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....Posing as an Asian-based manufacturer, Evaldas Rimasauskas tricked staff into transferring money into bank accounts under his control, US officials said. The companies were not named but were described as US-based multinationals, with one operating in social media. ... [Read full article on BBC ]
Wednesday 22nd of March 2017 01:39:49 PM
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....The brother-and-sister team behind the Wolf pub in Birmingham were forced to drop their original plan to name the establishment the Lone Wolf, after receiving a legal warning from BrewDog, which has launched a spirit bearing the same name. But BrewDog founder James Watt announced a change of heart on Monday after the Guardian’s report sparked a backlash that saw the firm, a vocal critic of large, faceless brewing firms, accused of acting like “just another multinational corporate machine”. ... [Read full article on Guardian ]
Monday 27th of March 2017 12:04:26 PM
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.... Syrians, for example, are often skilled and well educated, and share a language with Jordanians. Crucially, international recognition of a regional refugee crisis creates a potential opportunity for the government of Jordan to appeal for the relocation of a number of multinational corporations to Jordan, for reasons that partly connect to corporate social responsibility and partly to core business interests. ... [Read full article on Guardian ]
Wednesday 22nd of March 2017 06:00:27 AM
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. BrewDog, the craft beer company that prides itself on a “punk” ethos, has been accused of acting like “just another multinational corporate machine” after forcing a family-run pub to change its name or face legal action. ... [Read full article on Guardian ]
Sunday 26th of March 2017 04:42:58 PM
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....The London market has risen for the past four trading sessions in a row, notching up three record closes along the way. However, sterling's rise to its highest level since 23 February has raised worries about how it may hurt profits when London-listed multinationals repatriate profits back to the UK. ... [Read full article on BBC ]
Tuesday 21st of March 2017 09:06:16 AM
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. Brexit could damage the UK’s efforts to tackle corruption and give multinationals leverage over the British government in bribery cases, the Organisation for Economic Co-operation and Development has warned. ... [Read full article on Guardian ]
Thursday 23rd of March 2017 10:07:05 AM
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Latest Finance News related to Multinational

BrewDog backs down over Lone Wolf pub trademark dispute image
Source : Guardian [Read Article] Monday 27th of March 2017 12:04:26 PM
....The brother-and-sister team behind the Wolf pub in Birmingham were forced to drop their original plan to name the establishment the Lone Wolf, after receiving a legal warning from BrewDog, which has launched a spirit bearing the same name. But BrewDog founder James Watt announced a change of heart on Monday after the Guardian’s report sparked a backlash that saw the firm, a vocal critic of large, faceless brewing firms, accused of acting like “just another multinational corporate machine”. ...
Brewdog accused of hypocrisy after forcing pub to change name image
Source : Guardian [Read Article] Sunday 26th of March 2017 04:42:58 PM
. BrewDog, the craft beer company that prides itself on a “punk” ethos, has been accused of acting like “just another multinational corporate machine” after forcing a family-run pub to change its name or face legal action. ...
Brexit could damage UK's fight against corruption, says OECD image
Source : Guardian [Read Article] Thursday 23rd of March 2017 10:07:05 AM
. Brexit could damage the UK’s efforts to tackle corruption and give multinationals leverage over the British government in bribery cases, the Organisation for Economic Co-operation and Development has warned. ...
Two major US technology firms 'tricked out of $100m' image
Source : BBC [Read Article] Wednesday 22nd of March 2017 01:39:49 PM
....Posing as an Asian-based manufacturer, Evaldas Rimasauskas tricked staff into transferring money into bank accounts under his control, US officials said. The companies were not named but were described as US-based multinationals, with one operating in social media. ...
Why denying refugees the right to work is a catastrophic error | Paul Collier and Alexander Betts image
.... Syrians, for example, are often skilled and well educated, and share a language with Jordanians. Crucially, international recognition of a regional refugee crisis creates a potential opportunity for the government of Jordan to appeal for the relocation of a number of multinational corporations to Jordan, for reasons that partly connect to corporate social responsibility and partly to core business interests. ...
