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Category Archives: Ethics

All you need is love

17-Jun-08

I’ve ‘borrowed’ the title of this blog from Francine McKenna, a great blogger in the States who writes on auditing and governance related issues. She used it on 13 June in a blog she wrote in response to a comment left on her site.
The commentator said:

You are a bitch.
You claim to be one of us […]

What KPMG demands KPMG shall have.

16-Jun-08

I overlooked this last week in the FT:

A partial climbdown on the new “non-dom” tax regime concerning advisers was signalled yesterday by the Treasury in a move designed to stop parts of the private banking industry relocating offshore. In an amendment to the finance bill, the Treasury proposed an exemption for fees paid by non-doms […]

Bono: helping make poverty reality

12-Jun-08

I haven’t written about Bono for a while, although what I have written about him remains among the regularly read pages on this blog.
It’s time I did so again. There’s good reason. I know the messages of tax justice have reached the man. I know how they got there. And in the last couple of […]

Tesco: tax avoiding, again (this time it’s Luxembourg)

11-Jun-08

Private Eye’s dig into Tesco’s tax affairs continues. In the edition published today it has revelation of another tax avoidance scheme, this time based in Luxembourg. I guess that adds variety to the one revealed a fortnight ago in Zug, or the one about which Tesco is suing the Guardian, based in Cayman.
This time, as […]

Abolishing the domicile rule could have paid for this

11-Jun-08

The Guardian has reported that:

Child poverty in Britain has increased for the second year in a row, government figures revealed yesterday, putting Labour’s target to halve it by the end of the decade in jeopardy.

The estimated cost of getting on track now is £2.7 billion a year. That could have been raised by completely abolsihing […]

Questions for Bill Dodwell

06-Jun-08

Bill Dodwell, head of tax at Deloittes UK ha suggested my work on the Tax Gap is ‘just rubbish’. Well, it’s a free country, and he has a right to his opinion.
He also has a right to his own particular use of the term tax avoidance, about which we clearly do no agree. His own […]

Raising VAT is not the answer to the corporation tax problem

05-Jun-08

I admit that there are moments when I quietly despair of the harm that is likely to result from so called tax reforms. This morning the FT has reported that:
Corporation tax should be scrapped and replaced by extra value added tax
adding that:
The proposal, which is designed to address the growing difficulties faced by the Treasury […]

Time to debate the issues

05-Jun-08

Accountancy Age has a good article called ‘Guarding reputations: tax profession needs to clean up its act’. By seasoned journalist Sarah Perrin, it seeks to explore an issue.
I won’t comment on much of what it says: there’s enough of me in the original. What I am interested in is the comment by Bill Dodwell, head […]

The system is broken

04-Jun-08

The world is in economic crisis.
Financial systems are failing.
The City is in shock that underwriting deals are the latest victim of the credit crunch.
Oil is at all time price highs.
We’re running out of the stuff.
Most importantly, people cannot afford to feed themselves. Real hardship is growing and threatening not just livelihoods, but lives.
And then along […]

Without ethical principles or sense of shame

02-Jun-08

I can’t resist reproducing this, from Tribune:

But let no one be in any doubt. The “new” Labour project is finished - thank goodness. It has failed. There can be no hope of rescue. Labour has to change and change utterly. If anybody wants to know what has been going on, they should read the two […]

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