Category Added in a WPeMatico Campaign

Tax

Prorogued

Parliament has been prorogued. I happened to be in Westminster last night. There were a lot of unhappy members about. For me the timing is useful. Teaching commitments mean that time for blogging might be tight over the next few days. Please do understand if, at the very least, moderation is sporadic.  

Tax

Getting MMT wrong in the name of Marx

If you want a giggle this analysis of MMT from a hard Marxist perspective is amusing for the politics and economics geek. Written by Adam Booth, it could have been improved by even a little reading of what MMT is about. It makes the most basic of errors. So many in fact, I have no […]

Tax

The death throes of old style globalisation

As the FT notes this morning, an IMF report authored by Jannick Damgaard, Thomas Elkjaer, and Niels Johannesen of Copehngane University has suggested that: A large proportion of the world’s stock of foreign direct investment is “phantom” capital, designed to minimise companies’ tax liabilities rather than financing productive activity, according to research. As they note: […]

Tax

Not The Nobel Prize for Economics

Henry Leveson-Gower of The Mint magazine has asked me to promote an idea I am more than happy to share. It’s this: What Henry’s asking is summarised as follows: Our economic system is driving us towards a perfect storm. We are facing ecological breakdown. Rising debt is threatening a new financial crash. Inequality is pulling […]

Tax

The UK’s failing economic model demands bold ideas

I was a signatory to this letter in the FT this morning: The UK’s failing economic model demands such bold ideas From David Blanchflower and others Your series of articles exploring the Labour party’s economic agenda fails to appreciate the severity of the UK’s current economic condition, and reproduces a number of misconceptions. There is growing political […]

Tax

This is not the time to give up

I was told by an academic I respect that they’d had enough of Brexit yesterday. It was too difficult to watch the country being torn apart by incompetent people to continue monitoring the detail, they suggested. There were better things to do with life. I understand the sentiment. I also understand on that basis why […]

Tax

Amazon: setting the record straight

The right-wing, anti-Company having to pay their fair share of tax brigade were out in force on the blog yesterday. They were incensed by my comments in a Guardian article in the amount of tax Amazon paid last year, which I quoted yesterday. I have to admit I have little time for these dinosaurs. I […]

Tax

Green QE, from this blog to the IMF

The IMF posted a blog on its website yesterday under the title: A Role for Financial and Monetary Policies in Climate Change Mitigation It summarised the options like this: Much of what I have been writing about funding the Green New Deal recently, here and here, fits into this framework. So, I argue for green […]

Tax

Tax and the Spending Review

I wrote this for one of the organisations I am associated with yesterday with regard to the Spending Review and thought it worth sharing here: One would think a spending review has very little to do with tax. The logic is that spending is the opposite side of the revenue cycle from tax. But that’s […]