On the funding of Richard J Murphy

Fair play for revealing it all:

But for the sake of clarity I expect my main sources of funding this year to be, in the order of their significance:

Joseph Rowntree Charitable Trust – a Quaker foundation – for core funding on work related to tax and poverty.

The Task Force on Financial Integrity and Economic Development – in turn funded by the Norwegian government in the main – for work on country-by-country reporting.

The Socialist group of MEPs in the EU parliament for services supplied relating to the tax gap.

The TUC for services supplied on a range of issues.

The Tax Justice Network for services supplied, mainly for editorial issues.

Other bits and pieces such as BBC appearance fees, odd articles and reimbursement of expenses.

I also have a small income as a practicing accountant.

We know that the JRCT money is £35,000 a year. The other sums are lower but at a rough guess we\’d say, what, £50k a year all told? £60k ?

Certainly puts him in the top 5%. Add in the part time pro-rata GP\’s salary of the distaff side and household income will roar well over £100k. Not a bad whack actually: almost to the point where Ritchie is the 1%.

And just to repeat something I\’ve done before, in order my income comes from freelance writing fees, running the global scandium oligopoly and this year, fees for investigating the slags in the \’ore mountains. A not entirely dissimilar sum in individual earnings in fact.

One interesting point to note: the entire lack of my income coming from anything government funded or indeed anything substantial that is tax privileged.

12 comments on “On the funding of Richard J Murphy

  1. Tax Research LLP last *published* accounts show revenue of £57,046 including £20,417 paid by JRCT to Richard Murphy in a personal capacity, and profit allocated to R Murphy as £43,760, of which he drew £52,635. Tax Research LLP did not include BBC fees or any work as a practising accountant in revenue and expenses included the cost associated with writing “The Courageous State” from which Murphy expects to receive future income: only £4k appear to be genuine reimbursement of expenses. He also plans to dissolve Tax Gap Ltd and distribute the £12k of assets to himself and Mrs Murphy. So if JRCT funding is now £35k per annum, then your £60k estimate is definitely too low. At least £70k, probably £80k, and that excludes any investment income from the proceeds of selling his business.
    If Mr Murphy had paid out the net assets of The Tax Gap Ltd as dividends he would have had to pay more than £4k in tax, instead he got it tax-free due to a loophole that he *now* wants to close.

  2. Interesting re Richard Murphy. I see he’s involved with a few other companies not mentioned above being Fiscal Responsibility (appears dormant), Finance For The Future LLP & Fulcrum Publishing Limited (appears dormant).

  3. The thing that jumps out at me is his constant harping that ‘there is no such thing as trickle down’.

    Somebody had to earn the dosh to pay the man to pay the man to pay the man to ultimately pay….Richard Murphy.

    And yet a bloke can spend his days sprouting bollocks, no digging turnips, and have a standard of living that would astonish his ancestors of only 3 or 4 generations ago, and which would put him in the top 5% (without adding the wife’s income) of a rich country.

    If he wants evidence of ‘trickle down’, he just needs to look in the mirror.

  4. My heart sinks, every time I hear the word “funding”. It generally means the provision of money for uneconomic activity….

  5. Edward Lud – “Nautical Nick, at least it’s not as evasive as ‘resources’.”

    Or “investing”. At least when the government and other public bodies do it. The TUC has been investing in Ritchie for some time I believe.

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