Cutting a good deal - UK Uncut, Goldman Sachs and the challenge to administrative discretion
MetadataShow full item record
Purpose – The purpose of this paper is to assess the issues raised by and the possible long-term significance of the judicial review obtained by the pressure group UK Uncut into HM Revenue and Customs’ decision to forgive £10 m of interest payable by the investment bank, Goldman Sachs. Design/methodology/approach – Using Lukes’ (2005) three dimensions of power as a conceptual framework, the paper compares this case with a similar case from the 1980s in order to discuss the importance of democratic oversight of the way in which public bodies discharge their duties, the extent to which this should override the principle of taxpayer confidentiality and the extent to which legal rules and procedures permit such oversight. Findings – The comparison shows that, by permitting the review to proceed, greater weight was given to the importance of democratic oversight in the UK Uncut's case, but the rejection of both cases demonstrates that the tax authority is permitted very wide administrative discretion. However, whilst UK Uncut's challenge ultimately failed, it exposed aspects of the tax authority's relationship with large taxpayers to public gaze. This has contributed to demands for changes in the taxation system, which legislators might eventually feel forced to heed. Originality/value – This paper reminds that any significant shift in public attitudes must always have a beginning, and that, even if the challenge fails, it might be the first tangible evidence of a demand for greater transparency in the administration of the tax system which might lead to future changes.
Journal of Applied Accounting Research;
James, M. (2013) "Cutting a good deal – UK Uncut, Goldman Sachs and the challenge to administrative discretion", Journal of Applied Accounting Research, 14 (3), pp.248 - 267
This article was published in Journal of Applied Accounting Research in November 2013 (online), available at http://dx.doi.org/10.1108/JAAR-11-2012-0082
Showing items related by title, author, subject and abstract.
Inflammation in cultured human epithelial cells after installation of carbon black pollution particles Morgan, Steffan (Cardiff Metropolitan University, 2017-06-01)Introduction Carbon black particles are produced by incomplete combustion or thermal decomposition of hydrocarbons in industry and have numerous applications in both commercial and consumer products (Long et al., 2013). ...
Small producer management of broiler processing for profit maximization. The American farm school experience. Pavlovska, Monika (Cardiff Metropolitan University, 2011)This dissertation paper was aimed to investigate and find out how the Small producer of broiler processing could manage its operation for profit maximization in respect to the large and intensive broiler producers. In order ...
An investigation of the feasibility of establishing a bespoke marriage proposal and wedding coordinating service which offers unique and specialised knowledge to couples in the region of South Wales, while based in Cardiff, South Wales. Dickeson, Laura-Jayne (Cardiff Metropolitan University, 2013)The aim of this project was to research and investigate the wedding industry to aid an assessment a feasibility study of establishing a specialist event management company which would be based in Cardiff, but would offer ...