105 posts • joined 19 Aug 2010
There is a greater degree of self interest in there for the MNCs as well these days - those minerals are 'pillaged'; pillage is of course a war crime, but there's a heavy evidential burden to get as far up the supply chain as a chip maker. However, 'pillage' is now a de facto offence predicate for money laundering. Or, in English, if you've got pillaged goods in your supply chain, you're potentially guilty of money laundering, and that's a very real threat for business.
Shameless self promotion klaxon - I wrote a paper on it that you can find at http://www.accaglobal.com/gb/en/technical-activities/technical-resources-search/2014/june/pillage-a-new-threat.html or if you prefer, a rather more digestible blog post at http://blogs.accaglobal.com/2014/07/15/pillage-isnt-about-viking-longboats-anymore-you-could-be-wearing-eating-and-looking-at-it/
Re: Vertical vs. horizontal
IIRC, there is also an issue with reflections from oil/diesel not showing up - mostly an issue for motorcyclists who I understand tend not to use polarised visors for that very reason, but as a car driver it's always worth understanding why the bike ahead of you has changed course/slowed right down (alongside eg white lines & manhole covers on a rainy day)
Re: this probably sounds stupid.
I don't know about DMCA type stuff, but they're certainly already looking at the tax residence of satellites - see eg the blog post at http://martinhearson.wordpress.com/2013/09/02/satellites-in-geostationary-orbit-a-new-tax-justice-issue/ I can't believe it wouldn't be long before they extended some kind of jurisdiction to satellites, even if by proxy based on where the owner/operator is incorporated.
So long El Reg, it's been nice knowing you. (I'd have posted AC, but what would be the point..?)
Re: Jheez, poor bastard. :\
Perhaps someone high up at Joyent has themselves had the fat fingered moment of dread, and recognises the value of experience...
There's a similar thing with discharged bankrupts; they are statistically the least likely people to go bankrupt (yes, again). Despite which, they are also one of the groups that finds it hardest to get bank accounts. The test is of course administered by bankers who have not themselves gone bankrupt.
Re: Cart before the horse?
Surely all you need to convert the pie-in-the-sky to the pie-on-the-table is gravity? (Well, and making sure the table's outside obviously.)
My father used to write operating systems for IBM mainframes back in the late 60s/early 70s. 3 or 4 years ago, he bought a new hard drive - maybe longer, IIRC it was 80 gigabytes & cost him just north of £100. What struck home was the calculation he did on how much it would have cost him to get access to that much memory back when he was working for a living - it came out at something like £19m. To hire, for a week, cos that's how it used to work in those days. Yep, things have definitely changed. (His other pet peeve is musical Christmas cards, which have more computing power than the first system he ever used - and took up an entire room).
Re: ebay's password policy ...
Not to worry; as long as you've bookmarked this page you can always come back here to copy & paste it.
1930's Aston Martins started with the month production started as a letter (A for Jan, B for Feb etc) then a single digit for the year of the decade (2 for 1932, 3 for 1933 etc) followed by the actual chassis number for the model, and a suffix letter for type. So eg C2/201/S is short chassis 201, built in March 1932. G7/722/L would be long chassis 722, laid down in July 1937. However, they don't seem to have built the chassis in order - so we have H7/717, C7/719 (5 months earlier) B40/720, (3 years later) F9/721, (back a year) A9/722, A7/730 B7/736 (finally moving forward again) and so on. Even if you spot the lack of repetition of 3 digit numbers, you'd still be caught out as there were frequent jumps to the next hundred when a new model came out/new owner bought the company. (The earlier cars up to number 74 were much easier; S for sports and T for Touring with no indication of date. Apart from MS1, a polished chassis built specially for motor show display. Subsequently though the number 273 appeared on at least 3 sets of records, but does not appear to have ever actually left the factory.)
Re: Absolutely and Schools
Couldn't you just file them all under C for Chemicals? Or save time, & stick them all in one jar labelled (briefly) "compound"?
