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

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Recent Comments

  • User AvatarRichard Dean 30th Jul - 4:08pm
    It does seem to make sense to consider both the risk of something going wrong and the consequences if it does. If there is a...
  • User AvatarJonathan Waddell 30th Jul - 4:04pm
    The constitution exists for a reason, if part of that is to protect peoples rights, then i would want the highest qualified lawyers to be...
  • User AvatarJoshua Dixon 30th Jul - 4:02pm
    Apart from higher education (agree to disagree on this one!), I think you're right Daniel. The problem is politicians aren't taking the challenge particularly seriously...
  • User AvatarSimon 30th Jul - 3:53pm
    Are these NGOs also lobbying the UK and other governments to drop Chief Scientist posts? Surely the fact that they aren't elected is rather the...
  • User AvatarRichard Dean 30th Jul - 3:53pm
    Some aspects of transparency could be easily addressed, perhaps they are already, simply by publishing the advice that the CSA gives. Also, I wonder if...
  • User AvatarRos Scott 30th Jul - 3:46pm
    The House of Lords EU select committee recently had an evidence session with Ann Glover, which can be found on the Parliament website. She is...