Much brain power is being overused in attempting to make the US tech giants contribute more to Her Majesty’s Revenue. The initial complaint, that the current international business taxation system doesn’t deal well with digital, is entirely correct – it doesn’t.
The problem is that almost all of the suggested solutions to this inconvenience run up against two rather harsh economic facts. One is that businesses never really pay any tax at all, and the other is that the problem of not paying any taxes at all is already largely solved.
If only Ritchie could grasp both points, eh?
In other news, am doing a piece for the Independent, writing my little fingers off at Continental Telegraph and how are you all?
Yes, things will happen here once we’ve got that running……