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Category Archives: Ethics

TUC calls for tax justice

02-Jul-08

Most people believe it is too easy for the rich to avoid paying a fair level of tax, even in households with a six figure income, according to a new report.
The TUC said its research showed that only 7% of the public thought that the balance between tax paid by the rich and poor was [...]

Tackling tax havens through art

24-Jun-08

This evening there is a private view for a new exhibition of art in Jersey. Some is from my friend and local activist Pat Lucas. More is from a nun, Sister Peter. The theme of the exhibition is Jersey, Island of Beauty and Contradictions.
Pat’s works emphasise this with regard to the tax haven status of [...]

Me, an extremist?

24-Jun-08

I was intrigued by a comment that I noticed had been posted on AccountingWeb. In response to comments that I had posted Steve Pipe, who advises accountancy firms on how to maximise profits, said:

the only thing we really differ on is the judgement call as to what constitutes “acceptable tax planning”.
You clearly take a very [...]

The tax debate

24-Jun-08

I like this:
Our national debate on tax, such as it is, suffers from “experts” who typically know little to nothing of the history, practical rationale, moral basis, or economic benefits of tax. Their expertise is in delivering memorized talking points, not imparting understanding.
It’s true: the fact that it was written of the USA is beside [...]

Babylonian excesses

20-Jun-08

Michael Meacher has written for the Guardian.
It’s too good to just del.ic.ious. It has to be read.
SHARETHIS.addEntry({ title: “Babylonian excesses”, url: “http://www.taxresearch.org.uk/Blog/2008/06/20/babylonian-excesses/” });

IASB Trustees ducking the issue: stakeholders are their responsibility

20-Jun-08

I was at the IASB round table discussion on the future governance arrangements of the IASB and its trustees in London yesterday. The paper we were discussing is here.
Perhaps unsurprisingly I was the only representative of civil society to speak during the session I attended. I made these points:
1. The IASC Trustees say (page 2) [...]

UBS employee guilty of tax evasion to benefit UBS

20-Jun-08

The FT has reported that:
A former UBS private banker has pleaded guilty to charges that he conspired to help a US billionaire evade income taxes after agreeing to co-operate with prosecutors in the case.
They added:

“He’s going to tell the government everything he knows about what was going on at UBS,” said Danny Onorato, attorney for [...]

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 [...]