Trade and Industry minister Margaret Hodge has denied that the decision to
shutdown the investigation into fraud allegations regarding the Al Yamama arms
contract with Saudi Arabia has signalled Britain is now soft on fraudsters.
She insisted no weight had been given to commercial or economic reasons for
his intervention but claimed: ‘This decision sets no precedent of any kind and
was made on legitimate public interest grounds.
Responding to a question in the Commons, Hodge insisted: ‘The government
remains extremely serious about tackling corruption’.
Hodge said a new International Corruptions Group would provide the UK with a
dedicated resource to investigate allegation of corruption and bribery by a UK
citizen or company anywhere in the world.
She claimed attorney general Lord Goldsmith ‘has made it clear to the
director of the Serious Fraud Office that he should pursue cases of alleged
bribery and corruption vigorously’ and that no particular company is beyond the
law or immune from action.
"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
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
A senior MP has questioned the impact of HMRC’s decision to undertake yet another radical overhaul of its internal structure
The Apple Tax situation; Accountants replaced by robots; and The Accountancy Age Top 50+50; all discussed by head of editorial Kevin Reed