Prem Sikka explains how a company can make billions in profit, but book a loss at the end of the year, thus paying no taxes.
Read here
Prem Sikka: Here’s how Caffe Nero made £2bn in sales but didn’t pay a penny in corporation tax
Geopolitics
Middle East Eye: UK’s Labour ‘backtracks’ on decision to drop objection to ICC arrest warrants
Earlier reports suggested the UK would drop its objection to an application for warrants targeting Israel’s PM Benjamin Netanyahu for war crimes. Read HERE
Finance
Julia Conley – US Court Rules Google a Monopoly in ‘Biggest Antitrust Case of the 21st Century’
A significant verdict, but will it really bring Google to heel? In ‘Common Dreams’. Read the article HERE.
Climate Crisis
Bloomberg: Exxon’s Plan for Surging Carbon Emissions Revealed in Leaked Documents
Internal projections from one of world’s largest oil producers show an increase in its enormous contribution to global warming Read here
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