Pound's jump unsettles London shares image
Source : BBC [Read Article] Tuesday 21st of March 2017 09:06:16 AM
....The London market has risen for the past four trading sessions in a row, notching up three record closes along the way. However, sterling's rise to its highest level since 23 February has raised worries about how it may hurt profits when London-listed multinationals repatriate profits back to the UK. ...
George Osborne is laughing at us as he takes his Evening Standard job | Aditya Chakrabortty image
.... It was an administration of bunglers, chancers and the shameless; it has done huge damage to the relationship between the political elite and the public. And at its centre was Osborne, the tactician-in-chief, the man who cut taxes on multinationals even while he lifted benefits off disabled people. ...
Student digs in Britain giving first-class returns image
Source : Guardian [Read Article] Thursday 16th of March 2017 03:40:59 PM
....One specialist developer of student accommodation laid on a golf day at a course just outside the resort town in the south of France to entertain wealthy prospective backers. While more traditional property assets have been hit by tax rises, more regulation and uncertainty surrounding Brexit, big investors including multinational investment banks and overseas pension funds have identified student housing as a goldmine that can generate big and predictable profits. ...
'Lots of nurses have already left': EU workers head for exit image
Source : Guardian [Read Article] Tuesday 14th of March 2017 12:26:28 PM
....The team spirit in the NHS was and is stimulating. However, it is mainly created by the multinational teams that have in common a love and dedication to their specialty and medicine in general. ...
We will all need a stiff drink to swallow Hammond’s austerity image
Source : Guardian [Read Article] Sunday 12th of March 2017 07:00:17 AM
.... The Treasury was developing an industrial strategy under the premiership of James Callaghan and chancellor Denis Healey in 1976-79, but this was abandoned by the Thatcher governments from 1979 and contemptuously dismissed as a failed policy of trying to “pick winners”. We now find that multinationals such as the French PSA Group taking over General Motors’ subsidiaries in Europe want assurances from HMG that, with Britain out of the single market, they can rely on a supply chain within the UK, supported by an accommodating industrial policy and decent infrastructure. ...
Government abdicating responsibility for social care, say providers image
Source : Guardian [Read Article] Tuesday 7th of March 2017 07:00:36 AM
....24 per hour. Care England’s members include independent care providers ranging from single care homes, voluntary organisations providing homecare, and multinational companies such as Bupa. ...
The oil deal, the disgraced former minister, and $800m paid via a UK bank image
....”. Asked about its intelligence-gathering operations, Shell said: “Like most multinational organisations, Shell takes the duty to protect its people, assets and commercially sensitive information seriously and hires those with the most relevant experience to join its corporate security team, including on occasion former government personnel. ...
Sick DPD couriers face £150 charge if unable to find cover image
Source : Guardian [Read Article] Friday 3rd of March 2017 07:39:12 PM
....Couriers who deliver parcels for Marks & Spencer, River Island and John Lewis face being charged £150 a day if they cannot find cover when they are ill. Drivers for the multinational company DPD, which also makes home deliveries for Amazon and Asos, told the Guardian the contractual threat meant they sometimes forced themselves to work when sick. ...
Dyson shrugs off Brexit fears with massive UK expansion plan image
Source : Guardian [Read Article] Tuesday 28th of February 2017 07:19:58 PM
....Dyson was one of the most prominent business leaders to publicly support Brexit before the referendum in June. His company has developed from a business specialising in bagless vacuum cleaners into a fast-growing multinational technology company selling bladeless fans, air purifiers, hand-dryers, hairdryers and robotic vacuum cleaners. ...
Will business rates hike be final chapter for high street bookshops? image
Source : Guardian [Read Article] Saturday 25th of February 2017 07:00:05 AM
....In a letter to David Gauke, chief secretary to the Treasury, the Booksellers Association said many bookshops will be crippled by rate increases and described the tax as “archaic”. It also criticises the lack of tax paid by multinational online retailers such as Amazon and called on the Treasury to give bookshops the special status of “community asset value” – reflecting the benefits they bring to the local area – which would allow them to qualify for a 20% discount on their business rates. ...
