How right is the price?

  The trouble with studying for an Economics degree was that every Tom, Dick and Maths geek relegated the perceived syllabus to three years of reading the Economist and watching the Money Programme. They reckoned they understood everything much better than I did, while (they thought) I had no idea how to prove zero (they…

Trust the taxman?

  My first suspicion that authority wasn’t all it was cracked up to be was at the age of 10, when I saw Lionel Bart’s newly released Oliver! Between the catchy numbers and faux-dirty actors there were two clear messages – the inhumanity of the workhouse system and Mr Bumble’s ‘The law is a ass,…

Those lazy-hazy-crazy days of summer

The annual silly season is upon us, when the media inundates an unsuspecting public with frivolous news stories to replace the serious ones about Donald Trump, Boris Johnson and the Women’s Soccer World Cup. I was tempted to join in, but the international tax field has been awash with important updates over the last month.…

An actor walks into a Bar

At Penguin Books’ 1960 obscenity trial in the matter of DH Lawrence’s steamy novel ‘Lady Chatterley’s Lover’, the prosecuting counsel famously asked the jury of randomly picked men and women, ‘Is it a book that you would even wish your wife or your servants to read?’ The jury found in favor of the publishers, and…

Fair fight?

Underdog Andy Ruiz's technical knock-out of world heavyweight champion Anthony Joshua in their fight on June 2 was one of sporting history's great surprises. Similarly, civil court cases against the tax authorities are rarely won by the underdog, generally ending with a knock-out - technical or otherwise - of the assessee. There was an exception…

The Celtic Tiger changes its stripes

The biggest debunker of conspiracy theories has to be what the British call 'the thirty year rule'  for the declassification of secret documents. It is not that the released documents reveal the truth (the really juicy ones are locked up for far longer); it is, rather, the realization that the behind-the-scenes machinations of government way…

Double Dutch

Back in the days when there were twelve pence to a shilling and twenty shillings to a pound, there was an urban myth of a retired Maths teacher who runs into his worst student as the latter climbs out of a Rolls Royce. The younger man embraces his old nemesis, proceeds to thank him for…

Tales from the Crypto

Kurt Vonnegut famously said: 'True terror is to wake up one morning and discover that your high school class is running the country'. The G20 summit in Buenos Aires earlier this month spawned a myriad online articles about the international taxation of cryptocurrencies (Bitcoin etc). Intrigued by the efforts of my 'classmates' (most of them…

Yes, Minister

Looking confused next to the overhead locker of my assigned Business Class seat on a British Airways flight from Heathrow to New York last year, I was approached by a helpful flight attendant (if that is what stewardesses are called these days) who offered assistance. Pointing to the little picture indicating which mini-compartment was 12A,…

Taking axes to taxes

En route to a tax conference in Malta earlier this month, circumstances led me to muse about the renewed race to the bottom of international corporate tax rates. Donald Trump had not yet surprised the world with his election win, so his promises of madly reduced US corporate tax rates were the stuff of fantasy.…