The WSJ – on Barclays and its tax tricks The Wall Street Journal has published an article on the tricks that a team at Barclays bank have been playing to reduce the tax bills of some of their major multinational clients. A story stub is available on the WSJ site. The story starts as follows:
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OK, I’m an Irishman (after all, what did you expect with a name like Murphy?). Alright, I was brought up in the UK, but 27 million of the world’s 30 plus odd million Irish passport holders were born outside the place, but we remain Irish all the same. And unlike a lot of them I’ve
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Peter Penneycard, National Director of Tax at PKF, is quoted as saying “There is a huge gap between fraud and tax planning but the Government’s attitude is that they are merely different sides of the same coin.” on Shout 99. Well, if he really said that (and I have little doubt that he did because
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The Taxpayer’s Alliance and others have called for the Treasury to develop a dynamic model of taxation at the weekend. But as is so often the case when the self interested talk about tax there are a number of serious flaws in their logic. Firstly, they are a little na?Øve to assume that the Treasury
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The Forum of Private Business in the UK, inspired by a remarkable record shop owner turned campaigner Richard Allen, has been campaigning against the VAT abuse where CDs and DVDs are shipped from the UK in bulk to Jersey in the Channel Islands to be returned in separate packets the next day to UK customers,
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Is it a bit vain to blow your own trumpet? Well, maybe, but I admit I was amused to find I had been featured in Accountancy Age on 7 occassions in the last six weeks. The individual stories were (the more important ones being in bold): Offshore evasion continues By Alex Hawkes | accountancyage |
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Nick Cohen wrote eloquently in the Observer yesterday about the knighthood given to Philip Green. He noted that: “in the spring, the BBC’s Money Programme calculated that Green and his family had ‘saved themselves’ £300m from their £1.2bn salary by living for a part of the year in Monaco, whose residents don’t pay income tax.Standing
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I have always had a considerable problem with the concept of trusts, even as a practicing tax accountant. But I have much more of a problem with Jersey’s new trust laws passed in May 2006 which allow the creation of ‘sham’ trusts where there is in fact no such thing, but just the bogus impression
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The ACCA published a report they commissioned from me entitled “A flat tax for the UK? The implications of simplification” on 6 June. The report was paid for by ACCA research funds and as such had to meet strict, objective academic research standards, including (as is essential for a professional institute) a neutral approach. But
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