The Papers
Newspaper headlines: Sugar cut pledge, Google tax, EU 'at risk' and a Cotswolds village row
Some of the world's biggest companies find themselves on the front pages of Saturday's newspapers. Some of the world's biggest companies find themselves on the front pages of Saturday's newspapers.
The Sun reports that Coca-Cola, Pepsi and Kellogg's are vowing to cut the sugar content in their products to "beat" the introduction of a so-called sugar tax in England. The pledge, which includes plans to ban adverts aimed at children, comes just days before David Cameron decides whether to press ahead with a controversial levy to help tackle childhood obesity, says the paper.
The announcement by Google that it will pay £130m in UK back taxes following an audit by HM Revenue & Customs is the lead in the Financial Times. The FT says campaigners against tax avoidance by companies which use legal loopholes to lower their liabilities may still feel the internet giant is not paying enough, while HMRC may face demands to explain how the deal was reached.
Meanwhile the lead story in the Independent highlights the UK tax arrangements of GE Healthcare. It suggests there will be questions about why the US-owned firm hardly paid any corporation tax while winning contracts from the NHS, which is seeking to find savings of £22bn. GE tells the paper "it pays the taxes it owes in every country where we operate", and has invested £500m in British research and development in the past 10 years.
Claims by campaigners that about 60% of the £23.7bn companies make from alcohol sales in England comes from people whose drinking is destroying or risking their health provides a focus for the Guardian. Its report highlights the differing views surrounding proposals on introducing a minimum price per unit of alcohol.
Eye-catching headlines:
Anarchy gives way to tourism as punk hits 40 - The Financial Times reports on the events being planned by the Mayor of London and Heritage Lottery Fund to mark the anniversary of the movement's year zero - "a cultural event but also a lucrative marketing opportunity"
Anarchy gives way to tourism as punk hits 40 - The Financial Times reports on the events being planned by the Mayor of London and Heritage Lottery Fund to mark the anniversary of the movement's year zero - "a cultural event but also a lucrative marketing opportunity"
Rise in space junk could provoke armed conflict say scientists - The Guardian carries Russian research which suggests fragments of spent rockets and other hurting hardware in space poses a "special political danger"
China has highest ambitions in a world reaching for the sky - The Times says more skyscrapers will be built in 2016 than in any other year, with many of them in China, and 27 in the "supertall" category of 300m or higher
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