My del.icio.us bookmarks for January 14th
January 15th, 2008
These are my links for January 14th:
- Angel Train bidders could fall foul of anti-avoidance rules - Accountancy Age - See http://www.taxresearch.org.uk/Blog/2007/10/05/rail-companies-pay-79-corporation-tax/ - and you’ll see this is all about avoidance, and nothing more.
- Foreign banks wary of tax changes in UK - Accountancy Age - What, and London might cease to be the biggest tax haven in the world? Bring on those changes, so I.
- It fell off the back of a lorry : AccMan - Just to prove anyone can lose data……..
- How to save 43% on audit fees: dump Deloitte - Sobering thinking: and I’m sure it’s right
- With friends like these … Tom Hodgkinson on the politics of the people behind Facebook - Worth a read - is the social networking site promoting tax havens?
- Report: SMEs will struggle more under Labour tax policies - Accountancy Age - So why has the number of small companies mushroomed in the last ten years? Please explain that
- Business advisers predict fraud âto explodeâ - Accountancy Age - Tax havens must be rubbing their hands with glee
I don’t think the report is saying the number of SMEs will be restricted rather that the growth prospects of the “successful” ones will be affected:
The report, due to be published next month, shows a deterioration in small businesses, claiming that their rate of growth has collapsed over the past decade. The ESM’s team of analysts says the number of companies reaching an annual turnover of £1m five years after their creation has halved under the Labour Government, from 29 per cent in 1996 to 16 per cent in 2006.
But if there are many more small ‘one person’ businesses that is almost bound to be true.
Statistically that says nothing at all.
I think this is misinformation based on bogus stats.