2023 October

Ecclestone has been caught: now we need to use the methods that caught him within the UK domestic economy

Posted on October 13 2023

As almost all of the media report, former Formula 1 impresario Bernie Ecclestone pleaded guilty to tax fraud yesterday. He won’t go to prison: the
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7

Audit failure is not down to any one firm: the whole audit system is designed to fail to suit the interests of big business and their auditors

Posted on October 12 2023

As the Guardian reports this morning: Britain’s accounting regulator has fined KPMG a record £21m for audits of Carillion, the builder that imploded in 2018
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10

The UK is still heading for recession

Posted on October 12 2023

As the Office for National Statistics has announced this morning: Monthly real gross domestic product (GDP) is estimated to have grown by 0.2% in August
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13

Venture capitalists cannot be taxed on the basis of a non-statutory sweetheart deal: the law must now be applied

Posted on October 12 2023

I wrote this Tweet last night after a conversation with Jo Maugham, the tax KC who is the director of the Good Law Project who
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10

The Taxing Wealth Report 2024: abolishing the inheritance tax exemption on some funds retained in pension arrangements at the time of a person’s death might raise £1.3 billion a year

Posted on October 12 2023

I have this morning published the next in my series of proposals that will make up the Taxing Wealth Report 2024. In this latest note, I
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20

We need more taxes from those with wealth: there is no other option available to a future government in need of additional funding

Posted on October 12 2023

According to the Guardian this morning, pressure is being brought to bear on Rachel Reeves to impose more taxes on wealth as a way to
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27

We can do better than have a majority Labour government

Posted on October 11 2023

Clare Short was MP for Birmingham Ladywood from 1983 to 2010, and Labour’s secretary of state for the Department for International Development from 1997 to
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35

The Taxing Wealth Report 2024: introduction to inheritance tax reforms

Posted on October 11 2023

Precisely because I wanted to make clear that raising more funds from those with high incomes and wealth in the UK did not require a
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