'The pips are squeaking!' image
Source : BBC [Read Article] Friday 24th of February 2017 09:44:16 PM
....Having a geographical spread has protected them, as commercial property prices vary across the country. "It must be fair that a small retailer in a market town pays less than a multinational on Bond Street," says Mr Shenton. ...
Ministers expected to soften impact of business rate changes image
Source : Guardian [Read Article] Tuesday 21st of February 2017 09:03:22 PM
....“But lots of small businesses are perfectly viable; they just can’t find half their rent again in business rates before all the other expenses. The business rates system probably worked fine in the late 20th century but it is out of date if multinationals like Amazon see their rates bill fall while small independent retailers see theirs rise. ...
Unilever to mount fierce defence against Kraft Heinz after rejecting £115bn offer image
....”. UnileverOwner Anglo-Dutch multinationalHeadquarters Rotterdam and LondonWorkforce 168,000 employeesChief executive Paul PolmanBrands Bertolli, Comfort, Domestos, Dove, Flora, Hellmans, PG Tips, Pot Noodle, Knorr, Marmite, Tresemmé , Vaseline, Lipton, Lynx, Persil, Sure, Ben & Jerry’s, Carte D’Or, Cif. ...
Driverless trucks: economic tsunami may swallow one of most common US jobs image
Source : Guardian [Read Article] Thursday 16th of February 2017 12:00:02 PM
.... Massive automated vehicles are already commonly used to move materials for the Australian mining industry. Daimler, the German multinational company, has likewise demonstrated its own model, a giant 18-wheeler with a “highway pilot” mode available (meaning a driver has to remain present, prompting the head of the US branch to say that “tomorrow’s driver will be a logistics manager”). ...
Nurofen maker acquires US baby food and Choco Milk company image
Source : Guardian [Read Article] Friday 10th of February 2017 09:57:31 AM
....Reckitt’s top brands at present are Durex condoms, Mucinex cough remedy and Dettol and Lysol cleaners. Adding baby food to its vast portfolio of household products will raise the company’s standing among consumer multinationals Unilever, Nestlé, Danone and Procter & Gamble. ...
'The UK is a tax haven' – Bermuda attacks plan to end financial secrecy image
....While Bermudian companies did not feature heavily in the Panama Papers, they have played a role in other financial scandals including Bernie Madoff’s notorious Ponzi scheme and more recently in fraudulent public offerings on the Singapore stock exchange. The mid-Atlantic nation is a major centre of tax avoidance, with Google and other multinationals attracted by a zero corporation tax rate. ...
Rolls-Royce faces civil service inquiry over UK state funding image
Source : Guardian [Read Article] Sunday 5th of February 2017 03:29:06 PM
....Civil servants are carrying out an internal inquiry to establish whether the engineering giant Rolls-Royce fraudulently obtained financial support worth hundreds of millions of pounds from the government. The inquiry was launched after the multinational manufacturer admitted last month it had used multimillion-pound bribes to secure export orders across the world over four decades. ...
Trump’s honeymoon with the stock market will soon be over | Nouriel Roubini image
....Fifth, Trump is questioning US alliances, cosying up to American rivals such as Russia, and antagonizing important global powers such as China. His erratic foreign policies are spooking world leaders, multinational corporations and global markets generally. ...
Brexit: weak pound threatens craft beer revolution, say brewers image
Source : Guardian [Read Article] Monday 30th of January 2017 12:33:32 PM
....Now drinkers, already asked to pay more than £5 a pint for some independent brews, are being warned that they may have to accept price rises or switch to cheaper mass-market brands. Unlike multinational beer companies behind such brands, which are not immune to the weak pound but spend relatively little on ingredients, craft brewers scour the globe for the best hops and malt, often preferring overseas varieties. ...
Drugs firms are accused of putting cancer patients at risk over price hikes image
Source : Guardian [Read Article] Saturday 28th of January 2017 02:54:55 PM
....5bn. The multinational Pfizer was fined £84m in the UK in December for conspiring with a generic company, Flynn Pharma, to raise the price paid by the NHS by 2,600% for an anti-epilepsy drug that came off-patent. ...
