The FT has covered the decision of the International Accounting Standards Board to engage with Publish What You Pay. Barney Jopson at the FT has got his head round this issue, and has written a really good report. I’d recommend reading it here.
Technorati : accounting, international accounting standards, publish what you [...]
I mentioned earlier this week that the International Accounting Standards Board had the chance to do something amazing this week.
I’m sorry to say they didn’t take that opportunity. What they did do can be summarised as follows, which comes from the website of IASBplus:
The Board discussed issues raised by the Publish What You Pay campaign [...]
The correspondence between Jersey’s tax officials, civil servants and politicians draw attention to some pretty unsavoury consequences of that island’s new trust laws. It would therefore have been all too easy to overlook the issues raised with regard to the introduction of 0/10 corporate taxation in the island.
The 0/10 regime is Jersey’s economically suicidal response [...]
It seems to be a day when proof of the assertions the Tax Justice Network have made about the offshore world is coming along by the bucketful.
After the evidence that the Thai government was toppled because of offshore corruption, now comes the undeniable evidence that carousel fraud is based offshore in first rate reporting by [...]
The coup in Thailand provides unfortunate but undeniable evidence that tax havens undermine democracy. The coup has been motivated by the hatred of the corruption associated with the Shinawatra government, most amply demonstrated by his own massive abuse of the taxation laws of the country when he sold his shares in the Shin Corporation which, [...]
The Lib Dems in the UK have voted to drop their plan to increase the top rate of tax to 50% for those earning over £100,000.
In my heart I know all the reasons why many wanted to keep this policy. In reality, I’m happy with the reform on condition that (and in the case of [...]
I have written an article for AccountingWEB today on tomorrow’s IASB meeting at which they will be discussing Publish What You Pay’s submission on segment reporting.
Because you cannot access AccountingWEB unless you register, and not everyone wants to, the article is also available here.
I won’t reproduce the whole argument here - but the first paragraph [...]
The FT published a letter on Monday asking for more tax competition. It seems it thinks itself duty bound to do so about once every three month. I won’t reproduce it. They all have the same themes:
1) UK business pays too much tax;2) The UK is out of line on tax rates;3) If only tax [...]
Frank Walker, the Chief Minister of Jersey has responded to yesterday’s Observer article by placing comment in the Jersey Evening Post, the only newspaper in the island. His comments are available here (the JEP web site is so bad it’s not worth linking to).
Unsurprisingly the paper gives Walker a free hand to say what he [...]
The difficulty of dealing with the mails that have come out of Jersey in the last few days is knowing where to start. There is so much within them that requires comment. But it’s clear the key issue in here is a simple one: the fact that Jersey is knowingly helping tax evaders to pursue [...]
