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Category Archives: Ethics

Cayman NetNews on the Christian Aid report

16-May-08

Cayman NetNews has published another of its stunning editorials, this time in response to the Christian Aid report.
Please do read it in full: it’s well worth it. So much so I’m tempted to reproduce it in full, but I won’t, restricting myself instead to the part in which they note Cayman’s reaction to the challenge […]

It’s not just Switzerland that abuses human rights

16-May-08

There is another dimension to the story I noted earlier today about Switzerland’s infringement of a Swiss banker’s human rights through the promotion of banking secrecy.
Elmer is right that tax law can infringe on people’s human rights. But it’s not just Switzerland who does this. The UK does too.
The UK’s domicile rule infringes my human […]

CDC plc

14-May-08

CDC plc had a letter in the Independent this morning. They said:

Sir: Few will doubt the sincerity of Christian Aid’s motives in drawing attention to child poverty in developing countries (”Tax evasion ‘costs lives of 5.6m children’ “, 12 May) but the charity misrepresents some basic facts about CDC, the UK development finance institution.
It is […]

An answer the Right have to supply

13-May-08

The Right are out in force, commenting on the Christian Aid report. I wrote this in reply on the Spectator blog this morning:

There’s always an excuse for greed. Ample are on display here.
There’s always an excuse not to do the right thing.
There’s always an excuse to walk on the other side.
You clearly know them all.
Christian […]

There is morality in taxation

13-May-08

It’s only a month ago that Tim Ridley, chair of the Cayman Islands Monetary Authority becuiase the latest in a long line of tax professionals I have heard say:

There is no morality in taxation

He, like the others, is wrong.
Last night I spoke at the launch of the Christian Aid report entitled Death and Taxes. I […]

Christian Aid: Death and Taxes

12-May-08

This is Christian Aid week in the UK.
Christian Aid launches its annual report linked to that week today. It is called Death and Taxes.
As they say:

The lives of 1,000 young children a day are being lost to disease and poverty in poor countries because of illegal trade-related tax evasion, says a new report from Christian […]

Mike Warburton: shameless, as ever

12-May-08

The Times has an article on HMRC seeking to crack the problem of Swiss tax evasion. It’s good that they are. It’s good that it’s being reported. By working with Germany HMRC have a chance of success. Thank heavens that the UK is realising a multilateral approach is essential.
But who is quoted in the middle […]

Aberdeen Asset Management: another departee who doesn’t pay enough UK tax for anyone to notice

07-May-08

Aberdeen Asset Management is the latest company to say it might leave the UK, according to the Times.
So, I’ve looked at its accounts. This is the 2007 tax note:

Guess what? Here we have another company threatening to leave the UK that is not only not paying UK tax in 2007, it’s such a seasoned UK […]

WPP’s Sorrell - his persoanl interest in undermining UK corproation tax

07-May-08

WPP has announced that it’s CEO, Martin Sorrell is to have total remuneration of £21 million this year. Of that £18.4 million will be paid in shares for boosting the share price.
What’s the significance? It’s this. Sorrell has been threatening WPP will move to Ireland to exploit its lower tax rates.
Let me explain why. WPP […]

There’s none so blind

06-May-08

I noted the following comment had been written on a blog a while back:

Richard Murphy is an expert in a field which he and journalists have created - analysing the tax charges in published accounts and comparing them with the headline rate. Not rocket science, and it hardly makes him an expert on tax avoidance […]

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