Top Tories demand simpler tax system as they step up to defend internet giant Google January 26, 2016 Leading Conservative MPs lined up to defend Google yesterday as the technology giant’s corporation tax bill came under fresh political scrutiny. “A corporation’s duty to shareholders will be to minimise its tax liability. It should be the duty of those making tax policy to find better ways to limit the elasticity,” Treasury Committee chair Andrew [...]
The Guardian falls into taxing spot on Google January 25, 2016 Of all the hand-wringing and outrage over Google’s £130m tax payment, some of the most vociferous has come from everyone’s favourite loss-making publication the Guardian. An opinion piece from firebrand Labour MP Margaret Hodge appeared on the paper’s website calling the gesture from Google “pitiful”, while resident cartoonist Martin Rowson published a doodle depicting George [...]
Ignore celebrities who moan about corporations January 25, 2016 The American writer Paul Theroux once observed that “there are probably more annoying things than being hectored about African development by a wealthy Irish rock star in an American cowboy hat, but I can’t think of one at the moment". It was 2005, and he was expressing a no-doubt commonly held frustration with Bono’s incessant posturing. [...]
City Moves for 25 January 2016 | Who’s switching jobs January 25, 2016 Cushman & Wakefield Global real estate services firm Cushman & Wakefield has recruited Derrick Bock as head of workplace strategy in Germany in the firm’s global occupier services EMEA team. With over 20 years’ experience in corporate workplace design, Derrick will focus on workplace strategy for clients in Europe, assisting multinational corporations to devise and [...]
Oil sector’s quick fix cost-cuts will be a big mistake – DNV GL January 25, 2016 The oil and gas industry is repeating the mistakes of previous downturns by resorting to short-term cost-cutting measures, according to a new report. 56 per cent of senior oil and gas professionals surveyed by technical advisor DNV GL think the industry is going the wrong away about addressing falling profits in a sustained period of [...]
Astbury Marsden warns City workers face bonus shock this year January 25, 2016 City workers are anticipating bumper bonuses this season, but recruitment experts have warned that they could be in for disappointment. Two thirds of employees are expecting a hefty bonus payout, according to a survey published by Astbury Marsden this morning. Yet the job specialist’s MD, Adam Jackson, added: “This optimism is being severely tested. The current [...]
Twitter to lose three execs as media chief, product VP and engineering head stand down January 24, 2016 Three Twitter executives will be stepping down tomorrow, at a turbulent time in the social media company's fortunes. Media head Katie Jacobs Stanton, product VP Kevin Weil and engineering head Alex Roetter are all departing the company, according to technology news website Re/code, citing sources. Neither Stanton nor Weil has secured a new job yet [...]
Davos 2016: An outlook as chilly as the setting January 22, 2016 So much for a fourth industrial revolution. It’s an inexorable law of the World Economic Forum that each year’s summit must be more crowded, expensive and pessimistic than the last. Whether it’s robotics, fintech or climate change, you can take your pick of this year’s buzz-themes – many dreamed up with the aid of handsomely [...]
City Moves for 22 January 2016 | Who’s switching jobs January 22, 2016 RateSetter Marketplace lender RateSetter has appointed Paul Marston as head of SME lending and Angela Yotov as head of legal. Paul joins from Secure Trust Bank, a challenger bank, where he was managing director of the business and commercial division which provides funding for SMEs and property development loans. Prior to that he was a [...]
ECB chief Mario Draghi sends dove to tame bear market by hinting at ramp up of stimulus package January 22, 2016 Mario Draghi went some way to taming bear markets yesterday by hinting that the European Central Bank (ECB) will ramp up its trillion-euro stimulus package as soon as March. The ECB chief said that, with “downside risks” increasing, it will be “necessary to review and possibly reconsider our monetary policy stance at our next meeting”. The dovish [...]
