These are my links for July 31st:
EUobserver: Could the credit crunch destroy the Eurozone? - Keynesian fiscal policy is very relevant today. Ultimately, when nobody else is willing to spend and when credit is tight, it is government which must spent its way out of the crisis.
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These are my links for July 31st:
BBC NEWS | World | Africa | Logging firms 'avoid Congo tax' - Danzer offer comment on 'Conning the Congo'
Shareholders rocked by water chief's past - Accountancy Age - Who's embarrassed by Northern Rock?
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These are my links for July 31st:
FT.com / Companies / Financial services - Provident picks up business from the banks - The Bradford-based company said tighter credit conditions offered it an opportunity to expand its small-scale doorstep lending to low-income householders unable to borrow elsewhere. And so their abuse of the most vulnerable in [...]
Senator Carl Levin and the US Senate Permanent Sub Committee on Investigations have been back in action, looking at non-payment of payroll taxes in the US. As is usual they commissioned a report from the US Government Accountability Office on the issue. It’s findings are staggering:
IRS records show that, as of September 30, 2007, over [...]
The FT has reported that:
Banks have been given a one-year reprieve by US accounting standard-setters from having to take up to $5,000bn (£2,520bn) of debt assets on to their balance sheets, easing fears that they would be forced to raise large amounts of new capital quickly.
Robert Herz, FASB chairman, said that the move was made [...]
These are my links for July 30th:
Taxman must be wary of All-out war on advisers - I agree, but without an effective Code of Conduct to which compliant subscribers could subscribe the profession is not helping itself because it isn't pushing the bad apples out of the fold. We've written that Code, of course. Check [...]
It’s been a day for major stories. Another has just emerged from the UK’s Courts. The House of Lords, the UK’s highest court, this morning OVERTURNED the High Court’s ruling of April 2008 that the Director of the Serious Fraud Office (SFO) acted unlawfully when, acting on government advice, he terminated in December 2006 a [...]
The follwoing comes from the Greenpeace International website. As I contributed to the report “Conning the Congo” to which it refers, I’m happy to reproduce it here.
Conning the Congo
Just as the need to save the world’s forests for climate protection is becoming widely recognised, we have discovered that major logging companies - operating in the [...]
I note that the Right have already been reading the Guardian’s accounts, published today, and are spreading misinformation about its effective tax rate, no doubt because of the Tescos case.
To set the matter straight, this is their profit and loss account:
And this is the relevant note to the accounts:
Now let’s be clear: what this shows [...]
The following motion has been proposed for discussion at the TUC conference in September:
P26 Tax justiceCongress welcomes the publication of the TUC pamphlet The Missing Billions, which reveals that many companies and wealthy individuals are manipulating the tax system to avoid paying £25bn in tax each year.
Congress believes this undermines the development of a more [...]
