26/09/2010 by admin.

It seems that HMRC has obtained a list of wealthy individuals with accounts at the Swiss division of HSBC. This list was stolen by an HSBC employee and passed to the taxman by the French authorities, HSBC are not accused of any wrongdoing.

The Coalition believe that closing tax loopholes could generate up to £7bn a year by 2015 additional income tax revenue. The HMRC have said that: “The days of hiding money offshore to evade tax are now over.” 

But this is a shame because this is not really the Coalition getting tough with the rich, it is a worldwide clampdown on “offshore” tax havens ordered by the G20 last year.

Posted in Finance | 3 Comments »

21/09/2010 by Dandy.

Is the flotation on the stockmarket of Betfair more to do with trouble ahead for the betting industry after bet fixing in sport. Is it a case of do this quick before the shit hits the fan???

Posted in Finance | 2 Comments »

05/09/2010 by JohnB.

The well that spilled 206 million gallons of oil into the Gulf of Mexico looks like it poses no more risk.  Adm Thad Allen told reporters after engineers had replaced a damaged valve on the sea bed. That faulty valve has been brought to the surface and will be examined as part of an enquiry. Engineers are going to pump concrete from a second relief well to seal the ruptured well for good. The oil leak was stopped more than four weeks ago, but there had always been fears the leak would start again under pressure. Let’s hope that oils well that ends well!

Posted in Finance | 3 Comments »