The National Audit Office said yesterday that it would investigate the
QinetiQ deal that saw US private equity firm Carlyle acquire a third of the
group for only £42m.
Carlyle’s stake, four years on, is now valued at more than £300m as the
defence research company gears up for New Labour’s first major privatisation
The NAO is looking at a range of issues related to the flotation and the sale
In a statement it said it would look at: the choice of privatisation
strategy, governance arrangements, the management of the process (the split of
the Defence Evaluation and Research Agency into two, the sale to Carlyle and the
flotation), the price achieved, and whether the deal is likely to meet its
Does Darwin's theory apply to taxation? Colin ponders...
"The whole idea of HMRC officials supplying confidential information about individuals to the media on a non-attributable basis is, or should be, a matter of serious concern," say Supreme Court judges
The EC has been instructed to draft a European Union (EU) directive authorising an EU financial transaction tax, which would apply to ten of the EU’s 28 member states
UK-based non-doms have paid ten times more tax than the average taxpayer, raising concerns over the Brexit impact on non-dom contributions and therefore, the economy