Housing finance Archives - Emile Woolf writes

The case for taxing real “Value Added” – not VAT!

  ECONOMIC PERSPECTIVES – 57 JULY 2019 Considering that the UK has a rag-bag of the most terrible taxes, did you note the competitive strategies for tax reform put forward by Tory candidates in their bid for election to high office? ONLY WHAT’S NECESSARY….   Most of their suggested “reforms” involved some judicious cutting of […]

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“Funny-money” and the Cantillon Effect

THOUGHTS ON “LEGAL TENDER” AND GAMES OF PRETENCE Economic Perspectives 54 – April 2019 Few people understand the purpose of so-called “legal tender”. It is widely believed that the government’s legal tender laws protect citizens’ money by formally designating it as the official medium for the settlement of transactions. The Latin root is “tendere”, to […]

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Economic Perspectives 19: Does Labour respect sanctity of private property?

ECONOMIC PERSPECTIVES 19 Does Labour respect sanctity of private property? Lessons to be discerned from the tragic Grenfell Towers fire transcend the immediate questions on cladding, stairwells, sprinklers, alarm systems, escape routes, incandescent materials and faulty appliances. Far more has been revealed than a recital of fire regulations in need of modernisation. The political exploitation […]

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Prudence returns to accounting, but not to the economy

  International accounting standard-setters have at last recognised the error of their ways and relented on the question of prudence, which they plan to re-instate as a fundamental accounting principle. Bank auditors will have to form an independent view on loan recoverability, rather than rely on the potentially biased judgements of management. A regime that […]

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Time to call the European Commission to Account

The subject of Europe polarises any otherwise rational debate. Obsessional prejudice, whether pro or con, induces deafness and drives out reason. More inflammatory even than party politics (where spin and expediency have blunted the ideals), passions over Europe (the Union, not the continent) have taken on the trappings of a belief system, susceptible to neither […]

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To survive, auditors must raise their game

Have giant corporations outgrown the ability of even the largest audit firms to report safely on their accounts? Complexity, geographical reach, exponential growth in the number and size of transactions leave auditors struggling to do justice to their authentication processes. The greater the size of the client entity, the more that can go wrong. This […]

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Sustainable recovery: reform the taxes – or miss the opportunity

‘’No wind is fair to a man who does not know for which port he is making’’ (Seneca, AD1 to 65). Assuming this is valid for governments too, is the coalition rudderless? The deficit is being brought under control; “public servants’’ are being reminded what that phrase means; quangos are being ditched; and the process […]

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