Another one bites the dust: Panasonic set to move HQ to Amsterdam

Panasonic has become one of the first global companies to lay the blame of a decision to move their headquarters to Europe directly on the doorstep of Brexit. The Japanese technology giant announced today that it will move its European headquarters from the UK to Amsterdam in October as Brexit approaches. The aim is to avoid potential tax issues linked to the UK's decision to leave the EU, said Panasonic Europe's chief executive Laurent Abadie. It comes as several other...

Modern consumers have developed a “I want it now” attitude

Modern consumers have developed a ‘want it now’ attitude – thanks to online shopping and social media, a study has found. As it becomes easier than ever before to get something within days - or even hours - of making a purchase, more than one in five admit they want instant gratification. One in 10 would expect an online order to arrive no later than the next day with some impatient shoppers not happy unless they can get what they...

No deal papers paint bleak outlook for British businesses

Businesses can expect a lot more red tape, extra bureaucracy and additional costs in the event of a no deal, the government’s initial papers reveal. Dominic Raab presented the first 24 of 80 papers prepared by the government to explain plans that would mitigate the impact of a no deal Brexit. The papers contain a host of new regulatory regimes, doubling up of registration and extra processes for British business and consumers. Before importing goods from the EU businesses will...

Employers now favour experience over university degrees

Employers now favour relevant apprenticeships or experience over university degrees, a study has found. Researchers who polled 1,000 decision makers found 49 per cent prefer to see experience from a relevant apprenticeship or previous position on a candidate’s CV. Just 24 per cent said they would be more likely to take on someone who had a relevant degree qualification. The study was carried out by AAT (Association of Accounting Technicians) ahead of A Level results day on Thursday August 16th....

Outrage from devastated High Street as Amazon pays less tax in UK despite profits tripling

There has been an outcry after news emerged that the tax delivery giant Amazon pays in the UK has fallen despite profits almost tripling. Amazon’s turnover was nearly £2 billion in the UK and its profits leapt. Yet the internet delivery giant’s taxes fell, partly due to being able to pay some of the staff in shares. Amazon UK’s taxes fell to just £1.7 million last year, down from £7.4 million in 2016. Billionaire Jeff Bezos's company says it pays...

Amazon public service contract “a joke”

If Amazon really wanted to help our public services, they'd pay taxes properly and treat their workforce better says GMB Union GMB, Britain’s general union, has branded Amazon’s £600million public sector deal ‘a joke’ The internet giant has secured a contract to sell everything from paper clips to bandages to Yorkshire’s schools, social care providers and emergency services. Amazon signed the five-year deal with Yorkshire Purchasing Organisation (YPO), a procurement body owned by local authorities which helps to drive the...

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