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 AvatarRichard Underhill 28th Sep - 10:59am
    Paul: Please excuse the pedantry, but the headline contains a zeugma ( a word I met in a crossword, which could have led to cross...
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    Strikes are important...They are the final and often the only action that allows the employed to have a voice against employer..... Those demanding that some...
  • User AvatarRebecca Hanson 28th Sep - 10:45am
    When completing a response to the consultation we're asked to refer to the consulatation document: e.g. " Please see families who are just about managing...
  • User AvatarRebecca Hanson 28th Sep - 10:30am
    Lorenzo - yes I'm a local Councillor here in Cockermouth. I've been a Councillor before but not as an elected Libdem. There's a huge amount...
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  • User AvatarRebecca Hanson 28th Sep - 10:18am
    Roland I'll get on and do that feedback in the faint hope that the Tories have started taking notice of any evidence but, more rationally,...