We wish we had said this about inheritance tax

And in fact we have said things like this before: Do you plan to leave your wealth to your children? Yes, on the understanding that they, in turn, protect it for their children and grandchildren, as I’m strongly against inheritance tax. Even at the height of my youthful Marxist fervour in the great socialist Jerusalem […]

How we know that the tax justice campaign is entirely rubbish

An interesting little whine in The Independent about corporate taxation. Which contains one gem and one great truth. The gem: So enough of multinationals treating the British state as if it were a charitable fund to which they can voluntarily contribute. … Their vans drive on taxpayer-funded roads, and they frequently avail themselves of a […]

Why taxes and snooker rules are not that different

Pretty much anyone with even the sketchiest understanding of economics knows that a competitive market is the mother of all driving forces for efficiency. In fact, Kenneth Arrow and Gérard Debreu have a mathematical proof called the Arrow–Debreu model which shows that if the conditions are propitious in terms of a competitive free market there […]

People are still very confused about the Google tax story

As a masterpiece of tripping over your own argument we think that this from The Observer takes some beating: Recent wrangles between the European Union and the US on tax show how difficult achieving international consensus can be when competing interests are at stake. But it is possible: the EU is the most successful example […]

People just still aren’t getting it about Google’s taxes

There are any number of people saying things akin to this about Google’s tax affairs. And sadly all of them are exactly and precisely wrong: But Jeremy Corbyn said experts thought it amounted to an effective rate of about 3%, in contrast to rates of corporation tax of above 20% over the last decade. The […]