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The Guardian - UK
The Guardian - UK
Business
Phillip Inman

Undertaxed and over here: why does the UK welcome US mega-firms?

Model of the new Google building
The new Google building nearing completion in London is symbolic of the red carpet laid out for US corporations. Photograph: Martin Godwin/the Observer

Americans love Britain, and in many ways the British admire Americans, but the benefits of the relationship are becoming increasingly one-way.

That’s the argument set out in a book published next month documenting how US companies have made inroads into the UK economy by exploiting a desperate need for investment, weak regulation and a public that seems oblivious to the cost to themselves and, ultimately, the economy.

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