Re: Bah! Old news
*under* the sun? I think perhaps I could suggest one new concept you might like to consider...
Re: Does it have to be every 365 days?
Presumably you mean "last statement +360", not "every 360 days", given that the underlying information relates to periods of 365/366 days? But yes, simply aligning the annual statements with whichever month they get produced in would appear to make sense *to anyone outside the post room* ; as previously noted, sending them before the statutory due date shouldn't be an issue.
But large organisation mailing processes have to be seen to be believed; one of the UK's largest has a mail room 1 mile long. They have to stagger mass mailings, as Royal Mail don't have enough trucks to load all their envelopes in one go. And one day we suggested to them sending a particular notification out by manually processed recorded delivery - they don't do many of this particular item, and it was causing significant issues for the (non)recipient if it went astray. They looked at us as though someone had suggested inserting a live stoat into every envelope before despatch, and the item was minuted "for further consideration".
Best in class: We've redefined the class to include us and people doing worse than us
Market leading: We're not going to say where to though
GCHQ's new spy tech won't go through the books as a tech deal though; it'll be badged as a new underground swimming pool for No 10.
Re: We did question his use of plywood
A friend who builds rollcages for competition cars recently had to contact the MSA to check how to proceed when installing a rollover hoop to a vintage car with 19mm ply floor - standard MSA regs call for welding the cage to the floor. The MSA confirmed that all you have to do is bolt the plates in rather than weld them; the wooden floor is actually stiffer & more resilient than the pressed steel in moderns.
Re: Good time to invest...
"At the same time they invented a new colour 'diamond white' which was associated with only the highest value diamonds."
I have heard of 'Diamond White", but not quite in that context.
One thing the PAC haven't factored into the overall cost is the fact that HMRC had to rush their RTI implementation in order to meet the DWP's (now discredited) timetable. That in turn had knock on effects for every single employer in the country, not to mention payroll bureaux. And of course because HMRC had to rush something they'd been wanting to do for ages, it isn't as good as it should have been, but we're stuck with it now. So there's another cost to taxpayer and business of the botched UC project.
So that's who bought the tech then...
Electronic POS kit seems to be one big playground for the crims at the moment - use cash & they'll hide the takings from the tax man ( see http://www.oecd.org/ctp/crime/ElectronicSalesSuppression.pdf ) Use a card and they'll just rip the cash direct from your account - and the OECD report suggests that there'll be no shortage of willing recruits in eg the restaurant trade to give themselves a 'heads we win, tails you lose' attitude towards choice of payment method as well. Monday afternoon, and already I'm depressed and cynical about the nature of the world we live in. Thanks guys...
I'm sure you're right about the hardware/data motivation for thefts - outside of Hollywood, I can't really see thefts being based on the contents of the phone; it's going to be the resale value of an unlocked handset that motivates the average junkie. So if the means of unlocking changes, the pattern/method of thefts may change.
The worry of course is how they go about unlocking the handset, and that's what got me thinking. It may be that the gummi-bear solution works, but if that's the case then (as other commenters have pointed out) the NSA is going to be the least of any fanbois' worries once the shell of the phone is covered in their prints. However things turn out, the 5s is bound to sell at a premium, and that will in turn enhance the incentives to get hold of a saleable example, by hook or by crook.
Thanks also for taking the time to check on the Mercs story; glad to know I was only vaguely divorced from reality in my memories; I hadn't realised it was as long as 8 years ago... I'm slightly less thankful for you reminding me just how old I am :-)
Bricklayers often have problems with fingerprint recognition too - so no point them queuing up for the new iShiny then.
So does this mean muggers will now have a second use for the bolt-croppers they use on bike locks - taking the finger along with the phone? (Presumably there's scope to change the print that the phone recognises, so you wouldn't have to actually sell it with the original owner's digit once you'd reset the authentication)
IIRC there were some unpleasant incidents in Hong Kong when Mercedes brought out a fingerprint authenticated car, so while I'd hope things wouldn't go that far just for a phone, it does raise fears for how lowlifes might try to get around the tech...
