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
Advert



Recent Comments

  • User AvatarMichael BG 28th Feb - 1:54am
    We had a chance to call for and build alliances to reform the EU into a pro-people institution rather than a pro-business or pro-globalisation institution....
  • User AvatarKatharine Pindar 28th Feb - 1:38am
    Thanks, Ed Thornley, for your enthusiasm for our constituency! It's good to read the differing viewpoints above, and, thanks to Peter Watson, the detailed voter...
  • User AvatarConor McGovern 28th Feb - 1:18am
    David Evans, I agree. We must never, ever again settle for being a small-c conservative party.
  • User AvatarKatharine Pindar 28th Feb - 1:02am
    Peter and Mike, I love the way you both keep on demanding detailed answers to what Lib Dems offer practically, to fulfill our Preamble ideals...
  • User AvatarDavid Evans 28th Feb - 12:33am
    Conor, We had done all that you suggest for over forty years, building our party up from nearly nothing to get up to 57 MPs...
  • User AvatarPeter Watson 27th Feb - 11:10pm
    "in Copeland our vote has snuck above ten percent only twice; in 2005 and 2010" According to the Wikipedia page (https://en.wikipedia.org/wiki/Copeland_(UK_Parliament_constituency): 2001 10.7% 1983 15.9%...