Marmite maker: it was right to increase prices after Brexit vote image
Source : Guardian [Read Article] Thursday 26th of January 2017 02:20:25 PM
. The Unilever boss has defended the multinational’s decision to raise the price of Marmite, saying many other suppliers have followed suit with price rises or by reducing the size of products in response to the weakening pound. ...
Nigerian oil pollution claims against Shell cannot be heard in UK, court rules image
....Shell welcomed the dismissal of the claims. Igo Weli, general manager for external relations at Shell Petroleum Development Company of Nigeria (SPDC), said: “The court rightly decided these claims should be dealt with by the Nigerian courts and confirmed longstanding principles of corporate law, which are critically important for multinational companies headquartered in the UK. ...
Brexit and Trump mean 'dangerous new phase' for Airbus, says boss image
Source : Guardian [Read Article] Tuesday 24th of January 2017 04:37:09 PM
....”. MPs also heard that multinational car manufacturers were already putting off investment plans in the UK while uncertainty reigns about what sort of trade deal the government might strike with the EU, and how long negotiations might take. ...
Trump didn’t kill TPP, the people did | Owen Jones image
Source : Guardian [Read Article] Tuesday 24th of January 2017 09:39:47 AM
....Progressives oppose trade deals like TPP because they cost jobs, shift wealth and power to large corporations, drag down workers’ terms and conditions in a race to the bottom and threaten democracy. TPP – like the hopefully fatally wounded Transatlantic Trade Investment Partnership – gave multinationals the ability to sue elected governments in secret courts for policies that threaten their profits. ...
Bernie Sanders supports Trump's TPP order while McCain criticizes opting out image
.... Sanders praised Trump’s decision, saying TPP is “dead and gone”. “Now is the time to develop a new trade policy that helps working families, not just multinational corporations,” Sanders said in a statement. ...
Trump withdraws from Trans-Pacific Partnership amid flurry of orders image
Source : Guardian [Read Article] Monday 23rd of January 2017 05:46:50 PM
....Like Trump, Democratic presidential hopeful Bernie Sanders had attacked TPP on the campaign trail, and on Monday he praised Trump’s decision, saying TPP is “dead and gone”. “Now is the time to develop a new trade policy that helps working families, not just multinational corporations,” Sanders said in a statement. ...
The new robot revolution will take the boss's job, not the gardener's image
Source : Guardian [Read Article] Sunday 22nd of January 2017 01:38:08 PM
.... In the first group were the really dumb ones: those who think that what happened in 2016 was an aberration and that globalisation will be back on track as soon as voters in advanced countries come to their senses. In the second camp were those – the policymakers rather than the chief executives of the big multinational corporations – who understand that the only way to save global capitalism is to reform it in a fundamental way, just as it was after the economic horrors of the 1930s. ...
Rolls-Royce sent agent to 'retrieve' document from India tax office image
Source : Guardian [Read Article] Friday 20th of January 2017 01:52:09 PM
....According to the statement of facts on corruption, which was put to the court by the SFO and Rolls-Royce, the individual – identified only as “Intermediary 4” in court documents – was the company’s agent on at least two major deals in India, including the sale of engines for BAE Systems Hawk aircraft in 2004. False accounting and conspiracy to bribe foreign officials in India were part of a series of admissions by Rolls-Royce, as Britain’s leading multinational manufacturer agreed to pay £671m in penalties to settle a long-running corruption investigation by the SFO and regulators in Brazil and the US. ...
Rolls-Royce lobbied ministers to weaken anti-bribery proposals image
Source : Guardian [Read Article] Thursday 19th of January 2017 06:19:54 PM
....The effort to dilute anti-bribery regulations was conducted under the leadership of Sir John Rose, the firm’s chief executive until 2011, who is facing calls from Labour to be stripped of his knighthood after the bribery settlement. Documents from a 2004 court case show how Rolls-Royce, in alliance with other multinationals, exerted pressure on the government to water down proposals that were intended to combat bribery. ...