Re: This is awesome!
"impromptu motorway sculpture"
Well thank you so much; now I'm going to have to dig a spare keyboard out of the cupboard.
Hmm - this comes out on Monday morning... I think I know what they spent Friday afternoon doing after they got back from the pub.
Dammit. I had _second_ week in September in the office sweepstake on the date they admitted it wasn't going to work.
"There were no mistakes like that at all."
The mistakes we made were in employing humans to do the work. We shan't be doing that again.
Re: 100% tax
Read Dickens on profit - "Annual income twenty pounds, annual expenditure nineteen nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery." Bring that back in spades for the business making a loss if you tax all income/turnover at a fixed percentage, instead of acknowledging that they don't even have enough cash to pay their own employees, let alone other peoples.
Not even gonna go there on the arguments about sector specific rates based on average profit margins; VATs used in the flat rate scheme (nearest current proxy) range from 4% to 14.5% [see http://www.hmrc.gov.uk/vat/start/schemes/flat-rate.htm#5 ] Administering that sort of thing as the sole form of business taxation in a way that doesn't drive small business to the wall (no economies of scale) and encourage all big business into high margin sectors would be just as complex as the current system, with all the joys of the transition into the bargain.
Re: Permit me to take a stab at it...
It's a good stab, and I think you've badly injured the concepts...
But seriously: - what you're proposing is a hybrid wealth/income tax. Immediate reactions:
- How do you value private/non-traded shares?
- How do you 'value' dividends (paid or declared? Before or after WHT/imputation impacts?)
- The 'presence' section looks like, and would face the same issues as, 'conventional' formulary apportionment
- Targeting shares/divis is a good way to go for non-distortionary revenue raising (google 'taxing the maximand') but denies you the behavioural regulatory function of tax, ie R&D tax breaks etc. Policy makers do seem rather wedded to that side of things, at least in common law jurisdictions.
Overall - I'm not sure it's feasible starting from where we are as a *replacement* for existing CT, but it would be an interesting complement to it, perhaps phasing in more and more as it beds in and improves in operation?
Debt v Equity & hybrid instruments
Generally a good overview - but the point about interest recipients being taxable, potentially leading to higher overall taxation is a touch disingenuous.
Interest income may be taxable but returns on equity typically aren't - and a loan note which converts to shares if not redeemed after a fixed period may well be a debt in the hands of the 'return payer', but equity in the hands of the 'return recipient'. So clever structuring can exploit the differentials in accounting treatment to reduce taxes (although scope for it is shrinking; the typical DCLNs which were so popular a few years back no longer work in the UK for example). Goodness only know how you'd handle the impact of that kind of thing on the group accounts underpinning the formulary apportionment beloved of unitary taxation advocates, but so far they haven't even explained how they'd make capital allowances work.
A useful and nicely written piece - gives me another reason to try to arrange a family holiday in Scotland
Life imitates art - anyone else ever read Snow Crash..?
What's the loudest noise in the jungle?
A giraffe eating cherries
Why do monkeys paint their testicles red?
So they can hide up cherry trees.
What's green, whistles and turns red at the touch of a button?
A frog in a liquidiser, pretending it doesn't care.
What's green and turns red at the touch of a button?
A frog in a liquidiser.
AC out of habit @AC 01:56 GMT
So at least now we know you're a nun...
Biometrics are fine until someone manages to replicate your verification data. I'm reasonably good at thinking up new passwords; I'm less good on replacement eyeballs.
Re: Waiting for Eadon
Of course there weren't any Windows; it's a concrete bunker 100' underground. And anyway, they'd have had to have been whitewashed, wouldn't they?
Simon - I was going to upvote you again, but it's on 42 which seems far too appropriate to disturb... please consider this an upvote in principle
One may well ask why, if Google is underpaying tax, PAC is asking about it*, rather than passing it onto the Treasury Select Committee, or maybe even HMRC..? Well worth reading: http://bit.ly/14TeTcg from @BenSaundersCTA - the rational explanation for tax professionals' exasperation with PAC.
