I am aware that my latest comment on why Jersey and the Isle of Man will fail the EU Code of Conduct on Business Taxation has been well circulated in Jersey this weekend. I also hear that Senator le Sueur, its finance minister, has described it as a “rant” to which he will provide a [...]
Terry Le Sueur, finance minister of Jersey wrote to all members of the States of Jersey yesterday telling them why he thought Jersey will be EU Code of Conduct compliant when the Isle of Man was not. His letter reached me this morning and is available here. It’s worth a read to make sense of [...]
The EU Parliament approved the following motion concerning IFRS 8 this morning:
1. Accepts the Commission’s proposal to endorse IFRS 8 incorporating US SFAS 131 into EU law, which will require listed EU companies to disclose segmental information following the ‘through the eyes of management approach’;
2. Regrets that the impact assessment carried out by the Commission [...]
The FT has one of its advertorial features on the Isle of Man today. These things are noted for their lack of objectivity - being promotional material for the places recruiting the ads, so it was useful of James Wilson, the FT’s north of England correspondent to at least give a nod in the direction [...]
I have been campaigning for improved segment reporting and for country-by-country reporting by companies for the last five years. It was in late 2002 that I first thought up the idea when in discussion with my Tax Justice Network colleague, John Christensen, and my first paper on this issue was published in January 2003.
It was [...]
Accountancy Age has reported:
The International Accounting Standards Board (IASB) is discussing the needs for a committee to oversee its actions in response to concerns from some countries that have been proposing carve-outs to the global standards in an effort to have their own interests served.
Which sounds like a job just made for me.
There is, however, [...]
Irish Finance minister Brian Cowen is reported to have told Irish employers:
that is committed to maintaining Ireland’s 12.5pc corporation tax - a key component in the nation’s inward investment success - in the face of EU efforts to introduce tax harmonisation or a minimum rate of corporation tax.
But the story is itself laden with misinformation. [...]
Finally, and at long last, the EU Monetary Affairs Committee votes on IFRS 8 tonight.
Rumour has it the IASB is not going to be happy.
The Jersey Evening Post had an article in its pages on Friday with the title:
Any truth in Murphy’s Law?
The Murphy is question turned out to be:
arch enemy of tax havens Richard Murphy.
I know that’s me because they referred to my blog from last Monday on the Isle of Man failing to secure EU approval for [...]
I’m grateful to friends in Jersey for sending me a letter sent to all members of the States of Jersey on Monday by Terry Le Sueur, Jersey’s finance minister.
Terry’s been reading my blog. And in particular the one about the Isle of Man failing to secure EU approval for its tax regime.
He says:
He’s right on [...]
