These are my links for January 21st:
- Irish Taxation Institute - Fantasy Budget 2008 Winners display innovative proposals to drive economic recovery. - I am afraid even the next Irish generation is addicted to Tax Incentives. No surprise they are for online gaming given this University is sponsored by J P McManus one of Ireland's tax exiles "famous" for his gambling exploits
No surprise also then with the students' confusion of principle and principal!
- Breakthrough for taxman after Guernsey agrees to reveal bank account details - Times Online - The glory of misinformation
If the UK is lucky it will get confirmation of five things it already knows a year
- An absolute mess - The art of raising money - care of Goodman Jones, Chartered Accountants
Thanks for reading this post.
You can share this post on social media of your choice by clicking these icons:
There are links to this blog's glossary in the above post that explain technical terms used in it. Follow them for more explanations.
You can subscribe to this blog's daily email here.
And if you would like to support this blog you can, here:
Buy me a coffee!
Richard
How do you work that out re. Guernsey ? Its an agreement requiring exchange of information upon request. If the UK requests information then Guernsey is obliged to provide it.
David
That is absolutely not how a Tax Information Exchange Agreement works
The UK has to specify exactly the data it wants and is then given it
But that requires it know the information before it asks for it
And given Guernsey’s secrecy that remains almost impossible to find in most cases
So this TIEA is good PR for Guernsey and useless for almost any other purpose
Richard
So why did the UK request and accept it ? Its obviously happy with the contents, as is the US with the TIEAs which it has agreed to enter into. Its fairly basic law of contract – an agreement is something where its provisions are agreed by the parties thereto.
David
To keep the OECD process rolling until Obama could get into office and authorise change in it
Richard