http://www.taxresearch.org.uk/Blog/2007/11/30/pwcs-total-tax-the-fundamental-accounting-flaw/ Richard Murphy on tax and corporate accountability Thu, 08 Jan 2009 23:21:42 +0000 http://wordpress.org/?v=2.6 http://www.taxresearch.org.uk/Blog/2007/11/30/pwcs-total-tax-the-fundamental-accounting-flaw/#comment-296837 PwC’s strange vision of tax and cost : AccMan Sat, 01 Dec 2007 06:14:00 +0000 http://www.taxresearch.org.uk/Blog/2007/11/30/pwcs-total-tax-the-fundamental-accounting-flaw/#comment-296837 [...] Richard Murphy argues that PwC makes a “fundamental accounting flaw inherent within” its Total Tax Contribution report. Richard says in relation to the diagram reproduced below: Seen the problem yet? It’s this: the total tax rate is expressed as a percentage of profit. [...] [...] Richard Murphy argues that PwC makes a “fundamental accounting flaw inherent within” its Total Tax Contribution report. Richard says in relation to the diagram reproduced below: Seen the problem yet? It’s this: the total tax rate is expressed as a percentage of profit. [...]

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