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15 June 2013 0 View comments Downing Street faces more flak over company tax arrangements after it emerged that a major Government contractor is funnelling profits into an offshore haven. Telereal Trillium has a 3.2billion contract to manage
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An influential new group to speak up for alternatives to corporate greed will launch next week. The UK Social Economy Alliance aims to provide an antidote to greedy bosses by highlighting the work performed by 180,000 organisations and social
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Chief Executive Officer Tim Cook said this month that the company doesn't use "tax gimmicks" after U.S. Senator Carl Levin in Washington described Ireland as a haven through which Apple avoids levies. Levin's comments caused tremors across the
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British retailers have been accused of not paying their way on tax, with just two of 25 well-known store groups awarded a " Fair Tax Mark ", in a report published on Thursday by the Fair Tax Campaign . Several UK companies, including mobile telephone
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10 June 2013 1 View comments Britain's biggest water company paid no corporation tax last year despite imposing inflation-busting price rises on millions of customers. Thames Water made profits of 549million last year after sales rose six per cent to
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The boss of the water industry watchdog has called the bumper profits made by water companies as "morally questionable". Ofwat chairman Jonson Cox, writing in The Daily Telegraph, vowed to "lift the veil" on the sector. Mr Cox said he would reveal
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Vodafone said UK network investment and interest payments wiped out corporation tax liabilities for the year to April. It said operating profits of £294m in 2012 were offset by interest payments of £300m on loans to buy 3G spectrum. Vodafone's annual
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Ofcom Mobile phone giant Vodafone paid no UK corporation tax for the second year running, despite earning more than £5bn of revenues in Britain. The Berkshire-based group said investment in its UK network and interest payments more than wiped out
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View of the reception of Amazon Europe Holding Technologies in Luxembourg in this picture taken on November 20, 2012. As western politicians consider moves to clamp down on corporate tax avoidance , some conservative economic thinkers say the damage
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City of London is trying to make Kenya the world's next tax avoidance hub. If anyone doubted the sheer scale of corporate power and the importance of tax havens to it, they had the unedifying spectacle of Tim Cook, CEO of Apple, to enlighten them
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