Newsnight covers tax cuts for multinationals - discussion with Richard Murphy

[NearAbbeyRoad]

Land Valuation Taxation (LVT) - the Single Tax, no income Tax,Council Tax, VAT, etc.

LVT "cannot be avoided" as land's location is known to the inch. Land cannot be taken off-shore. LVT encourages enterprise, while discouraging harmful speculation on land and its resources -speculation in land caused two world wide crashes with 80 years -land was the "root cause". LVT reclaims community created wealth that soaked into the land crystalizing as "land values".

[whydidigetdeleted]

No wonder the cuts are supposedly necessary. This lost revenue goes on top of the ~£80bn we give to banks. This is NOT capitalism.

[445CR]

This Richard Murphy guy looks like he doesn't have much fun in life. Shame.

[IncitatusMP]

This is not what it appears. Most companies operating in several countries have a subsidiary in each country, for a number or reasons, not taxation.

This is about "branches" i.e. the company does not have a subsidiary in the country. Hardly any companies organise this way. All this change does is to tax branches the same way as subsidiaries are already taxed. It will have very little effect.

If there were to be a big tax implication the company would be opperating as a subsidiary already.

[mangoswiss]

If Richard Murphy was pulling the levers I'm not sure that HSBC would stay in the UK.

It's not blackmail. It's tax competition. The Laffer Curve applied.

[sezohanim]

Sounds like BRIBERY and corruption!

[GrahamGRA]

Indeed, cut taxes for big corporations! It will encourage business growth...

... how's that working out for you, Ireland?

[jvbiddington]

That is a truly daft notion of managing a national economy - daft, stupid, and dare I say it sounds corrupt.