January 13th, 2010
Forbes has a
column up on country-by-country reporting today.
OK, I should declare an interest: I wrote it.
The argument is a simple one: country-by-country reporting pays for us all if we wants corporations to pay their fair share of the cost of bailing out government deficits.
NB: note to those who argue companies can’t pay tax. If you’re right why do they work so hard to avoid it? And why do they claim when doing so that it’s the company that gets the saving?
December 16th, 2009
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December 14th, 2009
It’s not vey often I give air space to the Sovereign Society – a US based organisation promoting offshore – largely because most of what they say is quite ludicrous. But I get their emailos and one I got this morning made a lot of sense for a change, so I’ll quote it at length. I’m sure they won’t mind – they’ve taken their fair share from here over the years.
Bob Bauman of the Sovereign Society (
a colourful character) said
in his blog:
Six weeks after the bill’s anti-offshore provisions were introduced as the...
December 10th, 2009
FT.com / Personal Finance - IHT avoidance schemes face scrutiny.
As the FT notes:
As part of the new measures to clamp down on tax avoidance, UK residents will also be obliged to tell the British tax authorities when they open certain foreign bank accounts.
The new reporting requirement will apply to UK residents opening accounts in “certain” offshore jurisdictions, with heavy penalties of up to 200 per cent of unpaid tax for those who fail to comply.
Accountants believe the new rule is likely to be applied in tax...
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