I wrote about the problems created by excess liquidity and the diversification of risk yesterday. So too did John Kay in the FT. He said:
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Would a little less liquidity and a bit more responsibility help?
The Guardian and many others report on Goldman Sachs’ hedge fund losses this morning: The viability of elaborate computer-driven hedge funds came under the microscope
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Fraud needs tax havens to survive
According to Channel Register yesterday: research figures published by accounting firm BDO Stoy Hayward, [show] there were 141 business frauds (reflecting a 42 per cent
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Tax Haven UK – 3 – Nominees
I’m running an occasional series on why the UK is a tax haven. I’ve already dealt with the domicile rule and the fact UK companies
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Arctic Systems: LLP’s can solve the problem
Dennis Howlett has written a thoughtful review of my paper on small business taxation. Unfortunately, I think he misses quite a number of the points
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The FT on domicile
The FT has a first rate article on domicile this morning by Vanessa Houlder, recently voted tax journalist of the year. She rehearses a lot
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Pope to condemn tax avoidance and evasion
The Times has reported that: Pope Benedict XVI is working on a doctrinal pronouncement that will condemn tax evasion as “socially unjust”, according to Vatican
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Looking after the super-rich: Evan Davis has his doubts
Evan Davis is the BBC’s economics editor. He has his doubts about the UK basing its economy on serving the super-rich and becoming, as he
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The Italians, tax evasion and theology
For most people Italy and tax evasion go together. Even the Italians think so. In which case it’s good to see the Washington Post report
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