VAT Archives - Emile Woolf writes

REFORM & REAL REFORM

  ECONOMIC PERSPECTIVES – 84    [July 2020] Those of us struggling to get a grip on Chancellor Sunak’s latest relief-measures should note the terminology. He seeks to revive the Covid-stricken economy with a series of tax “giveaways”.  When anyone in government talks about giving something away, it’s instructive to ask yourself how they got it […]

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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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Economic and accounting theory provide no answers if they ignore reality

If ever there was a time for questioning, this is it. How did the collapse of credit and its ensuing crisis creep up so suddenly on the most sophisticated, best informed, global financial community in history? What are its lessons? Do all the frantic short-term expedients provide real solutions? Or will they generate their own […]

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Getting the economy going: cut public sector waste and transform taxes

Getting the economy going: cut public sector waste and transform taxes By now the causes of the economic crisis, and the course of its swift global trajectory, have been explored ad nauseam. But while its bitter consequences are being experienced for a year or three there is much that governments can learn from enforced austerity. […]

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