WASHINGTON�Apple Inc.'s tax strategies came under harsh scrutiny Tuesday in the Senate, where lawmakers are finding it far easier to call for a simpler tax code than to produce one.

Falling clothes sales at Marks & Spencer have dragged down the retail giant's annual profits to an eight-year low, as it said the executive behind the �Your M&S� branding is to step down.

Britain will be advised to sell off the state's holdings in the Royal Bank of Scotland and Lloyds Bank by the International Monetary Fund (IMF) in a move that will embolden George Osborne as he attempts to justify his economic strategy.

By Andrew Osborn. LONDON | Wed May 22, 2013 12:30am BST. LONDON (Reuters) - Google Inc's tax affairs will come under renewed scrutiny in Britain on Wednesday when the leader of the opposition Labour party accuses the Internet company of wrongly ...

The annual rate of inflation eased to 2.4 per cent last month, thanks to falls in petrol prices and air fares, the Office for National Statistics reported yesterday.

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.

Royal Mail is expected to unveil a huge jump in annual profits this week as it clears the way for a �3billion stock market flotation later this year.

Britain's shale gas reserves could �be a new North Sea for Britain�, meeting more than a third of annual gas needs, reducing dependence on imports and generating significant tax revenues, according to the Institute of Directors.

A �5bn hole in the public purse has been caused by the failure of HM Revenue and Customs to clamp down effectively on fraud and error, MPs warn on Wednesday.

These pensioners will have to survive on just �170 a week - compared with an average weekly income of �322 should they have saved into a private pension.