Showing posts with label Tax is taxing. Show all posts
Showing posts with label Tax is taxing. Show all posts

Friday, 26 April 2013

Margaret Hodge shows she is witless fool, again.

Ban accountants from helping with complex accounting issues, that is the latest idea from Margaret Hodge who is an inept fool, well out of her depth on the Public Accounts Committee.

She has really got to me recently with her pathetic grandstanding on Google paying tax etc. Hodge is a world-class lefty hand-wringer who blames the problems on the users rather than the software to borrow some tech speak. And makes a nice lot of witless grands

The reason accountants have to advise the Government on Tax law is because it runs to 11,000 pages, that's right eleven thousand. It's a bit complicated. You do indeed need a degree from Oxbridge to understand even a bit of it. It's why even the top accountancy firms have to employ thousands of specialists.

The real issue is of course not that these accountants then abuse their position of insight to try and avoid taxes; that is merely a statement of the bleeding obvious.

No, its that by asking tax accountants to review tax law you are only going to get one answer; more tax law. For this is their bureaucratic living and as we know, bureaucracy is very keen on darwinism and seeks to expand at all times. The issue lies not with the Big 4 but with the Government itself.

So the key is not to ban experts from helping the Government, that is just silly. The key is to reduce the amount of taxation law - the person to lead this certainly needs legal and accounting advice, but they need to start from a base of trying to halve the laws.....oddly I thought this is what we employed politicians for. To be the ones who direct the experts in the right direction?