The Big Four accountancy firms have long pushed tax avoidance. It’s time for regulation
Complex tax dodging schemes by the ‘Big Four’ are constantly being thrown out by the courts. But why is nothing done to penalise them?
Prem Sikka
The hostile takeover of GKN shows that the Tories’ industrial policy is in disarray
Shareholders wield far too much power over our economy. The hostile takeover of GKN shows it’s time workers were at the table.
Don’t believe their latest piece of spin – the Tories will never reform our rotten corporate culture
The government’s latest green paper tries to give the impression of a strong response to a tide of corporate abuse – don’t hold your breath.
Carillion collapse: here’s how much corporate undertakers could make from the liquidation
The failed company’s liquidators – who already took £21m for advising the firm – could take hundreds of millions in fees.
Here’s how Caffe Nero made £2bn in sales but didn’t pay a penny in corporation tax
Professor of accounting Prem Sikka untangles the maze of company structures that have allowed the business to avoid tax for years.
This decision will make a mockery of EU claims to be tackling tax havens
It’s time for the EU to deal with the fallout of the Paradise Papers – and take on the tax havens in its own back yard.
Revealed: How a private equity takeover contributed to Maplin’s demise
The ‘investment’ model Rutland used to buy out Maplin raises serious questions about the role of private equity firms in the UK.
Corporations rely on a healthy functioning society but think they shouldn’t have to pay for it
And acting on this neo-liberal view, the Tory government are all too happy to cut their taxes.
We may see more Carillion-style collapses and it’s because of this outdated financial model
Like companies the world over, Carillion used Black-Scholes to value securities – a highly risky piece of maths vulnerable to market crashes.
A crisis is building around employee pensions and the government are ignoring it
Carillion is just the latest company to jettison its pension liabilities whilst its directors and shareholders make off with the assets.