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Richard Murphy (political Economist)
Richard Murphy (born 21 March 1958) is a British chartered accountant and political economist who campaigns on issues of tax avoidance and tax evasion. He advises the Trades Union Congress on economics and taxation, and founded the Tax Justice Network. He is a Professor of Accounting Practice at University of Sheffield Management School. Early life Richard Murphy was born in 1958 and brought up in Ipswich. His undergraduate degree was in Economics and Accountancy at the University of Southampton, and further trained at KPMG becoming a Chartered Accountant. Career For much of his early career he was an accountant in Downham Market, Norfolk. In 1985 he co-founded an accountancy firm which became Murphy Deeks Nolan. The company was sold in 2000. Murphy was also the founder of a company that became the European distributor for the game Trivial Pursuit. Murphy has since admitted that the manufacturing operation he set up in Ireland to manufacture Trivial Pursuit was there to avoid ...
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University Of Southampton
, mottoeng = The Heights Yield to Endeavour , type = Public research university , established = 1862 – Hartley Institution1902 – Hartley University College1913 – Southampton University College1952 – gained university status by royal charter , chancellor = Ruby Wax , vice_chancellor = Mark E. Smith , head_label = Visitor , head = Penny Mordaunt , location = Southampton, Hampshire, England , campus = City Campus , academic_staff = 2,715 (2020) , administrative_staff = 5,001 , students = () , undergrad = () , postgrad = () , colours = Navy blue, light sea green and dark red , endowment = £14.9 million , budget = £578.4 million , affiliations = ACU EUA Port-City University LeagueRussell Group SES SETsquared AACSB ...
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University Of Sussex
, mottoeng = Be Still and Know , established = , type = Public research university , endowment = £14.4 million (2020) , budget = £319.6 million (2019–20) , chancellor = Sanjeev Bhaskar , vice_chancellor = Sasha Roseneil , head_label = Visitor , head = King Charles III , students = 19,413 (2019–20) , undergrad = 14,619https://www.sussex.ac.uk/webteam/gateway/file.php?name=19-20-digest---undergraduate-student-summary.pdf&site=381 , postgrad = 4,794https://www.sussex.ac.uk/webteam/gateway/file.php?name=19-20-digest---postgraduate-student-summary.pdf&site=381 , city = Falmer, Brighton , state = East Sussex , country = England , campus = Campus , colours = White and Flint , mascot = Badger , affiliations = Universities UK, BUCS, Sepnet, SeNSS, Association of Commonwealth Universities, NCUB , website = , logo = University of Sussex Logo.svg , footnotes = , academic_staff = 2,010 (2020) , administrative_staff = 1,100 The Univ ...
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2015 Labour Party Leadership Election (UK)
The 2015 Labour Party leadership election was an internal Labour Party poll which was triggered by the resignation of Ed Miliband as Leader of the Labour Party on 8 May 2015, following the party's defeat at the 2015 general election. Harriet Harman, the Deputy Leader, became Acting Leader but announced that she would stand down after the leadership election. It was won by Jeremy Corbyn in the first round. Four candidates were successfully nominated to stand in the election: Andy Burnham, Yvette Cooper, Jeremy Corbyn, and Liz Kendall. The voting process began on Friday 14 August 2015 and closed on Thursday 10 September 2015, and the results were announced on Saturday 12 September 2015. Voting was by Labour Party members and registered and affiliated supporters, using the alternative vote system. Support for Corbyn, who entered the race as a dark horse candidate, and the release of opinion polls which showed him leading the race, led to high-profile interventions by a nu ...
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Jeremy Corbyn
Jeremy Bernard Corbyn (; born 26 May 1949) is a British politician who served as Leader of the Opposition and Leader of the Labour Party from 2015 to 2020. On the political left of the Labour Party, Corbyn describes himself as a socialist. He has been Member of Parliament (MP) for Islington North since 1983. Corbyn sits in the House of Commons as an independent, having had the whip suspended in October 2020. Born in Chippenham, Wiltshire, and raised in Wiltshire and Shropshire, Corbyn joined the Labour Party as a teenager. Moving to London, he became a trade union representative. In 1974, he was elected to Haringey Council and became Secretary of Hornsey Constituency Labour Party until being elected as the MP for Islington North in 1983; he has been reelected to the office nine times. His activism has included roles in Anti-Fascist Action, the Anti-Apartheid Movement, the Campaign for Nuclear Disarmament, and advocating for a united Ireland and Palestinian stat ...
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Political Positions Of Jeremy Corbyn
This article summarises the views and voting record of Labour Party MP Jeremy Corbyn, who was the Leader of the Opposition and Leader of the Labour Party in the United Kingdom from 12 September 2015 until 4 April 2020. Positioning Corbyn self-identifies as a socialist. He has also been referred to as a "mainstream candinaviansocial democrat". He advocates reversing austerity cuts to public services and some welfare funding made since 2010, as well as renationalisation of public utilities and the railways. A longstanding anti-war and anti-nuclear activist, he supports a foreign policy of military non-interventionism and unilateral nuclear disarmament. Writer Ronan Bennett, who formerly worked as a research assistant to Corbyn, has described him as "a kind of vegan, pacifist idealist, one with a clear understanding of politics and history, and a commitment to the underdog". In 1997, the political scientists David Butler and Dennis Kavanagh described Corbyn's political sta ...
