Nobody should really have any concerns about HMRC accessing your bank accounts without the permission of a court. That’s a non-story so let’s talk about Take That instead.
The Take That affair quite obviously illustrates that the current law is insufficient to deal with tax avoidance at all.
Last night I decided to speak great truth to the world through twitter. Here it is, for completely inexplicable reasons not in reverse order:
I think the logic of this truth speaks for itself and requires no further comment.*
*Obviously I will comment further explaining which neoliberal caused me to write these tweets and clarify why they have been making straw man arguments and why this is not a straw man argument and why I never ever make straw man arguments and why my research must be correct because everybody else has been brainwashed by neoliberalism. But that is because this self-justifying and stand-alone post will be taken out of context by selectively being quoted in its entirety as a sign of me making continual straw man arguments and being an intolerable egomaniac.
Here at the Institute of Fair Tax we have received some useful feedback (which for decency I cannot repeat here) that has given us a fabulous idea. Our patented Mark of Fair Tax methodology needs minimal changes to provide those engaging in coitus with a guarantee of a disease-free experience.
I hereby introduce the Mark of Safe Sex. Continue reading
The Guardian has reported that:
Treasury insiders have accused Margaret Hodge, the high-profile chairman of the parliamentary public accounts committee, of deterring multinational companies from coming to Britain.
A source said to be close to George Osborne briefed the BBC and Mail Online on Thursday about claims that senior ministers have been warned by businesses that the prospect of public humiliation in front of MPs and television cameras was making them think twice about where to invest. Hodge was singled out for particular criticism.
“Companies looking at Britain are being put off the idea of moving their headquarters here because they fear the level of public exposure for behaving perfectly legally. There is no doubt it is having an impact. We are trying to show we have one of the most competitive corporate tax regimes in the world, but the message is being sent out if you come here you will be exposed to this sort of criticism from Margaret Hodge and her committee,” the source said.
It is always nice to be recognised as the tax expert that I am. And to be recognised by Alun Rusbridger, the Guardian’s editor as “the expert” on tax matters is about the bare minimum of recognition I deserve.
Alun, who must surely now be considering giving me a column in gratitude for having proved beyond doubt that the Guardian is behaving in a completely non-hypocritical manner, obviously read my post from yesterday and agreed with everything therein.
I remind you that Alun is an editor of a national newspaper and wouldn’t openly agree with an article without reading it fully first – I doubt very much that he only read the first sentence and liked my conclusion so much he just assumed everything I had written was correct.
Can you imagine what a newspaper would be like if its editor didn’t bother checking all the facts properly before it published stories on a subject? Especially on something as complicated on taxation.
I imagine that, if someone were to behave in this manner, it would be easy to mistake a flagrantly tendentious prevaricator on tax issues with a universally-recognised and nonpartisan expert such as myself.
It is good to know that the media is covering the issue of taxation with such care.
The FT has reported this morning that:
The pile of unspent corporate cash that has built up since the start of the financial crisis is being held by an increasingly concentrated pool of companies that will be crucial to hopes of a pick-up in business investment to stimulate the world economy.
About a third of the world’s biggest non-financial companies are sitting on most of a $2.8tn gross cash pile, according to a study by advisory firm Deloitte, with the polarisation between hoarders and spenders widening since the financial crisis.
HMRC is reported to be reviewing the tax status of the Bitcoin. So it should. But not, I suggest, to consider how it should be treated by existing tax legislation. No, it should make it illegal. Continue reading
My new favourite source of newspaper column inches since I had a professional misunderstanding with The Guardian, The Mirror, reports:
A fatcat who helped energy firm Npower’s owners avoid millions of pounds in tax now sits on the board of HM Revenue and Customs – as an adviser to the Taxman.
As an actual real-life actual accountant, I indeed spend most of my January doing accountantly things. Which is why I only have time to blog eight or nine times a day at present.