Taxpayer risks losing 1billion under Osborne plan to bribe workers into giving up their rights Employees urged to sacrifice rights in return for shares in their firmChancellor offered tax break on profits to encourage take upOffice for Budget Responsibility says it could cost 1billion by 2017-18Institute for Fiscal Studies condemns 'lollipop' at a time when ministers condemning other tax avoidance | UPDATED: 16:07 GMT, 11 December 2012 Giving workers shares in their companies in return for losing some employee rights could cost 1billion, it emerged today.
Osborne targets big business as Britain is robbed of 32billion taxChancellor George Osborne will try to bring forward a 10billion clampdown on tax avoidance by multinationals and the richThe Commons Public Accounts Committee has accused HM Revenue and Customs of being 'way too lenient' on big companies | UPDATED: 00:13 GMT, 3 December 2012 Front foot: Chancellor George Osborne will bring forward a 10billion clampdown on tax avoidance by multinationals and the rich Ministers must ‘get a grip’ on the immoral behaviour of corporate giants contributing to Britain’s astonishing 32billion tax shortfall, MPs warn today.
No, Mr Tubby Tycoon, dodging your tax tab is NOT a jolly clever wheeze | UPDATED: 00:37 GMT, 2 December 2012 Toughening up: The Government has said it wants to do more to combat tax-avoidance scheme which are estimated to cost the UK billions every year in lost revenue The Government, pressured by the Liberal Democrats, appears intent on tackling tax avoidance. Revelations about the lengths individuals and corporations go in order to avoid paying their fair share have reminded me of an evening in 2008 that I spent on the same dinner table as a minor-league oligarch. We were at a French film festival and this gentleman spent a long time boasting how he'd jetted in privately from Moscow.
U.S. Navy 'stealth drone' takes to the sea for tests: The autonomous X-47B is hoped to be first carrier-borne unmanned aircraftThe drone will be the first to be piloted entirely by artificial intelligenceTests hope to prove it can take off and land from an aircraft carrierIt has a claimed range of 2,000 miles and flight time of six hours | UPDATED: 18:50 GMT, 29 November 2012 A stealth drone set to be the world's first unmanned, robot aircraft piloted by artificial intelligence rather than a remote human operator has taken to the sea for tests.
Tax-scrimping exposed: 'Immoral' Amazon paid just 1.8m to Treasury despite making 3.35 BILLION in sales in the UK Online giant admitted making 3.35bn in sales in Britain last year – much higher than the 207m figure that it previously showed in its UK accountsTrue extent of tax-scrimping exposed after Amazon was grilled by MPsDisproportionate payment, branded 'immoral' comes at time of austerity | UPDATED: 07:47 GMT, 28 November 2012 Amazon, the online giant was forced to reveal it paid just 1.8m to HMRC despite making 3.35 billion in sales in Britain The full extent of Amazon’s tax avoidance was laid bare last night after the online giant was forced to reveal it paid just 1.8m to HMRC despite making 3.35 billion in sales in Britain. The official figures amounted to a miserly 2.4 per cent tax rate which the company paid on its UK profits – details which it had been pleading to keep secret. Amazon had for years refused to disclose the closely-guarded numbers claiming they were ‘commercially sensitive’.
Generous Labour donor causes embarrassment for Ed Miliband as it emerges that he saves 13million using tax haven Peter Coates has donated 300,000 to the Labour party in the past decadeHe has built a 700million fortune on the back of betting site bet365But, a third of its profits come from a subsidiary based in GibraltarBetween 2009 and 2011, company paid 10% corporation tax, saving 13million | UPDATED: 00:42 GMT, 25 November 2012 Ed Miliband faced embarrassment in his crusade against tax avoiders last night after it emerged a key Labour donor has saved millions of pounds by running online gambling from a tax haven. Peter Coates, chairman of bet365, has donated 300,000 to the party in the past decade, including 10,000 to Mr Miliband this year.