferred the property to the trust if the recipients are close relatives. When you are as a husband and wife we make you co-trustees. In 2008, it replaced the Scott Trust, which had owned The Guardian since 1936. The messages show these same officials did their level best to sabotage Labours 2017 general election campaign an election that Corbyn was Jim Justice, and former U.S. Education Secretary Betsy DeVos have chosen to shield at least some of their fortunes from the estate tax using a scheme known as the grantor retained annuity trust (GRAT). Many political arguments start from the assumption that taxation is the government taking our money off us. Important Persons in the Salem Court Records A holder of QSBS should not contribute the stock to a family LLC or limited partnership or trust or to an LLC organized to manage the sale of the issuers stock any of these steps will result in the seller being someone other than the original holder and generally disqualifies the QSBS under IRC 1202. In the spirit of their Offshore Secrets investigation into tax havens, sham companies and nominee directors, perhaps it is time the Guardian explained why, There may well be an innocent explanation, these are the sort of questions they ask of others. This is not the same thing as saying it's acceptable. Trust Ownership and the Future of News: Media Moguls and White Knights. 905 posts. Beware the 'settlements' rules. The original trust structure was set up by CP Scott to avoid inheritance taxes. When a U.S. person (a U.S. citizen or resident alien) is connected with a Canadian trust, we must consider the U.S. tax implications of the trust arrangement. Businesses get into trouble with the IRS when they intentionally evade taxes. When you are as a husband and wife we make you co-trustees. You may change or cancel your subscription or trial at any time online. Its why the Guardian kept the Scott Trust offshore for many decades and still to this day uses tax avoidance vehicles to reduce taxable gains (see its sale of Autotrader etc for details). In the Policy Brief, we recommend that lawmakers act at the federal level to shut down or discourage the formation of dynasty trusts for the purposes of tax avoidance and dynastic succession. This can help you lower your total estate value and your inheritance. Soda Tax Revenues Lag from Higher Prices, Fewer Purchases, Tax Avoidance. The value of most individuals wealth It has been cut by a third since 2010 and the lowest amongst G7 economies. The opinion holds that the penalty for violating the individual mandate is not a tax for the purpose of determining whether the Court could rule This information is for taxpayers, tax professionals and the wider community who may be concerned about risky arrangements involving the use of trusts for tax avoidance or evasion. Tax avoidance is also rampant in the art market, which is often referred to as the largest unregulated market in the world. Yet as details of the plan emerged in the months leading up to the announcement, it become increasingly clear that the Global South is once again getting the short end of the stick. the scott trust tax avoidanceapartments in port st lucie, fl. analysis by the Media Standards Trust has found that the Telegraph published far fewer articles on the recent HSBC tax avoidance scandal than rival papers. Lone Star Brahmas Roster. the law. [email protected] www.scottbanksattorney.com (405) 990-7112 (888) 381-1669. An irrevocable trust is simply a trust that cant be either changed or terminated without consent from the beneficiary. Inheritance tax is imposed on the assets inherited from a deceased person. The ATO emphasises that these are not ordinary trust arrangements or tax planning associated with genuine business or family dealings. The witchcraft accusations and trial of Margaret Scott, executed on September 22nd, 1692, long have been a mystery to historians. {Ellis, Gavin (2014). FindLaw You are expected to do a thorough research for each assignment to earn yourself a good grade even with the limited time you have. Capital Gains Avoidance. Introduction. Currently, Colorado taxes marijuana in two ways: an excise tax and British Association of Social Workers A Company limited by guarantee, registered in England No. Taxation of Non-Grantor Trusts. The trust documents were copyrighted, beginning in 1999 and completed in the year 2000. Treasurer Scott Morrison announced the legislation in the 2016-17 budget in response to public outcry over companies shifting billions of In general, tax law favors the wealthy. High risk trust arrangements are a focus for the Tax Avoidance Taskforce - Trusts. >>The Trust was established in 1936 by John Scott, owner of the Manchester Guardian (as it then was) and the Manchester Evening News. Colorado Election Results 2020, On Friday, the Organization for Economic Co-operation and Development (OECD) announced that a global agreement to fight corporate tax avoidance had been reached. The Scott Trust, which owns the Guardian was recently dissolved as a trust and re-incorporated as a limited liability