Cable calls for tax crackdown in UK
British business secretary Vince Cable said he understood public anger over large companies that avoid paying tax in the UK and urged a further crackdown by the revenue authorities.
"It's completely unacceptable where there's systematic abuse taking place," he said. At a UK parliamentary hearing last week, executives from Starbucks, Amazon and Google came under fire for using complex accounting methods to reduce their tax liabilities in the UK.
Dotcom 'not to blame' for piracy
Kim Dotcom, wanted in the US on charges his internet firm, Megaupload.com, orchestrated the biggest copyright infringement in that country's history, says it was never his responsibility what users did with content.
"You can't blame me if people upload something to a website we have created for online storage," he said. He was arrested in Auckland in January after he and the company were indicted in the US on charges of generating more than $175m (€137m) in criminal proceeds from the exchange of pirated files.
Sales at John Lewis rise 7.6pc
Upmarket British department store operator John Lewis said sales in the week to November 17 rose 7.6pc on the corresponding period last year as it gears up for the Christmas season.
It said sales in the week totalled £91.7m (€114.3m).
Calls for Europe to invest €2trn
THE Confederation of German Trade Unions wants Europe to invest €2 trillion over the next 10 years to help fight recession, according to the head of the group, Michael Sommer.
The confederation, called DGB in Germany, said wealthy individuals should join consumers and workers in financing the investments.
CIF urges review of contract system
THE Construction Industry Federation (CIF) has called on the Government to undertake a review of the public construction contract system.
The contract system is supposed to ensure that, in return for a fixed payment, detailed projects the Government is undertaking would be outlined to construction companies in order to keep control of costs. According to CIF, the detailed plans are not being provided.