Starbucks row exposes timidity of the taxman | Analysis

It’s too easy for multinationals to create a loss, or to minimise profits, in the UK via clever tax planningIt’s a victory for consumer power! Starbucks will cough up £10m of corporation tax in each of the next two years on a voluntary basis. So why not haul other suspects in front of Margaret Hodge’s […]
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Pay up! It’s time for wage rises | Daniel Garvin

The Pay Up campaign focuses not on high pay but low pay as the market denies millions even the most basic standard of livingThe past 30 years can be defined by two diverging pay trends. The first is common knowledge: those at the top have seen eye-watering rewards, with some companies giving pay rises to […]
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Sainsbury’s ends store space race

Supermarket joins rival Tesco in slowing pace of store openings this year despite upbeat annual profitsSainsbury’s has signalled the end of the space race as it joined rival Tesco in announcing a slower pace of supermarket openings in the coming year.Its chief executive, Justin King, said it would expand its store space by just 5%, […]
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Tesco should scrap banking and US operation, say shareholders

Call for Tesco to ‘think long and hard about what it wants to be’ as US stores fail and UK market share falls furtherShareholders have increased pressure on Tesco to scrap its US ventures and pull out of banking with renewed calls for it to focus on rejuvenating its flagging UK retail business.At the start […]
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Northern Ireland embarks on new ‘Tesco tax’

New 15% levy to subsidise rates relief for small businesses risks jobs and investment, say large retailersA so-called Tesco tax on large retailers starts in Northern Ireland this weekend.The levy to subsidise rates relief for small businesses has been criticised by Sainsbury’s chief executive Justin King, among others, amid arguments that it unfairly targets the […]
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Sainsbury’s breezy trading figures keep doomsayers at bay

Like-for-like sales are up 2.6% in the past three months, although store expansion remains a riskSpotting the moment when Sainsbury’s slips up has been a popular guessing-game among retail-watchers. The wait goes on. Wednesday’s trading numbers were breezier than forecast – like-for-like sales, excluding fuel, were up 2.6% in the past three months. The share […]
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