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(Curiously, the original headline on Eric Dash's NYT piece was "Sharp Pencil Lets Citigroup Declare Profit". By the time the piece made it onto the Times website, the headline was softened to, "After a Year of Losses, Citigroup Finds a Profit").
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He has also muted plans for a new crackdown on multinational businesses who don't declare profits in the UK.
Greece could therefore declare profits equal to a good chunk of the €440bn fund, which the EFSF have been trying to raise since 19 July 2011.
In the autumn statement in December, Osborne will outline plans to force companies to declare profits made in the UK and pay tax on those profits here, not offshore.
Only if every country goes public, says Cameron – global agreement yet again an excuse for inaction as G8 leaders drag their heels on making companies declare profits in each country.
Because of this deduction, most ridehailing drivers are able to declare profits that are substantially lower.
Tax expert Richard Murphy, who was a prominent backer of Jeremy Corbyn's leadership campaign, estimates that Google should be paying £200m a year in corporation tax, based on the firm's declared profit margins and sales 2014 sales in Britain of £4.5bn.
He said the figure was based on the firm's declared profit margins and sales in Britain in 2014 of £4.5bn.
By using Google's own declared profit margins of around 25%, it would appear as if the technology giant could be paying more Corporation Tax in Britain on its £4.6bn annual sales.
Google declares profits in Bermuda, where corporation tax is zero.
Meanwhile, the branch of Amazon that runs its UK fulfilment centres paid £1.7m in taxes, despite declared profits of £72m.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com