No Picture
Corporate welfare General

Many British farms not viable without EU support, says NFU

April 18, 2016

This is an important story on the potential impact of Brexit on British farmers. Agricultural subsidies may be trimmed, but they are as likely to be increased. Either way, farmers may not survive a Britain without generous subsidies […]

Corporate welfare General

Boots and the NHS…

April 13, 2016

A fantastic series by Aditya Chakrabortty on Boots. He carefully documents the ways in which Boots not only profits from general NHS prescriptions (fair enough) but how it has taken advantaged of other schemes that are used to […]

Corporate welfare General

Google and tax avoidance

March 27, 2016

Discussions about corporate tax dodging are picking up pace. The issue is clearly an international one – and according the OECD and EU have both launched initiatives to try to tackle corporate tax avoidance. The […]

Corporate welfare General

EU State Aid inquiry

March 27, 2016

EC State Aid probe into UK support for biomass plant  06/01/16 20:49 The European Commission is to investigate whether the UK’s plans to subsidise the conversion of part of a coal power plant to operate […]

Corporate welfare General

Corporate welfare and the British steel industry

March 27, 2016

BIS Select Committee criticises UK government of failing to protect British steel 22/12/15 02:48 The government is being accused of failing to respond early enough to warnings about a crisis in the steel industry, where […]

Corporate welfare General

Labour and corporate welfare….

March 27, 2016

Labour launches inquiry into the use of corporate tax reliefs 16/12/15 15:42 Labour have recently launched an inquiry into corporate tax reliefs. Seema Malhotra, the shadow chief secretary to the Treasury, gave a speech this […]

Corporate welfare General

British steel, competition and state support

March 27, 2016

British steel 12/11/15 07:26 The British steel industry is arguing that corporate welfare provided by China is rigging the market. The UK government has accordingly promised additional support to the industry, although this will take […]

Corporate welfare General

OFWAT, the water companies and corporate welfare

March 27, 2016

Corporate welfare for the water industry… 12/11/15 07:23 This from the FT reporting on a National Audit Office report into excess profits in the water industry. Overly generous regulations have boosted profits in the water […]

Corporate welfare General

Company accused of tax-dodging granted public money

March 27, 2016

AstraZeneca and its partners awarded £93m in grants 13/10/15 09:51 Today’s Guardian features Aditya Chakrabortty’s piece on tax avoidance and mentions my disclosure that AstraZeneca and its partners extracted over £93m in InnovateUK funding between […]

Corporate welfare General

AstraZenca accused of tax-dodging 

March 27, 2016

AstraZeneca accused of employing aggressive tax-avoidance measures in an investigation by the Guardian. The company featured in The British Corporate Welfare State. This is an extract: “Five months after AstraZeneca thanked the local MP [George Osborne] for […]

Corporate welfare General

Response to Jolyon Maugham

March 27, 2016

Jolyon Maugham’s post on his “Musings on Tax” blog discusses (misrepresents would be more accurate) The British Corporate Welfare State: Public Policies for Private Businesses. Kevin Farnsworth’s response is below My report on corporate welfare created quite a storm! […]

Corporate welfare General

Corporate welfare for the banks

March 27, 2016

Support to the banks ran at well over one trillion pounds at its peak… 18/09/15 14:55 This is a link to the National Audit Office’s estimates of the costs of support to the banks. It makes […]

Corporate welfare General

Is now really the best time to cut corporation tax?

March 27, 2016

Is now really the best time to cut corporation tax? 13/07/15 11:01 Kevin Farnsworth has written an article for the Guardian’s Comment is free strand, on the tensions between corporate and social welfare exposed in this […]

Corporate welfare General

Wage subsidies on the high street….

March 27, 2016

“Firms paying poor wages are the real benefit cheats” 04/07/15 16:20 Article by Patrick Collinson on low pay and wage subsidies at a number of large retailers, including Next and Tesco’s – http://www.theguardian.com/money/blog/2015/jul/04/firms-paying-poor-wages-benefit-cheats-tax-credits

Corporate welfare General

In-work benefits as wage subsidies

March 27, 2016

The real benefit cheats are the employers who are milking the system 26/06/15 14:15 Deborah Hor writes in today’s Guardian: “I really don’t know why the government is making such heavy weather of cutting £12bn […]