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 AvatarSal Brinton 24th Apr - 1:49pm
    Nick's speech was very important, and how encouraging that City Fathers has been set up, and had such a great launch with Nick. When we...
  • User AvatarJennie 24th Apr - 1:42pm
    Still waiting to get hold of a copy here, so I'm not going to comment on the substantive points raised in this piece, but I...
  • User AvatarRaddiy 24th Apr - 1:29pm
    1200 people were at the Sage Gateshead last night to listen to Nigel Farage, all paid £2 for the privilege, half were members and half...
  • User AvatarStephen Tall 24th Apr - 1:26pm
    @ AndrewR I think surveys should try and give an accurate sense of public opinion, just as I think LDV surveys should give an accurate...
  • User AvatarDean.W. 24th Apr - 1:04pm
    @AndrewR - Headline to this thread - but,sorry Nick,more think he (Farage) performed better,differs significantly from "majority of LD, activists think Farage beat Clegg" how?I...
  • User AvatarAndrewR 24th Apr - 12:44pm
    "it’s a shame professional pollsters follow the money of the media’s lust for forced choice questions" Oh come on. In all the surveys you do...