multinational

If it proceeds, the legal action would be the first of its kind brought against the pharmaceutical multinational in the UK.

“Now they’re cogs in enormous, multinational operations where one domino suddenly sends 50 others falling.”

Its last operator, Mexican multinational building materials company Cemex, declined to comment on the closure.

Big, multinational corporations, are likely to be able to take on and absorb the extra costs, but smaller, independent companies, are to be hit harder by tax rises.

It is often acquired from multinational firms that specialize in the product, but subsidiaries of large insurance companies sometimes buy reinsurance from a parent.