These are my links for August 1st:
- EUobserver: Could the credit crunch destroy the Eurozone? - Keynesian fiscal policy is very relevant today. Ultimately, when nobody else is willing to spend and when credit is tight, it is government which must spent its way out of the crisis.
- BBC NEWS | World | Africa | Logging firms 'avoid Congo tax' - Danzer offer comment on 'Conning the Congo'
- Shareholders rocked by water chief's past - Accountancy Age - Who's embarrassed by Northern Rock?
- FT.com / Companies / Financial services - Provident picks up business from the banks - The Bradford-based company said tighter credit conditions offered it an opportunity to expand its small-scale doorstep lending to low-income householders unable to borrow elsewhere. And so their abuse of the most vulnerable in our society continues.
- FT.com / Companies / Transport - United sues pilots’ union over cancellations - Capital v labour is getting ugly
- Taxman must be wary of All-out war on advisers - I agree, but without an effective Code of Conduct to which compliant subscribers could subscribe the profession is not helping itself because it isn't pushing the bad apples out of the fold. We've written that Code, of course. Check the categories link on
- FT.com / Companies / Financial services - Bank distress worries return to haunt UK - "Although four of the country’s biggest banks, including RBS, HBOS and Barclays, have raised about £21bn to repair battered balance sheets through rights issues and placings, analysts are questioning whether this is enough." Let's face it - the system
- FT.com / Companies / Retailing & leisure - Starbucks tastes defeat in Australia - "Starbucks was snubbed by many Australians who have grown up on a diet of quality European-style coffee." And many global isn't so good after all, anyway
- Tibbetts Responds To GAO Report - Cayman responds with weasel words. I can't imagine action will follow.
- TaxAdviceNetwork: "Policy by panic" - Mark Lee says 'GB needs a strategy'. Mark is right: Brown hasn't got one.
- E&Y takes on another 282 partners - Accountancy Age - Spreads the liability risk around a bit, I suppose
- FT.com / World - IMF sees no end in sight to credit crisis - Nor do I. It's going to get worse before any recovery can happen. The current rules of accounting do, for start, make that almost inevitable.
- FT.com / World - Ex-Lloyds chief to run FSA’s retail arm - Poacher turned gamekeeper. Really? I hope so, but really don't believe it possible.
- News – Computerworlduk - The latest, breaking IT news, reviews and analysis on Google, Yahoo, Facebook, AOL, Microsoft, Apple, Adobe Reader, IBM, Open Source - Yes it's an HMRC cock up, but let's be clear, the system was written by the private sector. Most people who comment will ignore that.
- FT.com / Home UK / UK - MPs seek windfall tax on energy profits - There is indeed a compelling rationale for this
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Below the headlines…
One assumes the folks over at Tax Research UK will tell us the taxes paid and the increase in percentage are due to slight of hand accounting tricks which businesses, other than the Guardian family of businesses, should not be allowed to utilise….