Accountancy Age has reported that:
Sir Mike Rake has been given the high-profile task of policing the new code of conduct for private equity firms that will be released by Sir David Walker tomorrow.
The code is aimed at making the buy-out industry more open and transparent. According to the Times, it is a voluntary code that [...]
The Tax Justice Network issued the following notice today:
Invitation to Participate in a Workshop onTAX JUSTICE, TRANSPARENCY AND ACCOUNTABILITY
Essex University, 3 - 4 July 2008
The role of transparency and accountability in creating tax justice will be the main theme of the sixth annual research workshop in the current series jointly organised by the Association for [...]
A Green Fiscal Commission has been launched. I welcome this, and its objective about which it says:
There is now general agreement among policy analysts that a significant programme of green fiscal reform (in which environmental taxes are increased, and other taxes are reduced in a fiscally neutral way) could play a considerable role in contributing [...]
The FT has noted that Dave Hartnett, HM Revenue & Customs Director General is putting pressure on foreign owned banks working in the UK and the Crown Dependencies to cooperate with his authority by disclosing full details of bank accounts held offshore by their customers resident in the UK.
Quite right to, but as ever its [...]
The FT has reported that:
The public prosecutions’ office in the British Virgin Islands has told the US government it has “overwhelming evidence” that Leonid Reiman, Russian telecommunications minister, is the “true beneficial owner” of a fund that owns a large part of Russia’s telecoms industry.
The arrangement which hides the true ownership has been managed by [...]
I note that the FT has reported that:
The plan for a $75bn superfund to buy assets from cash-strapped structured investment vehicles appears to be gaining support among sceptical institutions, amid concern that SIVs might start dumping bank debt.
The planned superfund, which is being put together by Citigroup, Bank of America and JPMorgan Chase with the [...]
Accountancy Age notes that:
The Irish Revenue office has raised €3.5m from the underpayment of tax by accountants, after an audit of 82 accountants found 52 had underpaid their tax. The accountants had to pay €1.3m in interest and €0.4m in penalties.
No one knows who the accountants are.
But what a shocking indictment of the ethics of [...]
I am aware that my latest comment on why Jersey and the Isle of Man will fail the EU Code of Conduct on Business Taxation has been well circulated in Jersey this weekend. I also hear that Senator le Sueur, its finance minister, has described it as a “rant” to which he will provide a [...]
