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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    @ Little Jackie Paper - I only enter dialogue with people I believe to be using their real name.
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    redndead "It’s therefore somewhat surprising that criticism is supposed to be left to a private review process when others are being allowed to rewrite history...
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    @Peter About 95% odd of UK laws are made in the UK. The remaining 5% odd are mainly trade related laws which we'd have to...
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    The vote is about the UK remaining in a quasi-federation which plans complete political and economic integration or whether it wishes to withdraw from that...
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