Quote of the day: the descent of Britain
"While the government is only too happy to put the populist boot into the tax affairs of Jimmy Carr or Starbucks, it is rather cagier about the curious twists of policy that allow swaths of the corporate tax code to be written by companies with help from the very accountants who design avoidance schemes.It's a really positive review. Our quote of the day in bold. Right on the money.
. . .
Britain, far from ruling the waves, may be condemned increasingly just to waive the rules. At the end one is left with a slight whiff of nostalgia – for the days when governments could crack the whip over even the biggest companies."
(On the same subject, also see Over Here and Undertaxed.)