Member Since: 17th Nov 2011
3rd Jun 2020
They say that the sign of a good economist is when they can explain why their predictions were wrong...….
28th May 2020
It seems I spoke too soon as Richard has completely changed his views on the government as the following exchange on his blog today seems to show;
“John Peterson says:
The government’s doing very well right now.
Richard Murphy says:
You must be on another planet”
I wonder what has happened since Tuesday that has brought about this change of opinion.
28th May 2020
"The government’s doing very well right now"
Odd that you say that as on your blog you've said
"The UK has the highest coronavirus death rate. What is truly sad is that this was the result of political choice, and not by chance"
Indeed you've criticised just about every government policy during the coronavirus crisis as a mistake, a missed opportunity or both, claimed to have heard rumours from high placed sources that Boris Johnson has a 'booze problem' and said that many Tory MPs will be delighted at the pensions savings resulting from the untimely deaths of the elderly. You could scarcely have been more scathing of the current government.
It's almost as if, being aware that you will have very different audiences here and on your blog, that you're just saying what you think your audience wants to hear.
Is this the answer to your 'survival question', I wonder.
14th May 2020
You call was important to them.
30th Apr 2020
Sorry but it's difficult to take advice from someone who has just written on his blog that
“...given the dividend has a deemed credit attached to it in most cases (but not all) no income tax is due”
Four years after the dividend deemed credit was removed, Mr Murphy hasn't caught up.
26th Apr 2020
Not many mentions of tax avoiders lately on the RM blog although he is claiming that the government does not care and is deliberately using policies which will result in the unnecessary deaths of tens of thousands of the elderly and is 'delighting' in this;
"The fact is that anyone over a certain age now realises that the government's ongoing herd immunity policy, that is already unnecessarily killing tens of thousands of older people, shows that the government really does not care about those it considers elderly. This policy already makes it clear that those of about retirement age and above are now very obviously considered expendable. And this is unsurprising. Given that neoliberal politics in the UK long ago gave up worrying about how a government might provide for those enjoying ever longer lives I suspect that neoliberal politicians' delight that this problem is apparently being solved for them knows no limits:they will only see economic gain in this. They will simply be imagining the financial returns as all those pensions go unpaid."
A pretty shocking, and some might say vile, accusation.
I do wonder at Accounting Web giving a platform and thereby credibility to someone holding such extreme and inflammatory views at a time requiring national unity. After all, even the Daily Mail has stopped using Katie Hopkins.
24th Apr 2020
Thankfully, Richard's predictions made only a couple of weeks ago of "10,000 deaths a day" and "starvation" in the UK as a result of the coronavirus haven't come to pass. Only time will tell if his current predictions of "hundreds of thousands of excess deaths" and claim that there's an on-going and deliberate 'cover up' by the government about the true numbers of deaths turn out to be correct.
"there will be a rash of new restaurants to replace those that have gone bust". Quite possibly and it will be for restaurateurs to decide whether, as Richard explains, the likes of Dominos have got it wrong and that people don't like choice.
Still I'm pleased Richard is better from whatever it was he may or may not have had but surprised that he hasn't been tested for coronavirus as I had assumed that he had been as on his blog he said that doctors had told him he was no longer contagious.
Who knows, perhaps Richard's loss of business activity may result in him returning to practice? Lots of things have changed in the 20 years since he sold his last practice but if he needed any help or advice, that's what this forum is for and I'm sure there would be no lack of help.
9th Apr 2020
"Just for fun we MJH Accountancy have dug up the latest information to allow us to estimate how much tax Google would pay HMRC if all UK revenues were booked through it's UK business."
Might be fun but what's the point?
What UK tax would be lost if British companies which exported were booked overseas?
How much tax would Google pay if it were 100% based in the UK and booked everything here?
"The other eye-catching number was that google employees were paid on average £234,000."
And if it paid them a lot less it would pay more corporation tax but a lot less income tax and NIC would be collected.
"Digital Services tax was introduced by HMRC on 1st April 2020. 2% tax will be levied on Google revenue generated from UK customers."
Most likely the 2% will be passed on to customers and so customers will end up paying. That's what Amazon (or was it eBay?) did in France. Not a lot of fun for us.....
26th Mar 2020
Absolutely not satire
The Accountingweb columnist is suggesting that help from the government should be conditional on a company giving up 25.1% of its share capital to the government, being given a list of orders on how to run its business and that an army of government officials will be standing by to be appointed as majority directors of any company that does not obey the rules.
He's quite content that any company that can't accept these impositions would get no help at all and if it went bust, so be it.
25th Mar 2020
You may be being unfair on the unhelpfulness of Mr Murphy's article here. As he tells us on his website today;
"I have had coronavirus and am still very tired as a result and am not working normally."