The CORE Coalition and Save the Children have published a report on why CSR does not work. I recommend reading the press release, even if you don’t get to the whole thing. The report says that:
“voluntary initiatives alone are wholly inadequate as a means of improving the lives of children. This is because they fail [...]
I was in a meeting with some tax directors of some pretty major companies recently. It’s amazing what they’ll say to a lay audience. Try this:
Deferred tax is just a timing difference; it’s always paid in full in the end.
The cut in UK corporation tax proves that’s not true. The tax director in question will [...]
I wrote recently about what client’s want from their accountants. That was based on my own experience of more than 20 years in practice. That experience also tells me most accountants don’t deliver what is required.
The fundamental reason is simple. They impose their desires on their clients. Accountancy Age reported recently that most accountants are [...]
The cut in the UK basic rate of tax will cost the charity sector millions in lost relief. Tax cutting is not a panacea.
There is a simple solution:
1) Assume all gifts to charity are out of income taxed at basic rate (which is not unfair)
2) deny tax relief at higher rate on charitable contributions, which [...]
I noticed someone said this in Accountancy Age:
‘The Netherlands and Ireland have low tax rates, but their populations are tiny when compared to the UK. There is not the same opportunity in such countries to run real economic activity. The money taxed is not earned there, it is generated elsewhere and then moved,’
Then I noticed [...]
You can’t build an economy on tax breaks. Ireland proves it. Look at this for an example of paranoia about how vulnerable they are to tax, written by Declan O’Neill, Partner, Corporate Tax Services partner in Ernst & Young Dublin, commenting on their 2007 Budget:
While some of the changes announced in the Finance Bill will [...]
There’s much talk of banking and other business quitting the UK. So I was curious to note that the FT reports this morning that:
Citigroup is setting up a global commercial banking operation in London that will push into medium-sized corporate lending in the UK and Germany.
The move is part of a broader restructuring of Citigroup’s [...]
I was fascinated to read some post-Budget commentary from the Daily Mail this morning. This is, of course, the favourite paper of ‘middle England’. Alex Brummer said in an article for them:
We may be a long way from ‘flat taxes’ (where there is just one rate of tax for both individuals and corporations) [seen] in [...]
It’s always good to reflect on things overnight. I have thought on the budget. My feelings are:
1) Terribly weak on the environment and all things to do with environmental taxes;
2) I think it’s a real indictment of a Labour government that the likely losers from this budget are relatively low paid people without children. The [...]
