Tax Archives - Emile Woolf writes

Layman’s guide to the coming currency collapse – January 2021

THE ECONOMIC CHASM CONFRONTING US – A LAYMAN’S ASSESSMENT The huge economic harm caused by Covid-19 is seen and experienced clearly and directly on a daily basis. Less obvious is the damage wrought in every welfare-driven democracy whose government finds itself in the dual-role of protector and saviour. Today expectation and dependency are the norm, […]

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Capital allocation & infrastructure spending: let the markets decide

My summer riverboat cruise from Amsterdam to Budapest along the Rhine, Main and Danube proved to be fully as instructive as it was relaxing. The majestic hilltop fortresses, castles and palatial edifices, erected to keep out tribal hordes, also testify to indulgences pursued by monarchs, princes and bishops over hundreds of years of relentless self-aggrandisement […]

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Less government, less regulation, less tax: more freedom

When appointed foreign office minister in 1951, Selwyn Lloyd confessed to the Prime Minister that he had never visited a foreign country, spoke no foreign language and detested foreigners anyway. Churchill’s wry response: “just the qualifications we’re looking for!” Approaching a fraught assignment in a state of innocence is an advantage. Untainted by trappings of […]

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Tax and accounting are the drivers: but where are they taking us?

Purists maintain that accounting and taxation should be neutral in terms of economic impact. Decision-making should be based on what’s good for the business – for its customers, staff and shareholders – without distortion by complex tax and accounting rules. But we have strayed: there is scarcely a decision untainted by daunting tax or accounting […]

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The cycle of litigation – be warned

Litigation warning – remember the cycle!  The pattern of litigation tends to be cyclical since it shadows the economic cycle. When there is general prosperity and businesses flourish there is still plenty of litigation (when is there not?) but its character reflects boom-time activity. Businesses buy other businesses and then claim that they overpaid. Although […]

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