So the Revenue have lost some data. As the Independent puts it:
What kind of personal data is contained on the lost discs?
A frightening amount of information: names, addresses, dates of birth, child benefit numbers, national insurance numbers and bank or building society account details.
And the world has gone ballistic. So let me add a note [...]
I have already commented upon the state of the press in Jersey this morning. Let me add further example of the state of the press in the Crown Dependencies, this time in the Isle of Man.
My blog on why Jersey and the Isle of Man would fail the EU Code of Conduct was mailed by [...]
The Walker Code on private equity will be published today.
I have little to add to the despair I expressed yesterday when learning that Sir Mike Rake was to head the review process.
And in any event Brendan Barber of the TUC seems to have said it all when saying:
While disclosure is vital, the wider implications of [...]
There’s much talk in the City of junk bonds, many of them issued by offshore SPVs, SIVs and CDOs. There’s little talk of “junk equity”. But that’s what Northern Rock has now got.
Let me explain. The balance sheet of Northern Rock shows that just 4% of its money has been provided by its shareholders. 70% [...]
The Jersey Evening Post has a four page supplement tonight explaining how the States will deal with the ‘black hole’ arising from the 0 / 10 tax policy the Island has adopted. I have not read it all - in fact, it’s only been read to me in part because none of it is on [...]
Marty Sullivan has been continuing his work on the UK’s offshore tax havens, this time looking at the Isle of Man. He concludes:
At the end of 2006, there were $150.5 billion of assets in the Isle of Man financial sector beneficially owned by non-Isle of Man individuals who were likely to be illegally avoiding tax [...]
The FT reported on Saturday that:
Companies doing business in “terrorist-sponsoring states” could once again have their names under scrutiny under a controversial plan being revived by the Securities and Exchange Commission.
What the SEC has suggested is the development of a mechanism to facilitate greater access to companies’ disclosures concerning their business activities in or with [...]
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 [...]
