The scale of the offshore problem is graphically shown by an article in the Washington Post.
If you don’t see it before, now you’ll see why this is an issue that has not just got to be solved, it has to be eliminated.
My blog on the letter I’ve sent to my clients on the ‘tax amnesty’ has proved popular. Actually, that’s a massive understatement, which simply proves the point I’ve made that what accountants want in situations like this is plain straightforward advice and help with practical issues, not someone arguing the legal points about what HMRC [...]
My focus on the tax amnesty means I have not mentioned the serious backing given to the campaign to rid the UK of the domicile rules on taxation in yesterday’s paper.
Nick Mathiason covered concern on this issue from the Lib Dems and questions being asked about whether Gordon Brown’s most senior City advisor, Sir Ronald [...]
I mentioned earlier today that I felt the combined tax institutes advice to their members on how to deal with HMRC’s ‘tax amnesty’ was ‘pathetic‘. In particular I thought the letter they suggested be sent a client missed the required target by a mile.
So, in a spirit of goodwill I’ll tell you this is what [...]
It’s fascinating to read the response to the UK’s ‘tax amnesty’ in the Channel Islands. Remember, the information the Revenue have got on half a million or more accounts only comes from there and the Isle of Man, with Jersey having more cash than the others by some way on deposit with its banks.
Geoff Cook [...]
I’ve already blogged about my profound disappointment with the response offered by the combined professional tax institutes to HMRC’s offshore tax disclosure scheme.
It seems to me that this might be a seminal moment for these institues in the UK for two reasons. First their credibility depends upon the confidence their members have in them. Second, [...]
I have to be candid, I am appalled by the response of the UK’s tax institute’s to the HMRC offer of reduced tax penalties to those making voluntary disclosure of their offshore bank accounts. I’m pleased to see I’m not alone. My friend Dennis Howlett shares my concern.
The first thing that worries me is that [...]
Vemont has voted to start impeachment proceedings against Bush and Cheney.
I checked this wasn’t an April Fool. Then I wanted to cheer. It’s my suspicion both should end up beside Blair being tried for war crimes.
I know this appears to have little to do with tax. But it’s got one heck of a lot to [...]
I’ve been involved in a debate at AccountingWEB which flows from their limited coverage of the new tax amnesty (a story that I note has had many fewer reads there than one on the use of vans by the self employed this week).
In my comments I sought to broaden the discussion and suggested that the [...]
For those in London, and who have interest in both faith and finance then can I recommend a meeting at St Ethelburga’s Centre for Reconciliation & Peace 78 Bishopsgate, London EC2N 4AG?
They promote it as follows:
Wed 2 May 6.30pm
Faith and finance
In the modern world of finance, faith has disappeared from view and long been replaced [...]