*The remit of the PAC here http://bit.ly/10Fv1NB Last time I looked, relevant bits were 148(1), 152(1),(2) and then 137A
I take your point if it was interest alone that was the issue - but if you're a 'higher rate' tax payer based on salary etc. then you only need £1.51 of interest per year to be breaking the law if you don't pay up the extra tax over the 20% withheld at source; the interest is taken as the top slice and taxed at the highest possible rate.
Since the threshold for paying tax at 40% is falling in absolute terms every year at the moment, more and more people are at risk, and you only need around £300-400 of savings/rainy day account to trigger the problem. I agree, you may not be on the breadline at £40k pa - but if you're the sole earner for a family of 4 in the South East, money is likely to be tight and the last thing you need is the aggravation of HMRC chasing you for undeclared income, especially if 'their own' website is telling you there was nothing more to pay...
Re: On a more serious note
It's been a recognised problem for some time that HMRC update their Manuals without necessarily telling you what they have changed or when - I've worked in places where it was standard practice to print out (with dates) anything you planned to rely on in advice or correspondence, and keep a copy on the file. [Said file then being sent via internal mail to a centralised scanning facility where it was converted back to a digital image for storage and subsequent retrieval]
A triumph of form over function
Actually, you may be better off on the old sites. There are some pretty fundamental issues with the technical accuracy of quite a lot of the tax and benefits advice, which have given rise to a lot of comment by specialists in the relevant fields - eg a few gems from living tax god John Andrews (who tweets as @jmalitrg ):
It's ok higher-paid GOV.UK says that Child Benefit is not taxable http://goo.gl/dDMkc can you tell HMRC please @gdsteam
Nice to know tax on savings interest is always deducted before you get it says GOV.UK...some will get a nasty shock
GOV.UK says you "always" pay tax on benefits if a co director..not so..eg unpaid charity directors http://goo.gl/onjUj
GOV.UK says you don't have to pay NI on tips paid to you https://www.gov.uk/tips-at-work/tips-and-tax … .please tell taxi-drivers @gdsteam and HMRC
You're spot on - they're called zappers (as opposed to phantomware, which is the built in stuff) and you can read all about them courstesy of the OECD - linked in my first post above... the sheer scale of the criminality is staggering. The manufacturers know about this stuff, and far from whitelisting acceptable addresses, they're the ones writing in the hookey code - and even training the operators in how to use it...
Are we surprised?
Even OECD and the accountants have noticed the availability of the tools... http://www.oecd.org/ctp/crime/ElectronicSalesSuppression.pdf
Today is clearly Irony Day
From the FT (£/reg'n) The UK government’s Insolvency Service is all but insolvent.
Anyone got a third to make the hat-trick?
Re: The best kind of keyboard
You mean like one of these: http://www.theregister.co.uk/2010/06/15/usb_typewriters/
(That's the second time I've been able to use this link in one of Mr Dabbs' forums in the last 3 months; he clearly has a thing about keyboards...)
Re: I must defend American coffee drinkers
To be fair, Identity, the worst drink I had between Newark & Vancouver (via Tennessee, Arizona and 19 other States) was actually in Canada. At breakfast, a German crew (we were on a historic car rally) asked me to confirm whether the brown stuff in the mugs was tea or coffee. I thought they were joking, until I tasted it. I honestly could not tell whether it was badly stewed tea or poorly made coffee; there were hints of both.
Catching up with an ex-pat friend later that day, who happened to live about 200 yards off our route, she enlightened me as to the problem. Commercial eateries have a tendency to run both beverages through the same machine, without rinsing between batches. (To make up for it, she gave me a cup of her jealously hoarded imported tea; best cuppa I had on the whole trip).
Hopefully one day I'll get to rerun the route & visit some of the proper coffee joints - and take a little more time to enjoy the scenery...
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- Downrange Are you a gun owner? Let us in OR ELSE, say Blighty's top cops