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 AvatarMatthew Huntbach 7th Jul - 9:46am
    Richard Underhill Under their interim leader Labour is agreeing with the Tory government too often for healthy politics, leaving no space for in-betweeners. Yes, it's...
  • User AvatarMatthew Huntbach 7th Jul - 9:41am
    Jim Williams So with regards to strategy, the previous Lib Dem approach, of giving the Tories a heart and Labour a brain, was a disaster....
  • User AvatarRichard Underhill 7th Jul - 9:29am
    It is, of course, correct to say that our surveillance aircraft and bombers are turning back at a frontier which ISIS does not respect and...
  • User AvatarRichard Underhill 7th Jul - 9:19am
    Greater London has a larger population than Scotland as imminent boundary changes will make clear, unless there are rebellions on the government benches. Other countries...
  • User AvatarJane Ann Liston 7th Jul - 9:16am
    Well said. One could add that the Tories also have the advantage of more money than any other party.
  • User Avatarexpats 7th Jul - 9:04am
    10 years on from the 7/7 London bombings and we have learned nothing..... Bombing in the ME merely creates more 'martyrs' and more home grown...
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