green Posted February 8, 2011 Author Share Posted February 8, 2011 Is anyone really angry at this? Link to comment Share on other sites More sharing options...
Bulgarian Posted February 8, 2011 Share Posted February 8, 2011 not really Link to comment Share on other sites More sharing options...
SevenFifty Posted February 9, 2011 Share Posted February 9, 2011 Whether you're already aware that the Government is in the pocket of the banks and big businesses or if you're diligently paying your extra VAT, fuel duty, etc. in the belief that you need to "pay your way", you should really take the time to read this article: "To us, it's an obscure shift of tax law. To the City, it's the heist of the century" http://www.guardian.co.uk/commentisfree/2011/feb/07/tax-city-heist-of-century"]http://www.guardian.co.uk/commentisfree/2011/feb/07/tax-city-heist-of-century (I can't post clickable links yet so you'll have to paste the above link into your browser's address bar). Link to comment Share on other sites More sharing options...
carosio Posted February 9, 2011 Share Posted February 9, 2011 This might help: http://www.guardian.co.uk/search?q=tax+heist Link to comment Share on other sites More sharing options...
Grandad.Malky Posted February 9, 2011 Share Posted February 9, 2011 Here we go Like the dismantling of the NHS and the sale of public forests, no one voted for this measure, as it wasn't in the manifestos. While Cameron insists that he occupies the centre ground of British politics, that he shares our burdens and feels our pain, he has quietly been plotting with banks and businesses to engineer the greatest transfer of wealth from the poor and middle to the ultra-rich that this country has seen in a century. The latest heist has been explained to me by the former tax inspector, now a Private Eye journalist, Richard Brooks and current senior tax staff who can't be named. Here's how it works. At the moment tax law ensures that companies based here, with branches in other countries, don't get taxed twice on the same money. They have to pay only the difference between our rate and that of the other country. If, for example, Dirty Oil plc pays 10% corporation tax on its profits in Oblivia, then shifts the money over here, it should pay a further 18% in the UK, to match our rate of 28%. But under the new proposals, companies will pay nothing at all in this country on money made by their foreign branches. Link to comment Share on other sites More sharing options...
SevenFifty Posted February 9, 2011 Share Posted February 9, 2011 Many thanks for adding the links. Link to comment Share on other sites More sharing options...
SevenFifty Posted February 9, 2011 Share Posted February 9, 2011 This bit got me: But that's not the end of it. While big business will be exempt from tax on its foreign branch earnings, it will, amazingly, still be able to claim the expense of funding its foreign branches against tax it pays in the UK. No other country does this. Link to comment Share on other sites More sharing options...
Ms Macbeth Posted February 9, 2011 Share Posted February 9, 2011 Threads merged Link to comment Share on other sites More sharing options...
vResistance Posted February 9, 2011 Share Posted February 9, 2011 Our" government" isn't going to bite the hand that feeds/controlls them. Funny though how the w..bankers like to bite the hand that feeds them (us). Is it time we stopped feeding THEM ?. How many BILLIONS do THEY need ? What are THEY and the greedy energy companies etc going to spend it all on ? Not us that's for sure. Hang 'em,that's what i reckon. Link to comment Share on other sites More sharing options...
Vague_Boy Posted February 9, 2011 Share Posted February 9, 2011 If Cleggy want to get a job on the board of a big company once he leaves politics he needs to be nice to them now, and he will be. Same as most other politicians. Ex-Labour MP Ruth Kelly joins HSBC Labour's Lord Mandelson joins bank Lazard 'Revolving doors' row as ex-Foreign Office Minister Baroness Symons joins bank with links to Iraq contracts Lord McFall (MP until 2010) joins new Scots bank venture And don't get me started on Tony Blair's links to both JP Morgan and Firerush (Blair's own investment bank). Link to comment Share on other sites More sharing options...
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