Social Justice

How ActionAid exposed tax dodging by brewing giant SABMiller

This week, ActionAid has exposed how the British brewing giant SABMiller, owner of Grolsch and Peroni, is dodging its taxes around the world. We found evidence that the company is systematically shifting the profits it makes in Ghana, Tanzania, Mozambique, Zambia, South Africa and India, into tax havens.

Big business oppose cuts – to greenhouse gas emissions

Big business is supportive of many of the public service spending cuts. But UK companies, and the business associations that represent them, are lobbying hard to delay cuts in another area where they could make a positive difference: greenhouse gas emissions. Europe-based companies, including BP and Eon, have been systematically supporting members of the Senate who obstruct action on climate change and these links were revealed in a recent report by Climate Action Network Europe.

Don’t bank on reform

Much like the royal wedding announcement was a fantastic opportunity to bury any unpopular government decisions, the crisis in Ireland is working a wonder to obscure the fact that the coalition government is kicking legislation on disclosing bankers’ pay firmly into the long grass. Today it was finally made clear that despite internal disagreement on the issue the coalition would not be pursuing legislation to reveal the current level of bankers bonuses.

Will the government drop bankers’ pay legislation?

The Labour government in response to the public outrage on bankers’ pay promised to increase transparency by introducing legislation that would force banks to reveal the pay of their top earners. It wouldn’t name and shame but it would, for example, show how many people were earning more than £1 million or more than £10 million in any one bank.

Now the coalition wants to cut its meagre bank levy

So much remains in doubt on bonuses. But what we know for sure is that the Treasury’s entire bank levy revenue estimates between 2011-2014 were made when bonus payments were anticipated to be higher than they had been in 2008. And the idea that the banks should be offered another sop when they should be paying for the mess they created simply demonstrates where this conservative coalition’s priorities lie.

Public unaware of just how much those at the very top are paid

Today is the official launch of an independent inquiry into high pay. The aptly named High Pay Commission has been established by Compass and is supported by the Joseph Rowntree Charitable Trust. To mark the launch the commission conducted private polling with YouGov which had some remarkable results.

Coalition gives up on tackling bankers’ bonuses as 2010 total set to hit £7bn

It’s hardly a surprise, but the coalition has decided that it has done as much as it intends to tackle excessive bankers’ bonuses, even at a time when small businesses continue to suffer as banks refuse to lend. Most banks will not pay out their bonuses for 2010 until February 2011 but the Treasury minister Lord Sassoon’s declaration in the House of Lords this week indicates the government is satisfied that its ‘work’ on City bonuses is complete.

Farage is a “control freak” says fellow UKIP MEP

The front-runner in the UKIP leadership contest, Nigel Farage MEP, was on the receiving end of an astonishing attack from a fellow UKIP MEP today, who criticised Mr Farage for being a “control freak” and damaging the party by monopolising power.