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Monthly Archives: June 2007

Tax us if you can

28-Jun-07

I was principal author of a report with the above name in 2005, working with John Christensen and Jenny Kimmis. It was good to see that although the debate has moved on this publication is still doing a good job. Maybe it’s because it is now available in six languages.
This article came out in Canada [...]

Oxford Centre for Business Taxation - how do they choose their samples?

28-Jun-07

I’m at Oxford today and tomorrow for the annual conference of its Centre for Business Taxation. My views on the work of the Centre are pretty well known, and have been since its inception when I recall making comment on its governance structures in Accountancy Age. My confidence about the programme has not been increased [...]

Credit where it is due

28-Jun-07

I am not a great fan of PWC’s Total Tax Contribution. But credit should be given where it is due. The latest incarnation includes recommendation that:

Tax numbers and performance should include:- a clear explanation as to why the current tax charge is not equivalent to the statutory rate of corporate income tax;- a transparent reconciliation [...]

Will the US beat the tax havens?

28-Jun-07

The Bahama Journal has reported:

The Bahamas and other offshore financial centers like it in the region may be able to breathe a little easier after CARICOM has received an “assurance” that the Stop Tax Havens Abuse Bill will likely not bear fruit.

Apparently this was:

one of the issues that Heads of Government of the Caribbean Community [...]

Prince of Wales made ICAEW honorary member

27-Jun-07

Somehow I missed this. I can only guess it’s for tax dodging.
No one asked me for my consent. If I had I’d have referred them here.

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The FT’s really with us

27-Jun-07

Martin Wolf seems on a wavelength with Monday’s FT editorial when writing in today’s FT. He says:

Critics would levy three big charges against modern financial capitalism: it is unjust; it is inefficient; and it is unstable. This charge sheet is as old as capitalism itself.

I’ll ignore his arguments on this first two here because his [...]

BAE Systems faces the threat of substantial fines and criminal prosecution

27-Jun-07

Good
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TJN submits evidence to US Senate

27-Jun-07

The Tax Justice Network has submitted to the US Senate Finance Committee hearing on tax havens. Jersey and Guernsey both submitted evidence to that hearing on 17 May. In doing so Senator Walker, Chief Minister of Jersey claimed:

Jersey is a long standing international finance centre providing a wide range of financial and professional services and [...]

I do care about Jersey

27-Jun-07

It’s been said I don’t care about Jersey. I do, but not in the way some do.

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Tax needs to be regulated, worldwide

26-Jun-07

Yesterday’s FT editorial was important. In it they said:
The liberation of finance is one of the most significant transformations brought about by today’s era of globalisation.
But then they noted:
Yet the survival of unchained financial capitalism cannot be taken for granted. It will endure only if a sizable portion of humanity decides that it serves their [...]