NO TAXATION (OR FINES) WITHOUT REPRESENTATION
Another US regulator over penalizes a UK company. The FT has the story at http://www.ft.com/cms/s/0/28b226f4-3965-11e2-8881-00144feabdc0.html#axzz2DWzzzvmG.
The US Environmental Protection Agency has slapped yet another sanction on the UK oil company BP (not British Petroleum as Obama would have it). Corporate hostage taking by a variety of US regulators is becoming a big and damaging story in the UK. Coupled with the local UK tax avoidance of several large US businesses its starting to feel like we need to re-think the special relationship as it seems to be a one way deal at the moment - we give US takes!
No taxation without ...................