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 AvatarPeter Watson 4th Oct - 5:44pm
    @John Marriott I think you are conflating "going into coalition", which many people supported (however reluctantly) since it is silly to support a minor party...
  • User AvatarJohn Marriott 4th Oct - 4:57pm
    If you believe in PR as I do, then, unless you live in Scotland, or had lived in West Germany between 1956 and 1959, it...
  • User AvatarCllr Mark Wright 4th Oct - 4:43pm
    @Siobhan - You seen to be saying that Scotland shouldn't get on and do what it *can* do, until it is given the powers to...
  • User AvatarDavid Allen 4th Oct - 4:18pm
    "What is it about Labour?" Well, it's that there are quite a lot of rather nasty people in local politics. Many are Labour, many are...
  • User AvatarEddie Sammon 4th Oct - 4:00pm
    I don't agree with all of "the west's" foreign policy that was meant to say. Sorry, predictive text.
  • User AvatarTonyJ 4th Oct - 3:57pm
    Jeez. You can never beat our Paddy when it comes to an anecdote about someone, can you??! :)