Mike Devereux on offshore profits
I think Mike Devereux of the Oxford Centre for Business Taxation has posed the policy dilemma on the foreign profits move quite well.
In last week's Economist, he says: 'The more successful tax collectors are in preventing firms from shifting profit out of Britain, the more they are likely to encourage firms to leave the country.'
That just about sums up the futility of the government's policy.
Cat Prince (adult jokes) woman who had nothing better, wipe the dust-laden oil lamp in the attic to find her beloved cat lying beside her to suffer. Wipe between a monster jumped out from the lamp inside, that it would reach her three wishes. Xiangyebuxiang old woman said: "I want money, to restore vigor, and take my cat into a handsome prince." A cloud of smoke later, she found herself became young and beautiful, surrounded by treasure. The cat disappeared, and a handsome prince standing by her side, floor to her. She was intoxicated at the prince's arms, that the whole people are happy to melt out. Prince in her ears gently whispers: "You castrated me, and now regret it?"
Posted by :Anonymous | December 13, 2009 3:27 PM
Well what do others think?
Posted by :Lucrecia Maurer | January 25, 2010 9:52 AM