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Tax housing, and do it now

Polly Toynbee has written: Kick-starting the housing market is the urgent priority, isn’t it? So the government put money into preventing repossessions, and yesterday Northern
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My del.icio.us bookmarks for February 18th through February 19th

These are my links for February 18th through February 19th:

• Second tax amnesty could hit offshore savers even harder – Accountancy Age – "Plans for a second offshore ‘tax amnesty’ by HM Revenue & Customs could see tougher penalties for people hiding their savings offshore, a tax expert has said"

  The expert wasn't me

  I want them prosecuted

  I'll accept they can avoid that, but generosity need not be in the cards: the net is closing in anyway

• Northern Rock shareholders lose battle in High Court – Telegraph – I should have noted this earlier

  It was the only obvious outcome

  These people must think we're mad if they think the government is going to underpin their gambling

• Squeezing the mandarins until the pips squeak | ToUChstone blog: A public policy blog from the TUC – Cutting bonuses is an act of obligation

  Progressive taxation would be better still

• PwC to fail? | AccMan – Yes it will, in my opinion

  I won't cry: they are a major obstacle to reform the world over

  They gave us IFRS

  They gave us auditing in its current form

  They underpin the world's tax havens – and are still trying to create new ones in places like Jamaica

  When they fail we can go forward

  It will happen soon

• Debtonation » Blog Archive » Finance’s corrupting power exposed – Appropriate comment from Ann Pettifor on the corrupting power of Mr Stanford's money

The Tiger needs state aid

The Guardian has reported: Brussels lumped Ireland together with Greece and Latvia yesterday on a hit list of countries with “excessive” government deficits, in the
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Conflicts of interest are destroying our economies

There’s a classic in the Irish Times this morning: IT IS probably unfair to pick just one example of the conflicts that are rife among
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Ireland's going bust

This was in Bloomberg on Friday: Ireland led a surge to record levels in the cost of hedging against losses on European government bonds on
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Liechtenstein on the Liffey

The Guardian concentrates today on UK companies tax dodging in Ireland. It will be a familiar theme to those who read this blog. And as
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My del.icio.us bookmarks for February 2nd through February 3rd

These are my links for February 2nd through February 3rd:

• Local bonds are happening – This is debt with a purpose

  Real saving. real investment. Real returns. Real pensions.

  That's what we need

• FT.com / UK / Business – Tories warn of ‘too big’ banks – In which case they'll have to intervene in the market, split them up and create new transaction banks, housing banks, commercial banks and investment banks

  Let's hope they do it

• FT.com / Europe – PM asks Iceland central bank chiefs to quit – It took a social democrat backed by the Left and Greens to bring about change

  Why doesn't that surprise me?

• 02-02-2009 – Levin, Dorgan Question Repatriation Lobbying Effort … – Carl Levin is a man of our times

  He understands exactly the double speak of the offshore tax evaders – and takes them head on

  As he does here, challenging a Rupert Murdoch propagated myth

• 'Tax haven Ireland' on Obama's hit list – And I say they're in a state of denial about it

  Which really won't help them

• Construction: Fears for 1,000 jobs » News » This Is Jersey – Jersey's economy has been built on financial services and building offices for that sector

  Now it is tanking

  The builders want state aid

  And there's no tax to pay it

  Not a pretty prospect

• For Rescue Plan, Risks Are Vast in Revaluing Tainted Assets – NYTimes.com – “To date, the banks have stuck their heads in the sand,” said Lynn E. Turner, a former chief accountant for the Securities and Exchange Commission, “and demanded that they be paid the price of good apples for bad apples.”
• :: Manx Radio :: Isle of Man News :: – Isle of Man companies support Mugabe

  What a surprise

• FT.com / World – Little magic left at leading law firms – The lawyers sowed the sees of their own destruction

  Let's not cry too much

• Millions could lose out in online tax error | Self-Assessment | This is Money – This is the Revenue doing their level best to shoot themselves in the foot

  This sort of basic error should not happen

• FT.com / Companies / Banks – Barclays’ credit rating downgraded – "Moody’s on Sunday night downgraded Barclays’ credit ratings, saying it expected the UK bank to record ”significant further losses” on credit-related writedowns."

  Or to put it another way: they don't believe the accounts

• Davos: Don't let crisis breed more corruption – Forbes.com – Tax havens were not mentioned at Davos apparently

  Funny that, in Switzerland

  Funny that. amongst the assembled company

  Do these people have any intention of reforming themselves? I do sometimes doubt it

Vince Cable on the Tax Gap

From the Guardian blog by Vince Cable: In the case of the UK-based global banks, we have also painfully discovered in recent weeks that the
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Jersey does support tax evasion - and so do Guernsey and the Isle of Man

The following press comment has been issued by Jersey Finance: Jersey Finance notes the inaccurate comments made today by the TUC with regard to the
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