Scotland’s nationalist government aims to establish an independent state by March 2016, breaking away from the 306-year-old United Kingdom and keeping the pound as its currency, according to the blueprint it published today.
G4S Plc paid no U.K. tax on British revenues of 1.9 billion pounds ($3 billion) in 2012, the year it failed to provide sufficient security for the London Olympics, according to a report from the National Audit Office.
The heir to the U.K. throne, Prince Charles, may enjoy an unfair advantage as revenues from his estate are exempt from some taxes even though they include profits from commercial activities, a panel of lawmakers said.
Coutts & Co., the wealth management unit of Royal Bank of Scotland Group Plc, is cutting holdings of Japanese shares on concern Prime Minister Shinzo Abe won’t pass the structural reforms needed to boost the economy.
Starbucks Corp., the world’s biggest coffee chain, said it will pay 10 million pounds ($15.4 million) of U.K. corporation tax this year and in 2014 in response to criticism of its money-losing British business.