Michael Meacher MP spoke on tax justice in the budget debate. It’s one of the fullest speeches on the subject in the House of Commons, so I reproduce it in full:
Mr. Meacher: There was one rather odd omission from the Budget. It contained next to nothing about dealing with tax avoidance. That is quite surprising [...]
These are my links for March 21st:
Comment is free: Money from thin air - James Robertson argues the case, convincingly
It was good to celebrate my 50th birthday this morning reading an excellent article in the Guardian with the above title. As the sub-title said:
Jersey’s status as a tax haven has made it one of the richest places on Earth. But there is a widening gulf between the millionaires of the financial sector and locals [...]
These are my links for March 20th:
The cat’s out the bag: Big 4 are Big 4x | AccMan - Excellent analysis by Dennis Howlett, and with Francine McKenna on the scene as well it’s got to be right
Guy Hands threatens offshore move - Accountancy Age - Threats, threats, threats
Shareholder group accuses ministers of rigging Rock [...]
I think this is fantastic. It’s the new logo of the Tax Justice Network’s French partners:
I have triggered a lot of debate it seems on SME tax reform.
I just posted the follwoing comment on AccountingWEB and thought I would repeat it here. It does in part answer questions posed here:
Can I summarise what I have actually recommended since I think this might help?:
a) That Limited companies have a minimum capital [...]
These are my links for March 19th:
FT.com / Companies / Financial services - Accounting chiefs defend ‘fair value’ system - Fair value works? Not if you want a true and fair view it doesn’t. And most certianly not in a downside market.
I note that the Far Right blog community are very upset with me tonight and are visiting this site in droves.
The want to defend their friends in the Tax Payer’s Alliance, about whom I have written.
As usual they’re doing so by offering abuse. You should see some of the stuff I’m deleting!
It seems they’re incredibly [...]
AccountingWEB’s Business Zone has covered David Drew’s EDM on income shifting. What’s really interesting though is the reaction of Grant Thornton’s George Bull, who has said:
At the heart of this EDM are the same problems for HMRC, [which is] how do you value the contribution of different people in a small business? You end up [...]
The following Early Day Motion was tabled in the House of Commons yesterday:
EDM 1195INCOME SHIFTING AND THE FUTURE OF SMALL BUSINESS TAXATION
17.03.2008
Drew, David
That this House welcomes the decision announced in the Budget to defer legislation on what has been described as income shifting within small limited companies and partnerships; and calls on HM Treasury and [...]
