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Black Day

Submitted by Ciarán on Mon, 10/12/2007 - 21:56

I see that Conrad Black has been sentenced to six years in the slammer. Corporate fraud trials tend to be very complicated things indeed, so there's no use simply assuming that Black robbed the company silver, at least in an obvious way, though he was certainly recorded removing delicate files from his office when he discovered he was under investigation.

Anyway, Richard Finlay an excellent essay on the real-life space opera villain that is Conrad Black over on his blog. Also, you might want to check his comments on subprime out while you're over there.

Corporate Taxes? Highly Illogical

Submitted by Ciarán on Tue, 28/08/2007 - 07:10

It's good to see the Conservative Party, through the otherworldly presence of John Redwood, arguing strongly for the tax burden on UK business to be reduced (the full report, in pdf format, is here). And it's good to see Ireland's low corporate tax base cited as a warning: if British taxes aren't reduced, globalised businesses might just head to kinder climes where they wouldn't have to fork out so much to government.

Just one thing.

How are we to reconcile a fear about the tax burden on business with the fact that almost a third of the 700 top British business paid not one single penny in corporation tax during the 2005-6 period? Or that another third barely paid any? This, I fear, will require a more advanced mind than my own...

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