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Denmark reveals €800m tax fraud – the country's biggest

Tax authority alerts police amid suspicion that foreign companies have defrauded its system over past three years

Denmark’s tax authority said on Wednesday that it had alerted police after foreign companies appeared to have drained more than 800m euros from the system in what would be the country’s biggest tax fraud.

“Over the summer we became suspicious after receiving information from a foreign authority,” said Jesper Ronnow Simonsen, head of the Skat tax agency.

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Source: The Guardian Circular Economy RSS

Sainsbury's shopfloor staff to receive 4% pay rise

Hourly pay to go up from £7.08 an hour to £7.36 an hour for workers aged over 18, but 24,000 non-store staff and store managers not included

Sainsbury’s is to give 137,000 shopfloor staff a 4% pay rise, their biggest increase in a decade, after pressure from low pay campaigners.

The supermarket said its standard rate of pay for store workers would go up from £7.08 to £7.36 an hour from next week. It remains below the level living wage campaigners have called for, but will be above George Osborne’s £7.20 national living wage, a new minimum for over 25s that comes into force next April.

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Source: The Guardian Circular Economy RSS

Estimated 4.5m Britons plan bank holiday trips within UK

Nearly 9% to have a ‘staycation’, while almost two million will head abroad, according to national tourist board

The bank holiday is set to be a bumper weekend for tourism, with millions packing their bags for trips within the UK and abroad.

An estimated 4.5 million Britons are planning an overnight break in England, according to the national tourist board.

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Source: The Guardian Circular Economy RSS

Walmart to stop selling AR-15 rifles due to 'decreased demand'

Retailer says decision was made because of lack of demand from customers, not because of political pressure in the wake of shootings where AR-15 was used

Walmart will no longer stock AR-15 rifles and other semi-automatic weapons, saying the decision is because of less demand from customers and not continued political pressure in the wake of several mass shootings in the US.

“There wasn’t a whole lot of demand for those products so we replaced them with products we have seen customers coming into purchase it,” Walmart spokesman Kory Lundberg told Fortune on Wednesday.

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Source: The Guardian Circular Economy RSS

McDonald's UK boss defends company's use of zero-hours contracts for staff

Paul Pomroy says workers love the flexibility of their contracts, as the company says 80% of more than 100,000 UK employees are on zero-hours terms

The boss of McDonald’s in the UK has defended the company’s continued use of zero-hours contracts for about 80,000 employees in its British restaurants.

Paul Pomroy, who took over the running of the UK operation in December, said staff loved the flexibility of the contracts, which have been criticised for exploiting workers.

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Source: The Guardian Circular Economy RSS

Is a chief happiness officer really the best way to increase workplace happiness?

While the trend of chief happiness officers might not have spread like wildfire, companies are increasingly finding ways to make workplace happiness a priority

Happiness in the workplace has become such a hot button conversation topic, some companies have created a job specifically dedicated to it. The remit of a chief happiness officer (CHO) is simple: to ensure workers are kept happy.

But for a trend supposedly sweeping the workplace, the list of people who have assumed the position of CHO is rather short.

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Source: The Guardian Circular Economy RSS

Paddy Power and Betfair merger may mean more offensive adverts to come

Paddy Power has become notorious for its controversial advertising, and Betfair is not beyond raising an eyebrow or two with its campaigns

Paddy Power and Betfair say their merger will bring together two distinct but complementary brands that have both used eye-catching advertising to lure punters.

Paddy Power has muscled its way into the public consciousness with unruly advertising campaigns and stunts intended to irritate or offend.

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Source: The Guardian Circular Economy RSS

Dow Jones surges over 400 points at opening bell as US markets rally

US markets rally comes after Asian and European markets continued to fall amid fears that Chinese economic growth is slowing

US stock markets rallied strongly on Wednesday as global stock markets attempted to shake off days of sell-offs amid fears that China’s economic boom is stalling.

The Dow Jones Industrial Average opened up over 400 points (2.62%) while the S&P was up 46.5 points (2.39%) and the Nasdaq was up 135 points (2.75%). All three indices closed down on Tuesday after an early rally proved unsustainable.

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Source: The Guardian Circular Economy RSS

Banning child labour imposes naive western ideals on complex problems

Businesses in developing countries should be encouraged to provide safe conditions for child workers to provide a family income

In an ideal world there would be no child labour, but instead opportunities for children to play, learn, relax and otherwise enjoy life.

This ideal is reflected in the corporate social responsibility policies of numerous companies (such as Marks & Spencer, Philips, and Unilever), and of those selling branded consumer goods. They have committed to eradicate any form of child labour from their supply chains.

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Source: The Guardian Circular Economy RSS