This is a review of “Tax Composition and Growth: A Broad Cross-Country Perspective,” an IMF working paper by Santiago Acosta Ormaechea and Jia Yoo. Here’s the assumption that I’m going to make in this post: it’s probably not too much of a stretch to say that the consensus among development practitioners is that economic growth… Continue reading Corporation tax has no association with GDP growth, says an IMF paper
Category: Taxing multinational companies
Five people who were missing from the Global Tax 50
We’re invited to comment on International Tax Review’s Global Tax 50. It says a lot about these annual trade press lists that four years before I appeared in the International Tax Review list I had featured in its equivalent in Drapers, which covers the fashion industry! Still, it’s a fun game, so let’s play it.… Continue reading Five people who were missing from the Global Tax 50
What makes Bradley Wiggins and Jimmy Carr different?
Compare and contrast: I had a small investment in Twofold, following guidance from my professional advisers. I had, however, claimed no tax relief of any amount in regard to this investment. Given the concerns raised, I have now instructed my advisers to withdraw me from the scheme with immediate effect. That’s Bradley Wiggins in an… Continue reading What makes Bradley Wiggins and Jimmy Carr different?
Is it time to tax companies on the basis of sales, not profits?
corporation tax is paid on profits, not sales, for a start. That KPMG’s Chris Morgan felt the need to clarify this point in Tax Journal got me thinking. It seems that, in the wake of the recent spate of corporate tax scandals, there’s a confluence of opinion between the general public and many tax scholars.… Continue reading Is it time to tax companies on the basis of sales, not profits?
Paper review: “How Nations Share”
In the case of international income, it is the disputes and their resolutions, and not the law on the books, that constitute the international tax regime. Yet it is all but impossible for citizens to observe exactly how, or how well, their governments navigate this aspect of economic globalization. This is Alison Christians’ contention in a… Continue reading Paper review: “How Nations Share”
Is eBay avoiding tax? (In which I endeavour to improve on a post by Mr Tim Worstall)
On Monday I discussed how I think most of the real debate about corporate tax scandals is about people’s normative interpretations of the tax system, not the technicalities of the particular structures. Then I read this: Another day, another report of an internet company avoiding taxes in the UK. This time it’s eBay, to follow… Continue reading Is eBay avoiding tax? (In which I endeavour to improve on a post by Mr Tim Worstall)
Martin Hearson 