Calls for ex-Rolls-Royce CEO to lose knighthood after firm admits bribery image
Source : Guardian [Read Article] Wednesday 18th of January 2017 07:48:18 PM
....Gardiner added that the regulators should ensure that all the individuals involved in corruption and bribery at Rolls-Royce should be held to account. The manufacturing multinational has been hit with the biggest criminal penalty in British history after being ordered to pay £691m in fines. ...
Rolls-Royce apologises in court after settling bribery case image
Source : Guardian [Read Article] Tuesday 17th of January 2017 01:29:50 PM
....The engineering giant Rolls-Royce has apologised after it was found to have paid bribes including a luxury car and millions of pounds’ worth of cash to middlemen to secure orders in six countries, including Indonesia, Russia and China. Britain’s leading multinational manufacturer made the admissions on Tuesday at the high court in London, a day after it was revealed that it would pay £671m in penalties to settle long-running corruption allegations. ...
Rolls-Royce to pay £671m over bribery claims image
Source : Guardian [Read Article] Monday 16th of January 2017 05:32:13 PM
. Rolls-Royce, Britain’s leading multinational manufacturer, is to pay £671m in penalties after long-running investigations into claims it paid bribes to land export contracts. ...
Eight men own more than 3.6 billion people do: our economics is broken | Mark Goldring image
.... Yet governments, anxious to defend their own corporate sectors and perceived national interests, have failed to adequately respond to companies’ use of tax loopholes, corporate power and new technology to avoid paying their fair share. Small, taxpaying businesses are forced to operate at a competitive disadvantage against multinationals, encouraging them to find their own dodges in a desperate effort to level the playing field. ...
The new retirement: how an ageing population is transforming Britain image
Source : Guardian [Read Article] Monday 16th of January 2017 08:07:13 AM
.... We have to encourage young people to move here if we’re going to survive,” said Hall. A not inconsiderable benefit of a workforce aged over 65 is the wealth of experience: Porlock Futures’ executive committee of six has an average age of 70 and boasts retired executive directors of FTSE 100 companies, multinational managers, and international consultants. ...
Parody-defying World Economic Forum must do better image
Source : Guardian [Read Article] Wednesday 11th of January 2017 07:33:53 PM
....It’s easy to sneer, of course. Some people return from Davos claiming to have been stimulated, and not just by the hospitality of the 120 (count ’em) sponsors, mostly multinational companies. ...
VW pleads guilty to emissions cheating image
Source : BBC [Read Article] Wednesday 11th of January 2017 07:14:26 PM
.... . "This wasn't simply the action of some faceless, multinational corporation," said deputy Attorney-General Sally Yates. ...
Malta accused of being tax haven as it takes EU presidency image
Source : Guardian [Read Article] Wednesday 11th of January 2017 08:00:14 AM
....Malta has been accused of being a tax haven, just as it takes the helm of the European Union in a critical year for the bloc’s crackdown on tax avoidance. The EU’s smallest member state helped multinationals avoid paying €14bn (£12. ...
Corbyn’s wage cap plan labelled unworkable but keeps pay on agenda image
Source : Guardian [Read Article] Tuesday 10th of January 2017 08:05:41 PM
....But, he said, Corbyn’s suggestion for a maximum pay cap was a “non-starter”. “Politicians simply do not know the right level of pay for the heads of multinational companies, and no successful economy operates with this level of intervention by government,” he added. ...
FTSE 100 marks record winning streak image
Source : BBC [Read Article] Tuesday 10th of January 2017 09:43:26 AM
....The news lifted shares in Tesco, which rose 6%. A weaker pound boosts the profits of the many multinational companies listed on the FTSE 100 when their foreign earnings are converted into pounds. ...
Pound falls to 10-week low after Theresa May's Brexit comments image
Source : Guardian [Read Article] Monday 9th of January 2017 07:17:23 PM
....21. However, the index of Britain’s blue chip companies hit a fresh high as multinational corporations that report large incomes in dollars saw their value rise. ...
