Taxation

The table is featured in a report from the Institute for Fiscal Studies, a think tank, on Scotland and taxation. (The original is here.) In this world, among other things, taxes on labour and transactions would be reduced, and distinctions of business size and investment type removed. Bad side-effects of economic activity, such as carbon emissions and congestion, would be taxed directly, rather than indirectly or not at all. 

Margaret Hodge, chair of the House of Commons public accounts committee, is turning her attention to the looming sale of Vodafone’s 45 per cent stake in Verizon Wireless to Verizon. On Monday, the trenchant critic of corporate tax behaviour said that “if Vodafone are manipulating the rules to avoid paying their fair amount they should think again”. The UK tax paid — or not — by multinational companies is a sensitive political topic. Ask Google and Amazon. Or Vodafone. What might Ms Hodge be referring to in this case?