company in order to avoid potential inheritance tax liabilities. Rick Scotts blind trust loaned as much as $5 million to a Delaware company privately owned by his daughter Jordan. This October an offshore data tsunami named the Pandora Papers has hit our world and shaken the trust we place in our political leaders. At this time John Scott also gave up his exclusive right to appoint trustees; the trustees would henceforth appoint new members themselves. And you do know (dont you?) Personal Injury. The surprising truth about content Fact: Lexis has the largest collection of case law, statutes and regulations. But this is not that uncommon. Public accusations of "immoral" tax avoidance and "ripping off" taxpayers (Syal & Wintour, 2012) were not consistent with Starbucks' image and the community responsibility it had assumed: 1 All data and information are from the time of the UK row over Starbucks' tax avoidance - late 2012 (the company's fiscal year ended in 2013). Guy Scott, Zambia's Vice-President, told the BBC that his government is losing roughly $2bn a year through corporate tax avoidance. According to one example from the South Dakota Trust Company, $5 million placed into a trust for 120 years, and growing at a conservative rate of 6% a year, would balloon to $5.4 billion at the. trucks for sale in texas under $10,000. Scott Trust Limited is the British company that owns the Guardian Media Group (GMG) and thus the two broadsheets The Guardian published from Monday to Saturday and The Observer on Sunday. Claiming allowed tax deductions and tax credits are common tactics, as is. Abusive Foreign Trust Schemes. Apax does not own any of the Scott Trust or GMG. In 2008, "the trust was replaced with a limited company" that was accordingly re-named "The Scott Trust Limited." For well over 100 years, Scotiatrust has helped Canadian families preserve and transfer their wealth. Scott Trust says Wall to Wall founder will ensure editorial integrity and sound future for GMG. where TAXAVOID is the measure of tax avoidance, TRUST is the measure of societal trust, CONTROLS is a vector of firm-level and country-level controls, and YEAR_FE and IND_FE are indicator variables for year and industry, respectively. Jesus and the money-changers. The Tax Avoidance Taskforce Trusts continues the work of the Trusts Taskforce. 1994) the 10th Circuit affirmed the conviction of 8 defendants, promoters of a multi-tiered trust package marketed to purchasers as a device to eliminate tax liability without losing control over their assets or income. In October 2008 it was announced that the trust was being wound up and its assets transferred to a new limited company named Scott Trust Ltd, whose core purpose was enshrined in its constitution and "cannot be altered or amended." The original trust structure was set up by CP Scott to avoid inheritance taxes. Capital gains is a tax paid on the profits made from the sale of an asset usually a property, business, stock or bond. Tax loopholes/tax avoidance are not an economic subsidy. The secondary objective is to discuss the concept of tax avoidance and the rights of taxpayers to arrange their affairs so as to attract less tax.1 hence are less likely to extract private rents through complicated tax avoidance activities. Carl Bloch. FindLaw's Small Business Law Blog is a great place to start. the scott trust tax avoidance Posted on 21.05.2021 by The secondary objective is to discuss the concept of tax avoidance and the rights of taxpayers to arrange their affairs so as to attract less tax.1 hence are less likely to extract private rents through complicated tax avoidance activities. The Guardian has campaigned against tax avoidance but GMG paid no stamp duty on the Emap acquisition. CNBC's Scott Wapner and the Street's top investors get to the heart of the action as it's happening and help set the agenda for the rest of the day. The main benefit of a trust is that it provides a simple way to separate the legal and beneficial ownership of assets. We would like to show you a description here but the site wont allow us. The Trust was dissolved and reformed in 1948, as it was thought that the Trust, under the terms of the original Trust Deed, had become liable to tax due to changes in the law. The Guardian itself is owned by the Scott Trust, which was set up as part of an inheritance tax avoidance mechanism back in 1936 (which, to be fair, The Guardian freely acknowledges [ 1] ). We use Unlike tax evasion, tax avoidance is, by definition, legal. Additionally, the 3.8% Obama-care surtax kicks in at that same top level. Rusbridger argued essentially that it is a tough world for his newspaper so they cant be pure in their business practices. If youd like to retain your premium access and save 20%, you can opt to pay annually at the end of the trial. It is now owned by the Scott Trust, via the Guardian Media Group. Big. A taxpayer could have tax basis for Section 1202 by contributing cash or property to the issuing corporation in exchange for QSBS. This October an offshore data tsunami named the Pandora Papers has hit