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Tax

So rail nationalisation is possible after all

The sham of rail privatisation has just been exposed. As the FT has announced: The British government has suspended the UK rail franchise system in a move that effectively nationalises any losses by railway companies for the next six months — in the latest sign of how the coronavirus pandemic is blighting the economy. The […]

Tax

How to help the self-employed through this crisis without a universal basic income – which we cannot deliver right now

There has been much discussion over the last few days about the desirability of a universal basic income (UBI) for the United Kingdom. Demand for this has only grown since Friday when the Chancellor announced a highly discriminatory scheme of income support for those employees, but no one else, laid off as a result of […]

Tax

The March Taxcast from the Tax Justice Network

In this month’s Tax Justice Network Taxcast: How many more signs do we need to tell us we must urgently reform our economies, keep essential services out of private hands and transition away from fossil fuels? As the world buckles up for a different kind of crisis tackling the Coronavirus, we look at how tax justice […]

Tax

Only tax holidays and wage subsidies can keep UK households and businesses going now but does Sunak know enough accounting to realise that?

What Rishi Sunak needs to know before he announces his third round of coronavirus crisis measures in little more than a week is some quite basic accounting that I suspect no one has ever explained to him. Accounts should include three financial statements. One is the profit and loss account, or income statement. The next […]

Tax

Responding to the COVID-19 Crisis

We’re facing uncertain times right now as the Corona Virus spreads. Events are cancelled, Companyes are closing, and travel has definitely slowed. It’s still tax season, however and millions of Americans still need to file. As we think about how to move forward with Company as usual, here are some things we are doing here […]

Tax

Why exams?

Like hundreds of thousands of other parents all over the country I now face the prospect of having a child at home for many months to come. In my son’s case the situation is complicated by the fact that he was about to take his A-levels. And now he will not be. As a result, […]

Tax

The banks are using this crisis to demand that we go back to the rules of 2007 so that they can exploit us all over again

As the Financial Times has reported this morning: The global banking industry is demanding regulators relax or delay a raft of post-crisis rules on everything from capital and liquidity to accounting and climate change, which they argue are hampering their ability to respond to the coronavirus crisis. Executives have launched the globally co-ordinated push to convince […]