Apple has called for US corporate tax rates to be slashed after it admitted sheltering at least $30bn (�20bn) of international profits in Irish subsidiaries that pay no tax at all.

The incoming governor of the Bank of England has warned Europe it must make "sustained and significant reforms" if it is to avoid a Japanese-style lost decade caused by austerity measures.

Fiat Industrial aims to move its tax residency to the UK from Italy after a merger with US business CNH to take advantage of a lighter fiscal regime, according to a regulatory filing.

Proposals to clamp down on bankers' pay by limiting bonuses to 100% of salary will capture many more staff than are covered by current pay codes, a top banking regulator has said as it publishes proposals on how to implement the European Union's bonus ...

LONDON�Burberry Group PLC showed further signs of recovery following a midyear profit warning, as it reported a rise in full-year revenue on Tuesday.

The Bank of Ireland (BoI) has reversed controversial increases of mortgage rates for some of the 13,500 affected borrowers following pressure from consumers and lawyers.

Nigel Terrington, chief executive of Paragon, said yesterday the company would start providing personal and car loans again, as part of a planned move back into the consumer banking.

The �1.2bn contract, first revealed by The Daily Telegraph and still subject to final negotiations, will see Capita take over the management of existing O2 call centres with 3,700 customer service jobs transferred.

Major shareholders had urged Vodafone to distribute most of the special dividend from its 45pc stake in the growing American operator.

A threat by Alex Salmond yesterday that an independent Scotland could walk away from its multi-billion pound share of UK debt if Westminster refused to let it use sterling, has been rejected by one of Britain's leading economists.