AABA

ASSOCIATION FOR ACCOUNTANCY
AND
BUSINESS AFFAIRS

WELCOME TO CORPORATE WATCH

JOIN AABA HOME PUBLICATIONS
ACCOUNTANCY BUSINESS & THE PUBLIC INTEREST
ABE BRILOFF ACCAWATCH AUDITING BCCI CORPORATE WATCH
EDUCATION ICAEWWATCH INSOLVENCY LLPs LINKS NEWSLETTER
OFFSHORE WATCH SCANDALS TAX JUSTICE NETWORK TAX WORKSHOPS
SEARCH AABA WEBSITE ARCHIVES

Welcome to Corporate Watch . The purpose of these pages is to alert the public to the growing power of the corporations. They finance political parties and buy out governments to advance their narrow economic interests. Corporations are not accountable to the general public and operate outside democratic politics. These pages will provide some food for thought and encourage citizens to take action to bring corporations within the domain of democratic politics.

Use CTRL + F to search this page

August 2018

Bank of Credit and Commerce International (BCCI) Scandal: UK Government Forced to Publish the Sandstorm Report
The Pin-stripe Mafia: How Accountancy Firms Destroy Societies (Free download)
New Book - Fighting Corporate Abuse : Beyond Predatory Capitalism
Tax haven link to rainforest destruction and illegal fishing (14 Aug 2018)
Questions from MPs as spending at FCA & City regulators balloons (14 Aug 2018)
BHS pension scheme members offered lifeline as insurer agrees deal to cover £800m worth of liabilities
(14 Aug 2018)
House of Fraser deal draws attention of pension watchdog (14 Aug 2018)
House of Fraser administrators defend Sports Direct sale (14 /Aug 2018)
Brands pull stock from House of Fraser (14 Aug 2018)
Serious Fraud Office suspends lawyer in charge of Unaoil investigation (14 Aug 2018)
Half-finished hospitals still lie idle after Carillion fall (14 Aug 2018)
FIFA quietly drops 'corruption' as code of ethics offence (14 Aug 2018)
KFC and Kellogg's broke junk food ad rules (8 Aug 2018)
Homebase set to announce closure of up to 80 stores (8 Aug 2018)
Rip-off: British Gas increases energy prices again (8 Aug 2018)
Former directors face questioning over Carillion's collapse (8 Aug 2018)
Universal basic income hasn't made me rich. But my life is more enriching (8 Aug 2018)
Not so penny-wise: the last days of Poundworld (8 Aug 2018)
Poundworld founder blames private equity for retailer's demise
(8 Aug 2018)
Australian regulator to embed supervisors in banks (8 Aug 2018)
Private equity fees and returns face scrutiny (8 Aug 2018)
Private equity challenged over $400bn fee haul (8 Aug 2018)
Corruption Watch report shows disturbing amount of bribery and embezzlement (8 Aug 2018)
HSBC to pay $765m over toxic bond sales in run-up to financial crisis (7 Aug 2018)
Home equity release may cost pension firms billions (7 Aug 2018)
Maximum gas and electricity bills to rise after Ofgem increases safeguard tariff
(7 Aug 2018)
Denmark announces probe against Danske Bank over money laundering
(7 Aug 2018)
No-deal Brexit could cut British expats' pensions by 20% (7 Aug 2018)
Insolvency Service ramping up Carillion investigation (7 Aug 2018)
Former Member of Barbados Parliament and Minister of Industry Charged with Laundering Bribes from Barbadian Insurance Company (7 Aug 2018)
The devastating cost of central banks' caution (7 Aug 2018)
Bosses want the Financial Reporting Council (FRC) to focus on company audits
