@peter_IFAMAG reads Twitter so you don’t have to.
HMRC sues General electric for over $1bn over alleged fraud, after giving the company a trophy for being good tax citizens in 2011. UK government-backed lending now tops £50bn. Eurostat’s figures show the cumulative decline of GDP in the first half of 2020 was 15.3%.
Tabby Kinder shares the story of HMRC, General Electric and PwC.
In 2012, HMRC gave General Electric a trophy for being a good tax citizen of the UK. Now, it's suing it over a $1bn alleged fraud.
Here's my dive into the tax scheme that fooled HMRC and that raises awkward questions for PwC…https://t.co/A9E0w7yMsm
— Tabby Kinder (@Tabby_Kinder) August 4, 2020
EU Chief Economist, Philip R. Lane, says new EU GDP data makes for ‘some sobering reading.’
Eurostat’s preliminary flash estimate of a quarter-on-quarter decline in GDP of 12.1% makes for sobering reading, writes Chief Economist Philip R. Lane in #TheECBBlog. Together with the 3.6% decline in Q1, the cumulative decline in output in the first half of 2020 was 15.3% 1/2 pic.twitter.com/y0SBIhb35n
— European Central Bank (@ecb) August 4, 2020
City A.M. highlight the government now backs £50bn worth of loans.
— City A.M. (@CityAM) August 4, 2020
NIESR suggest extending the furlough scheme could benefit the UK, and minimise joblessness both short and long term.
‘Rishi’s Dishes’ are proving popular with Tweeters and the public.
Got to hand it to Rishi, its working pic.twitter.com/uEkdcPry1d
— Emma Revell (@emmamrevell) August 3, 2020
In today’s FT Big Read; there is a growing market for US foreign investment in India.
FT Big Read: A burst of nationalist anger in India has targeted Chinese investment in its booming start-up sector — and created an opportunity for the US https://t.co/aLRTGvoXwg pic.twitter.com/vX3Agdpow4
— Financial Times (@FinancialTimes) August 4, 2020
What are your thoughts on these tweets?
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