DemolitionRed |
09-11-2017 01:40 PM |
Quote:
Originally Posted by Brillopad
(Post 9686526)
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Yes, it is hypocritical but then there's a huge difference between cash-strapped councils having to resort to methods that maximize their funding and the £billions in corporate profits, that should be taxed that's being filtered off into personal bank accounts. At least this little tax dodge is being used to serve the public.
The real damage with tax dodging is when the profits are shifted out of Britain. Something like 80% of tax dodging profits goes out of this country and therefore don’t ever get re-invested in infrastructure, employment or things like repairing our roads and pavements.
We subsidize the Isle of Man £350million a year so they can keep a zero rate on their corporation tax. If we didn’t subsidize them, the Isle of Man couldn’t remain a tax haven and it certainly couldn’t afford to have a zero rate corporation tax! I’ll add to that, that employed islanders don’t benefit in this tax haven. Employment is low, austerity cuts have caused the same suffering as they have here. Housing is expensive and the high cost of living is a growing burden. The money being sieved off is not being re-distributed to assist the Islanders.
I don’t care if it’s the Tories, the Labour party or any other party that is filtering public money into their own fat purse at our expense. What I do care about is, nobody is seriously tackling tax avoidance. Corporations are doing it because they can, millionaires and billionaires are doing it because there are no consequences. Nobody knows who owns what because tax avoidance is shrouded in a cloak of secrecy that is aided and abetted by our governments and I say ‘governments because this is a global problem. There’s no legislation for transparency, no law to say we have to have public records and nobody being held to account. If that doesn’t make all us honest tax paying citizens angry, then nothing will.
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