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
Advert



Recent Comments

  • User AvatarMark Goodrich 21st Feb - 12:28am
    To be honest, I am not convinced that there is a great deal of difference here. Pretty much everyone knows that it is impossible to...
  • User Avatarpaul holmes 21st Feb - 12:26am
    Please explain why, since being in or out of the EU has absolutely nothing whatsoever to do with our obligations to Refugees under International Law....
  • User AvatarRoland 21st Feb - 12:00am
    It is interesting noting the main focus of attention on Article 50 has todate been on: it's invocation and whether the UK can withdraw it's...
  • User AvatarMartin 20th Feb - 11:56pm
    ... and having been responsible for unleashing uncontrollable forces in a fractured Middle East, would you say that the UK is doing what it should,...
  • User AvatarMike S 20th Feb - 11:52pm
    @Paul Holmes "Leaving the EU makes absolutely zero difference to our obligations towards Refugees under International Law" This maybe true - however is this really...
  • User AvatarPhilip Rolle 20th Feb - 11:38pm
    I think the present Lib Dem policy may be very useful for winning by elections in Remain areas. In Leave areas, it will brass people...