Wednesday, 07 November 2012 10:37
'The Government is powerless to stop large multi-national companies like Starbucks and Google from paying almost no tax on their profits in this country, Britain’s most senior tax official admitted today.
But within minutes of making the admission the Chancellor George Osborne announced that he was working with Germany in a concerted international attempt to address multinational tax evasion. He said both counties would raise the issue at the G20 meeting in Mexico this weekend with the aim of introducing new OECD rules to outlaw the practice.
Next week senior executives from the coffee chain Starbucks are due to face MPs on the Public Administration Committee to explain why they have only paid £8.5 million in Corporation Tax despite in the last decade despite racking up £3bn in sales in the UK.'
Wednesday, 07 November 2012 10:31
'The DTCC’s claim that a large amount of their $36.5 Trillion in securities holdings at 55 Water Street in NYC have been “damaged” by flooding from Hurricane Sandy. How convenient. Just when the criminality on Wall Street reaches an apex, they come up with a way to burn (or drown) the evidence of their epic crimes. Just like on 9/11 when WTC-7 collapsed at free fall speed taking along with it all of the documents in the ongoing Enron fraud investigation. You just can’t make this stuff up.'
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