Originally Posted by
philbky
What you are ignoring, or perhaps are deliberately not acknowledging, is the way HMRC compiles its figures. All dues collected by government from companies are attributed to the geograhic location of the reporting office.
Not sure you're right there.
According to ifs.org.uk.
HMRC approximate the division of onshore corporation tax revenue based on estimates of the location of profits. HMRC allocates individual companies’ profits to regions, largely based on the location of their employment,and aggregates this to get the share of profits in each location.
They go on to say that
Calculating how much of a company’s profits are attributable to economic activity in different locations is conceptually and practically difficult and is the source of many problems in international corporate taxation.
So the assertion that profits aren't correctly distributed across the regions is a nice opinion piece but isn't supported by hard facts or evidence because it's "conceptually and practically difficult" to do so.