FTSE 100 index closes at another record high image
Source : BBC [Read Article] Monday 9th of January 2017 09:35:43 AM
.... The latest boost came from a 1% drop for the pound against the dollar. A weaker pound boosts the profits of the many multinational companies listed on the FTSE 100 when their foreign earnings are converted into pounds. ...
The key to good customer service? Just do it image
Source : Guardian [Read Article] Saturday 7th of January 2017 07:00:12 AM
.... All evidently really believe in the long-lasting quality of their products. Many are family controlled, though we also came across corporate kindness at multinationals. ...
Dear Jeremy – your work problems solved image
Source : Guardian [Read Article] Saturday 7th of January 2017 06:59:12 AM
.... Two months after I started my area manager was made redundant and I ended up with his workload as well as my own. He was asked to leave after a multinational firm bought the company. ...
Productivity gap yawns across the UK image
Source : BBC [Read Article] Friday 6th of January 2017 12:13:07 PM
....Perhaps more interesting, is new research by the ONS into the efficiency of family-owned and run manufacturing firms. That found well-structured management practices were better among larger businesses, multinationals and family-owned businesses that were not managed by members of the owning families. ...
Trump's tweets keep US manufacturers on their toes image
Source : Guardian [Read Article] Wednesday 4th of January 2017 01:54:38 PM
.... “I’m going to do very restrained, if I use it at all,” he said in the same interview. However, he has continued to use Twitter during the transition period, taking aim at multinational companies as well as his political opponents and the media. ...
Robin Hood's Sherwood Forest faces fracking threat image
Source : Guardian [Read Article] Sunday 1st of January 2017 06:38:33 PM
....The latest battleground for the future of fracking in Britain looks set to be Sherwood Forest, the legendary home of folk hero Robin Hood and now the target of a seismic survey by Ineos. The chemical multinational, which relocated its headquarters back to the UK last month, appears to have agreed terms with the Forestry commission to start burying charges and spend up to two years using “thumper trucks” or vibroseis machines to search for shale gas. ...
Jean-Claude Juncker blocked EU curbs on tax avoidance, cables show image
Source : Guardian [Read Article] Sunday 1st of January 2017 01:14:31 PM
. The president of the European commission, Jean-Claude Juncker, spent years in his previous role as Luxembourg’s prime minister secretly blocking EU efforts to tackle tax avoidance by multinational corporations, leaked documents reveal. ...
London shares hit year's high at end of 2016 trading image
Source : BBC [Read Article] Friday 30th of December 2016 09:25:42 AM
....The FTSE 100 has benefited from the fall in the pound since the Leave vote, because the many international companies whose shares are traded in the UK tend to benefit from it. Profits earned abroad by multinationals such as drugs giant GlaxoSmithKline and major mining companies are worth more when converted into sterling. ...
Dozens of UK banks and financial firms 'looking at moving to Ireland' image
Source : Guardian [Read Article] Sunday 25th of December 2016 09:00:09 AM
....Shanahan said that while Ireland would try to make capital out of the UK voting to leave the EU, Brexit was not the outcome he or anyone else in Ireland favoured. He also said the IDA did not fear a Trump presidency would shut down American multinational investment into Ireland. ...
Brazil's Odebrecht fined at least $2.6bn for bribery image
Source : BBC [Read Article] Wednesday 21st of December 2016 06:10:49 PM
....The result, said the US Justice Department, was that Braskem obtained cheap deals when buying Petrobras materials, obtained contracts with Petrobras, and also gained sweetheart tax deals in Brazil. "These resolutions are the result of an extraordinary multinational effort to identify, investigate and prosecute a highly complex and long-lasting corruption scheme that resulted in the payment by the defendant companies of close to a billion dollars in bribes to officials at all levels of government in many countries," said US attorney Robert Capers. ...
MPs poised to investigate VAT fraud on Amazon and eBay image
Source : Guardian [Read Article] Wednesday 21st of December 2016 12:01:02 AM
....Parliament’s public accounts committee has previously played a central role in shining a spotlight on other tax scandals involving the likes of Starbucks, Google and Amazon. Its work has helped trigger international tax reforms as well as generating important evidence for European commission inquiries into alleged sweetheart tax deals for multinational corporations. ...
