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Well, yes, I suppose so

Horace Greeley says:
November 18 2015 at 11:56 pm
So if I’ve followed recent threads properly, entrepreneurs don’t need the incentives of tax breaks to become entrepreneurs but they do need tax breaks to invest in the businesses they don’t need tax breaks to set up and run?

The response:

Richard Murphy says:
November 19 2015 at 6:15 am
I suspect you have never been near a business

If you had you would know that there is market failure when iut comes to access to capital

That is what I am suggesting be corrected

Which is absolutely glorious. Because of course what he’s proposing is that the suppliers of capital get no tax break but the company which already has capital does.

That’s not really how to increase the willing supply of capital….

11 thoughts on “Well, yes, I suppose so”

  1. And today he discusses the perversely low CGT rates on the HOLDING (my capitals) of shares.
    This, I must admit, is news to me.

  2. I claim quite a close connection to Horace. He’s like the twin brother I never had. It’s like looking in a mirror at times. And Horace has 27+ years experience advising businesses on tax matters.

  3. His response is classic murph: unwarranted ad hominem point followed by a tangential comment. All it lacks is his trademark threat of deletion. What a strange and odious little man.

  4. Oddly Horace has no recognised professional qualification.

    Although he does have a certificate signed by the Board of Inland Revenue certifying that at one point in his career he was one of her Majesties fully qualified technical Inspectors of Tax and legally entitled to use the powers of the various taxes acts.

    (strangely, upon being presented with said rather imposing certificate it was explained that it wasn’t HMIT policy to display the certificate in office in case it intimidated taxpayers – or their shitty parochial accountants who for the most part proved hopelessly equipped in technical argument).

  5. Horace can reassure himself his commissioning scroll stands as a professional qualification; I’m sure he is well aware of that already. He is qualified in a way Ritchie can only envy.

  6. The old Customs Warrant Scroll, especially the fold-up pocket version was always quite impressive.

    Especially as it was sufficiently antique in its wording that it didn’t mention the RAF.

    I was assured that “Her Majesty’s military” did, despite all the evidence, actually include them.

  7. Having dug Horace’s certificate out of the cupboard it is a bit of a larf…

    We, the undersigned, being two of the Commissioners of Inland Revenue, do herby certify that


    having passed the Final Departmental Examination of her Majesty’s Inspectors of Taxes, has proved to our satisfaction that he has all the necessary qualifications to do and perform all and every Act of Parliament in force directed to be done or executed by an Inspector or Surveyor of Taxes, we therefore authorise him so to act under the orders, instructions and directions of the Commissioners of Inland Revenue in any District or Districts which may be assigned to him by the said Commissioners, or at such place or places as may be directed by the said Commissioners.

    Given under our hands


    They even use a regular font for most of it but some sort of gothic script for ‘Commissioners of Inland Revenue’ and ‘her Majesty’s Inspectors of Taxes’

  8. SE/Andrew

    I like my RAF commissioning scroll as it has their Britanic Majesties’ signatures on it. By contrast a Civil service commissioning scroll has, as you say, the latest nonentity board member’s.

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