By Tom Bergin LONDON (Reuters) - When Neil Withington, the legal director of British American Tobacco (BAT) and the firm's largest British shareholder, files his next tax return, he will receive a little help from the state. Like every other UK taxpayer, he will be entitled to a tax credit on any dividend payment he receives. The credit is intended to compensate shareholders for the fact that dividends are paid out of income which has already been subject to UK corporate income tax. To help avoid the same money being taxed twice, the UK trims its levy on dividends.
US President Barack Obama warned that South Sudan stands at the "precipice" of civil war amid spiralling violence, with the UN launching a rescue mission after three Indian peacekeepers were killed. The United Nations Security Council readied emergency consultations on the rapidly fledgling nation Friday, amid growing fears the country was sliding towards all-out civil war. The UN in South Sudan reported Friday 14 separate sites of fighting or civil unrest, many in the troubled eastern state of Jonglei, with 34,000 civilians sheltering in or around UN bases. "Recent fighting threatens to plunge South Sudan back into the dark days of its past," he said.