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 AvatarJoe Bourke 25th Apr - 2:41am
    Matthew, I think we need to remember that in Gladstone's day the British East-India company was the largest global corporation in history, accounting for half...
  • User AvatarRichard Dean 25th Apr - 12:40am
    @jedibeeftrix. Have you really descended to this? Your comments always used to be interesting and challenging!
  • User AvatarRichard Dean 25th Apr - 12:37am
    There'll always be crises. It's a fact of life. Politics is the art of managing them and learning from them, and learning is what is...
  • User AvatarDavid Allen 25th Apr - 12:23am
    Matthew Huntbach, If you read very carefully, you will find that Alex Marsh did not write a "flood of propaganda which insists that the pre-merger...
  • User Avatarjedibeeftrix 25th Apr - 12:06am
    the article, and the degree of division in the comments makes me lol. but at least the division represents a degree of sanity returning to...
  • User AvatarRay 24th Apr - 11:54pm
    There should be no bullying down to the "normal and harmless" homosexuality.
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