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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 …

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

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Recent Comments

Tim
Hywel - the source of the "Norwegian gas is cleaner than UK gas" is here - https://www.petro-online.com/news/fuel-for-thought/13/sp-global/two-thirds-of-uk-and-...
Jason Connor
No that was Nick Clegg in full flow on tuition fees....
Jason Connor
I couldn't agree more with the first 3 posts. I heard a figure of 75% of households still use gas. The council stopped installing heat pumps on my estate as the...
Hywel
"According to the regulator’s own figures, pipeline gas from Norway is produced with less than a third of the emissions of Britain’s North Sea output." W...
Chloe
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