A lot of moaning about corporation tax in leftie-blogland today, for no particularly discernible reason. How about this as a ‘no big corporation tax dodging’ principle to adopt at G8:
* All countries adopt the current UK system of charging the parent company tax at the national rate for its home country, with all tax paid abroad offset up to the national rate for its home country
* Only companies that agree to adopt the practice above, and to nominate a registered country as their home country, are allowed to list on regulated stock exchanges
* G8 ministers decide which countries count as ‘registered’, based on principles such as ‘don’t take the piss’, ‘aren’t Ireland’, etc.
This Spectator piece brings a couple of conjectures to mind:
1) Anyone who uses the phrase ‘pie in the sky’ is an idiot who should be ignored.
2) Anyone who believes absolute national debt, rather than national debt as a proportion of GDP, is a figure with any relevance to anything is an idiot who should be ignored.
These conjectures, happily, tie up with an existing known fact: that Fraser Nelson is an idiot who should be ignored.
Read a selection of grumpy middle-aged Tories and Libertoonians slate 18-year-old kids for being pompously grumpy about getting a stupid question in their History A-level.
CHILD PSYCHOLOGY NEWSFLASH: bright kids are often pompously grumpy, and are usually far too worried about exams.
…however, the concept of right-wing bloggers being upset by grumpy pomposity is leaning towards ‘white males are the most oppressed group’ levels of un-self-aware lunacy… oh, wait, most right-wing bloggers believe that too.
At least the kids will mostly grow out of it.
I’ve a new piece up at Liberal Conspiracy on happiness, tolerance and migration data. Which is fun if you like that sort of thing.
Frank Dobson spoke nothing but truth last month:
‘Be warned,’ he said, ‘the Lib Dems and the Tories have not abandoned party politics.’ There was, he alleged, a three-part strategy. When they had disposed of the Speaker, they would demand Gordon’s resignation. If they got that, they would demand an immediate general election on the grounds that we couldn’t have yet another Labour leader without an electoral mandate. ‘And anyone who thinks that an immediate general election would be of benefit to the people who voted us in, is not on this planet.’
From Chris Mullin’s excellent account of Westminster life during the surreal days of ‘well-paid people with expense accounts use them; remind me why we’re supposed to care’ [*]-gate.
[*] no, really don’t.