Intray (FTZ) 2024 – 9 x 17 x 27cm, sheet plastic, vinyl lettering, acrylic paint, spray paint, cardboard, tracing paper, gold thread
FTZ stands for Free Trade Zone.
Every time I look into any company affiliated with the UK Govt’s SEZs and Freeports program , there’s always a whole list of controversies associated with them, of course they love free zones. Deloitte’s revenue in 2023 was $64.9 billion, here’s a page from their website gleefully eyeing the UK’s 74 SEZs and 12 Freeports and the numerous tax breaks for corporations.
Deloitte has an atrocious track record of hacking employees data, theft of intellectual property, serial fraud, filing misleading reports into the Tobacco Industry, added credibility to the tobacco industry’s effort to undermine the Australian Government’s plain cigarette packaging legislation
In September 2017, The Guardian reported that Deloitte suffered a cyberattack that breached the confidentiality of its clients and 244,000 staff, allowing the attackers to access “usernames, passwords, IP addresses, architectural diagrams for businesses and health information”.
The Securities and Exchange Commission announced on 29 September 2022 that Shanghai-based Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte-China) had agreed to pay $20 million to settle charges relating to failures in complying with requirements for auditing US companies in China and Chinese companies in the US.
Deloitte was awarded a $44 million no-bid contract by the Centers for Disease Control and Prevention (CDC) in the United States to build a website to manage scheduling, inventory, and reporting for COVID-19 vaccination. However, the website functioned poorly, leading very few states to adopt it for their vaccination management.
A Deloitte network firm named Brightman Almagor Zohar & Co, sometimes known as Deloitte Israel, gave an unqualified audit opinion on the accounts of Tingo Group, Inc for 2022. This became controversial when a report by Hindenburg Research identified “obvious errors” in Tingo’s financials, making Hindenburg “suspect Deloitte Israel missed or rushed through procedures that would have uncovered important findings”, and the U.S. Securities and Exchange Commission accused Tingo Group and others of a fraud of “staggering” scope.
Deloitte is in bed with the duopoly and is very happy about Starmer’s changed Labour Party’s deregulation plans announced at their recent ‘Investment Summit’ deregulation is catnip for malign criminal corporations setting up shop subsidised with public money at £160 million per SEZ in the UK’s 86 Free zones.
Ther are more controversies connected with Deloitte, but what I wanted to point out was their website highlights the House of Commons 2024 investigative report into Englands 48 SEZs and 8 Freeports. (see picture below). That same HoC report cited lack of transparency, ignoring the Nolan principles, and questions over value for taxpayers money. The HoC recommended the National Audit Office investigate, this was refused permission by Rachel Reeves 6 days into office. The whole SEZs/Freeports project is a govt backed corporate scam that will entrench deregulations CPOs, and asset stripping to privatise entire regions of the UK. I cannot emphaise enough how dangerous this is for the UKs public sector, the UK MSM is ignoring this story, but watch as all the pieces of the puzzle fall into place just, oh and guess who else is a big fan of free zones and free cities? Donald Trump.