Comments on: My del.icio.us bookmarks for February 27th http://www.taxresearch.org.uk/Blog/2008/02/28/my-delicious-bookmarks-for-february-27th/ Richard Murphy on tax and corporate accountability Thu, 04 Dec 2008 01:25:20 +0000 http://wordpress.org/?v=2.6 By: john b http://www.taxresearch.org.uk/Blog/2008/02/28/my-delicious-bookmarks-for-february-27th/#comment-391430 john b Fri, 29 Feb 2008 13:37:02 +0000 http://www.taxresearch.org.uk/Blog/2008/02/28/my-delicious-bookmarks-for-february-27th/#comment-391430 Sorry, I introduced an ambiguity while trying to be brief. What I mean is that ABI does not define tax-reducing offshore structures as a sign of bad governance, whether or not you believe them to be a sign of bad governance, and therefore it's misleading to suggest that the ABI report finds a correlation between poor performance and tax-reducing offshore structures. [isn't the reason all major corporate failures have involved an offshore element simply because all major corporates *have* an offshore element? They've also all involved computers and people in suits, but it'd be hard to say that these were key factors in those firms' downfall...] Sorry, I introduced an ambiguity while trying to be brief. What I mean is that ABI does not define tax-reducing offshore structures as a sign of bad governance, whether or not you believe them to be a sign of bad governance, and therefore it’s misleading to suggest that the ABI report finds a correlation between poor performance and tax-reducing offshore structures.

[isn't the reason all major corporate failures have involved an offshore element simply because all major corporates *have* an offshore element? They've also all involved computers and people in suits, but it'd be hard to say that these were key factors in those firms' downfall...]

]]> By: Tax Research LLP http://www.taxresearch.org.uk/Blog/2008/02/28/my-delicious-bookmarks-for-february-27th/#comment-391376 Tax Research LLP Fri, 29 Feb 2008 10:07:16 +0000 http://www.taxresearch.org.uk/Blog/2008/02/28/my-delicious-bookmarks-for-february-27th/#comment-391376 John Offshoring is not the same as going offshore, in fact far from it. The reality is that use of offshore can be a sign of poor governance. Think of all recent major corporate failures (Northern Rock included) and note that all involved an offshore element in the cause of downfall. Richard John

Offshoring is not the same as going offshore, in fact far from it.

The reality is that use of offshore can be a sign of poor governance. Think of all recent major corporate failures (Northern Rock included) and note that all involved an offshore element in the cause of downfall.

Richard

]]> By: john b http://www.taxresearch.org.uk/Blog/2008/02/28/my-delicious-bookmarks-for-february-27th/#comment-391037 john b Thu, 28 Feb 2008 13:44:49 +0000 http://www.taxresearch.org.uk/Blog/2008/02/28/my-delicious-bookmarks-for-february-27th/#comment-391037 Having read the ABI report, <a href="http://www.abi.org.uk/Members/circulars/viewAttachment.asp?EID=18935&DID=15815" rel="nofollow">it's clear that offshoring is not a sign of bad governance</a> in their definition. You may believe offshoring to be a sign of bad governance, but it's misleading to imply that the ABI has suggested that offshoring leads to poor share performance. Having read the ABI report, it’s clear that offshoring is not a sign of bad governance in their definition.

You may believe offshoring to be a sign of bad governance, but it’s misleading to imply that the ABI has suggested that offshoring leads to poor share performance.

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