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Senate takes a bite of Apple, sees terrible tax truth

Senate takes a bite of Apple, sees terrible tax truth

The Senate committee has accused tech giant Apple of being 'among America's largest tax avoiders'.

 

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JP Morgan boss faces investor wrath

JP Morgan boss faces investor wrath

20 May 2013

Shareholders have lambasted the chairman and chief exec of JP Morgan, Jamie Dimon, over holding both roles. They say he should be one or t'other.

 
 
High inflation has 'cost the UK £10bn', says report

High inflation has 'cost the UK £10bn', says report

20 May 2013

The Ernst & Young Item Club, which makes economic forecasts using the Treasury's own methods, says inflation has cost the UK £10bn over the last three years alone.

 
 
An ethical conundrum: Can banks be good?

An ethical conundrum: Can banks be good?

20 May 2013

The banking industry's reputation lies in tatters, says leadership expert Michael Jenkins. But can a sector solely devoted to making money ever be truly ethical?

 
 
David Cameron: 'Damn you, tax havens!'

David Cameron: 'Damn you, tax havens!'

20 May 2013

The PM has penned a stiffly-worded letter to 10 overseas British territories demanding that they sign up to international tax treaties. 'Get your house in order!' he wrote.

 
 
Howard Davies: Why did Hollande entrust France's finances to a cosmetic surgeon?

Howard Davies: Why did Hollande entrust France's finances to a cosmetic surgeon?

17 May 2013

Cahuzac, a cosmetic surgeon and Frances' budget minister, left a toxic cloud behind him after he resigned over a tax scandal. What did Hollande know and when?

 
 
Amazon pays a pittance on £4bn sales

Amazon pays a pittance on £4bn sales

16 May 2013

The e-tail giant's UK division paid just £2.4m in corporation tax on sales of £4.3bn last year - a rate of less than 0.1%. And that's despite Amazon receiving £2.5m in government grants...

 
 
Merv leaves BoE on a high note

Merv leaves BoE on a high note

15 May 2013

The governor of the Bank of England, Mervyn King, has decided that he will leave on a positive note, with his final set of quarterly forecasts suggesting things are looking up.

 
 
Severn Trent bats away 'undervaluing' takeover plans

Severn Trent bats away 'undervaluing' takeover plans

15 May 2013

The water supplier has rejected a takeover approach from Kuwaiti and Canadian investors saying that it does not value the company highly enough.

 
 
Another 14,000 jobs to go at HSBC?

Another 14,000 jobs to go at HSBC?

15 May 2013

It's already been on a huge cost-cutting drive, but today the UK's largest bank announced that it might have to shed another 14,000 people.

 
 
£440m fund announced for clever UK tech firms

£440m fund announced for clever UK tech firms

14 May 2013

The Technology Strategy Board has revealed that it has a £440m war chest to fund innovative businesses and drive growth across the UK this year.

 
 

The MT interview: Terry Smith

"I'm often described as outspoken. I don't view this as a criticism."

Terry Smith, CEO of Tullet Prebon, pulls no punches in this month's big interview

 
 

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