Dennis Howlett has done a great job writing on the above issue.
So good, I just recommend you go over to his place and read it.
If ever there was a measure of the crisis in accounting, this is it.
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It’s a fact that we cannot do without taxes. That’s because we cannot do without government. And we cannot do without markets either, at least in the world as we know it. The relationship is symbiotic: governments provide the structure in which markets can work: markets need government as their insurer of last resort: populations […]
Dennis has waded into this debate.
And he can see no more merit in PWC’s TTC than I can. As he put it:
[Do] PwC think we’re all idiots? A year 1 CIMA student could work out just how appallingly illogical this argument really is.
The sadness in all this is that well meaning people are being hood […]
There are some things that are simply worth reading this weekend and which I won’t have time to blog in detail
Please read Prem Sikka on audit failings and the sub prime crisis.
Read Dennis Howlett on the same issue.
And Dennis again on TI.
These aren’t to be missed. Your weekend will be better for them.
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Dennis Howlett was on the ball whilst I was away in Brussels that last couple of days.
First about the Revenue’s data loss. As he rightly said, this is an IT issue, not a tax one. Second, he was spot on to say that the ICAEW is wrong to say
that the causes are likely to be […]
Prem Sikka is using his Guardian blog to great effect. His latests is called ‘Their hands in our pockets’ and shows just how often big business abuses the market system for its own benefit.
As Dennis Howlett said in his review of this blog:
Prem Sikka’s indictment of Tesco, Asda, Morrisons, Safeway and Sainsbury’s as a cartel […]
The NJ Biz reported yesterday that:
Growing concern over a federal agency’s four-year-old decision to grant patents on tax strategies has some CPAs in New Jersey and elsewhere worried about counseling clients on tax planning.
But “if drugs can be patented, why not tax strategies?” asks E. Martin Davidoff, a Dayton CPA and tax attorney, referring to […]
Dennis Howlett has written a long and considered response on his blog to a claim made elsewhere that claimed:
If the cult of the amateur is growing, it’s a direct response to the failures of said professions. As budgets are repeatedly slashed (we can’t afford to actually audit those accounts!) authority dissolves and ethics collapse. The […]
Dennis Howlett has commented on the same Sunday Times price that I referred to yesterday (which I suspect he found here). He’s much more robust than me. He does not accept that blame for offshore tax evasion can be deflected to banks. He blames accountants , as I do too: in the scale of suppliers […]
Dennis Howlett and I have an interesting relationship. We are both natural bloggers. Sometimes we agree: sometimes we don’t!
Dennis has commented on ‘Closing the Floodgates’ at his place. One comment I found curious. He said:
There are some weaknesses in the argument. It depends on a definition of ‘corruption’ that embraces commercial activities that while logical […]
