It’s time to derail the tax gravy train! How three tech giants pay just £10m in corporation tax between them – less than half the bill for homegrown firms like WH Smith (SMWH). Amazon, Facebook and Airbnb paid £6.8m combined, according to documents. This is despite their global valuation of more than £1 trillion between them. Meanwhile, WHSmith, which generates a £140m profit, has a tax bill of £24m
Give us say on Unilever (ULVR) move: Marmite-maker is blasted by shareholders for its ‘complicated’ ballot on abandoning its UK HQ for the Netherlands. Criticism of the way the Unilever vote is being carried out grew last night. Wealth manager Brewin Dolphin warned it is far too complicated. The firm is planning to axe its UK HQ and base itself solely in the Netherlands
Sir Martin Sorrell lambasts his old firm WPP (WPP) for being ‘close to negligent’ for selling its stake in marketing software firm Globant. The 73-year-old, who was ousted after allegedly paying a prostitute with company money, which he denies, attacked WPP for selling its stake in marketing software firm Globant. And he claimed that no one else would be able to replace him at the helm of WPP, which be built from nothing into the world’s largest advertising agency over three decades.
Elon Musk has been forced to quit as Tesla’s chairman to escape fraud charges over an incendiary tweet about taking the firm private. The billionaire, who will stay on as chief executive at the electric car maker, has been told that his Twitter account must be vetted by Tesla.