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Tax Evasion
Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits or gains than the amounts actually earned, overstating deductions, using bribes against authorities in countries with high corruption rates and hiding money in secret locations. Tax evasion is an activity commonly associated with the informal economy. One measure of the extent of tax evasion (the "tax gap") is the amount of unreported income, which is the difference between the amount of income that should be reported to the tax authorities and the actual amount reported. In contrast, tax avoidance is the legal use of tax laws to reduce one's tax burden. Both tax evasion and tax avoidance can be viewed as forms of tax noncompliance, as they desc ...
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Land Value Tax
A land value tax (LVT) is a levy on the value of land (economics), land without regard to buildings, personal property and other land improvement, improvements. It is also known as a location value tax, a point valuation tax, a site valuation tax, split rate tax, or a site-value rating. Land value taxes are generally favored by economists as they do not cause economic efficiency, economic inefficiency, and reduce economic inequality, inequality. A land value tax is a progressive tax, in that the tax burden falls on land owners, because land ownership is correlated with wealth and income. The land value tax has been referred to as "the perfect tax" and the economic efficiency of a land value tax has been accepted since the eighteenth century. Economists since Adam Smith and David Ricardo have advocated this tax because it does not hurt economic activity or discourage or subsidize development. LVT is associated with Henry George, whose ideology became known as Georgism. George ar ...
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OECD
The Organisation for Economic Co-operation and Development (OECD; french: Organisation de coopération et de développement économiques, ''OCDE'') is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD members are high-income economies with a very high Human Development Index (HDI), and are regarded as developed countries. Their collective population is 1.38 billion. , the OECD member countries collectively comprised 62.2% of global nominal GDP (US$49.6 trillion) and 42.8% of global GDP ( Int$54.2 trillion) at purchasing power parity. The OECD is an official United Nations observer. In April 194 ...
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Tax Avoidance
Tax avoidance is the legal usage of the tax regime in a single territory to one's own advantage to reduce the amount of tax that is payable by means that are within the law. A tax shelter is one type of tax avoidance, and tax havens are jurisdictions that facilitate reduced taxes. Tax avoidance should not be confused with tax evasion, which is illegal. Forms of tax avoidance that use legal tax laws in ways not necessarily intended by the government are often criticized in the court of public opinion and by journalists. Many corporations and businesses that take part in the practice experience a backlash from their active customers or online. Conversely, benefiting from tax laws in ways that were intended by governments is sometimes referred to as tax planning. The World Bank's World Development Report 2019 on the future of work supports increased government efforts to curb tax avoidance as part of a new social contract focused on human capital investments and expanded ...
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Financial Transparency
In economics, a market is transparent if much is known by many about: What products and services or capital assets are available, market depth (quantity available), what price, and where. Transparency is important since it is one of the theoretical conditions required for a free market to be efficient. Price transparency can, however, lead to higher prices. For example, if it makes sellers reluctant to give steep discounts to certain buyers (e.g. disrupting price dispersion among buyers), or if it facilitates collusion, and price volatility is another concern. A high degree of market transparency can result in disintermediation due to the buyer's increased knowledge of supply pricing. There are two types of price transparency: 1) I know what price will be charged to me, and 2) I know what price will be charged to you. The two types of price transparency have different implications for differential pricing. A transparent market should also provide necessary information about quali ...
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Institute For Fiscal Studies
The Institute for Fiscal Studies (IFS) is an economic research institute based in London, United Kingdom, which specialises in UK taxation and public policy. It produces both academic and policy-related findings. The institute's aim is to "advance education for the benefit of the public by promoting on a non-political basis the study and discussion of and the exchange and dissemination of information and knowledge concerning national economic and social effects and influences of existing taxes and proposed changes in fiscal systems." It is located in the Bloomsbury area of Central London close to the British Museum and University College London (UCL). History The institute was founded in response to the passing of the Finance Act 1965, by four financial professionals: a banker and later Conservative Party politician ( Will Hopper), an investment trust manager (Bob Buist), a stockbroker (Nils Taube), and a tax consultant ( John Chown). In 1964, the then Chancellor of the Ex ...
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Green New Deal
Green New Deal (GND) proposals call for public policy to address climate change along with achieving other social aims like job creation and reducing economic inequality. The name refers back to the New Deal, a set of social and economic reforms and public works projects undertaken by President Franklin D. Roosevelt in response to the Great Depression. The Green New Deal combines Roosevelt's economic approach with modern ideas such as renewable energy and resource efficiency. A prominent 2019 attempt to get legislation passed for a Green New Deal was sponsored by Rep. Alexandria Ocasio-Cortez (D-NY) and Sen. Ed Markey (D-MA) during the 116th United States Congress, though it failed to advance in the Senate. In the European Union, a 2019 proposal from the European commission for a European Green Deal was supported by the European Council, and in January 2020, by the European Parliament as well. Since the early 2000s, and especially since 2018, other proposals for a "G ...
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