Unless we make balance sheets reflect reality then financial reform is not going to work
April 21st, 2010
Watch the video:
Then read the article:
Continue Reading
a. less tax is paid than might be required by a reasonable interpretation of the law of a country, or b. income is declared in a country which does not appear to be that in which it was really earned, or c. tax is paid somewhat later than the income to which it relates was earned.
The difference between tax avoidance and tax...Alistair Darling won a rousing cheer for announcing a crackdown on Lord Ashcroft's tax haven. But we should read the small print
A safe haven still: despite Chancellor Alistair Darling's announcement of a tax information exchange agreement, Belize will remain open to business for those wishing to avoid paying tax. Photograph: Terry Vine/Corbis"