“The race to the bottom” is a well known phrase in offshore tax. It is the seemingly inevitable way in which tax havens are used
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The Observer has noted today that: Northern Rock’s accountant PricewaterhouseCoopers is facing accusations of a damaging conflict of interest after it emerged that it earned
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I asked recently why no one was talking about the risks to ordinary people in the UK from the use of ‘special purpose vehicles’ (SPVs)
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The Scotsman has reported that UK cabinet minster Tessa Jowell said at a Labour conference fringe meeting: Over the past 10 years, as part of
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Nicholas Veron of the Bruegel Group was asked to advise the European Parliament on IFRS 8 and the EC’s report on its adoption. This is
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The EU Parliament’s Economic and Monetary Affairs Committee is to consider IFRS 8 on October 3. The resolution they will consider is here. Three things
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Just watch it! Thanks to Duncan Wigan for the link. For more information.

PWC has reported that HMRC held a meeting with representatives of up to 100 financial institutions on 25 September 2007 in connection with offshore evasion
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The Guardian has noted that the back tracking on private equity has begun in the Treasury. Gordon Brown said on Wednesday that: Private equity will
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