Our place to talk – an independent website for supporters of the Liberal Democrat party in the UK.

The most-read independent website by and for Lib Dem supporters. Not paid for by trade unions or millionaires.

Advert

Tag Archives: corporatoin tax

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 …

Continue reading »

Posted in Op-eds | Also tagged business, economy, guardian, public accounts committee and tax | 29 Comments

Most Read

Op-eds

The Brexit Referendum – 10 years on (Callum Robertson)
One year on, and I’m still finding it hard to feel pride (Rebecca Jones)
Andy Burnham’s housing challenge: Why his own arguments demand more than Labour’s current plans (Iain Donaldson)
ALDC’s by-election report – 18th June (Joe Nutt)
Mathew on Monday: Starmer’s resignation and an increasingly ungovernable country (Mathew Hulbert)

Advert

Recent Comments

Richard Flowers
Dear Rebecca, It is you who gives me hope and lets me take Pride. Thanks to your tireless work, and other members of the Plus committee and community, you�...
George Thomas
Have just come from the latest post discussing Welsh Lib Dems struggles to a post regarding better transport. Does this mean support for retrospective funding f...
Tristan Ward
“Let’s start by arguing that the economic benefits of the Single Market far exceed having to accept freedom of movement into the UK, and take it from there....
Chloe
'Needless to say the poorest in British society paid the price for this' I remember canvassing , the poorer the area the less interested they were. Membership ...
GWYN WILLIAMS
A balanced and fair assessment of the Senedd campaign. Unlike in Scotland, Wales has not as yet polarised into for and against Independence camps. The Welsh Lib...