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 AvatarJohnTilley 23rd Oct - 2:23am
    Caron wrote ---"Anyway, back to Donnachadh. There will be many figures from the establishment in the Ashdown and Kennedy Eras who will have felt the...
  • User AvatarGeorge Potter 23rd Oct - 1:42am
    @Mark Valladares I really don't see what is possibly ad hominem about pointing out the fact that Tony Greaves has both said "This idea is...
  • User AvatarMark Argent 23rd Oct - 1:33am
    Perhaps unelected peers are no more scandalous than shoeing candidates into safe seats in the Commons — the fact that (for example) Boris Johnson is...
  • User AvatarDonnachadh McCarthy 23rd Oct - 1:07am
    Thanks Caron. Yes I agree using nearly 30 police in military formation to arrest someone for the "crime" of having a folded tarpaulin under my...
  • User AvatarRichard S 23rd Oct - 12:50am
    Wasn't part of the constitutional crisis that the Governor-General can dismiss the Prime Minister, but the Prime Minister can also replace the Governor General, so...
  • User AvatarMark Valladares 23rd Oct - 12:25am
    @ Tony Dawson, The Brightlingsea Division doesn't fall wholly within the Clacton constituency, only about half of it does.