Maya Forstater

"Base erosion and profit shifting (BEPS) refers to tax avoidance strategies that exploit gaps and mismatches in tax rules to artificially shift profits to low or no-tax locations." - the OECD

We believe, for reasons which have been set out clearly in the report, and set out clearly again to you on twitter when you couldn't read them, that using the average profit margin approach gives a reasonable understanding of the profit that should arise in the UK.

We also state that these figures are not definitive, that they are estimated figures. Others are welcome to come up with their own methodology. You are welcome to come up with your own numbers.

But rather than do that, you just assert that most profit is declared in the US (facts clearly dispute that) and resort to name calling. SAD!

You keep saying that I said most profit is declared in the US. I didn't.

I'll ask you again: if a US company makes $100 of sales to a UK customer, how much of that do you think the UK should tax?

The profit. Now what is the profit? That's a very good question. MNEs answer is that the profit in the UK is negligible. We think that understates the position - based on research of the companies own numbers.

Now you happen to disagree with our estimate of profit - which of course is your right. But rather than engage with the issue, you just assert we don't know what we are talking about. Which is a little silly.