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Denmark loses £1.4bn tax fraud claim in UK court case
Posted onTheo LeggettInternational business correspondent and Michael Sheils McNameeBusiness reporter Getty Images Sanjay Shah was imprisoned in Denmark in a separate criminal trial last year Denmark’s tax authority has lost a £1.4bn fraud case at the High Court in London in one of the highest value civil cases ever heard in the UK. Skatteforvaltningen, known as…
Bodycare to shut remaining stores with loss of 444 jobs
Posted onAll remaining Bodycare stores are to close with the loss of 444 jobs after the health and beauty chain’s administrators failed to find a buyer for the shops. The business, which fell into administration earlier this month, was “no longer viable to continue” trading because of “the shortage of stock and significant costs” associated with…
Judge blocks probe of Federal Reserve in victory for bank
Posted on“This process has been arbitrarily undermined by an activist judge,” Pirro said at a fiery press conference responding to the decision, which quashed subpoenas – orders to compel someone to give testimony – from her office seeking information from the bank about cost overruns at renovations of its offices.
Ford boss Lisa Brankin warns against taxing electric cars
Posted onJosh Martin,Business reporter and Sean Farrington,Business presenter Barry Cronin Taxes on electric vehicles may put drivers off buying them at a time when demand has “lost momentum”, Ford’s UK boss has warned. It comes after the BBC reported Chancellor Rachel Reeves could be considering new levies on EVs in the upcoming Budget. Ford UK’s managing…
