The Denton Briefing October 2016

Three of my favourite topics feature in this issue of the Denton Briefing – tax, Bond and beer. But not necessarily in that order and not necessarily for the right reasons. What is definitely welcome – and long overdue – is to have someone in the media reminding us that legitimate tax avoidance is not immoral and quoting Thomas Tomlin's famous judgment from the 1930s: "Every man is entitled if he can to order his affairs so that tax ... under the appropriate Acts is less than it otherwise would be." It's hard to argue with that. There are also some encouraging noises about the likely impact of Brexit on the UK and the good news from the OECD that some industrialised countries are now cutting taxes in an attempt to spur growth.