April 2013 - Emile Woolf writes

Enhancing banks’ accounting regulation: and about time!

Regulation of the UK financial services industry is now entrusted to a new body with a new name and a new boss. Andrew Bailey, whose signature appears on your banknotes, takes over this month as chief executive of the Prudential Regulation Authority, successor to the FSA. Initial impressions augur well. In his first post-appointment interview […]

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Proposals for Tax Reform

Tax Reform Introduction: where we are now It is common ground between our main political parties that economic salvation lies in growth. Yet the debate on how to achieve it rapidly descends into a partisan dogfight between proponents of the alternative ideologies of austerity or monetary stimulus. The austerity brigade offer cuts in government spending […]

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Correspondence with Courtney Keane on tax policy

To Emile: Your writing on the issues of a flat tax, and land value taxation, is generally well-known. However, have you ever written anything on  whether the UK social security system can also be reformed and simplied? There seems to be nothing on your website on this topic. I’m interested in knowing, because I’ve recently come across a […]

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Audit quality: is lack of competition the problem?

Twelve years ago, when their audit of Enron’s last accounts heralded the demise of Arthur Andersen, the largest end of the audit market shrank to four firms. The Competition Commission (CC) has now provisionally concluded that the audit market is restricted: companies are inhibited from switching auditors and there is a tendency for auditors to […]

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