Tag Archives: corporatoin tax

Opinion: Get real about corporate tax

Companies currently pay corporation tax in the country where they are incorporated. A campaign is under way, in the Guardian, and the Commons Public Accounts Committee, that companies should instead pay tax where they make their sales. The proposal has populist appeal, but is impracticable.

Many companies, including UK companies, make export sales without costly incorporation in each sales country. If a US coal producer sells 1m tonnes of coal to UK powerplants for £100m, and makes £5m profit, it submits accounts in the US for tax authority scrutiny, and pays US tax on the £5m. Should this profit be …

Posted in Op-eds | Also tagged , , , and | 29 Comments

Recent Comments

  • User AvatarEddie Sammon 21st Oct - 9:50am
    Simon, the party should do whatever it enjoys, I just thought the expectation management was wrong and I wouldn't push so hard unless I thought...
  • User Avatarnvelope2003 21st Oct - 9:48am
    47% turnout is not low for a by election and it is not mid term yet. Moving from fourth place with 6.8% to over 30%...
  • User AvatarRichard Underhill 21st Oct - 9:37am
    A special mention should be made of Candy Piercy.
  • User AvatarSimon 21st Oct - 9:32am
    @Eddie Sammon - you think we should have done what instead?
  • User AvatarJo Swinson 21st Oct - 9:18am
    What a beautiful tribute, Caron, thank you for posting this. Helen was a wonderful activist, always busy helping others whether in the Lib Dems, in...
  • User AvatarStevan Rose 21st Oct - 9:12am
    Never mind the %s, look at the number of votes. Labour's halved. UKIP collapsed. Tory halved. Lib Dems trebled. That was a huge effort to...