corporations

Cards (8)

  • what's The role of corporations or large business organisations?
    in UK government circles is a related area of concern for some pro-democracy campaigners.
  • what is ‘revolving door’ process?
    where senior politicians and officials take well-paid jobs in the private sector after they leave government service. 
  • what is the suspicion of revolving doors?
    they use their knowledge and contacts to benefit the interests of these corporations.
  • how have business leaders benefitted ?
    have become ministers by being appointed to the House of Lords.
  • what is Another issue with corporations?
    how far multinational corporations that operate in the UK can be compelled to pay what is accepted as a fair level of tax. 
  • example of tax levels by corporations?
    In 2016, after negotiation with HMRC Google agreed to pay £130 million in taxes dating back to 2005.
  • why weren't opposition MPs happy with the amount of tax google had to pay?
    argued that this was a lenient figure given the level of profits made by the firm in the UK.
  • why may Powerful corporations lobby the government?
    an attempt to modify policies that affect business interests.

    For example, in October 2016, during a social event at the Conservative Party Conference attended by the Business Secretary, Greg Clark, it was reported that the British Soft Drinks Association expressed its opposition to a planned tax on sugary drinks.