I note BAT now has a new reason for not paying UK tax. Previously it was that it’s UK head office made a loss. That’s been their story for the last year or so, until a week or two back.
Now I note that they told the Sunday Express that it’s because all it’s tax is […]
The Sunday Express is the latest paper to notice the comments John Christensen, the international director the Tax Justice Network, and I have to make on tax. I apologise for the time taken to get to them on here, but I’ve been travelling.
Several things shocked that paper. The first was that those companies complaining most […]
Labour has lost the Crewe by-election. Badly. Tax has been a big issue. Which is unsurprising. Labour has done very little in tax terms for the middle and working classes. It has done a great deal for the wealthiest, those who are mobile and those who use the UK as a tax haven. I’ve argued […]
You don’t believe me? It was KPMG that said it. OK, they’re only talking VAT, but this is an enormously important tax for the economy and for the companies that operate it. And they’ve issued research showing the follwoing::
- UK tops league table of VAT-friendliness in KPMG International survey
- Multinationals predict shift to indirect taxes […]
The Times has reported this morning that:
Some of Britain’s biggest listed companies, including several that have threatened to redomicile abroad, paid little or no corporation tax in Britain in 2007.
Research by The Times shows that FTSE-100 companies - Cadbury, Standard Chartered and British American Tobacco, which have a combined market capitalisation of £75 billion, employed […]
From Hansard, 14 May 2008:
Mr. Austin Mitchell: To ask the Chancellor of the Exchequer if he will estimate the revenue that would be raised in 2008-09 if the upper limit on national insurance contributions were abolished. [205248]
Jane Kennedy: The yield from removing the upper earnings limit for employees Class 1 National Insurance contributions is around […]
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A poll by the FT shows that:
Strong majorities in five European countries - ranging from 76 per cent in Spain to 87 per cent in Germany - consider that income inequality is too great.
But 78 per cent of respondents in the US, traditionally seen as more tolerant of income inequality, also think the gap is […]
Neasa MacErlean had an interesting review of the next round of tax changes likely in the UK in the Observer today. She was kind enough to quote some of my thoughts, but more interesting was a comment from BDO’s senior tax partner Stephen Herring. He is reported to have said:
that a cut in corporation tax […]
A good article by Carl Mortished in the Times this morning. This is an extract, after he notes the considerable difficulties Alastair Darling is having in finding anyone to pay the cost of running the UK’s government:
Globalisation was not meant to be like this - a frantic race to the bottom where the Devil takes […]
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 […]