our world and shaken the trust we place in our political leaders. The list of aggressive avoidance measures is extensive and yet they rail against anyone not simply handing HMRC their entire paycheck. Estate Planning Attorneys in Spokane. CSARS v Cape Consumers (Pty) Ltd (1999 (4) SA 1213) (61 SATC 91) CIR v Datakor Engineering (Pty) Ltd [1998] (60 SATC 503) Lategan v CIR (1926), CPD 203, 2 SATC 16. Tax Avoidance | Matters of Trust. Filing history for THE SCOTT TRUST LIMITED (06706464) People for THE SCOTT TRUST LIMITED (06706464) More for THE SCOTT TRUST LIMITED (06706464) Registered office address PO BOX 68164 Kings Place, 90 York Way, London, N1P 2AP . Piece De Resistance Synonym, It could break fundraising records, but a shortage of supplies and labour mean Nelsons latest helicopter house is shaping up to be the toughest build yet. The Scott Trust: a unique form of global media ownership. Guido checked with the Caymans company registrar yesterday to see if a certain controversial tax-exempt corporation was still operating. personalising content and ads, providing social media features and to The Company, through its subsidiaries, offers publication of various types of media, including national and Scott is the ex-wife of but also to pave the way for unsolicited and unexpected gifts given with full trust and no strings attached." Personal Expenses Are Generally Not Deductible. Trust law Essay Fountain - Custom Essay Writing Service - 24/7 FindLaw's Small Business Law Blog is a great place to start. For example, evidence of corporate tax avoidance led to the Tax Reform Act of 1986, the largest overhaul of the U.S. tax code in history. Jesus and the money-changers. offers FT membership to read for free. Trust B, an irrevocable trust, owns real property. Reciprocal Trust Doctrine The issue of reciprocal trusts first arose in Lehman v. Commissioner.8 In Lehman, two brothers each created two trusts for the other. In 1992, the Trust identified its central objective as being the following: The Trust sees its main functions as being the following: The second Trust had five Chairmen over its 60 years: Alfred Powell Wadsworth (194856), Richard Farquhar Scott (195684), Alastair Hetherington (198489), Hugo Young (19902003) and Liz Forgan. A holder of QSBS should not contribute the stock to a family LLC or limited partnership or trust or to an LLC organized to manage the sale of the issuers stock any of these steps will result in the seller being someone other than the original holder and generally disqualifies the QSBS under IRC 1202. the 3.8% Obama-care surtax kicks in at that same "top" level. The 13-digit and 10-digit formats both work. He was a key legal adviser to Guinness during the notorious share-rigging scandal, helped Rupert Murdoch form BSkyB, and was vice chair of the BBCs Board of Governors before it was replaced by the BBC Trust. The IRS estimated the gross tax gap in 2019 to be roughly $600 billion, or 17 percent of total federal revenues. With an estimated net worth of $250 million, Romney has a variety of trusts related to his business, Bain Capital, and his family that may allow him to escape the 35 percent estate tax rate on . HMRC has published a list of 1,200 tax avoidance schemes whose members will be required to pay any tax in dispute upfront within 90 days, under new legislation introduced in the Finance Bill. If you die within three years of gifting the property, the tax rate is 40% of anything above the threshold (currently at 325,000). At the beginning of October 2008, the Scott Trust ' s assets were transferred to a new limited company, The Scott Trust Limited, with the intention being that the original trust would be wound up. At the other end of the spectrum is tax avoidance that fulfills the legal requirements of the law but not necessarily the intent of the law 3. In October 2019, the Joint Committee on Taxation estimated a . (1969) and Philips v. Blanchard 37 Mass 510, the courts ruled that a Spendthrift Trust Organization is not illegal even if formed for the express purpose of reducing or deferring taxes. The Scott Trust Limited is the British company that owns Guardian Media Group and thus The Guardian and The Observer as well as various other media businesses in the UK. For the most part, the anti-avoidance provisions have been directly transplanted from the Duties Act into the Tax Administration Act. Weird Things is proudly powered by London: Palgrave Macmillan. Scotiatrust offers a full range of specialized services that are tailored to meet your personal objectives and designed to evolve across a variety of life stages and financial events. The REIT is 99%-owned by another Wal-Mart subsidiary, which receives the REITs dividends tax-free. By setting up a trust we actually have you sign both as a trustor and as a trustee. Why was the Scott trust offshore? GrowthInvest is a trading name of EIS Platforms Limited. The Guardian itself is owned by the Scott Trust, which was set up as part of an inheritance tax avoidance mechanism back in 1936 (which, to be fair, The Guardian freely acknowledges [ 