Banking on trust

Banking on trust

Typical is an accountant Public Accountant spoke to recently who cited a client’s problems: his new business had paid cash for a prime mover and had a contract in place, but his bank told him that he needed to be in business for two years before they would finance...
Power politics

Power politics

Nevertheless, one thing has kept it in the policy debate: it’s an economically ‘efficient’ way to raise tax revenues. Some taxes are particularly inefficient: for instance, a tax on corporate profits makes some foreign investors think twice about setting up a business...
John Hempton: accounting sleuth

John Hempton: accounting sleuth

Intriguingly, several news stories noted that the emergence of HP’s Autonomy debacle had been predicted a few weeks earlier at a famous New York investor conference, the Santangel’s Review. And the analyst who had already detected Autonomy’s problems was not a...