European Monetary Union - now!
Article Abstract:
The UK should join the European Monetary Union immediately because businesses and citizens would benefit from a single European currency. Vacationers would not have to worry about exchanging currency, and the transaction costs of cross-country trade within the European Community (EC) would be eliminated. UK politicians fear that a single European currency would dilute the sovereignty of the UK and their power to control inflation, but the record of UK politicians in combatting inflation is dismal. The fight against inflation would be better handled by the mechanizations of a European Monetary Union dominated by Germany and the Bundesbank. The deutschmark is the logical currency to become the single European currency as the European Currency Unit is artificial. An independent central bank will be needed to regulate the single European currency. The logical candidate for a central bank is the Bundesbank and not a EuroFed.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1990
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A Budget for jobs for accountants
Article Abstract:
The new Budget of Chancellor Norman Lamont has elicited various reactions from accounting professionals. According to KPMG Peat Marwick's Roger White, the Budget createsmore work for tax accountants because of the various changes included. Attention has also been focused on the Budget's proposals for advance corporation tax (ACT). Some professionals feel that decreasing ACT rates and the plan for a Foreign Income Dividend (FID) will not be sufficient to eliminate the ACT surplus, while others feel that results would depend on legislation for FIDs. Andrew Jones of Ernst & Young also predicts the ACT proposals will be harmful to recovering businesses. On the other hand, Alan Buckett of BDO Binder Hamlyn approved the changes on VAT penalties, although hebelieves that this could increase appeals in tribunals.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 1993
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In 2001 - 10 years on
Article Abstract:
Predictions for the period 1991 to 2001 published in 'Accountancy' in January 1991 are reviewed. The forecasting of a merger between two of the top six accountancy companies has come to pass.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2001
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