The G7 agreement on new principles for taxing multinationals is not the ‘breakthrough’ that many are claiming. It probably won’t make a lot of difference to the tax most companies pay either. Mind you, given the collateral damage that could be done, I don’t think that’s necessarily a bad thing! To recap, G7 finance ministers … Continue reading G7 tax deal fails to live up to the hype
Category: international development
Why I’d vote against the cuts to UK aid
MPs will hopefully soon have the chance to vote on whether the UK should restore spending on foreign aid to the mandated level of 0.7% of GNI (gross national income). This is surely the right thing to do. First, the arguments in favour of cutting the target to 0.5% are weak. The Government’s case is … Continue reading Why I’d vote against the cuts to UK aid
‘Global Britain’ shouldn’t be taking an axe to foreign aid
According to The Times, the Treasury is pressing for foreign aid to be cut 'temporarily' from 0.7% of GDP to 0.5% as part of next Wednesday’s Spending Review. I think this would be a mistake. By way of background, the International Development Act of 2015 commits the government to spend 0.7% of national income on … Continue reading ‘Global Britain’ shouldn’t be taking an axe to foreign aid
Plain-speaking Economics 