One Day Soon, Unless We’re Very Careful…
To give you a recent example, the CEO’s of the three largest non-taxpaying corporations here in the United Kingdom, Amazon, Starbucks and Google were called before a parliamentary committee recently to explain why they have failed to pay any tax. There was the usual stonewalling which all companies do when they are caught with their pants down in public, along with transparently absurd statements like “We haven’t sold enough product here in the UK to pay any tax” while the politicians on the committee shouted and complained. But like most parliamentary committees, they have no teeth. All they were doing was to pay lip service to the problem, hoping the country would believe they were actually doing something worthwhile on our behalf. Yeh right, pull the other one it’s got bells on it! All three companies turnover last year added up to more than most small countries GDP, running into the hundreds of millions. All three channel their profits through places like Luxemburg so that they do not have to pay income tax here in the UK.
But do we really want to take up arms? God forbid that it should ever come to that, but one day soon it just might…

Well said Jack. We currently have the same situation in New Zealand. Multinationals are getting away with paying no tax in the same manner. Our wonderful and wise government say it’s legitimate tax avoidance, thus making NZ a tax haven for the rich and corrupt. Meanwhile the ordinary tax payer gets hit by increased costs and charges (particularly through increased GST on all goods and services including fuel which the govt. already gets the lions share of the price by way of duties and taxes).
I don’t have an issue with tax itself, but it is the way it is gathered is the problem, creating a wider rift between the haves and the increasing numbers of have-nots.
David Cameron finally admitted the truth during prime minister’s questions when he let slip “We are raising money for the rich.” Sooner or later he had to lower his guard. See: http://www.independent.co.uk/voices/comment/cameron-we-are-raising-money-for-the-rich-8411915.html
David Cameron finally admitted the truth during prime minister’s questions when he let slip “We are raising money for the rich.” Sooner or later he had to lower his guard.
See: http://www.independent.co.uk/voices/comment/cameron-we-are-raising-money-for-the-rich-8411915.html
Good point Jack. However, “The art of taxation is the plucking of the most feathers from the goose with the least squawking.”
Now, since those doing the plucking have discovered that OPM (Other People’s Money) is even more addictive than Opium and far easier to get, I see no end in sight until the inevitable swing of the social pendulum.
The sickening thing RH is that people actually voted the Conservatives into power here in the UK. Or rather, they got in because of apathy on the part of the majority. While everyone complains, no one does anything, playing directly into the hands of the rich, allowing them to get richer at the majority’s expense…