Wednesday, 28 November 2012

Protectionism under another name




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 ...................

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