Nations that Manipulate Tax Rules

The Grand Duchy of Luxembourg has rightly been accused of manipulating its tax rates to enable large multinationals like Amazon to avoid paying corporation tax on the profits that they make on business in the jurisdictions where they make the profits. The main architect of this is the gentleman who now heads the European Parliament, Mr Juncker, which shows that if you have enough front you can get away with almost anything. Continue reading

No tax relief for the environment

Governments are notoriously reluctant to change. Some months ago I was talking to a Treasury official about the best ways to incentivise microgeneration and solar thermal in particular. I explained that I thought that a simple income tax allowance of the amount spent on a thermal solar system would be a good idea.

This is what Austria has done and it has led to a massive use of thermal solar and a corresponding gain in environment benefits and in energy security.  His reply was disappointing but not unexpected. Continue reading