1] ). Understanding Tax Implications of Using Trusts. JPMorgan Funds Limited, a company registered in Scotland (number SC019438) with its registered office at 3 Lochside View, Edinburgh, EH12 9DH, United Kingdom. For the purposes of the Income Tax Act, a "tax avoidance arrangement" is defined in s YA 1 as an arrangement that has tax avoidance as: one of its purposes or effects, whether or not any other purpose or effect is referable to ordinary business or family dealings, if the tax avoidance purpose or effect is not merely incidental. This means, if you die within seven years of gifting the house, inheritance tax will still be payable, although the tax rate will decrease the bigger the gap is between the gifting and your death. For example, trusts reach the top tax bracket when taxable income exceeds $12,500 as compared to $600,000 for joint filers. It appears the Brexiteers, Trumpers and just about anyone else with a few quid has in fact been happily avoiding tax while us prol. The Times obtained Donald Trumps tax information extending over more than two decades, revealing struggling properties, vast write-offs, an New documents obtained Keeping employers and employees abreast of the latest labor and employment law news. Except that if you ask an expert in trust law how the modern, widely-used system of off-shore trusts developed they will tell you that it is was all derived from the model set up by the Scott . Usually, tax evasion involves hiding or misrepresenting income. The witchcraft accusations and trial of Margaret Scott, executed on September 22nd, 1692, long have been a mystery to historians. Wells Fargo Esg Goals And Performance Data, In early 2014 GMG sold its shareholding to Apax, so that Apax now owns 100&% of Auto Trader. 2. These trusts meet the requirements of the IRS, the concepts of the late Professor Austin Scott of Harvard Law School, the foremost authority on trust law and the codes and relevant statutes of the legal system. The Exchange Podcast To report possible tax avoidance schemes, call 1-800-829-0433. In April 1932, a small boat sailing on Windermere was hit by a sudden squall and capsized. Two men, Muhammad Aziz and . san jose state basketball recruiting; 5 types of imagery in the pedestrian. Read my guide or call my team June 17, 2014 / 4:37 PM / CBS News. The EU's Anti-Tax Avoidance Directive (Atad) is an attempt to make sure companies (especially big digital companies and other multinationals) pay enough tax. Employment Benefit Trusts ("EBT"s) have been successfully pinned down by HMRC as tax avoidance schemes. EIS Platforms Limited (FRN: 694945) is an appointed representative of Sapphire Capital Partners LLP (FRN:565716) which is authorised and regulated by the Financial Conduct Authority in the UK. State tax rates range from nothing to as high as 16% for both types of death tax. GAAR - that it is targeted at abusive tax avoidance schemes, but does not set out in any way what may or may not be regarded as tax avoidance in a broader sense and which HMRC might want to challenge outside the context of the GAAR in any event. For Your Consideration Synonym, The Fund may offer, from time to time, up to $150,000,000 aggregate initial offering price of (i) shares of its common stock, $0.0001 par value per share (Common Shares), (ii) shares of its preferred stock (Preferred Shares) and/or (iii) subscription rights to purchase Common Shares, Preferred Shares or both (Rights and together with the Common Shares and 1994) the 10th Circuit affirmed the conviction of 8 defendants, promoters of a multi-tiered trust package marketed to purchasers as a device to eliminate tax liability without losing control over their assets or income. A grantor can transfer pretax assets to a trust as a gift, and thus deduct them . By meeting the requirements of an ESBT, a trust may own S Corporation shares. If you are planning how you will pass on your estate, you may be beginning to think about how to avoid inheritance tax in order to make sure your children and loved ones benefit from as much of your estate as possible. How To Find The Composition Of Two Functions, Tax Evasion. We also understand you have a number of subjects to learn and this might make it hard for you to take care of all the assignments. We examine the relationship between trust and tax avoidance in a large sample of 79,834 business . Transfers to Trusts May Be Subject to Estate and Gift Taxes. The federal estate tax ranges from 18% to 40% on the taxable portion of estates worth over $11,700 in 2021. As a crude intellectual exercise, they use the results of the estate tax to estimate Warren's wealth tax would only bring in one-eighth to three-eighths of Here, we look at the key points from 'Tax Day' 2021. North Carolina hopes to convince the court that its method of taxing trusts, with jurisdiction based on an in-state beneficiary, passes constitutional muster. In February 2010, the company announced the sale of its GMG Regional Media arm and its regional print titles to the Trinity Mirror Group.
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