For decades now massive corporations have been establishing subsidiaries in the Caymen Islands where the corporation tax rate is 0%. This has two effects, firstly more profit, hence higher share price and more bonuses for board members. Secondly it means that tax revenues are substantially lower than they should be. This gap has been made [...]
With all the talk of ‘Green Shoots’ you would be expecting something pretty good from the world second largest sports goods maker. Well you would be wrong. How about a 97% fall in profits? Down from 169m Euros to 5m Euros. I mean 5m euros? Is it even worth running this business for a measly [...]
For some reason there has not been a civil war over the bank bailouts . I cannot understand why, it has been made clear that we have been saddled with a generation of debt and higher taxes. It is generally understood that what the bankers have done is fraudulent and criminal. So why, no riots?
You [...]
