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 Avatarethicsgradient 9th Dec - 7:45am
    Labour are in line for a monumental collapse at the next election. They have lost a deposit in a strong Remain area, they are fourth...
  • User AvatarPaul Williams 9th Dec - 7:24am
    Well done Ross and the team for your efforts. Almost doubling our vote share, was a tremendous performance, and demonstrates, in this heavily Conservative seat...
  • User AvatarMatthew Huntbach 9th Dec - 6:28am
    David Evans But then you spoiled it by saying “My belief is that confused by a torrent of dubious facts from both sides a significant...
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    Congratulations to Ross Pepper and his team. The biggest concern is the turnout. To think that less than 4 in 10 of the people thought...
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    With reference to my earlier comment and seeing the result, I don't think UKIP can really claim to be happy either. Vote share down in...
  • User AvatarDavid Evans 9th Dec - 3:31am
    ... and Congratulations to Ross and the Lib Dem Team.