Topic: British Treasury
Starbucks, Google, and Amazon were among the major multinational corporations accused by lawyers of exploiting British tax laws to move UK-made profits overseas. Starbucks announced it is reviewing its tax practices in a bid to restore public trust.
Alistair Darling, the head of the UK Treasury, said Wednesday that a 50 percent tax will be levied on bank bonuses paid to execs. It will prove politically popular, but is unlikely to change the bonus culture.
12/09/2009 12:00 am