What the Sunday Papers said
Monday 19 May 2014
The Independent on Sunday: MPs ‘barking up the wrong tree’ on Pfizer bid
A tax expert fears the US firm may have secret plans to move AstraZeneca’s drug trademarks – which include cancer and diabetese drugs – out of Britain to cut its tax bill after buying the UK firm. Moving to a jurisdiction such as Luxembourg would see the firm copying the tax structure used by Amazon.
The Sunday Times: Americans line up £10.5bn grab for Boots
Walgreens drugstore chain is examining a takeover of Britain’s biggest chemist, in the latest deal to be driven by tax flight from the US. The move would see Walgreens take full control of Alliance Boots and move its tax domicile to Britain or Switzerland to save billions of pounds a year.
The Sunday Telegraph: Marks & Spencer bids to soothe investors
Marks & Spencer chief Mark Bolland will reveal plans to boost shareholder returns and focus on improving profit margins when he announces a third year of declining profits this week. The clothing and food chain is expected to report a 8 per cent fall in pre-tax profits to £615m.
- 1 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Drugs Live cannabis trial: Hash is less harmful than any other drug, expert claims
- 4 Turkish Airlines flight TK 726 crash-lands on Nepal runway amid dense fog
- 5 Apple and Google users being spied on for a decade because of 'Freak' security flaw
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Boris Nemtsov shot dead: Outspoken Putin critic who had expressed fears for his life is killed near the Kremlin
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