Tag Archives: public accounts committee

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

Opinion: Should we be selling state assets to reduce debt and create jobs?

One of the unexpected by-products of the controversial privatisations of the 1980s was the discovery of shockingly poor real estate management by state bodies – a rare glimpse of a problem only brought to the surface when the need for proper balance sheets arose.

UK government departments and agencies have since been shown to exhibit appalling asset management, as any sweep through Public Accounts Committee (PAC) or National Audit Office (NAO) reports will demonstrate – stories of unused land & buildings, ‘forgotten’ landholdings, leases on punitive terms, opaque sale of land at below market prices. Government departments also own very large …

Posted in Op-eds | Also tagged and | 6 Comments

LibLink… Paddy Ashdown: Defence cuts? Why, they’ve barely started

In today’s Times (£) Paddy Ashdown argues that the Ministry of Defence is “no longer fit for purpose.”

Ashdown says that the current government are not making enough progress with addressing the Ministry’s problems: the large annual deficit, bureaucratic blunders and project overruns and puts them down to a lack of political direction.

Here’s an excerpt:

The dust is now settling on the Strategic Defence and Security Review, published last October. And what it reveals is that the deeply painful cuts already announced are not going to be enough to balance the books. There will have to be more — there may

Posted in LibLink | Also tagged , and | 6 Comments



Recent Comments

  • User AvatarJJ 23rd Sep - 2:50am
    That's a good question Stuart, and the electoral college does prevent the bulling of rural areas by the urban centers, or as you put it...
  • User AvatarGeorge Potter 23rd Sep - 1:12am
    Also, on the topic of boundary determination, my personal view is that there should be an independent commission established to construct units for devolution out...
  • User AvatarGeorge Potter 23rd Sep - 1:08am
    @Michael Kilpatrick I agree - we need a simple three tier government structure: federal, devolved assembly, unitary authority. Possibly some areas could introduce parish councils...
  • User AvatarGeorge Potter 23rd Sep - 1:01am
    Also, for reference, the median size of Germany's states is 3 million people - this should give some guide as to what size is needed...
  • User AvatarGeorge Potter 23rd Sep - 12:58am
    @sesenco I come from Surrey and neither it, nor Kent, nor Sussex are naturally Tory. If you look at the last county election results, while...
  • User AvatarDavid Allen 23rd Sep - 12:38am
    "Labour wanted. ... A return to this country being run by the Tories most of the time" You what? "So, there you are, “nah nah...