‘And the winner is...’ it’s the 2016 awards for worst customer service image
....It’s frequently claimed that big business skimps on customer service. Twelve months of reading through your woes proves otherwise, for the hours and ingenuity multinationals invest in customer experience are limitless. ...
Ireland to fight EU order to collect €13bn in back taxes from Apple image
Source : Guardian [Read Article] Monday 19th of December 2016 01:39:35 AM
....The centerpiece of Ireland’s argument is that Vestager should have confined herself to policing illegal state aid that gives an unfair advantage to a particular company, whereas the EU has launched an assault on a policy that Ireland has offered to all foreign companies locating on its soil. The benefits are obvious in Ireland, which has the fastest-growing economy in Europe driven by the exports of about 1,000 multinationals that employ 5% of the workforce and generate nearly a quarter of economic output. ...
Leak reveals Rex Tillerson was director of Bahamas-based US-Russian oil firm image
.... Currently, Sechin is forbidden from entering the country. This new revelation about Tillerson’s directorship sheds light on the use by multinational companies of contrived offshore structures, now under scrutiny following April’s massive Panama Papers leak. ...
I was hired as an assistant, but have ended up doing the job of a manager image
Source : Guardian [Read Article] Friday 16th of December 2016 10:15:37 AM
.... Two months after starting, my area manager was made redundant and I ended up with his workload as well as my own. He was asked to leave because our company has been purchased by a multinational. ...
Drugs firms face fresh questions after Actavis accused of 12,000% price hike image
....A week after US giant Pfizer was slapped with a record fine of £84. 2m for alleged unfair price hikes, the Competition and Markets Authority accused another multinational, Actavis, of ramping up prices for life-saving hydrocortisone tablets from 70p a pack as of April 2008 to £88 by March 2016. ...
Housing worries image
Source : BBC [Read Article] Thursday 15th of December 2016 12:28:11 AM
....Some are alarmed about the size of the debt. "We saw this in the US leading up to 2008," says Eric Schmidt, the chief executive of a Beijing-based multinational and a regular financial commentator on state TV. ...
Christine Lagarde in court over €400m payout to French tycoon image
Source : Guardian [Read Article] Monday 12th of December 2016 02:26:44 PM
.... But he was forced to sell his company shares after being appointed a government minister in 1992. Stéphane Richard, 55, is chairman of the multinational telecommunications company Orange, in which the French state is majority shareholder. ...
2016: the year Facebook became the bad guy image
Source : Guardian [Read Article] Monday 12th of December 2016 11:00:10 AM
....Nitin Pai, director of the Takshashila Institution, an Indian thinktank, and a critic of Free Basics, said: “Facebook and Mark Zuckerberg must take a long, hard look at what are the values it wants to strengthen or weaken in this world . Unlike other multinational firms that merely sell goods and services to people across the globe, Facebook enables connections among them. ...
Bermuda is world's worst corporate tax haven, says Oxfam image
Source : Guardian [Read Article] Monday 12th of December 2016 12:01:40 AM
....It said that though these practices, tax havens were distorting the global economy and depriving other governments of much-needed resources. The pressure to compete by offering tax incentives to multinationals costs developing countries $138bn annually, it said. ...
McDonald's to scrap Luxembourg tax structure image
Source : Guardian [Read Article] Thursday 8th of December 2016 05:11:31 PM
....McDonald’s and Luxembourg have denied suggestions the restaurant group received special treatment. Nevertheless, the US multinational has decided to unwind its Luxembourg tax structure. ...
Heard the latest Christmas story? It’s about how UK banks pay all their taxes | Prem Sikka image
.... For example, the UK House of Commons public accounts committee has accused the firm of promoting tax avoidance “on an industrial scale”. The LuxLeaks showed that PwC helped multinational companies secure at least 548 tax rulings in Luxembourg from 2002 to 2010 that may have enabled them to avoid taxes elsewhere. ...
