Money: Tax Avoidance – 23rd Feb 10

Shire Pharmaceuticals, drinks maker Diageo, and the advertising firm WPP are in the process of, or have already moved their Headquarters out of the UK to avoid paying tax in this country. The Business Innovation and Skills Committee publish their report on Broadband today. We also look at the imminent European Commission decision, that is expected to fast-track the merger of France Telecom’s Orange and Deutsche Telekom’s T-Mobile. Finally, despite an uncertain job market and high levels of unemployment, resignation rates have actually risen in the past 12 months, according to the CMI.