Protesters took over Apple’s Regent Street store yesterday and played Irish folk music to protest the technology company’s tax avoidance schemes.
Richard Murphy explains why the idea of a competitive marketplace, whilst relevant to companies, is not applicable to states and their tax systems
An investigation by the ICIJ and media organisations across the globe has uncovered widespread use of covert companies inplaces such as the British Virgin Islands and the Cook Islands for tax evasion and other purposes by billionaires, politicians, and professionals around the globe
Corporation tax is a core part of our tax system. On average it raises 10% of UK tax revenues. Calling for its abolition reveals a lack of understanding of its importance
Chancellor George Osborne halved his official growth forecast in his budget speech, although insisted that the UK would avoid a “triple dip” recession. Growth this year will be 0.6%, down from the 1.2% predicted only four months ago.