The Economist had an article on companies leaving the UK last week. They concluded by giving space to Mike Devereux Oxford University:
The government’s proposals go far beyond what is reasonable to protect Britain’s tax base, says Michael Devereux, a professor at the Oxford University Centre for Business Taxation. The government is now looking for a […]
Yesterday I suggested how Alastair Darling should deal with the 10p tax rate problem.
Today he has announced that he has accepted my first two recommendations (which I have not seen elsewhere) adjusting the sums only to allow for winter fuel allowance.
Let’s now hope he moves on and adopts steps 3 to 5.
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The Right are out in force, commenting on the Christian Aid report. I wrote this in reply on the Spectator blog this morning:
There’s always an excuse for greed. Ample are on display here.
There’s always an excuse not to do the right thing.
There’s always an excuse to walk on the other side.
You clearly know them all.
Christian […]
I have the following letter in the London Evening Standard today in response to a comment made yesterday by Anthony Hilton that Gordon Brown has run a dual track economic policy:
Gordon Brown has indeed run a dual economy: one for the people and companies of the UK; another for the itinerant people and companies he […]
From the Telegraph this morning:
TUC leaders are said to have been surprised but delighted by the decision to give unions representation [on a working group being set up to consider the taxation of overseas earnings and other long-term tax issues]. Criticism from the TUC about the existing rules and the ability of companies to shelter […]
I have been asked this question yet again today. I have a five step plan:
1) Increase the tax threshold at which tax is paid by £1,000 for everyone. For most people this will reduce their tax liability by £200 - the value that (near enough) the 10p band gave them;
2) Reduce the standard rate band […]
The FT has reported that Nick Clegg, the UK Lib Dem leader has said that:
Lib Dems have abandoned their plans for a 50 per cent top rate of income tax for high earners, but that the 40 per cent top rate should mean 40 per cent
That’s an idea from the Missing Billions.
The idea is simple, […]
I took part in the World this Weekend today on BBC Radio 4. (The link is here, for the next few days, start 20 minutes into the programme). The debate was on the claimed loss to the Exchequer from companies leaving the UK.
My contribution followed that of Richard Baron, head of tax at the Institute […]
The Times reports that:
A spokeswoman for BAT confirmed that the company paid no corporation tax in the UK during 2007.
I know. I told the Times.
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Accountancy Age reports that the Treasury has had a lot of interest in its new business-government think tank tasked with looking at how to resolve the crisis on taxing foreign earnings in the UK. They’re apparently said:
We’ve had a high level of interest from a number of companies which are keen to have a representative […]
