Economic issues of the world
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Tax havens hit back at G8 pressure

Tax havens hit back at G8 pressure | Economic issues of the world | Scoop.it

The Isle of Man and Jersey hit back at accusations that they aid tax evasion and avoidance ahead of next week's G8 summit.

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Airbus expansion creates 3,000 jobs

Airbus expansion creates 3,000 jobs | Economic issues of the world | Scoop.it

300 new jobs are being created by Airbus at its plants in Flintshire and Bristol and an additional 3,000 across other parts of Europe.

Tim Adams's insight:

This is a good example of Foreign Direct Investement as airbus, which is French, is investing in the UK even though both France and the UK are part of the EU. It should be very beneficial to the host nation however there are factors which may alter these benefits. Firstly, it may just mean that it uses up the resources of the UK meaning that output of other industries may be forced to fall.

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Vodafone pays no UK corporation tax

Vodafone pays no UK corporation tax | Economic issues of the world | Scoop.it

Yet another large Multi-national Corporation, Vodafone, has paid no UK corporation tax in 2012. These days it is not surpring given the vast number of companies in the press lately for commiting the same actions.

Tim Adams's insight:

This is not only immoral and unethical but is also very unfair on the smaller companies that exist in the world as they are supposed to compete against comapnies not paying any corporation tax. It makes it impossible for such firms to be able to match their prices with the large corporations thus meaning they cannot compete on price so many are forced to close down. 

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