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 AvatarGregory Connor 30th Jun - 9:55pm
    Great to see Vince engaged. We should be unashamedly pro-immigration and unequivocally pro-immigrant but the immigration debate for non-racists comes down to three distinct elements:...
  • User AvatarKevin colwill 30th Jun - 9:46pm
    As a lifelong Lib Dem voter I lost faith in the party that insisted, "It's us OR the Tories" when it became us AND the...
  • User AvatarJayne Mansfield 30th Jun - 9:35pm
    @Nick Baird, Well said. Our parliament is sovereign, something the leave campaigners said they were voting for. If MPs think that leaving the EU is...
  • User AvatarJonan Boto 30th Jun - 9:34pm
    How can we stand as people and pretend that the 52% don't share many of these same values? This piece by Vince, and the use...
  • User AvatarStevan Rose 30th Jun - 9:05pm
    I feel indignant that other people have decided to take away my EU citizenship and rights because they don't want them for themselves. I wish...
  • User AvatarCarl Rylett 30th Jun - 9:01pm
    Even if the petition for a rerun is unlikely to succeed it sent out an important message. On the Friday evening after the referendum it...