Archive : Category

How Global Audit Firms Are Using Their Lobbying Clout to Dilute Sarbanes-Oxley Reforms

xThe dirty world of tax evasion and avoidance involves all sorts of unpleasant and anti-social characters, none more so than the professional enablers who devise avoidance schemes, market these schemes to their clients, lobby governments for special treatments and permissive laws, and generally play the role for tax dodgers that Tom Hagen played for The Godfather.

Research shows UK’s Finance Curse grip tightening in next five years

Graphic: Guardian newspaper. Date sources: Office of National Statistics and Trade Unions Congress

Graphic: Guardian newspaper. Date sources: Office of National Statistics and Trade Unions Congress

Britain’s Trade Unions Congress has published projections showing the increasingly unbalanced growth of the UK economy.  As you can see from this map, economic activity is skewed in the direction of England’s south-east region, which includes London. It’s forecast to produce 40.1 percent of the UK’s gross domestic product by 2022.  Given the importance of the City of London’s offshore financial centre to the region, this is a vivid demonstration of the Finance Curse in action.

Back to Top