Accountancy Age runs something called InsiderBusiness which is a weekly web cast on a topical issue. This week’s trailer says:
The UK’s tax system is at a crucial turning point. An increasing number of companies are exiting the country, saying they fear the government’s new initiatives on foreign profits. Meanwhile the chancellor is being urged to [...]
Democracy Now is a US broadcaster.
The Republicans don’t like them.
This is how their accredited reporter to the Republican Convention was treated.
This is what she had to say about it.
Coincidence? I don’t think so.
If you don’t want to pay your wife when divorce comes along then Jersey awaits your call.
This is from the Daily Mail:
Rich businessmen and women could use Jersey and other tax havens to try to protect themselves from multi-million pound divorce payouts after a landmark court ruling in the Channel Islands.
Mark Harper, partner at City [...]
So the Tories want to effectively increase the Inheritance Tax limit to £2 million.
How does that fit with a drive for greater equality?
Who is George Osborne kidding?
The Guardian has reported that:
A German-led clampdown on tax dodgers has scared savers away from Liechtenstein’s banks and it could take years to win them back, prompting the tiny state to seek to lessen its reliance on the tax haven business.
And this:
The No.1 [ Lichtenstein] bank LGT, owned by the ruling family, said net new [...]
The TUC has published a briefing revealing that inequality is just as damaging to children as poverty, and harms their health, education and well-being. As it says:
Poverty and inequality and children finds that, while the UK has had some success in reducing the level of poverty over the last decade, progress on social inequality has [...]
There’s an article with the above title on the Guardian’s Comment is Free site today, with the subheading:
A thinktank that claims to be unbiased is promoting dangerous tax policies that will widen the gap between rich and poor.
I recommend it. But there again, I wrote it. That though is not the reason for recommending it. [...]
I mentioned yesterday that the IFS did not appear to think that wealth was a basis for charging tax. Now I know why. This is what the they say in their report on Taxation of Wealth and Wealth Transfers:
Given that the justification for double taxation is arguable and that inheritance tax currently raises less than [...]
The review entitled The Political Economy of Tax Policy that the Institute for Fiscal Studies commissioned as part of its Mirrlees review of the future of the UK tax system does not include the words ‘justice’, ‘tax havens’ or ‘offshore’.
Why is that?
Why make a fuss about the IFS? Simple: it’s dangerous. Take this form this week’s KPMG tax newsletter:
UK News
Institute for Fiscal Studies study recommends that standard rate of VAT should apply to everything
A leading economic think tank has suggested, as part of a wider review of tax system reform by the Institute for Fiscal Studies, [...]
