This comes from Public Services International, which is a Global Union Federation of more than 700 trade unions representing 30 million workers in 154 countries:
The report is available here, together with more information on unitary taxation.
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In your analysis, how much additional corporation tax would become payable in the UK each year if we unilaterally adopt a unitary basis of taxing multinational groups? To what extent might multinational groups look at the factors used by the formula to allocate profits to the UK, and attempt to locate such factors outside the UK?
No one can be certain
I will be candid and think the answer may be ‘not a lot’
But formulary apportionment does permit raising tax rates much more easily, and that will raise significant revenue: the two are completely related
But I have always campaigned for formulary apportionment to ensure that much more tax goes to developing countries, and they are the massive winners from this
Add those together – and the move is worldwide and not just UK based alone – and I think it’s a winner
And will there be game playing? You mean will businesses shift employment and customers into the Uk to get advantage of what will still be low tax rates? I think so