EDM 673 ACCOUNTANCY HOUSES AND TAX AVOIDANCE 03.02.2009 Mitchell, Austin That this House urges the Government to investigate and regulate the activities of banks, law
Read the full article…

I note the National Institute of Economic and Social Research says the banking collapse will cost the Exchequer £14 billion a year. And I reckon
Read the full article…

In a reply to a comment on this blog I got a most insightful reply from a member of the Channel Islands’ finance industry. I
Read the full article…

I refer you to the Guardian. You decide. But the only possible answers are one or the other or both.

One sunny day in February, 2009 an old man approached the White House from Across Pennsylvania Avenue, where he’d been sitting on a park bench
Read the full article…

The Guardian has another blog under the above title, addressing the issues of Jersey, Guernsey and the Isle of Man. I have commented as follows:
Read the full article…

These are my links for February 4th through February 5th:

• Senate votes down tax break for Lilly, others | IndyStar.com | The Indianapolis Star – Repatriation of profits has been rejected

  Thank goodness

• FT.com / Companies / Financial Services – SEC ‘illiteracy’ to blame for Madoff affair – They were taught to think that greed is good

  We have to think another way

  But be warned: those who do are ridiculed

• FT.com / UK / Business – Law firm partners face axe as cuts continue – The mighty are fallen
• FT.com / Companies / Banks – US credit card delinquencies at record high – The next debt crisis is on its way
• FT.com / Brussels – Brussels signals rethink on labour rules – Scrap all progress towards Doha for a start
• Brown backs international action on tax avoiders | – That would require a serious change of his spots

  Given that the evidence is signing some toothless tax information exchange agreements I am not inclined to think it has happened

• Hypocrisy and the double standard | Cayman News Service – Tim Ridley, former chairman of the Cayman Islands Monetary Authority is a man with whom I don't agree on much – but with whom I can do business.

  He's right on tax cheats and Delaware in this one and its beholden on me to say so.

  He's also very, very wrong on the benefits of offshore, as usual. Some things don't change. 🙂

• Taxpayers’ Alliance gives green light to corporate tax avoiders : Labourist | Where open minded people come together – Amusing

  And I'm sure it's true

• William Brittain-Catlin: How offshore capitalism ate our economies – and itself | – If I'm honest, this is not wholly accurate

  But it's worth a read

• EC announces plans to crackdown on cross-border tax evasion – Accountancy Age – But this has to be extended to tax havens covered by the EU STD as well

In all the debate about the future of tax havens one issue should not be overlooked. The current credit crisis is absolutely crucifying them. Take
Read the full article…

The Guardian have noted that a proposal to charge a turnover tax has been made by at least commentator on its Tax Gap series, with
Read the full article…