Comments on: One third of large companies don’t pay tax - Radio 4 pick up the theme http://www.taxresearch.org.uk/Blog/2007/08/28/one-third-of-large-companies-dont-pay-tax-radio-4-pick-up-the-theme/ Richard Murphy on tax and corporate accountability Thu, 08 Jan 2009 00:41:03 +0000 http://wordpress.org/?v=2.6 By: David Soutter http://www.taxresearch.org.uk/Blog/2007/08/28/one-third-of-large-companies-dont-pay-tax-radio-4-pick-up-the-theme/#comment-158085 David Soutter Tue, 28 Aug 2007 21:30:45 +0000 http://www.taxresearch.org.uk/Blog/2007/08/28/one-third-of-large-companies-dont-pay-tax-radio-4-pick-up-the-theme/#comment-158085 It is amazing how much rubish is proulagted on this site. Given the amount of money that local, regional and central government waste the less they take from everybody the better. Until someone takes a mighty axe to the government's budget in the UK never mind the money that is wasted by and on the more ridiculous European Union this country will never fully prosper. Finally if I am wrong as so many of those who comment on here would say how come the budget for the NHS has gone up 300% and yet we cannot find jobs for the trained doctors and nurses we now have and that they are leaving the country in drives and going where they will find jobs. Wasted money, wasted by the bucket full have a proper look at where the money is wasted not where it comes from. It is amazing how much rubish is proulagted on this site. Given the amount of money that local, regional and central government waste the less they take from everybody the better.
Until someone takes a mighty axe to the government’s budget in the UK never mind the money that is wasted by and on the more ridiculous European Union this country will never fully prosper.

Finally if I am wrong as so many of those who comment on here would say how come the budget for the NHS has gone up 300% and yet we cannot find jobs for the trained doctors and nurses we now have and that they are leaving the country in drives and going where they will find jobs. Wasted money, wasted by the bucket full have a proper look at where the money is wasted not where it comes from.

]]> By: SOCIALIST UNITY » New Labour Pigs Subsidise Corporate Pigs http://www.taxresearch.org.uk/Blog/2007/08/28/one-third-of-large-companies-dont-pay-tax-radio-4-pick-up-the-theme/#comment-158076 SOCIALIST UNITY » New Labour Pigs Subsidise Corporate Pigs Tue, 28 Aug 2007 21:18:45 +0000 http://www.taxresearch.org.uk/Blog/2007/08/28/one-third-of-large-companies-dont-pay-tax-radio-4-pick-up-the-theme/#comment-158076 [...] Richard Murphy of Tax Research UK explains “that the capital allowances the UK gives are not aligned to the economic substance of the transactions to which they relate, and so constitute a subsidy which is not needed to create successful businesses. The second was that the UK’s tax relief on interest is ludicrously generous meaning that tax relief is given here on monies used overseas so that in effect the British taxpayer is subsidising business activity elsewhere in the world.” [...] [...] Richard Murphy of Tax Research UK explains “that the capital allowances the UK gives are not aligned to the economic substance of the transactions to which they relate, and so constitute a subsidy which is not needed to create successful businesses. The second was that the UK’s tax relief on interest is ludicrously generous meaning that tax relief is given here on monies used overseas so that in effect the British taxpayer is subsidising business activity elsewhere in the world.” [...]

]]> By: Sol Picciotto http://www.taxresearch.org.uk/Blog/2007/08/28/one-third-of-large-companies-dont-pay-tax-radio-4-pick-up-the-theme/#comment-157834 Sol Picciotto Tue, 28 Aug 2007 14:24:57 +0000 http://www.taxresearch.org.uk/Blog/2007/08/28/one-third-of-large-companies-dont-pay-tax-radio-4-pick-up-the-theme/#comment-157834 I thought Mike Devereux' comments were very interesting, and did imply that he's a convert to formula apportionment. Of course, that is no answer to the demand that companies should publish what they pay. If they did so, we could see more clearly how transnational corporations take advantage of the international tax system to minimise their tax payments. I thought Mike Devereux’ comments were very interesting, and did imply that he’s a convert to formula apportionment. Of course, that is no answer to the demand that companies should publish what they pay. If they did so, we could see more clearly how transnational corporations take advantage of the international tax system to minimise their tax payments.

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