Tory sleaze allegations after Mercer quits

Conservative party under fire after ex-soldier allegedly failed to declare £2,000 paid by journalists in sting operationThe Conservative party was left reeling by sleaze allegations after an MP resigned from the parliamentary party for allegedly failing to declare thousands of pounds paid by a fake lobbying firm in a damaging journalistic sting.Patrick Mercer, MP for […]
Continue reading…

Enjoyed this post? Share it!

 
 

UK has until July to implement tougher energy market rules

EU Regulation on wholesale energy markets and transparency (Remit) is designed to prevent price fixing by oil and gas firmsThe government has so far failed to introduce measures from Brussels to crack down on oil and gas market abuse more than 18 months after it was told to and despite a flurry of price-fixing claims.Under […]
Continue reading…

Enjoyed this post? Share it!

 
 

Levy free: How billions of pounds have been siphoned off to tax havens

Royalties and interest on debts, set against profits, are allowing companies to bypass the UK taxmanMost of the cash that bypasses the UK tax authorities en route to a tax haven leaves the country via a royalty payment or as interest payments on a debt.It is legal for Google to charge a royalty to all […]
Continue reading…

Enjoyed this post? Share it!

 
 

OECD prepares new rules to limit corporate tax avoidance

All 34 members back proposals to crack down on schemes that enable multinationals to pay as little as 1% tax on profits, it saysThe OECD is to draw up new rules to limit tax avoidance by some of the world’s largest businesses in time for a meeting of the G20 group of nations in July.The […]
Continue reading…

Enjoyed this post? Share it!

 
 

EU ridiculed for banning olive oil jugs from restaurants

Move to ensure olive oil is served in non-refillable bottles condemned as weirdest decision since curvy cucumber rulingEU bureaucrats have been ridiculed for shifting their focus from fighting the eurozone’s debt crisis to impose strict rules on how restaurants serve olive oil.From 1 January eateries will be banned from serving oil to diners in small […]
Continue reading…

Enjoyed this post? Share it!

 
 

Amazon faces whistleblower’s claims over UK business tax practices

Margaret Hodge, chair of public accounts committee, signals company interview to come on tax arrangementsAmazon is facing mounting questions over the extent of the business activities conducted out of Patriot Court, its headquarters in Slough, threatening to throw the group’s controversial UK tax structure into disarray.A second supplier has contacted the Guardian following an investigation […]
Continue reading…

Enjoyed this post? Share it!

 
 

FTSE 100’s use of tax havens – get the full list

Research has found that the UK’s biggest public companies have more than 8,000 subsidiaries or joint ventures in tax havens – but which businesses have the most?• Get the data• More data journalism and data visualisations from the GuardianWhich major UK corporations keep subsidiaries in tax havens? The short answer, according to updated research by […]
Continue reading…

Enjoyed this post? Share it!

 
 

Harriet Harman urges overhaul of media ownership rules

Labour deputy leader says media barons such as Rupert Murdoch have developed a sense of invincibilityLabour’s deputy leader, Harriet Harman, has called on the government to lay down plans for a tough communications bill in the Queen’s speech on Wednesday, including rules to curb Rupert Murdoch’s dominance in newspapers and pay TV and a framework […]
Continue reading…

Enjoyed this post? Share it!

 
 

Scottish court rules minimum alcohol pricing is legal

Scotch Whisky Association’s challenge to 50p minimum price a unit is dismissedA judge has ruled that Scottish government plans to set a minimum price for alcoholic drinks are legal, in a case that will be seen as a significant victory for health campaigners but will spark an appeal by the drinks industry.Lord Doherty on Friday […]
Continue reading…

Enjoyed this post? Share it!

 
 

Regulator takes months to bring payday lenders to heel

The OFT has yet to contact many payday lenders, two months after damning report pointed to widespread breaches of rulesAlmost two months after issuing a damning report on the payday loans industry the Office of Fair Trading has still not contacted all of the firms it believes could be breaching rules on responsible lending.The high-cost […]
Continue reading…

Enjoyed this post? Share it!