Janet Yellen: her global minimum tax plan lacks detail and is impractical On 5 April, US Treasury Secretary Janet Yellen said America wants a global agreement fixing a minimum corporate tax level. This follows President Biden’s announcement that he planned…
Tag: Richard Murphy
Fantasy profits
Profit – the difference between costs and revenue – is the engine driving capitalist economies. It determines dividend pay-outs and a high proportion of the market valuation of companies. They can’t survive without it. If there’s no profit, there’s no…
Capital is a social construct and can’t be controlled
Richard Murphy has called for the end of the freedom of movement for capital In a comment posted on his website on 30 December, academic and accountant Richard Murphy said that the UK vote in favour of leaving the EU…
Tax and intangible capital
Labour leader Jeremy Corbyn says increased spending on essential services and infrastructure could be financed by reducing the amount of tax avoidance and evasion, mainly by companies doing business in the UK. Blogger and tax expert Professor Richard Murphy argues…