Mr Murphy on territorial taxation

Ricthie says this is a very bad thing, taxing economic activity where economic activity actually occurs:

From my perspective I’m pleased to see that she supports my concern about the introduction of territorial taxation,

No, no, that\’s terrible. What we really should be doing is, as Ritchie keeps telling us, taxing in this manner:

Seeking to pay the right amount of tax (but no more) in the right place at the right time where right means that the economic substance of the transactions undertaken coincides with the place and form in which they are reported for taxation purposes.

Please note and memorise the difference between these two methods of taxation. There will be a test.

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