That Crazed Fair Tax Mark Report About Big Tech Taxes

A thought occurs about the Fair Tax Mark and their complaint that big tech isn’t paying enough in tax.

Recall how they do their calculation. Here’s the reported tax for the period. Here’s the reported tax paid in that period. Obviously that’s already going to be wrong because of timing issues. But it’s also wildly wrong for a different reason.

The tech companies pay their staff in shares and stock. And they’ve not adjusted for the tax implications of that.…

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Dunderheads At The Progressive Economy Forum

Rather than bore extensively with what the flapheads at the Progressive Economy Forum are telling us about the party manifestos – we can guess anyway, Greens good, Labour Great! – just the one little extract:

The tax dimension of it (and it’s always an aspect) also makes sense. To the
extent that tax is needed the aim is threefold. Wealth is taxed more, as it is
dramatically undertaxed now. Labour is right to tax it more.

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Two Numbers To Know About The NHS

The Senior Lecturer Emeritus at Islington Technical College tells us two numbers that we need to know about the National Health Service. He’s right in that these are two important numbers. Given who he is he manages to gain entirely the wrong conclusions but then that’s rather what we’d expect.

Health spending has risen by an average of 3.7% per year since the NHS was founded, but only by 1.5% since 2010.

The relationship between input and output is known as productivity.…

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A Truly Glorious Piece Of Richard Murphiness

The Senior Lecturer Emeritus at Islington Technical College treats us to his analysis of the problems with taxation and wealth in the UK. He refers to the Equality Trust’s report on that wealth inequality. He notes that 6 people control as much wealth as the bottom 13 million.

He then tells us:

But as I noted from conversations in the City yesterday, the concern there is people moving home because of taxation when the concern should be people haing homes at all.

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The Ability Of Richard Murphy To Connect The Dots

The Senior Lecturer has spent some years telling us that the country doesn’t invest enough in real assets. Therefore pensions savings need to be close to nationalised, at least directed into the building of those real assets for the next generation. For it is that which underpins every pension – when the time comes to start drawing on those savings there must be a productive investment behind them in order to fund said pension.

Note that neither he nor I are talking here about the specific form of the investment, not at this level of the discussion.…

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It’s Amazing What Some People Will Believe – Government Debt Edition

Some people just seem to lack a switch or two in their heads. Those little bits that allow one to think through the implication of one belief or assertion upon another.

This example comes from the Senior Lecturer on the subject of government debt. He tells us this about such debt:

Ten key facts everyone should know before discussing debt issues in the UK:

1. A quarter of UK government debt is owed to the UK government itself


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Brexit – Why Would Anyone Want Singapore On Thames?

Agreed, I’d not put too, too, much weight on the World Bank and their purchasing power parity calculations but still. We’re asked a question and it’s worth trying to provide an answer:

It’s clear that the government wants to pursue radical de-regulation on everything from worker to environmental, social and financial protections. Their goal is Singapore-on-Thames where they can show contempt for international norms and standards on every imaginable issue, and depart from previously hallowed ground on matters such as the NHS.

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Making And Selling Coca Cola Is A Sin Says The Senior Lecturer

A gentleman who is soon to be unemployed as an economics professor tells us that the production and sale of Coca Cola is a sin:

If sin such a terrible thing when it comes in the form a can of Coke? Well, yes it is when the planet cannot afford that waste of resources, the product is laden with anti-competitive protections and potential tax loopholes, and it happens to have contributed to substantial increases in childhood (and other) obesity.

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Richard Murphy Proves That Fighting Climate Change Isn’t Worth It

Not that Richard Murphy realises that he’s just proven that climate change isn’t something we should bother about but then that’s because Richard Murphy doesn’t understand the subject under discussion.

But on such a misunderstanding he has based his entire idea of a new form of accounting to deal with climate change.

Hey ho, that expansion of the universities was a mistake, wasn’t it?

The core point is this:

The framework must also have a forward-looking focus when considering capital sufficiency for the sake of protecting all stakeholders of the reporting entity.

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Green New Deal Bonds Must Pay 3% – Because That’s Not Available Elsewhere

Richard Murphy, the would be architect of the Green New Deal, tells us that the whole thing could and should be financed by Green Bonds which will pay 3% interest. Because that’s just not available anywhere else.

But suppose the Green New Deal was funded by Green ISAs, backed by a Green Investment Bank and paying 3% a year – which is almost impossible to get anywhere, but which has almost no net cost to the government as a means of funding right now.

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