The following notice has just been published by the Financial Reporting Council: The Financial Reporting Council (FRC) today publishes the decision of the Appeal Tribunal following an appeal by Deloitte & Touche, who were advisers to MG Rover Group, and Mr Maghsoud Einollahi, who was a partner at Deloitte & Touche. The FRC notes that
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Amongst the new tax data from HMRC published today was updated information on the income of the self employed. That for 2012/13, the most recent year, was as follows: That was interesting. It shows a large number of the self employed are part time, and earning as much or more from employment as self employment.
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This press release came from Action Aid, today, and is worth sharing: One of Africa’s most high-profile banks – Standard Chartered – publicised the advice of a Mauritius-based financial company on how to avoid tax in some of the poorest countries in the world, a new ActionAid report states. The FTSE-100 bank which operates in
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Research has shown most people have little clue how income is distributed in the UK. In particular, the wealthiest think they are worse off then they are and many on what is called ‘middle income’ do not realise that they earn much ore than ‘middle’. Latest data from HMRC, just published, emphasis this. I have
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The Greens, UKIP and SNP all presented tax proposals yesterday in the run up to the election. The Greens suggested a wealth tax on those with assets of more than £3 million a year. Its targeted, tackles a real and growing issue of social concern in the form of wealth inequality that is doing so
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The Bureau of Investigative Journalism reported this in March last year: The US government makes vast interest payments to technology giants including Apple and Microsoft on the billions of dollars they shelter from tax offshore. A trawl of Securities & Exchange Commission (SEC) disclosures shows that Apple, Microsoft, Google and Cisco Systems hold $163 billion
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The UK government’s long term borrowing rates fell to an all time record low yesterday. The price of ten year bonds fell to 1.396% whilst 30-year gilt yields also dropped, to a new low of 2.102%. Three comments seem to be appropriate. The first is to recall that in 2010 George Osborne said that unless
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The Fair Tax Mark is featured in The Times this morning but I don’t pay to read it so I can only feature the headline: The corporate tax system is open to abuse but measures are afoot to plug loopholes What I can confirm is they come out firmly in favour of the transparency we propose.
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The last of the ‘pullover’ videos deals mainly with issues relating to tax competition: If you want me to suggest a company that has no clue what to do with its money start with Apple. It’s cash pile exceeds $100 billion.