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 Avatarsimon 21st Oct - 7:08pm
    "Also, point to bear in mind Simon, these people you speak of aren’t immigrants. They were born here, they were educated here, they speak English...
  • User AvatarChristine Headley 21st Oct - 6:52pm
    I would have thought nomination papers available at the information desk would be useful, so any voting rep could sign for their preferred candidate, or...
  • User AvatarChris Burden 21st Oct - 6:45pm
    Before anything else, we need a Constitutional Convention one of whose tasks would be to produce a Written and Codified Constitution, accessible and comprehensible to...
  • User AvatarGF 21st Oct - 6:40pm
    "The most obvious benefit of this is it would enormously increase participation in decision-making in what is already, by miles, the most democratic of the...
  • User AvatarCharlie 21st Oct - 6:34pm
    Nigel Quinton Many people who live overseas rent out their homes. One has to look at every school, GP 's surgery , hospital etc, etc....
  • User AvatarRoland 21st Oct - 6:28pm
    I think what really underpins Rabi Martins concerns is the word 'immigrant' and the baggage it carries along with the wide interpretations and sweeping statements...