ISAs to stay - at implicit cost to the poor
Wednesday, December 6th, 2006The Pre-Budget Report had little to explicitly say on tax. No doubt the press releases to be issued soon will add much more. But it’s
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An offshore amnesty?
Tuesday, December 5th, 2006Reports of a tax amnesty for those who have been hiding cash in off-shore accounts are sweeping the UK’s accounting press. Reports suggest that the
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I'm rich: I'll pay income tax at 0.14%
Monday, December 4th, 2006The Sunday Times has published a report which they have apparently prepared with Grant Thornton, chartered accountants, on the abuse of the UK’s tax laws
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The Tax Gap hurts shareholders
Tuesday, November 28th, 2006The Wall Street Journal reported yesterday that: Publicly traded companies reduced their U.S. taxable income by at least $34.8 billion in 2004 through potentially abusive
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Why was General Reinsurance fined?
Monday, November 27th, 2006There has been much comment on the size of the fines given by the Financial Services Authority to Warren Buffet’s company General Reinsurance. Most only
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What to tackle - government revenue or spending?
Tuesday, November 21st, 2006Dennis Hewlett at AccManPro has been seeking to engage me on the issue of government spending. I have been reluctant to respond as he would
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Canada to move against tax havens
Monday, November 13th, 2006The Globe and Mail in Canada reports: Fresh from squeezing more tax dollars from income trusts, Finance Minister Jim Flaherty says Ottawa is scrutinizing offshore
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Merck - $5.5 billion of disputed tax
Thursday, November 9th, 2006The Wall Street Journal has reported that the US drug company Merck has no less than $5.58 billion of tax disputes open with the IRS.
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Canada goes for fairness
Wednesday, November 1st, 2006There was an important announcement in Canada yesterday. A corporate tax system, introduced with maybe misguided intent, has been extensively abused for a purpose for
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