Hodge, who became the scourge of multinationals in her time chairing the Commons public accounts committee, said: “Who pays tax and how much they pay has moved from being an obscure issue only discussed by tax professionals to one of huge public concern which is of interest to everybody.
“We want to stimulate an open debate on the challenges and reforms needed to restore and maintain confidence in the fairness of our tax system.
“Raising the tough questions and breaking through the technical jargon, which in the past has created a veil of secrecy, is just what parliament should do.”
They’re talking about corporation tax.
Abolition of corporation tax is to be considered by a new cross-party group of MPs and peers who will subject ministers and business leaders to public interrogations in a bid to secure fairer and more responsible tax policies.
No, they won’t abolish it, which is what they should do.
With evidence growing that the current tax on profits is unfair and too easily avoided, the group wants to debate whether it should be replaced by a new tax on location of activity and sales.
They will recommend unitary taxation.
This is all pre-ordained.
Not one single one of them will even bother to consider the economics of this, nor even read the Mirrlees Report. Instead of taking the advice of a Nobel Laureate on the design of tax systems they will instead take their lead from a retired accountant from Wandsworth.
How well we are ruled, eh?