This story will read as if April Fools’ Day had come three weeks early but there is serious talk of banks charging interest for looking after our money.
The Philip Fisher column
The world is overrun with blogs and tweets. While they serve a purpose, this column is something slightly different. You will not find out what the author had for breakfast or the colour of the socks he is wearing. You will not be pestered with tedious listings of every film, book, play etc that your correspondent has ever seen or his latest success or otherwise on the golf links.
What readers have come to expect from a writer who has been associated with AccountingWEB almost from its inception are objective but on occasion quite possibly opinionated articles about topics that might be of interest to accountants as people. The intention is to be simultaneously challenging, thought-provoking and entertaining.
Since the writer is a partner in the Human Capital team at BDO LLP these columns will frequently take on issues relating to taxation, business and government policy. For light entertainment, he is also London Editor of British Theatre Guide so there will be plenty of hints and tips about what to see and not to see.
He also regularly writes about technology for London Accountant and almost anything else under the sun for a variety of publications so there are always going to be odd surprises in store. Travel, art, books, theatre, sports and consumer issues are all likely to receive consideration in coming months - but so are taxation issues, thoughts on the latest technology and, inevitably, the activities of the Chancellor and HMRC.
Watching the English playing any sport is the equivalent to seeing a Roman prisoner being gored by lions yet we still go on doing it in the naive belief that the boys will win.
If the ultra-rich can avoid and evade tax without any major recriminations, why should the rest of us pay tax at all?
Regular readers of this column will know that since its inception there has been a focus on the inadequacies brought on HMRC by its lack of financing.
Give or take the odd whistle-blower, it does not seem that anybody even peripherally involved in the Swiss bank account scandal is likely to come out of it well.
For those of us who occasionally wish that we were in a more glamorous profession, it can be a mixed blessing to discover tax as a constant in news headlines.
With almost 100 days still to go, it is easy to conclude that politicians care far more about the politics than the people.
At long last, the end should be in sight for those whose mission is to help clients complete self-assessment tax returns.
As deflation becomes an economic reality, the inevitable urge to increase charge out rates at every opportunity might soon be replaced by a need for different approach.
Beautiful the Carole King Musical lived up to its name in New York and will soon hit London along with the unexpected answer to this question.
For those who can’t wait until opening night in March, the answer is in the Comments below.
As the British Government seeks to cut spending to 1930 Depression levels, the United States gives a chilling glimpse of our future.
It is easy to look at the old days through rose-tinted glasses and generally, developments during our lifetimes have been a boon for us all.