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Missing the Point
Everyone’s favourite accountant, Richard Murphy, is at it again. Not seeing the wood for the trees. Now suppose you have debt of $2 billion on your balance sheet, but your rating goes down because it...
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John Band, Prem Sikka and Craig Murray
An excellent piece over here. As is said: This is a great piece….It’s enough to make me nostalgic for the good old days, when Iain Dale hadn’t even heard of us.
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Richie Babbie!
And for all the newspaper furore about the possible loss of some basic pretty data on 25 million people by HM Revenue & Customs I note that,,, Not many phone about this, So therefore, it isn’t...
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Richard Murphy Explained!
Look, I think the man has had the odd thing sensible to say, Well, I had: But the reality is that those who want radical social change that will destroy the concept of walfare(welfare, sic) want to...
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The Guardian on Corporate Taxation Again
I’m not an accounting expert, by any means, but I think The Guardian has the wrong end of the stick again here. More than 50 PFI schemes have now been included in portfolios held in Channel Islands tax...
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Yes, Murphy Again
But the strangest comment was by BAT, which paid no tax in the UK in 2007: A spokeswoman for BAT, the twelfth-biggest company in the UK by market value and the owner of the cigarette brands Lucky...
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Prem Sikka
Read the article then read the first comment. It’s delightful to see a Professor of Accounting taken apart quite so swiftly.
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Serious Farce Office
So, we’ve got something called the Serious Fraud Office. They investigate financial crimes. Very important, of course. Stuffed full of the finest forensic accounting brains our nation can produce. Of...
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Eh?
The second would be a state-funded programme to build 100,000 houses a year, which would provide homes for those who need them and create 50,000 jobs in the construction industry. Is John Cruddas...
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Bwahahaha
Oh, boy, this Grauniad investigation is indeed fun: International companies based in the UK may have hundreds of subsidiary companies, which many use to take advantage of differing tax regimes as they...
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Excuse me?
Another former senior tax inspector said: "One of the problems the Revenue has is that the company doesn’t have to disclose the amount of tax actually paid in any year and the accounts won’t reveal...
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Google and Corporation Tax
The Sunday Times investigates Google’s tax arrangements in the UK. Well, actually, they have Richard Murphy read the accounts for them. In a nutshell when you buy an ad from Google you do so from...
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Really?
Can anyone explain the logic of this second sentence to me? And the reality is that tax yield is based on the combination of tax base and tax rate. You can control one of those two at any time, but not...
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Prem Sikka, he’s a lad, ain’t he?
In general, an individual cannot receive tax relief on interest payments whether the debt is for buying a house, car, fridge, cooker or anything else. In contrast, the tax concessions to corporations...
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Prem Sikka, missing the point again
It’s amazing that an accounting Professor gets this so wrong. The fledgling economic recovery requires that more spending power be placed in the hands of normal people and small businesses. All...
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Is our Dickie right here?
UK forensic accountant Richard Murphy says: “The fundamental question is how accountants got away with changing rules of accountancy, which state they don’t have to assess the valuation of assets...
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Accountants are different Part 344
As you do under these circumstances, I then learned the whole chart off by heart, right down to the letters that were only a couple of millimetres high, by dint of leaving my right eye slightly open. A...
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Accountancy joke
The feature that auto-corrects text as you type. Every accountant I know has gone into the options screen and entered in that typo so that it automatically changes back to ‘accountant’ and spares their...
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What an excellent point
Investors (and many others) don’t actually use company accounts in decisions about investing. Because an investment decision (as with a lending one and many others) is a forward looking one. We’ve many...
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HMRC as an unsecured creditor at Comet
Secured creditors, led by the financial investors who backed Comet, are expected to receive a return of 34p in the pound, while unsecured creditors, including HM Revenue & Customs which is owed...
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