... The world is false as usual .. UK political talk is all about cutbacks and dole scroungers but there are 20 millionaires in the UK government cabinet many using techniques to not pay full tax ...
They appointed billionaire Sir Philip Green to lead a task force investigating where government spending could be cut. One of his companies the Arcadia group Britains biggest clothes retailer is in his wife's name and his wife is registered as a Monaco resident so she took a a tax-free £1.2bn dividend in 2005
For years large companies like Virgin and Sky have used tax haven techniques to save billions ... guess which company pays only 2.4% tax on its earnings ?
It's slogan is "don't be evil", but is it moral when all the small people pay 25- 40% on their earnings ? Yes Google "Double Irish" & "Dutch Sandwich" technique to minimise tax on its £2billion non US income (businessweek.com/magazine). World profits are funneled through Google Ireland. In Ireland to escape tax you can funnel profits to other countries, but not tax havens, so the profits are funneled to the Netherlands and then on to Bermuda businessweek.com/magazine(in pictures ). The US taxpayers paid for the research that Google was founded upon, but are being deprived of tax on much of the profits .
Such Tax avoidance techniques are legal, but slavery used to be legal also. "If one country bans it, then uses will switch to another" ...well it's time for a world fair tax code ... good BBC radio documentary about famous UK companies not paying much tax
- Well one argument is that it is diffcult for truly global companies to say in what country they mande a profit. If I but 10 carpets in Iran for $100 and then put then in a warehouse in the UK for 10 years and then sell them for $2000 in France... where did I make the money ?
Barclays Bank has been double dipping ..paying tax in one country, but then claiming the same tax back off the US government and the Uk government
- there is the usual lack of perspective : tax avoidance totally dwarfs benefit overclaiming, never mind the paltry amount UK MP overclaimed by UK MPs which the UK newspapers spent 6 months banging on about ..Oh do the newspaper organisations also save billions by using tax avoidance ? ..take a wild flaming guess !
BTW It's the fascist BNP party website that the coalition government MPs exploitation of allowances are much bigger than the last governments http://www.bnp.org.uk/news/condem-cabinet-%E2%80%94-millionaires-club-which-makes-you-pay-their-private-living-expenses