There has been discussion of late on the ideal structure for a tax system, but it seems to me that this cannot be discussed in purely technical terms.
Simon Sweetman's Blog
Simon Sweetman was an inspector of taxes for 18 years. He left the Inland Revenue in 1989 to join Chartered Accountants Scrutton Goodchild & Sanderson, later part of Scrutton Bland, where he was successively a senior manager and later a partner. He has been an independent consultant since 2001. He is a former member of the tax policy unit of the Federation of Small Businesses and the small business working group of the Chartered Institute of Taxation.
So Des Hudson has unleashed a micro-storm among the tax professionals, to the point that some felt the readers of the Daily Mail were the ones condemning it, which would indeed seem to be Satan rebuking sin.
So the posh boys have won. Red Ed Milliband and Red Kevin Pietersen have been firmly disposed of by those who went to the right schools.
It must greatly frustrate readers of AccountingWEB that the creators of worlds of fantasy give such sketchy details about their financial and fiscal systems.
This was suggested by members of the PAC when they questioned Dave Hartnett and Edward Troup recently: It is hardly a new perception being an article of faith for the FSB and many others, says Simon Sweetman.
I thought I might look at something in the Budget, something simple that we can all understand.
Several legendary English cricketers, including key members of the 2005 Ashes winning team, are facing “very substantial” bills for payment of tax as a result of their involvement in film investments, the Guardian has learned.
Well you always complained, didn’t you, that people wouldn’t take an interest in tax. And now perhaps they do, says Simon Sweetman. Be careful, as they say, what you wish for.
The day the HSBC news officially broke I had this phone call from Radio 5 Live asking me to come on air and comment, says Simon Sweetman.