Wednesday, 28 November 2012

Protectionism under another name


Another US regulator over penalizes a UK company. The FT has the story at

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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