These are my links for August 5th:

• Entrepeneurs face trust tax hit - Accountancy Age - Good. This is a case where people should pay for their folly.
• News - Europe: Sars adds muscle to tax haven inquiry - The impact of cracking Liechtenstein ripples ever outwards. Which is great news.
• McCain's camp suffers from a paper gap - Avi Zenilman - Politico.com - Interesting. But then McCain need not spell out his plans, just read the collective output of the Washington Consensus.
• Scrapping zero VAT rate will help poor families, says IFS - Accountancy Age - Very little has made me as angry as this for a long time. I'll be blogging it in detail on Monday. Suffice to say for now that it has confirmed what I have always thought, that the IFS is a bastion of neo-liberal thinking promoted to assist the rich get richer and the poor get poorer.
• Should we be concerned over new Reg FD guidance? | AccMan - "When I read US 10-Q’s and 10-K’s, I’m always astonished at the lack of information they contain. Despite being lengthy documents, I rarely find the sort of nuggets I’d expect to help me get a better understanding of what’s going on. Compare that with published UK accounts and there are any number of clues on performance." I agree: the US is miles behind