Wednesday, April 29, 2009

Too technical

A delightful but dim and technically inept Senior Manager has been tasked with arranging lunchtime technical update sessions for the executive group and has asked me to discuss the provisions in the tax ordinance on tax losses and their utilisation.

Being an unwanted gweilo this  attention stirs me and I take to the task with relish. Half way through my discussion on how the legislation should be interpreted, one of the partners pipes up that only interpretation we should give this piece of legislation is that followed by the Inland Revenue. When I ask why, said partner responds (you don't always get answers from them on tricky questions) BECAUSE THE I.R.D. IS ALWAYS RIGHT.

So there we have it, no need for us tax professionals, the revenue know it all and are always right.


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