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 AvatarBrenda Lana Smith 3rd Mar - 12:18am
    @Stephen Hesketh 2nd Mar '15 - 8:43pm Maybe this will help you et al understand where I am coming from… as a 1933 Manchester born...
  • User AvatarPeter Watson 3rd Mar - 12:14am
    This debate over life-expectancy seems to have become quite heated. Looking back up the thread, I believe that Simon and Stuart initially talked about "life...
  • User AvatarGeorge Potter 3rd Mar - 12:02am
    I'd say that even in a federal system there should be an element of funding which is used for redistribution between different parts of the...
  • User AvatarMatthew Huntbach 2nd Mar - 10:48pm
    Well, the SNP claim to be a party of the left, but I thought "left" meant a belief in sharing wealth out equally. Saying"The money...
  • User AvatarA Social Liberal 2nd Mar - 10:43pm
    I don't understand how taking children out of school for one, two or three weeks in order to save their parents a few quid is...
  • User AvatarStephen Hesketh 2nd Mar - 10:27pm
    Thank you for the clarification!