There’s a perverse untruth about the fiscal deficit that the likes of the Institute for Fiscal Studies and their acolytes, like Stephanie Flanders on the BBC, keep going on about. This untruth is that we had one before 2008. The truth is that if government had accounted like a company – on an accruals basis […]
Will Vince force countries to report by country?
May 23rd, 2010 by Richard Murphy.The Telegraph reported this weekend that “Vince Cable, the new Business Secretary, has placed tackling tax avoidance by businesses at the top of his list of priorities.” That’s welcome news, albeit that as he’s not a Treasury minister, it might seem a little surprising. Or is it?
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Spend and Tax – to close the fiscal gap
May 11th, 2010 by Richard Murphy.There’s an issue that all the talk of coalitions, deals and prime ministerial resignations has pushed still further to the sidelines whilst the issue of cuts remains firmly in the limelight. That is the issue of tax. As I have shown, UK tax revenues tailed along behind UK state spending from 2002 to 2008 with […]
