It is just exquisite how he fails to see that one of his arguments entirely destroys another of his arguments.
Well, I do not agree: an intangible asset only gets a value because a product to which it relates is bought. Intangibles have no value without sales. It’s as simple as that: anyone who argues otherwise has never been in business. So income needs to be taxed where income is earned.
Therefore Vodafone should be taxed in Germany on the sales it makes of phones and services to Germans. No UK tax should be payable on any such profits.
Glencore should pay tax on copper in the countries where it sells copper. The UK, US, China, wherever: not Congo or Zambia where it mines it.
He\’s just destroyed the entire system of taxation that he himself argues for.