Tag Archives: public accounts committee

Geoff Crocker

Opinion: Get real about corporate tax

By Geoff Crocker | Wed 14th November 2012 - 2:25 pm

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 …

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Posted in Op-eds | Also tagged , , , and | 29 Comments
Paul Reynolds

Opinion: Should we be selling state assets to reduce debt and create jobs?

By Paul Reynolds | Thu 21st June 2012 - 2:28 pm

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 …

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Posted in Op-eds | Also tagged and | 6 Comments
Helen Duffett

LibLink… Paddy Ashdown: Defence cuts? Why, they’ve barely started

By Helen Duffett | Tue 22nd February 2011 - 2:43 pm

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

…

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Posted in LibLink | Also tagged , and | 6 Comments



Recent Comments

  • User AvatarEddie Sammon 19th May - 10:56pm
    Same goes towards investigating phone hacking.
  • User AvatarEddie Sammon 19th May - 10:52pm
    It's not all that bad if the Sun don't do a full page apology in this pretty much none story. I'm not an anarcho capitalist...
  • User AvatarCllr Mark Wright 19th May - 10:44pm
    If only we could have some l kind of judge-led inquiry into media lies that could come up with some kind of solution to this...
  • User AvatarEddie Sammon 19th May - 10:33pm
    I think we can and should become a more equal world, my point was to say I don't think there is anything wrong with making...
  • User AvatarDavid Evans 19th May - 9:56pm
    "... judging by the lack of internal criticism of Clegg and co by their grassroots activists." Well that seems to sum up perfectly how much...