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Circle of escalation: Difference between revisions
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:“''There may be an increased risk of retrospective [[withholding]] which is hard to quantify,''” she will say<ref>When one gives tax advice for a living one gets adept at saying this sort of thing by rote</ref> “''but as long as the desk is prepared to absorb that additional risk then I [[have no objections]] to this.''” | :“''There may be an increased risk of retrospective [[withholding]] which is hard to quantify,''” she will say<ref>When one gives tax advice for a living one gets adept at saying this sort of thing by rote</ref> “''but as long as the desk is prepared to absorb that additional risk then I [[have no objections]] to this.''” | ||
And lo, off the escalation goes to the business. [[Salespeople]], naturally, have but one goal — impregnating their [[client]]s — while assuming no responsibility for the congress should it go wrong. So along the chain it goes | And lo, off the escalation goes to the business. [[Salespeople]], naturally, have but one goal — impregnating their [[client]]s — while assuming no responsibility for the congress should it go wrong. So along the chain it goes to the [[trader]], a young whippersnapper who will neither know nor care what “absorbing additional tax risk” even is, and who certainly won’t want to be responsible for it. {{sex|He}} will pass it up his line management, a better coiffed version of his charge but with no more insight into tax risk, who will instinctively direct the query to {{sex|his}} [[chief operating officer]], a chap who is nothing if not expert in retrospective withholding risk.<ref>{{swidt}}</ref> | ||
And so on. | And so on. | ||
Eventually | Eventually this query will get to a level of exaltation in the firm wherein personnel known by all — not to their faces, of course — by only familiar versions of their Christian names. [[Chuck]] will say, “In principle I [[would be]] [[inclined]] to be ok with this [[at this stage]], but can you just run this by [[Chip]] to make sure they have no issues.” | ||
[[Chip]] is the [[general counsel]], a handsome silvered fifty five year-old with the bearing, and legal acumen, of a 747 pilot. You know exactly where he’s going to send it, don't you. | [[Chip]] is the [[general counsel]], a handsome silvered fifty five year-old with the bearing, and legal acumen, of a 747 pilot. You know exactly where he’s going to send it, don't you. | ||
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And so the cycle of life turns fully and returns whence it came. | And so the cycle of life turns fully and returns whence it came. | ||
{{limpcelery}} | {{limpcelery}}{{c|Metaphor}} | ||
{{ref}} | {{ref}} | ||