Importantly though, grants, of course, do not all go to large companies. Critically, if the Scottish government is serious it has to:
Demand that all companies with public grants publish their fill accounts on public record;
If they are a group full country-by-country reporting must be available on public record;
Ownership should be on public record;
There must be a tax governance policy in place;
It must be monitored and audited, annually;
That policy must require an explanation of the tax rate with workings supplied;
All cards must be face-up on the table;
No tax haven involvement should be permitted.
That is deliverable.
Those who collect charitable grants through an LLP don’t seem to be included on that tax rate bit. Wonder why?