5 comments on “On The Guardian and Nando’s

  1. “according to the UK’s leading expert Richard Murphy…” you must have been pissing yourself laughing as you wrote that Tim! Great article.

  2. “No corporation tax at all is due on these sorts of revenues flowing from overseas into a UK corporation these days.”

    You sure about that? Royalties and loan relationship credits are normally taxable in the UK.

    Maybe not for the Guardian, if they have losses to cover them, but the general rule is that they’re taxable.

    If not I have some serious CPD to catch up with… 🙂

  3. might have helped the understanding of people (who unlike me are non-Murphy stalkers) that you were being ironic if you’d italicised the

    “UK’s leading tax expert” etc refs

    If you try to put such a factual comment on the Guardian’s tax affairs in the CIF comments their mods delete it (several times to me) so I don’t bother now.

  4. “Actually, it gets better than this for The Guardian. For according to the UK’s leading expert (and sometime Guardian columnist, as I have been) Richard Murphy, the UK is now one of the most advantageous tax havens in the world for this sort of revenue. No corporation tax at all is due on these sorts of revenues flowing from overseas into a UK corporation these days.”

    While strictly speaking the above is true (i.e. it is true that RM said it), the fact that RM was utterly wrong does make this bit of the article misleading. The UK does tax royalties and interest, obviously.

  5. That Forbes article has got to Ritchie. After his blog last night he’s clearly been tossing and turning all night and got up and based away at the keyboard again this morning.

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