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 AvatarStevan Rose 26th Aug - 1:33am
    "though I wasn’t a member during the (alleged) destruction of the party." Me neither, left the Liberals in the early 80s, rejoined Lib Dems in...
  • User AvatarLorenzo Cherin 26th Aug - 1:05am
    Barry does say some things above in response to Matthew, that must be said , if the left of our party are ever going to...
  • User AvatarLorenzo Cherin 26th Aug - 12:05am
    Caron, thank you , yes , of course what you say makes sense on the Tories UK wide and in the rest of the countries...
  • User AvatarJohn Roffey 25th Aug - 11:56pm
    Barry Snelson 25th Aug '16 - 11:16pm "As to the view that market forces are the work of Satan, well that’s a pity as the...
  • User AvatarCaron Lindsay 25th Aug - 11:54pm
    Lorenzo, Ruth Davidson did well up here by decoupling herself almost completely from the Conservatives down south. I don't think she'll get away with that...
  • User AvatarSimon Shaw 25th Aug - 11:52pm
    @Dave Orbison "So please point me to the articles in Guardian, Indy, Telegraph or others where the official LibDem response has been made and where...