On Friday I posted a link on the AccountingWEB site to my entry on this blog on income shifting. Given that I was writing about comments made there that seemed fair.
On Saturday morning I noticed that the number of visits being made through the link had not risen since Friday night - which surprised me. [...]
War on Want issued the follwoing press release today:
Tax haven poverty alert
The City of London today came under fire for paying out million of pounds in Christmas bonuses while denying many of the world’s poorest countries the tax owed by British companies.
The anti-poverty charity War on Want attacked the City amid reports that dozens of [...]
I have been reading the reaction on AccountingWEB to the HM Revenue & Customs’ paper on income shifting.
As far as I can tell I am the only accountant who thinks income shifting is a problem. That of course probably means I have the support of the vast majority of the population, since accountants are usually [...]
I was in Oslo this week for a conference on Illicit Financial Flows. There is little I can report - the event took place under Chatham House rules - but one interesting exchange is worth noting.
A member of Transparency International had noted some of the comments the Tax Justice Network has raised about its Corruption [...]
Accountancy Age reports:
A billionaire - ranked 286th in Forbes list of the 400 richest Americans - accused of hiding millions in foreign bank accounts, has pleaded guilty to filing false tax returns and paid back more than $52m in back taxes and penalties.
Igor Olenicoff - a property magnate who owns more than 10,000 apartments and [...]
Martin Wolf is one of the biggest hitters in the world on economic thinking.
He said in this FT column this week that:
These are historic moments for the world economy. I felt the same during the emerging market financial crises of 1997 and 1998 and the bubble in technology stocks that burst in 2000. This “credit [...]
I was quite pleased to find one of my old articles on flat tax reappear on the web of late. It originally appeared on Society Guardian and never made it onto the Guardian web site. But it was very well read in some very useful places, so I thought it worth giving it a new [...]
I’m at a conference. Two great quotes:
The golden rule operates. Those with the gold make the rules.
And
Lichtenstein - a bad real estate deal from the 1860s
I spoke at the Chartered Institute of Tax debate on domicile on Tuesday. Since much of what was discussed was covered by a fairly severe form of the Chatham House rule I can’t report much. .
I can say there appeared considerable agreement on the following:
1. Change to the rule is required.
2. The proposed changes create [...]
Marty Sullivan at Tax Analysts is continuing his series on tax evaded cash in the world’s tax havens. This time he has considered Switzerland. His conclusion:
All the calculations described in this article are summarised in Table 6. At the end of 2006, there were $607.4 billion of assets in Switzerland’s financial sector beneficially owned by [...]
