The HMV music store chain in Britain has hatched an interesting tax avoidance music selling plan by setting up an off-shore online store. HMV is extending to its high-street stores a controversial VAT-avoidance scheme that it currently operates solely through the group's website, which is based offshore. The move will offer shoppers discounts and free delivery on out-of-stock titles, at the expense of Treasury coffers. ... Read full entry

Good news for a Monday morning, a time when my dependence on comfort food is usually higher than at any other time of the week: Pringles are no longer deemed a "potato crisp" and are therefore not subject to a consumption tax. Friday's judgement is likely to save manufacturer Procter & Gamble Co (P&G) millions of pounds and ensure its customers will not have to pay more for ... Read full entry