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
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Recent Comments

  • User AvatarBolano 24th Nov - 9:40pm
    @John Roffey I increasingly find myself coming to the conclusion that NC is just, simply misunderstood: that he is a bureaucrat who has somehow deceived...
  • User Avatarnvelope2003 24th Nov - 9:00pm
    Sally: Yes of course you are absolutely right and I detest all that sort of thing but I do not think any Government anywhere in...
  • User Avatarnvelope2003 24th Nov - 8:44pm
    Re the above comments. I think you rather missed the point. I was simply stating that many though not all resented having to pay taxes...
  • User AvatarJohnTilley 24th Nov - 8:01pm
    David Howell If every single member of the Liberal Democrats in Scotland attended the conference I think the answer to your question would be --...
  • User AvatarSteve Way 24th Nov - 7:55pm
    Is there a way to withhold the payment of your fees until the services they pay for are resumed in full??? That might focus the...
  • User AvatarJohnTilley 24th Nov - 7:39pm
    An attempt to put things into some sort of context using simply the facts of the matter and not expressing any personal views -- Ms...