Tim Bush does, in effect ask the above question in his paper on the failings of the IFRS with regard to UK and Irish banking
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IFRS failed UK banking because accounts “were unreliable for capitalism as they did not show the capital”
I’ve just posted on Tim Bush’s claim that the application of International Financial Reporting Standards in the UK left the accounts of UK banks so
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UK bank accounting rules ‘fatally flawed’
There’s a long article in the Telegraph this morning under the above title. The article refers to the work of UK chartered accountant Tim Bush
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What’s really needed at HMRC
I note there’s a report in the Telegraph today saying big business is so unhappy with HM Revenue & Customs that 20% of them are
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Banks don’t want to talk about tax evasion? Whatever next?
The FT reports: The US Treasury is close to issuing rules to force banks worldwide to hand over up to 5m Americans’ account de tails
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Clegg – done for because he’s not a liberal
Nick Clegg offered the most implausible of explanations as to why the Institute for Fiscal Studies analysis of the budget which they have categorically branded
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Sovereign debt crises are possible
I’ve just suggested that there’s not a chance that the UK will default on its debt — and to base economic policy on that risk
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Why financial integrity?
The following is by Alex Cobham of Christian Aid and is reposted from the blog of the Task Force on Financial Integrity and Economic Development.
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Government is the only game left in town
I mentioned a recent economic forecast from Tory think tank Policy Exchange yesterday. It was gloomy and rightly so, if for all the wrong reasons.
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