It’s a Sunday and the Rowntree Foundation only pay me to blog during the week. This post should get me some sort of extra recognition from them in the form of money which is not actually employment income for the purposes of income tax though it may look like it a bit.
Eric Schmidt says this in the Observer:
First, corporation tax should be paid on a company’s profits, not its revenues.
Corporate taxes are levied in the country where a company conducts the economic activity, and takes the risk, that generates its profits – not where products are consumed.
These two statements are not true. And I have shut Mr Schmidt up there because he is obviously talking nonsense.
These two statements cannot be true because I dislike Mr Schmidt and feel the need to disagree with him whatever he says. This is despite the fact that I always say that taxes should be levied where the economic activity takes place.
I will therefore pretend that he said something else.He uses the expression “economic activity” but I know that he has used this to mean “engineering”, even though he doesn’t use this expression and clearly thinks he means economic activity, and so he is wrong.
This proves what a tax expert I am.
It also explains why many people misunderstand my clever arguments. They look at what people say and argue with that. They think I should too.
I don’t. I look at what I reckon people say and argue against that.
Given this, nobody is ever able to beat me in an argument because I can just reckon they say something stupid.
This is why I spend most of my blog putting words in other peoples’ mouths. It is so that you too, dear Reader, can see how stupid the world is when looked at from my perspective.