Prime Minister Gordon Brown has said he is keen to introduce tighter
restrictions on the use of tax-havens by multi-national companies after meeting
with EU heads of state.
‘We want the whole of the world to take action. That will mean action against
regulatory and tax havens in parts of the world which have escaped the
regulatory attention they need. The changes we make will have to apply to all
jurisdictions around the world,” Brown has said.
Tax havens are popular among multi-nationals as they seek to circumvent
administrative costs and red-tape associated with paying tax in developed
Brown has promised to raise the matter with other world leaders during the
G20 summit in London in April.
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up