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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  • User AvatarStephen Hesketh 29th Mar - 8:10am
    stuart moran 28th Mar '15 - 10:44pm Can I just ask that if those who wrote the article believe in ‘no controls on immigration’? Stuart,...
  • User AvatarStephen Hesketh 29th Mar - 8:04am
    Stephen Hesketh 28th Mar '15 - 10:39pm Nick Thornsby 28th Mar ’15 – 8:46pm “And still some rose-tinted-bespectacled Lib Dems yearn for a “progressive coalition”....
  • User AvatarPhilip Thomas 29th Mar - 8:00am
    Probably around the time that "Unionism" stopped meaning "opposition to devolution" and started meaning "opposition to Scottish independence". Home Rule is what we're offering the...
  • User AvatarPhilip Thomas 29th Mar - 7:55am
    @Stuart Moran- of course they don't. The Liberal Democrats were in government last year when the Immigration Act 2014 was passed, arguably (especially when taking...
  • User Avatarexpats 29th Mar - 7:55am
    From reading some of the comments am I to understand that we'll be pushing the story that Labour are planning to be not just more...
  • User AvatarDavid-1 29th Mar - 6:02am
    Please don't say that any policy or political leaning is "in your/our DNA." Politics is not biological or hereditary in any way — and a...
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