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 AvatarDavid Evans 20th Jul - 11:25pm
    It is sad when Lib Dems, like TCO who claim to believe in evidence based policy, blame Conference for the Tuition Fees policy and pretend...
  • User AvatarMike S 20th Jul - 11:24pm
    @ Michael BG Many thanks for your reply Michael. I suspect we may have slightly different views on the role of leadership. However the main...
  • User AvatarMerseyLib 20th Jul - 10:44pm
    We need to be very careful with our Brexit policy. Banging on about a second referendum didn't do us a lot of good in the...
  • User AvatarCaron Lindsay 20th Jul - 10:16pm
    Fair point. Being in the EU as is is better than anything the Brexiteers have to offer.
  • User AvatarRob Renold 20th Jul - 10:11pm
    There seems to be a perception that the Liberal Party got nowhere before the SDP joined them. Not true. Opinion polls had us at over...
  • User AvatarNeil 20th Jul - 9:54pm
    @Allan Brame. The days when you fought for what you believed in on Merseyside County Council seem a very long time ago.