Tag Archives: corporatoin tax

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
Advert



Recent Comments

  • User AvatarGordon 23rd Nov - 6:35pm
    It would be better to avoid incautiously retailing wholly unsubstantiated assertions swirling around the toxic swamp that is US politics. Donna Brazile may genuinely believe...
  • User AvatarJeff 23rd Nov - 6:23pm
    Michael Berridge 23rd Nov '17 - 5:20pm: ...why does everyone pretend that it’s a done deal, Britain is leaving, like it or not? Here's David...
  • User AvatarMichael Berridge 23rd Nov - 5:20pm
    To adopt the 1979 Conservative election slogan: Brexit isn't working. So why does everyone pretend that it's a done deal, Britain is leaving, like it...
  • User AvatarDavid Raw 23rd Nov - 5:09pm
    Never had that problem with Shuttleworth sheets. Have we got any old stock hidden away in a cupboard we could export to them ? Being...
  • User AvatarPeter Hirst 23rd Nov - 5:09pm
    Mine would be a 50% discount to bring all homes up to a minimum environmental standard regarding insulation, heating and power use.
  • User AvatarMick Taylor 23rd Nov - 4:43pm
    What Ruth Bright said. I have done so and was once again appalled by the lack of serious action by the party