Six ways the UK’s financial regulation system is a protection racket for the elite
Regulators and government keep covering for large corporations’ failures. After yet another stitch up, accounting expert Prem Sikka is calling it out.
Prem Sikka
Multinational companies are using this loophole to avoid millions in corporation tax
By overloading balance sheets with debt, companies claim tax relief on the interest payments and then shift profits offshore. Here’s how.
Corrupt and ineffective regulation means financial scandals are all but inevitable in the UK
The Financial Reporting Council responsible for regulating accountants and auditors has deep conflicts of interest at its core.
If Labour wants to end PFI, the deals need to be carefully unpicked. Here’s how to do it
In some cases the cost of PFI borrowing has been more than four times the cost of government borrowing.
Failing to pay the minimum wage is theft — bosses doing it should be prosecuted
Large, high street companies persistently underpay their staff. We need strong new measures for tackling this exploitation.
The Tories want to enhance non-dom status — it’s a colonial relic and should be abolished
The government are seeking to give further concessions to Britain’s wealthy elite who hide their money abroad.
The government’s proposals will do little to check fat-cattery or improve corporate governance
Fat-cats have no shame and shareholders have no long-term commitment to any company. New measures won’t work.
Here’s how to prevent another BHS-style crisis
A key BHS figure is finally being prosecuted – but the whole system needs reform to prevent another BHS-style scandal, argues financial expert Prem Sikka.
Only corporate democratisation can stop the growing polarisation of pay in UK
Companies should have a two-tier system of corporate management, a new board of stakeholders balancing out the power of the shareholders.
‘Those who do not learn history are doomed to repeat it’ – Are you ready for the next crash?
Ten years on from the financial crisis of 2007, not a lot has changed.