Offshore tax fears over deal for Morrisons

Experts fear a takeover of Morrisons could see the supermarket giant shift offshore for tax reasons By Francesca Washtell For The Daily Mail Published: 21:50 BST, 27 June 2021 | Updated: 21:50 BST, 27 June 2021 A takeover of Morrisons could see the supermarket giant shift offshore for tax reasons, experts fear.  The grocer is … Read more

Government to spend £5m on new ‘hydrogen hub’ and £20m on offshore wind farms

Government to spend £20m on offshore wind farms and £5m on ‘hydrogen hub’: The Budget funding helping UK reach net zero emissions In Budget speech, Rishi Sunak says £20m will go to offshore wind technology Another £4.8m will support the development of a hydrogen hub in Wales  The Government target is for the UK to … Read more

Queen’s Crown Estate sells off lucrative rights to offshore wind farms

By Steve Doughty for the Daily Mail Lawyers for the Queen lobbied ministers to alter a draft law so that her private wealth could be kept secret, newly-uncovered records have suggested. Legislation was changed so that any ‘potentially embarrassing’ investments she held could be concealed from the public, it was alleged. The incident, which happened almost … Read more

B&M Bargain’s boss funnels £44m offshore as sales boom

B&M boss funnels £44m offshore as bargain retailer emerges as one of the pandemic’s biggest winners By Tom Witherow For The Daily Mail Published: 21:50 GMT, 12 November 2020 | Updated: 21:50 GMT, 12 November 2020 B&M Bargains’ billionaire chief executive has funnelled £44million in dividends to his offshore family trust after emerging as one … Read more

Puffins will be driven to extinction by plan to power UK with offshore wind energy by 2030 says RSPB

Puffins and other seabirds will be driven to extinction by Boris Johnson’s plan to power Britain with ‘limitless’ offshore wind energy by 2030, warns RSPB Charity said Government’s green energy plan risks ‘irreversible seabird losses’ Offshore wind farms are frequently set up in shallow waters, where birds feed  RSPB has urged Boris Johnson to keep … Read more

Queen ‘could make millions’ from Boris Johnson’s offshore wind farm drive

Queen ‘could make millions’ from Boris Johnson’s drive for offshore wind because Crown Estate manages British seabed and shores Boris Johnson yesterday confirmed his plans for a surge in offshore wind farms The Prime Minister wants every home in the UK powered by wind farms by 2030 Crown Estate is responsible for awarding seabed rights … Read more

Offshore gambling companies should be forced to have UK bases, report says 

Offshore gambling companies should be forced to have UK bases to stop the Treasury losing hundreds of millions in tax, report says Social Market Foundation think-tank called for gambling firms to be based in UK Report found more than half of remote gambling services are based in Gibraltar Gambling firms should be forced to provide … Read more