Jets and taxes: The 5 Minute Debrief
1. Jets and taxes
If ever there was a week to bury bad news… The purchase of the F-35 Joint Strike Fighter continues to split audiences, but the UK Parliament this week released a report that labelled the programme as a financial "high risk" because auditors had failed to account for VAT when signing off on the aircraft. The 360 degree turn on which variant of the fighter to buy – from the STOVL B to the catapult-launched C and then back again – has also added millions...
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