Tim Worstall

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 havens by three major PFI investment companies, HSBC Infrastructure, 3i Infrastructure and Babcock and Brown Public Partnerships.
Once the […]

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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 exploit this as an opprtunity to destroy society as we know it.
And I oppose the far Right perception of […]

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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 important. Yes?
So, how many phone in to R. Murphy’s line about tax evasion?
Goose and gander.

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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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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 is perceived that you are a risker organisation. The price people will now pay for your debt (and remember, debt is […]

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