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



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  • User Avatarjedibeeftrix 28th Jul - 5:19pm
    left and right matters for exactly as long as the tories and labour define the political spectrum. the liberal - authoritarian spectrum will matter when...
  • User AvatarRichard Dean 28th Jul - 5:16pm
    @Joe Otten Not every emotion is an angry one. There is love, for example, though perhaps not relevant here. There is approval - simple support...
  • User Avatarjedibeeftrix 28th Jul - 5:11pm
    they get upset because they used to have sole-outsider legitimacy as the point-five party in a two-point-five party system. regardless of all else, the lib-dem's...
  • User AvatarGreen Voter 28th Jul - 5:10pm
    I am a bit concerned about this new rule "so nitpicking alone is just noise". One commenter who uses the name Chris tends to provide...
  • User AvatarSIMON BANKS 28th Jul - 5:05pm
    The very basic point about this is that the left-right axis means very little. If, for example, you look at where people stand on key...
  • User AvatarJohn Grout 28th Jul - 5:01pm
    Another important issue is of people's jobs being redefined, or entire swathes of individuals being forced to 'reapply' to 'new' jobs with functionally identical roles...