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LIKE many, I wish Scotland could put Westminster’s politics behind it. But, right now it can’t. Given that when Westminster decides that austerity is to be the order of the day then Scotland is going to suffer, whatever the Scottish Government desires. And right now austerity looks to be coming our way again, very soon. We know that because of the UK Government’s decision on education catch up . This, of course, does not affect Scotland directly, because education is devolved. The SNP can seek to do better than provide just 10% of the required funding in that case. But, it’s the reason why Rushi Sunak refused Boris Johnson the spend that he wants that matters to Scotland now. ....
Last modified on Tue 1 Jun 2021 06.41 EDT A proposal to be tabled by the US president, Joe Biden, at the upcoming G7 meeting for a 15% global corporate tax rate could reap the EU €50bn (£43bn) a year, and earn the UK nearly €200m extra alone from the British multinational BP, according to research. Should the tax rate be set higher at 25%, the lowest current rate within the seven largest world economies, the EU would earn nearly €170bn extra a year – more than 50% of current corporate tax revenue and 12% of total health spending in the bloc. Q&A Show Multinationals exploit gaps and mismatches in the international tax system through a technique known as “profit-shifting”. This involves artificially allocating sales derived in one country to a lower-tax country. One of the ways this is achieved is by companies setting up a subsidiary in a tax haven and registering their intellectual property there. That entity then charges the company’s subsidiari ....
Don’t expect transparency from a government run by WhatsApp Iain Overton (Video by Dailymotion) Editor s note: The opinions in this article are the author s, as published by our content partner, and do not represent the views of MSN or Microsoft. Earlier this month, the Mail on Sunday ran an article that caused quite a stir: there was a hunt on “for a Redthroat mole at the heart of the government”. The columnist Dan Hodges claimed that, after the Cameron-Greensill lobby affair, Labour shadow ministers had received so many leaked texts “it was as if they had been sitting in the Treasury themselves”. ....