I make no apologies because that is the sort of thing you are used to reading here at D&N! In fact were I to list all the things about which I know nothing you would all die before you reached the end. Equally, were I to attempt to construct a list of things I do know about, I might die before I made the first entry! Anyway, with my customary confidence I will now launch into a subject on which I am sublimely ignorant - corporation tax!
I am prompted to this subject, of course, by the decision of the EU to squeeze the pips out of the Apple Corporation by insisting, nay, ordering, the Irish government to raise 13 million euros in corporation tax on the grounds that the Paddies have been undercharging in order to steal the business in the first place. For me, this is simply too, too delicious because I loathe the EU apparat, almost as much as dislike the 'Oirish' and, as a bought and sold Microsoft man, I dislike 'Crapple'! And to top off this delightfully tasty soufflé it has got right up the nose the American government who are 'shocked, I tell you, shocked' that those Europeans have had the nerve to rip off a fine American corporation, even though the aforesaid American government via its (non)justice system always takes every opportunity to tear the arms and legs off any foreign company (remember BP?) that they decide has infringed their rules!
Of course, it's obvious that the main reason for all this is the hopelessly complicated rules introduced by governments to deal with taxing international (or even national) corporations. Governments are run by civil servants who know even less about the intricacies of corporate finance than I do, where-as, corporations are run by 'Slick Willy' lawyers and accountants who run rings round them. Allister Heath in The Telegraph has some ideas on the subject which are worth reading. In the meantime, I really must get on with finishing my tax return!