Spud misses the point being made

So, he gives evidence to the House of Lords. Lovely. Who then say:

According to HMRC’s latest estimates, the total tax gap amounts to £36 billion or 6.5 per cent of total direct and indirect tax liabilities. Professor Richard Murphy challenged HMRC’s methodology, arguing that the figure is an underestimate. For the purposes of this report we use HMRC’s estimates of the overall gap.

That is, we don’t believe Spud. But there’s more!

Most of the evidence submitted to the inquiry challenged HMRC’s analysis of the behavioural effects of the measures arguing that the estimated tax gap reductions would either never materialise in full or might even go the other way.

Some argued that, to the extent that record-keeping would improve, the result would not necessarily be in the Exchequer’s favour.

That is, the errors in record keeping which drive Spud’s estimate are not all in the direction of less tax, it’s even possible that they, in aggregate, trend the other way, meaning that Spud’s estimates are even more wrong!

What then worries about our Professor’s intellect is that he quotes this to show that he is right……

9 comments on “Spud misses the point being made

  1. Don’t proper professors get upset when this charlatan is referred to as “Professor Richard Murphy” in government reports?

  2. In the comments he says the fact he was appointed to a committee by the Tories shows they respect him.

    Sheesh, doesn’t he know they needed someone from the left on this committee to avoid accusations of bias, and would go for the biggest idiot they could find, and got him. Plus, if they included him, it would make it hard for him to criticise the committee from outside.

  3. BIW yes, I have a relative who is a Professor of Economics and through he’s a lefty himself he’s eyes roll at the mention of Murphy. The other Professors I’m acquainted with have never heard of him. He’s also a Professor of Practice, so shouldn’t really being throwing around the title as he does.

    If he were taken seriously he’d be in City’s Economics department or at Cass rather than working with his friends in International Politics.

  4. BiW>

    When the old polys were converted to unis, much of the resistance was not to the idea that students would now get degrees (where merited) but to the idiotic notion that poly tutors would now be called professors.

  5. It would have been great if the entire HoL had all taken up the chant:

    “You Fat Bastard, You Fat Bastard, You Fat Bastard”.

  6. In the comments he says the fact he was appointed to a committee by the Tories shows they respect him.

    Yeah, and they respect Corbyn too.

  7. “Sheesh, doesn’t he know they needed someone from the left on this committee to avoid accusations of bias, and would go for the biggest idiot they could find, and got him. Plus, if they included him, it would make it hard for him to criticise the committee from outside”

    That’s an awfully big assumption you’re making there, that the tories are not as stupid as him.

  8. Just because he is on a committee will not stop him. He will probably still criticise it.
    Heck, I’ve criticised them to their face.

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