Revealed: Rio Tinto's plan to use drones to monitor workers' private lives image
Source : Guardian [Read Article] Thursday 8th of December 2016 01:19:54 AM
. In the remote Australian outback, multinational companies are embarking on a secretive new kind of mining expedition. ...
Ikea Group plans €1bn investment in recycling companies and forests image
Source : Guardian [Read Article] Wednesday 7th of December 2016 02:30:51 PM
.... Inter Ikea now controls the group’s manufacturing facilities, its product design, advertising and distribution network so that Ikea Group is purely focused on stores. The deal comes as a raft of changes designed to block multinationals from aggressive tax structures come into force. ...
MPs warn of tax phone line 'collapse' image
Source : BBC [Read Article] Friday 2nd of December 2016 03:23:39 AM
....". The committee also restated its concern about the "unnecessary hardship and suffering" to tax credit claimants caused by HMRC's failed contract with private firm Concentrix to tackle fraud and error and urged greater transparency about the tax affairs of multinational corporations to ensure they "pay their fair share of tax". ...
'Disastrous decline' in HMRC customer service predicted due to cuts image
Source : Guardian [Read Article] Friday 2nd of December 2016 12:01:00 AM
....MPs said the tax authority is “staking a great deal” on the readiness of taxpayers to switch to digital to file their tax returns, and claimed it “lacks an adequate plan” to cope if demand at its call centres does not reduce as quickly as hoped. The committee called for greater transparency about the tax affairs of multinational corporations “to increase the pressure on them to pay their fair share of tax”. ...
Firms such as Kellogg's, Unilever and Nestlé 'use child-labour palm oil' image
Source : Guardian [Read Article] Wednesday 30th of November 2016 12:01:02 AM
....The human rights organisation traced a range of well-known products back to the palm oil company Wilmar, which it alleged employs children to do back-breaking physical labour on refineries in Indonesia. Singapore-based Wilmar counts multinational companies including Kellogg’s, Unilever, Colgate-Palmolive, Reckitt Benckiser and Nestlé among its major clients, according to Amnesty. ...
10 economic consequences of Donald Trump's election win image
Source : Guardian [Read Article] Monday 28th of November 2016 01:18:08 PM
.... As the US economy runs into the limits of full employment, additional growth will push inflation higher, but that bad news can wait until 2018 and beyond. Second, sensible tax reforms, such as an amnesty for multinational companies that repatriate foreign profits, will finally become law. ...
World trade hangs in the balance as Trump prepares plan of action image
Source : Guardian [Read Article] Saturday 26th of November 2016 04:00:35 PM
.... But it was put on hold following a rebellion by German MPs and disquiet in France over the use of secret courts to resolve trade disputes. Critics say the courts allow large, mainly US multinationals to sue governments when policy changes hit their profits. ...
Just about managing? In towns like Pontypool that’s a dream | Aditya Chakrabortty image
....After the heavy industry went, the future for south Wales was meant to lie in luring new business investment. Mark Hooper, a local social entrepreneur, terms it the “Welsh dowry”: the advance the Welsh elite gives to any multinational that promises to settle down with them. ...
Radical reform of tax system is needed, says Sage boss image
Source : BBC [Read Article] Monday 21st of November 2016 08:25:11 PM
....The head of the UK's biggest tech company says the government should conduct "a radical reform of the tax system" - including business rates. Stephen Kelly, chief executive of software giant Sage, says the tax system unfairly benefits multinationals over small entrepreneurs. ...
May obscures workers-in-boardrooms U-turn with verbal gymnastics image
Source : Guardian [Read Article] Monday 21st of November 2016 02:51:29 PM
....There is a fair argument that May’s original vision was unworkable anyway. Who is the “consumer” for a company like Rolls-Royce? Its direct customers like Airbus or Boeing, or people who fly on planes? For multinationals operating around the globe, could a single worker really have represented all interests?. ...
Asia leaders defend trade deals despite Trump stance image
Source : BBC [Read Article] Monday 21st of November 2016 01:41:01 AM
.... . During the campaign, Mr Trump called for greater protection for US jobs and said he would tear up the Trans-Pacific Partnership - the biggest multinational trade deal in years. ...

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