Amazon managed to halve its corporation tax bill in the UK by paying its employees partially in shares.
Corporate welfare General

How Amazon Got Away with Halving its UK Tax Bill

August 10, 2017

Amazon is in the news yet again — this time for halving its corporation tax bill paid to HMRC. Despite a turnover in 2016 of £1.46 billion, which represents a doubling over the previous year, […]

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CW News Archive

Corporate Welfare Lures Foxconn to the US

July 29, 2017

The Guardian reports that Foxconn received an estimated $3 billion in subsidies from the state of Wisconsin in support of its plans to build an LCD screen manufacturing facility there. Read more here: Foxconn’s $10bn […]

UK government set to invest hundreds of millions in battery technology for electric vehicles and renewable energy.
CW News Archive

UK to Invest £246m in Battery Technology

July 24, 2017

The Guardian reports that the UK has plans to invest £246m in battery technology as part of its new industrial strategy. It is expected that most of the funding will go to the automotive and […]

Follow the money

Government Announces £29 Million Pounds for Bioscience

April 11, 2017

The Business Secretary Greg Clark announced on April 11, 2017, funding of £29 million to support the work  Roslin Institute, University of Edinburgh. This Department of BEIS added that this investment is part of a larger […]