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 AvatarConor McGovern 27th Oct - 3:51am
    Eddie Sammon's completely right - when Parliament want to subvert the aims of the majority in a referendum, does it really hold the democratic high...
  • User AvatarGlenn 27th Oct - 3:39am
    People over complicate the freedom of movement argument. Freedom of movement is not the same thing as the right to reside permanently in the UK...
  • User AvatarTonyJ 27th Oct - 2:58am
    The fact that Labour have no clear position on this issue is extraordinary. I listened to their Transport spokesman in parliament the other day, and...
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    Stevan, I was aghast because you wrote 'Genuine refugees in fear for their lives can and should claim asylum in France but they don't so...
  • User AvatarMark Goodrich 27th Oct - 1:24am
    @Ethics gradient - I would just like to commend you for being open-minded and listening to reasoned argument. More of that please! There was a...
  • User AvatarKatharine Pindar 27th Oct - 12:33am
    The especial delight of the 2012 Olympics to me was that it was 'Team GB' that was winning all those medals. We don't often get...