(7 Aug 2018)
UK Consumer Debt: A Cause For Alarm? (7 Aug 2018)
Reality Check: Have water companies cut leaks by a third? (7 Aug 2018)
Economy introductions: the size of government debt (7 Aug 2018)
Wonga investors stump up £10m to save payday lender from going bust (6 Aug 2018)
House of Fraser store closures to go ahead (6 Aug 2018)
BA boss demands action on Heathrow queues (6 Aug 2018)
China private equity funds suffer wave of closures (6 Aug 2018)
Savers 'missing out on better rates' (6 Aug 2018)
PwC Australia decline to give evidence in Rio Tinto case (6 Aug 2018)
Amazon hides real tax bill by funnelling £6bn of UK sales abroad
(6 Aug 2018)
HMRC is told to tackle Amazon over £1.7m tax bill (6 Aug 2018)
Amazon's worth $890BN so why can't it afford morals?
(6 Aug 2018)
Vietnam court jails 46 bankers, execs for loan scheme (6 Aug 2018)
Banker warns of Herculean task to escape Libor's tentacles (6 Aug 2018)
Too many bean-counters: How an 'accounting curse' is hurting the UK economy (3 Aug 2018)
Carney: No-deal Brexit risk 'uncomfortably high' (3 Aug 2018)
RBS to pay first dividend in 10 years (3 Aug 2018)
Eye-watering true cost of rebuilding a school through PFI revealed (3 Aug 2018)
Barclays half-year profits fall 29% following settlement (3 Aug 2018)
Food banks appeal for help to feed children during school holidays (3 Aug 2018)
Could a basic income replace Universal Credit? (3 Aug 2018)
Countrywide shares plunge 60% after emergency cash call (3 Aug 2018)
William Hill could close up to 900 betting shops after FOBT clampdown (3 Aug 2018)
Foxtons slips to £2.5m loss amid weak London property market (3 Aug 2018)
Interest Rate Hike: What is wrong about the Bank of England’s decision today? (2 Aug 2018)
London Stock Exchange rolls out no-deal Brexit plans (2 Aug 2018)
Student Loans Company 'spied on vulnerable students' social media' (2 Aug 2018)
Deceased and still in debt: the student loans that don't get forgiven (2 Aug 2018)
Amazon halved UK corporation tax bill to £4.5m last year (2 Aug 2018)
Mishcon de Reya complains about UK anti-tax evasion measures (2 Aug 2018)
Barclays profits hit by £2bn of costs (2 Aug 2018)
Should the Bank of England increase the base rate? (2 Aug 2018)
Apple is first public company worth $1 trillion (2 Aug 2018)
Wells Fargo Agrees to Pay $2.09 Billion Penalty for Allegedly Misrepresenting Quality of Loans Used in Residential Mortgage-Backed Securities (2 Aug 2018)
Smaller firms should publish gender pay gap, say MPs (2 Aug 2018)
Rolls-Royce profits hit by engine faults (2 Aug 2018)
Apple laughing all the way to the bank – with profits of $5.3m per hour (1 Aug 2018)
Revealed: ministers' plan to research effect of policies on food bank use (1 Aug 2018)
FCA proves to be a paper tiger in case of RBS mistreatment (1 Aug 2018)
Lloyds Bank sets aside another £460m for PPI claims (1 Aug 2018)
Former Tesco finance director will not face fraud trial with others (1 Aug 2018)
Trouble ahead as Sipps swerve FCA savings rate rule (1 Aug 2018)
Court slashes advice boss' FCA fine as FSCS payout tops £55m (1 Aug 2018)
FTSE 100 pension schemes post accounting surplus for first time in nearly a decade
(1 Aug 2018)
House of Fraser rescue deal falls through (1 Aug 2018)

