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 AvatarSimon Banks 5th May - 5:09pm
    Surviving the day after is often more of a problem, even if you win. The competition that's directed your activities for weeks is suddenly no...
  • User AvatarSimon Banks 5th May - 5:02pm
    I don't see anything in Antony's article that suggests this couldn't happen with a Liberal Democrat or that it's particularly a Labour problem. In fact...
  • User AvatarLorenzo Cherin 5th May - 4:20pm
    Well done Tim . The leadership you showed was and is much appreciated , the nonsense from the Tories on this is breathtaking if it...
  • User AvatarMQBlogger 5th May - 4:02pm
    Interesting. I only saw the debate on Sunday night, and Mr Rennie wasn't really that great, especially on the schools PFI item. Patrick Harvie was...
  • User AvatarJenny Barnes 5th May - 3:32pm
    Meanwhiile, a Westminster councillor on conservative home is claiming that cycling increases pollution in London. http://www.conservativehome.com/localgovernment/2016/05/jonathan-glanz-londons-air-pollution-is-at-crisis-point.html
  • User AvatarPeter Parsons 5th May - 2:47pm
    Some movement it seems: http://www.independent.co.uk/news/uk/home-news/junior-doctors-contract-jeremy-hunt-bma-nhs-strike-government-pause-introduction-a7014661.html Hopefully it will deliver some progress. @Roland, the RCN's most recent press release comes across as broadly supportive: https://www.rcn.org.uk/news-and-events/news/junior-doctors-response I...