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Prem Sikka

Lord Sikka is an emeritus professor of accounting at the University of Essex and the University of Sheffield

October 2022

  • Shell petrol station

    Oil and gas firms are still making a killing – and No 10 is letting them

    Prem Sikka
    Rishi Sunak’s rushed 25% windfall tax is easy to minimise or avoid – and it could be replaced

February 2022

  • The headquarters of Credit Suisse in Zurich.

    Suisse secrets
    The Credit Suisse leaks expose an industry that has got away with too much for too long

    I won’t be holding my breath for government action or an UK inquiry into its actions – or into any other bank for that matter, says banking expert Prem Sikka

October 2021

  • A man wearing a protective mask walks past a logo of HSBC at its headquarters, amid the coronavirus disease (COVID-19) outbreak in Kuala Lumpur, Malaysia September 2020

    Too big to jail: why the crackdowns on dodgy finance have been so ineffective

    Prem Sikka
    Despite so many government promises, we’ve ended up with inadequate laws and toothless regulation, says Prem Sikka

May 2019

  • SCUNTHORPE, 22 May 2019 - The British Steel plant at Scunthorpe, Lincolnshire on the the day the company was placed in compulsory liquidation, putting 5,000 jobs at risk and endangering 20,000 in the supply chain after a breakdown in rescue talks between the government and the company’s owner, Greybull. Christopher Thomond for The Guardian.

    The British Steel scandal is a corporate disaster entirely made in the UK

    Prem Sikka
    The government must stop appeasing the financial industry and start scrutinising corporations and their shareholders, says professor of accounting Prem Sikka

April 2019

  • BHS store closing down

    The big four auditors are failing – and the watchdog’s report won’t change that

    Prem Sikka
    The CMA’s inadequate remedy shows it is not fit for purpose, says accounting professor Prem Sikka

May 2018

  • Illustration, of city type juggling bank notes,  by Andrzej Krauze

    Tax-haven transparency won’t stop money laundering in Britain

    Prem Sikka
    Whatever ministers say, questionable companies can hide in plain sight. Just look at the case of Business Bank Italy Limited, says accounting professor Prem Sikka

February 2018

  • Midland Metropolitan hospital in Smethwick

    Why is no one exposing our failing firms in advance?

    Prem Sikka
    Our accounting firms are supposed to spot signs of malpractice or financial instability, yet time and again they drop the ball, says professor of accounting Prem Sikka

December 2017

  • Oxfam activists in Brussels mimic wealthy people hiding their money to protest about the EU tax haven blacklist

    A tax haven blacklist without the UK is a whitewash

    Prem Sikka
    The EU’s targeting of low-income countries smacks of imperialism, writes professor of accounting Prem Sikka

November 2017

  • Queen Elizabeth II

    Paradise Papers
    Britain can tackle tax avoidance. But we’ve been here before

    Prem Sikka
    Only a radical reform of the law and HMRC will make wealthy elites accountable, says Prem Sikka, professor of accounting at the University of Sheffield and emeritus professor of accounting at the University of Essex

September 2017

  • High street banks

    Illegal immigration? Banks don’t even tackle slavery and trafficking

    Prem Sikka
    Letting the financial sector loose on 70m accounts is an invitation to racial profiling and abuse of privacy, writes accounting professor Prem Sikka

May 2017

  • pound coins hmrc

    The Tories promise to be tough on tax evasion. Where’s the evidence?

    Prem Sikka
    The Conservative manifesto contains no detail on the party’s plans for tackling tax avoidance. Given its track record, that’s no surprise

March 2017

  • Philip Green

    Philip Green has shown the rich can game the system. We need to stop another BHS

    Prem Sikka
    We need to radically reform British laws that marginalise employees’ interests – and give the Pensions Regulator power to intervene in the sale of businesses

February 2017

  • Sign for Panamanian law firm Mossack Fonseca

    A British snub of the EU investigation into the Panama Papers is short-sighted

    Prem Sikka
    The failure of the Treasury and HMRC to answer questions about the Panama Papers will alienate our EU partners and further cement London’s reputation for dirty business

December 2016

  • City of London skyline

    Heard the latest Christmas story? It’s about how UK banks pay all their taxes

    Prem Sikka
    Major financial institutions are involved in routine tax avoidance. But a report by the City of London Corporation and PwC raises more questions than it answers

October 2016

  • A Bernard Matthews lorry turning a corner

    Now it’s Bernard Matthews’ turn to leave pensioners out of pocket

    Prem Sikka
    Lax regulation allows struggling businesses to prioritise everything (including shareholders) before people with pensions. Time to tighten up the rules

September 2016

  • File photo of a pedestrian walking past the headquarters of Her Majesty's Revenue and Customs (HMRC) in central London<br>A pedestrian walks past the headquarters of Her Majesty's Revenue and Customs (HMRC) in central London, Britain in this February 13, 2015 file photo.  To match Insight UK-REGULATIONS/AGENTS   REUTERS/Stefan Wermuth/Files

    HMRC is in thrall to big business. It can no longer do its job

    Prem Sikka
    The tax collection agency is no longer able to serve the public and enforce the law. But Labour can get it back on track

August 2016

  • Jeremy Corbyn Campaigns For The Labour Leadership In Brighton<br>BRIGHTON, ENGLAND - AUGUST 02:  <<enter caption here>> on August 2, 2016 in Brighton, England.  (Photo by Rob Stothard/Getty Images)

    Corbynomics offers hope of a New Deal for low-paid workers

    Prem Sikka
    Away from the soap opera, the Labour leader is laying the foundations to more fairly distribute Britain’s wealth

April 2016

  • BHS

    BHS is a victim of shareholder greed

    Prem Sikka
    Big corporations are seen as the private fiefdoms of investors. We need to protect workers and taxpayers

February 2016

  • The HSBC HQ in London

    Why on earth would HSBC leave a country that gives banks an easy ride?

    Prem Sikka
    Bankers in the UK have faced no prosecutions – despite their serial abuses, and the catastrophic consequences of their actions

February 2015

  • lin homer, chief exec HMRC

    As HSBC shows, we’ve been timid and pathetic in dealing with tax dodgers

    Prem Sikka
    Even when the evaders are caught they are barely punished. We have to emulate the United States, and get tough
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