There are those who are honest about the 50% tax rate. This is part of a letter in the FT. Read it all: Sir, Like Tim Elster (Letters, April 28), I am in line to pay the new 50 per cent rate of tax. I read that high earners are apparently depressed, demotivated and planning
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I gather the International Accounting Standards Board is looking for a couple of investment professionals – perhaps banking analysts – who might advise their Financial Instruments Global Resources Group as part of the IAS 39 review. Why banking analysts? Why ask the Big 4 for nominations – as seems to have happened? Why not ask
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More than 200m stories on CDC Group on the web this morning, and rightly so. I pick the Guardian’s and limited themes (others can deal with issues such as clearly excessive pay): The Commons public accounts committee said ‚Ķ [there was] a lack of evidence that the investments handled by the fund reduced poverty. In
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FT.com / Companies / Automobiles – Chrysler teeters on brink of bankruptcy. More human agony. But also more indication that the future is going to be very different. And thyat we’ll need the State to get us through the transition.

The FT has reported: Ireland’s unemployment rate climbed to 11.4 per cent in April, from 7.7 per cent at the end of 2008, putting further strain on the public finances. The independent Economic and Social Research Institute think-tank predicted worse to come, forecasting that the jobless number will average 16.8 per cent of the workforce
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BBA – British Bankers’ Association – Transfer Pricing Briefing. Note the above says it will: Assess.. the increasing status of transfer pricing as the most important tax issue It is. That’s why we need country by country reporting.

Accountancy Age says: New legislation that could see fines imposed on finance directors at companies with sloppy procedures for calculating tax returns is heavy-handed and inconsistent, tax experts claimed this week. The liability rule, which was announced in last week’s Budget and will be introduced in the next Finance Bill, will require chief accounting officers
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The Times reports: Illegal transfers of billions of dollars from India to Western tax havens have become a big issue after two weeks of campaigning in the country’s general election. As calls increase worldwide for a crackdown on the illicit movement of capital, L. K. Advani, the leader of the main opposition Bharatiya Janata Party
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As the US House Committee on Financial Services has noted: In an important shift in the World Bank’s approach to development, today the Bank announced the suspension of the controversial “Employing Worker” Indicator (EWI) and a commitment to reexamine and revise both the EWI and the “Paying Taxes” Indicator in its annual country-ranking exercise called
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