I thought this was going to be amusing and indeed it is. A household name has been deliberately loaded with debt so that it no longer has any profits to pay tax on. Horrors! If someone doesn’t make a profit then they don’t pay profits tax. But of course the people receiving the interest do pay tax upon

A windfall tax on the profits of energy companies may become part of a new economic plan set to be unveiled in September, it was revealed today. A one-off tax on the increased profits of the energy companies was recently proposed by Tony Woodley, joint leader of the Unite union, but has been more widely backed after half year profits from leading energy giants were announced to be sharply increase...

Socialism is where the workers own the company and share the profits. Right wingers hate this, profits should go to a tiny group of lazy exploiters. There is one great example of a mutual in Britain and they have just shared out the profits. Click here to find out more.

As us financial sophisticate know, the method of accounting used by oil companies means that when prices are rising then so do their profits. However, when prices fall so do those profits. So, come the announcement of next quarter’s results and the drop in profits, possibly even reports of a loss, will all those currently shouting about

HSBC has announced a 62 per cent drop in profits, with $9.3 billion (£6.5 billion) pre-tax profits triggered by huge losses in the US.

Let's for a moment enter the mind of a socialist. And see how they think about the ‘energy crisis'… Oil = Evil Corporations = Evil Profits = Evil So, based on this. What do you think happens when they see this sort of thing… Oil giant BP has announced a 6% rise in profits for the second quarter of 2008,

Partnerships including private equity, venture capital, real estate and oil and gas firms were facing the renewed possibility of higher taxes on profits from deals, after senior Democrats included the measure in legislation that will be considered by Congress starting next week

It was announced yesterday that Shell profits have increased by 71% to £6.7 billion. Across the Atlantic, Exxon Mobil announced a world record for company profits $14.8 billion, up 54%. Earlier this week it was BP announcing a 148% increase in profits. With health workers facing increasing fuel...

Banks should pay a new 10% tax on their profits in return for their taxpayer bail-out, the Liberal Democrats say.

MPS should be forced to surrender any profits they make from selling taxpayer-funded second homes, the new watchdog on parliamentary expenses has declared.