July 2018

MPs accuse Lloyds of treating HBOS Reading fraud victims 'with contempt'
(31 Jul 2018)
Lloyds Banking Group is treating victims of HBOS Reading fraud “with contempt”, say MPs (31 Jul 2018)
City watchdog has no power to take action against RBS over disgraced small business restructuring unit
(30 Jul 2018)
Credit card lending continues to rise as Bank of England gears up for interest rate hike
(31 Jul 2018)
British Gas owner Centrica loses more customers (31 Jul 2018)
Dixons Carphone says data breach affected 10 million (31 Jul 2018)
Behind the Spectacular Collapse of a Private Equity Titan Abraaj (31 Jul 2018)
Cayman Islands Tax Haven Is Third-Largest Foreign Investor in Israel (31 Jul 2018)
McDonald's Monopoly game rigged, scamming chain of $24 million
(31 Jul 2018)
EU Split on Using Company Transparency Rules to Blacklist Tax Havens (31 Jul 2018)
No FCA action against RBS after mistreatment of small businesses (31 Jul 2018)
Global Witness Report - The Companies We Keep (31 Jul 2018)
GROUNDBREAKING ANALYSIS OF THE OWNERS OF UK COMPANIES UNCOVERS SERIOUS MONEY LAUNDERING RISKS (31 Jul 2018)
A 'shorter, sharper corporate code', but will it work? (31 Jul 2018)
3M Company Agrees to Pay $9.1 Million to Resolve Allegations That it Supplied the United States With Defective Dual-Ended Combat Arms Earplugs (31 Jul 2018)
Institute of Economic Affairs offering potential US donors access to government ministers and civil servants as it raises cash to support hardline Brexiters (30 Jul 2018)
Accidents at Amazon: workers left to suffer after warehouse injuries (30 Jul 2018)
Sir Philip Green's Arcadia seeks £9.6 million from bust BHS (30 Jul 2018)
New evidence could see BHS directors investigated (30 Jul 2018)
House of Fraser offered cash injection by Mike Ashley (30 Jul 2018)
No bosses, no managers: the truth behind the 'flat hierarchy' facade (30 Jul 2018)
VW ex-boss Winterkorn in tax evasion probe: report (30 Jul 2018)
Boom in new English 'tax haven' firms after Scottish crackdown (30 Jul 2018)
Lifetime ISA's should be scrapped and households given help with mounting debt (30 Jul 2018)
Treasury Committee “Doubtful” that Ombudsman is ready to handle SME cases (30 Jul 2018)
Samuel Smith brewery fined for failing to hand over pension details (30 Jul 2018)
House of Commons Treasury committee Report - Household finances: income, saving and debt (30 Jul 2018)
Corporate Welfare: America spends over $20bn per year on fossil fuel subsidies (30 Jul 2018)
Money Matters! Why Monetary Theory and Policy Is a Critical Terrain For the Left (30 Jul 2019)
Why are so many of us not saving for a rainy day? (30 Jul 2018)
Privatised water company shareholders 'paid £6.5bn in dividends and interest'
(27 Jul 2018)
Private Water Shareholders Make £6.5 Billion (27 Jul 2018)
Our privatised water system has failed – it's time to look for alternatives (27 Jul 2018)
Price Fixing: Hauliers in compensation claim for overpriced trucks (27 Jul 2018)
Arron Banks accused of planning a military camp for a Lesotho minister (27 Jul 2018)
Papa John's founder sues pizza chain (27 Jul 2018)
UK dividends rise but trail global average (27 Jul 2018)
Shell launches $25 billion buyback plan, second-quarter profits miss (27 Jul 2018)
Treasury Committee: dump pension triple lock and Lifetime Isas (27 Jul 2018)
Dividends vs. share buybacks (27 Jul 2018)
The magic money tree is real: Treasury confirms taxes are not needed to fund government spending (27 Jul 2018)
TSB tech meltdown pushes bank into the red (27 Jul 2018)
Britain's politicians are ignoring child poverty. The result: it's soaring (26 Jul 2018)
Fifth of UK high street retailers aim to cut staff in next three months (26 Jul 2018)
Fire-risk domestic appliances 'are becoming harder to spot' (26 Jul 2018)
Corporate penalties dropped as much as 94% under Trump, study says (26 Jul 2018)
How About a Free Market for Wages? (26 Jul 2018)
UK national security reviews to catch a substantially broader range of mergers (26 Jul 2018)
Public contracts should go to UK firms, says Jeremy Corbyn (26 Jul 2018)
Household debt in UK 'worse than at any time on record' (26 Jul 2018)
The Guardian view on Jeremy Corbyn and industry: what the state can do
(26 Jul 2018)
Corbyn's Build it in Britain plan isn't radical – it's what other countries do
(26 Jul 2018)
U.S. Investor Targets 26 Bankers Who Worked at Danske (26 Jul 2018)
Cristiano Ronaldo receives two-year prison sentence and £17m fine
(26 Jul 2018)
Trends and determinants in Chinese FDI in Africa (26 Jul 2018)
USS proposes increasing contributions by 41% as talks continue (26 Jul 2018)
How The Tobacco Industry Has Changed Its Marketing Strategy (26 Jul 2018)
FCA suggests 'basic savings rate' to boost returns (25 Jul 2018)
Kit Kat case: No break for Nestlé in trademark row (25 Jul 2018)
NHS made “a complete mess” of outsourcing primary care services (25 Jul 2018)
Global Witness: Scots 'tax haven' firms still mired in secrecy (25 Jul 2018)
Money laundering and cyber crime involving law firms up sharply (25 Jul 2018)
Reports of money laundering, cybercrime and dubious investment schemes all on the rise, says the SRA
(25 Jul 2018)
$2tn bribery and corruption industry needs tougher engagement (25 Jul 2018)
Serco takes legal action over fire and rescue privatisation (25 Jul 2018)