Business quote of the day: "Companies would get round it"

KPMG has little time for the Chancellor's plans to clamp down on tax avoidance.

This would just replace one set of complicated rules with another and companies would get round it.

Chris Morgan, head of tax policy at Big Four accountancy firm KPMG, casts doubt on plans from the chancellor to make the tax system more transparent and close a tax loophole known as “unitary” taxation. The move follows G20 finance ministers pledging to crack down on tax avoidance by multinational companies.

Osborne. Photograph: Getty Images

Helen Roxburgh is the online editor of Economia

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Space Oddity? Dr David Bowie is treating former astronaut Buzz Aldrin

Ground control to major coincidence.

The 86-year-old former astronaut and second man on the moon Buzz Aldrin has been evacuated from the South Pole to hospital in New Zealand. Your mole thought this was yet another piece of dismal 2016 news, before the silver lining popped up on Twitter. Aldrin’s manager Christina Korp sent a thrilling message about her client’s treatment:

Yes, the real-life “Starman” is going to be treated by a doctor who shares his name with the late pop icon who wrote “Space Oddity”, “Life on Mars?”, “Ziggy Stardust” and “Starman”, among many other odes to space.

In fact, Bowie’s “Space Oddity” hit about ground control losing contact with the fictional astronaut Major Tom was released in 1969, a few days before Aldrin and Neil Armstrong became the first humans to walk on the moon. This mole’s whiskers are quivering at the poignancy.

I'm a mole, innit.