Prem Sikka
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We may see more Carillion-style collapses and it’s because of this outdated financial model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.