Ngos Accuse Alliance Boots Of Avoiding £1.1 Billion In Uk Taxes

UK police charge man who tried to enter Buckingham Palace with a knife

The palace said Queen Elizabeth II was not in residence. Breaches of royal security are rare, but just a month ago police arrested two men over a suspected break-in at the palace. CAPTION By Associated Press, LONDON A man with a knife is facing charges after he tried to dart through a gate at Buckingham Palace in London on Monday, police said. The palace said Queen Elizabeth II was not in residence. Breaches of royal security are rare, but just a month ago police arrested two men over a suspected break-in at the palace. The land of Juan Valdez prepares for arrival of Starbucks Marina Villeneuve Coffee chains in Colombia brace for the arrival of the Seattle giant, which plans to open 50 stores there. Jason Rezaian This year alone, car production has plunged 40 percent after the U.S. targeted the state-run industry. Metropolitan Police said David Belmar, 44, was charged with trespassing on a protected site and possession of an offensive weapon. He will appear in court on Tuesday. Belmar was apprehended as he tried to run through security at a palace gate that serves both pedestrians and vehicles. Police who stressed in a statement that the suspect was apprehended immediately searched him and found a knife. In September, an intruder was discovered prowling around the palace after scaling a fence, and an alleged accomplice was also arrested. That was judged to be one of the most serious incidents since a man managed to sneak into the queens private chambers in 1982.

A sign outside a store of pharmacy and cosmetics chain Boots is seen in London, May 16, 2011. REUTERS/Luke MacGregor

The new entrance will be from the campus rather than Limestone as it is currently. (Photo from UK) Dean Blackwell hit the ground running and has not stopped, said Capilouto. He and his team have done a tremendous job in raising additional support for this project while coming up with a design which will add to the beauty of our campus while providing truly state-of-the-art facilities in which our students will learn in an optimal, collaborative environment. The expansion and renovation plans call for a dramatic increase in space for educational offerings, as well as high-tech enhancements to classrooms and laboratories for students on both the undergraduate and graduate levels. The Gatton College is expected to grow substantially in the number of students entering its programs in future years, as well as in the quality of the academic profile of those students. Among the highlights of the new facility are: The footprint of the college will expand by 40 percent to 210,000 square feet. A new main entrance from the interior of the university campus, rather than from Limestone as it is currently, with an atrium that will serve as the living room of the building. A 500-seat auditorium designed for special events and large lectures. A new Behavioral Research Lab. A new Finance Learning Center which includes an advanced classroom with a simulated trading environment featuring digital displays feeding real-time financial and market information. Some 20 new classrooms, including 10, 45-seat classrooms; six, 85-seat classrooms; three, 70-seat classrooms; and one, 65-seat classroom. More than 40 collaborative study or breakout rooms. An outdoor garden plaza which will serve as a gathering place for students, faculty and staff to socialize and network on nice weather days. A Special Events Hall with audio-visual components to accommodate dinners and lectures seating anywhere from 75-200 people.

UK unveils plans for major expansion project of Gatton College of Business by spring 2016

The new entrance will be from the campus rather than Limestone as it is currently. (Photo from UK)

Credit: Reuters/Luke MacGregor By Tom Bergin LONDON | Tue Oct 15, 2013 12:38am BST LONDON (Reuters) – A British charity and a labour union accused Europe’s largest pharmacy chain, Alliance Boots, of avoiding over 1.1 billion pounds in UK tax since 2008 and called on the government to change laws which allow such tax planning. Corporate tax avoidance has risen to the top of the political agenda in the UK as Britons tire of austerity measures aimed at tackling large public debt built up as a result of the financial crisis. The UK government has backed international action to reduce corporate profit shifting but has resisted calls to amend domestic rules which tax advisors say offer greater opportunity for tax minimisation than tax systems in other large industrial countries such as Germany, the United States and France. A consortium led by private equity group Kohlberg Kravis Roberts & Co. L.P. (KKR) and the drug distributor’s billionaire executive chairman Stefano Pessina took Alliance Boots private in 2007. Last year U.S. drugstore chain Walgreen Co bought 45 percent of the company. Anti-poverty group War on Want and Unite, the UK’s largest trades union, published a report on Tuesday which said that after being delisted from the London Stock Exchange, Alliance Boots’ owners loaded the company up with loans from affiliates in low-tax jurisdictions. These debts sent interest costs rocketing to 853 million pounds in 2008, the year after the acquisition, compared to 42 million pounds in the year to March 2007, said Nell Geiser, a researcher at Change to Win, an advocacy group backed by U.S. labour unions, which co-authored the report. The year before its leveraged buyout, Alliance Boots had a UK tax expense of 181 million pounds, but in the six years since going private, rising interest payments turned healthy operating profits into tax losses, resulting in a cumulative net tax credit of over 130 million pounds, the report said. “Ministers have allowed corporations such as Boots and its private equity owners to abuse the UK’s tax system. It is time for proper rules to make companies like Boots pay their fair share,” said John Hilary, executive director at War on Want.