The European Commission have already deemed favourable corporate tax deals to constitute corporate welfare. And investigations into Ireland’s deal with Apple and the Netherlands’ deal with Starbucks are ongoing. A recent report quoted the EU’s […]
Facebook and corporation tax 07/03/16 10:04 An interesting piece in the Conversation by Prem Sikka on Facebook’s corporation tax: Facebook looks set to pay more UK tax but it might not be as much as […]
UK banks are still receiving an implicit subsidy of £5.8bn a year according to a report produced by the NEF. The subsidy is often referred to as the ‘too big to fail’ subsidy which effectively […]
Interesting story about the support package provided to Sheffield Forgemasters (who some will recall was initially denied, but then provided with, support in 2010 by the coalition government (with heavy intervention from Nick Clegg). This […]
The chancellor’s ‘huge success’ in securing £130m in back taxes from the technology company raises a number of issues Source: Google’s tax deal with the UK: key questions answered | Technology | The Guardian
The Welsh Assembly will help to fund new investment in Wales by Car manufacturer Aston Martin it has been revealed. The value of the grant has not been disclosed, however, which is unusual. This from Carwyn Jones, […]
Corporate welfare and drugs companies 17/02/16 12:46 The cost of drugs and other medical equipment is of growing concern to both public health systems and private health insurance companies. Regarding the former, pharmaceutical companies can […]
RBS accused of taking £1bn in tax benefits linked to the film industry 17/02/16 12:42 Research carried out by Bloomberg claims that a number of companies were able to make billions from the use of […]
Subsidies for the oil industry… 13/02/16 11:34 Interesting piece in the Guardian by George Monbiot, discussing the perversity of subsidising the oil industry in order to protect profits during the slump in oil prices. He […]
The blog argues that: Over recent months, the UK oil industry has waged an all-out lobbying war for more tax breaks. They complain that they are suffering from the fall in oil prices, and they need help […]
£500m for the Scottish oil industry 29/01/16 11:49 The UK and Scottish government’s today announced funding of more than £500m in order to support the ailing oil industry. The money will be used to improve […]
Privatisation bonanza for private companies.. 28/01/16 18:40 piece in the Guardian today about cut-price privatisations which brought large cash benefits to a number of private sector companies. This is an extract: The government has been accused […]
European Commission accuses Luxembourg and the Netherlands of granting state aid through corporate tax deals 27/01/16 13:53 The European Commission has ruled that Luxembourg and the Netherlands have provided “selective tax advantages” for Starbucks and Fiat […]
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 the form of assistance […]
Sajid Javid (Secretary of State for Department of Business, Innovation and Skills) made a speech to the HOC today outlining how the government planned to assist with the managed liquidation of SSI and reduce the impact […]
Source: How governments are helping big companies pay less tax
Reponse to Giles Wilkes, Financial Times. 01/10/15 11:29 Response to £93bn of corporate welfare? What nonsense The whole purpose of my paper on corporate welfare was to trigger a debate and, insofar as Giles Wilkes has […]
The cost of drugs and other medical equipment is of growing concern to both public health systems and private health insurance companies. Regarding the former, pharmaceutical companies can push up the price of drugs in […]
Nissan announces £100 million investment to build the next phase of its Nissan Juke in Sunderland. Source: Major boost to UK car industry – News stories – GOV.UK
Corporate welfare in Parliament… 07/07/15 16:23 Richard Fuller (Bedford) (Conservative): Working tax credits are in effect a form of corporate welfare for employers who could pay higher wages, especially if tied to increased skills….
An interesting blog on the tax contributions written by Geoff and J. Gay Meeks made by the banking industry. It follows in the wake of corruption in the banking industry after the massive bailouts (e.g. with regard to libor rate fixing […]
Direct aid, subsidies, tax breaks – the hidden welfare budget we don’t debate 07/07/15 10:51 Aditya Chakrabortty writes in the Guardian: “The term “corporate welfare” may sound unfamiliar to some. In the Westminster thesaurus, welfare appears […]
Corporate welfare: the £93bn handshake 07/07/15 10:53 The Guardian”s front page lead today is based on a recent report written by Kevin Farnsworth.
Billionaire Elon Musk’s business success is bolstered by $4.9 million in corporate welfare, according to an investigation conducted by The Los Angeles Times. The government support is so significant that The Times goes so far as […]
Article by David Walker on the costs of outsourcing… 27/05/15 14:44 Outsourcing can often increase public service costs, not cut them…. If the Tories wish to upgrade public services, not just cut them, they will […]
Copyright: Corporate Welfare Watch 2017