These are my links for May 30th: Liquidators of Bear Stearns funds lose court appeal – Yahoo! News – The Cayman directors of Bear Stearns Cayman hedge fund had ‘no substantial involvement’ in the business US Court rules. It sounds like a statement of the obvious, or maybe an accurate assessment of the place.

Tesco’s claim that it doesn’t avoid tax has been blown clean out of the water by Private Eye. In this week’s edition the Eye notes that, as it puts it, Tesco has been avoiding corporation tax through a complex web of offshore operations. That is, of course, exactly the allegation the Guardian also made a
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AccountingWeb has an article in which it is claimed that 95% of accountants may be negligent with regard to tax planning because they do not tell all their clients of all the tax planning schemes that might be available to them. I think that an absurd suggestion and have said so on that site, saying:
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I note BAT now has a new reason for not paying UK tax. Previously it was that it’s UK head office made a loss. That’s been their story for the last year or so, until a week or two back. Now I note that they told the Sunday Express that it’s because all it’s tax
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Is this justice?: If the person sought to be taxed comes within the letter of the law he must be taxed, however great the hardship may appear to the judicial mind to be. On the other hand, if the Crown, seeking to recover the tax, cannot bring the subject within the letter of the law,
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I was quoted in the Independent on Sunday saying of the new corporation tax review: It has no representatives from the professions, only one from the TUC, none from small business all of whom have interests in corporate tax – how can it come up with the right answers? Yet again, I wonder why it
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The Sunday Express is the latest paper to notice the comments John Christensen, the international director the Tax Justice Network, and I have to make on tax. I apologise for the time taken to get to them on here, but I’ve been travelling. Several things shocked that paper. The first was that those companies complaining
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I’m still struggling to believe that anyone could as blatantly promote tax evasion Konrad Hummler, a partner in Wegelin & Co., did when saying this to Der Spiegel: German tax evasion is a legitimate defense by citizens attempting to “partially escape the current grasp of the administrators of a disastrous social welfare state and its
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These are my links for May 23rd: FT.com / Companies / Financial services – CitiâÄôs Weill admits flaw in 2003 succession – It was good for Prince though. And wasn’t that what mattered to him?