News

Olympus paid $2 billion (£1.3 billion) for Gyrus and ran up the world’s biggest takeover advisory fee

Here's a solution: It's time for a global companies to pay a Global Profit Tax

The cascade of revelations in recent months showing multinational companies doing a huge amount of business here and yet paying virtually no corporation tax has provoked widespread public demands for something to be done. But people tend to be rather hazier on what that "something" should be.

Osborne has paid lip service to tackling tax havens, but when will the hard work actually start?

Ten of the world’s tax havens are UK-linked territories - the British Overseas Territories and Crown Dependencies. The clue is in the names.

The Cayman Islands in the Caribbean has a reputation as a tax haven

Truth and lies in the Cayman Islands: Tax haven’s former police chief calls for corruption inquiry documents to be released

For the career diplomat nearing retirement, there are worse postings than the Cayman Islands.

'Barely fit for human habitation': Shocking standards at Cayman Islands jails revealed in new report

Jails run in the name of Her Majesty's Prison Service on the Cayman Islands are “barely fit for human habitation”, UK inspectors have found.

The Saturday Quiz answers

1. Birds: written by Eric Partridge; written by Stephen Crane; built by Christopher Wren; performed by Lieutenant Pidgeon.

The Cayman Islands: A place that has sold its soul to finance, but where nothing much tends to happen

The Cayman Islands is a curious place. More than most islands it is insular and inward looking. Proud, but a little defensively so.

EADS inquiry into Saudi bribe claims

EADS has launched an external, group-wide investigation into its anti-corruption practices as the European aerospace company admitted for the first time that it had failed to react quickly enough to a whistleblower's claim that its UK unit paid bribes to secure contracts in Saudi Arabia.

A view of Old Trafford

Manchester United fans demand full flotation of club by Glazer family

The Manchester United Supporters Trust have called on the Glazer family to launch a full flotation of the Old Trafford outfit, amid reports that their planned initial public offering (IPO) launch in New York has been shelved.

Mitt Romney so far has only released tax returns for 2010

Romney booed for attack on Obama at black rally

Mitt Romney received a rough reception from members of the NAACP, the country's oldest black civil rights organisation, yesterday, which erupted into boos and shouts of disapproval when he said he meant to overturn Barack Obama's healthcare reforms.

Mitt Romney so far has only released tax returns for 2010

Where's Mitt Romney's money? The offshore search is on

Obama's team has seized on Romney's apparent failure to fully disclose his holdings

Anthony Hilton: NYSE chief’s clouded view of transparency

Americans don't do irony, which is a pity because on Thursday Duncan Niederaurer, the personable head of NYSE Euronext, the parent organisation of the New York Stock Exchange, delivered a blast against the automatic trading platforms that are pinching so much of the business of the established stock exchanges.

Simon English: Investors will get few kicks from Man Utd float

Outlook Other than to acquire a certificate to frame and stick on the wall (or perhaps the dartboard, according to allegiance), why would anyone buy shares in Manchester United?

Lord Blencathra has lobbied on behalf of the Cayman Islands

Watchdog set to investigate Lord Blencathra over lobbying for Cayman Islands

Peer's paid role for tax haven may have broken parliamentary regulations

Leading article: Lords should not be lobbyists

The House of Lords has its defenders, despite being unelected and despite membership being for life. Its ranks include business leaders, scientists, medical professionals, civil servants, judges, military officers and others who might be put off running for elected office, but bring in a rich experience of life outside politics. They are not paid a salary, though they receive generous attendance allowances, so it is accepted that some will have paid outside employment.

The Cayman Islands is one of the few places in the world where there are more registered businesses than people

Tory Lord lobbies for tax haven as he helps write its laws in London

A former Conservative minister with close links to the Government is sitting as a peer in the House of Lords while simultaneously lobbying on behalf of a Caribbean tax haven.

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Day In a Page

Burgundy, the River Rhone & Provence – MS Swiss Corona - seven nights from £999pp
Lake Maggiore, Orta and the Matterhorn – seven nights from £899pp
Sicily – seven nights from £939pp
Pompeii, Capri and the Bay of Naples - seven nights from £799pp
Istanbul Ephesus & Troy – six nights from £859pp
Mary Rose – two nights from £319pp
A new Russian revolution: Cracks start to appear in Putin’s Kremlin power bloc

A new Russian revolution

Cracks start to appear in Putin’s Kremlin power bloc
Eugene de Kock: Apartheid’s sadistic killer that his country cannot forgive

Apartheid’s sadistic killer that his country cannot forgive

The debate rages in South Africa over whether Eugene de Kock should ever be released from jail
Standing my ground: If sitting is bad for your health, what happens when you stay on your feet for a whole month?

Standing my ground

If sitting is bad for your health, what happens when you stay on your feet for a whole month?
Commonwealth Games 2014: Dai Greene prays for chance to rebuild after injury agony

Greene prays for chance to rebuild after injury agony

Welsh hurdler was World, European and Commonwealth champion, but then the injuries crept in
Israel-Gaza conflict: Secret report helps Israelis to hide facts

Patrick Cockburn: Secret report helps Israel to hide facts

The slickness of Israel's spokesmen is rooted in directions set down by pollster Frank Luntz
The man who dared to go on holiday

The man who dared to go on holiday

New York's mayor has taken a vacation - in a nation that has still to enforce paid leave, it caused quite a stir, reports Rupert Cornwell
Best comedians: How the professionals go about their funny business, from Sarah Millican to Marcus Brigstocke

Best comedians: How the professionals go about their funny business

For all those wanting to know how stand-ups keep standing, here are some of the best moments
The Guest List 2014: Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks

The Guest List 2014

Forget the Man Booker longlist, Literary Editor Katy Guest offers her alternative picks
Jokes on Hollywood: 'With comedy film audiences shrinking, it’s time to move on'

Jokes on Hollywood

With comedy film audiences shrinking, it’s time to move on
It's the best of British art... but not all is on display

It's the best of British art... but not all is on display

Voted for by the British public, the artworks on Art Everywhere posters may be the only place where they can be seen
Critic claims 'I was the inspiration for Blanche DuBois'

Critic claims 'I was the inspiration for Blanche DuBois'

Blanche Marvin reveals how Tennessee Williams used her name and an off-the-cuff remark to create an iconic character
Sometimes it's hard to be a literary novelist

Sometimes it's hard to be a literary novelist

Websites offering your ebooks for nothing is only the latest disrespect the modern writer is subjected to, says DJ Taylor
Edinburgh Fringe 2014: The comedy highlights, from Bridget Christie to Jack Dee

Edinburgh Fringe 2014

The comedy highlights, from Bridget Christie to Jack Dee
Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

Dame Jenny Abramsky: 'We have to rethink. If not, museums and parks will close'

The woman stepping down as chair of the Heritage Lottery Fund is worried