Comment

Comment by Pam Vredenburg on October 22, 2011 at 9:29pm

http://www.newscientist.com/article/mg21228354.500-revealed--the-capitalist-network-that-runs-the-world.html
http://arxiv.org/PS_cache/arxiv/pdf/1107/1107.5728v2.pdf

The top 50 of the 147 superconnected companies

1. Barclays plc
2. Capital Group Companies Inc
3. FMR Corporation
4. AXA
5. State Street Corporation
6. JP Morgan Chase & Co
7. Legal & General Group plc
8. Vanguard Group Inc
9. UBS AG
10. Merrill Lynch & Co Inc
11. Wellington Management Co LLP
12. Deutsche Bank AG
13. Franklin Resources Inc
14. Credit Suisse Group
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp
17. Natixis
18. Goldman Sachs Group Inc
19. T Rowe Price Group Inc
20. Legg Mason Inc
21. Morgan Stanley
22. Mitsubishi UFJ Financial Group Inc
23. Northern Trust Corporation
24. Société Générale
25. Bank of America Corporation
26. Lloyds TSB Group plc
27. Invesco plc
28. Allianz SE 29. TIAA
30. Old Mutual Public Limited Company
31. Aviva plc
32. Schroders plc
33. Dodge & Cox
34. Lehman Brothers Holdings Inc*
35. Sun Life Financial Inc
36. Standard Life plc
37. CNCE
38. Nomura Holdings Inc
39. The Depository Trust Company
40. Massachusetts Mutual Life Insurance
41. ING Groep NV
42. Brandes Investment Partners LP
43. Unicredito Italiano SPA
44. Deposit Insurance Corporation of Japan
45. Vereniging Aegon
46. BNP Paribas
47. Affiliated Managers Group Inc
48. Resona Holdings Inc
49. Capital Group International Inc
50. China Petrochemical Group Company

http://www.guardian.co.uk/news/datablog/2011/oct/11/ftse100-subsidiaries-tax-data#_
http://www.actionaid.org.uk/doc_lib/addicted_to_tax_havens.pdf
The top 100 British multinationals have declared full or joint ownership of 34,216 companies - 25% of which are located in jurisdictions classed as tax havens.

Advising on corporate tax policy in the UK

http://www.hm-treasury.gov.uk/consult_cfc_reform.htm

“Working Groups of representatives from businesses have been established to complement wider consultation on CFC reform and to discuss options and proposals in more detail. Lists of members are provided below. The first working group meetings are scheduled for January.”

Quoted straight from the beast – because you can’t make this stuff up!

“CFC Monetary Assets working group

· Neil Harris – BHP Biliton

· Claire Jordan – Diageo

· Tim Voak – Tes