Busting myths about tax justice

Last Updated: August 22, 2014By Mike SivierTags: Andrew Mitchell, avoid, Conservative, David Cameron, francis maude, George Osborne, Mike Sivier, mikesivier, Philip Hammond, tax, tax haven, Tories, Tory, UK, Vox Political

Reposted from Public & Commercial Services website

Prime minister David Cameron has talked tough on tax havens but his government can’t be taken seriously on tax justice. Here are 4 reasons why

The Left Economics Advisory Panel lists these reasons:

Maude wants the UK to be a tax haven

In 2012, Cabinet Office minister Francis Maude said it was a“compliment for” for the UK to be described as a tax haven.
George Osborne slashing taxes for big business and the rich

A hallmark of a tax haven is low or minimal tax rates. Corporation tax has been slashed from 52% in 1979 to 23% now, and chancellor George Osborne aims to lower it to 20% by 2015.
Many government ministers’ wealth is based on tax avoidance and evasion

As Guardian investigations have proven in the case of Cameron’s family fortune, and Channel 4’s Dispatches showed in the case of Osborne, Andrew Mitchell, and Phillip Hammond.
You can’t collect taxes without the resources to do it

Combined the annual tax gap is estimated at £120 billion. Yet the government is slashing HMRC’s resources.

For a serious look at tax justice, see taxjustice.net

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2 Comments

jeffrey davies August 22, 2014 at 1:22 pm - Reply

when you have the crooks in power their only thought is greed and those on welfare are just like that bit of s*** on their shoes yet labour isnt labour so who does one vote for it seems being crooked is good for you
WOMEN'S PENSION 60. AGAINST TAX ALLOWANCE LOSS 65 / PENSION LOSS WIDOWS, HOUSEWIVES, POOR WORKERS August 24, 2014 at 2:15 pm - Reply

The biggest myth is that the working poor, unemployed, and pensioners are a burden on the taxpayer, as pay little or no income tax.

Income tax is not the source of the state pension, another myth busted.

The state pension is fully funded from the ring fenced National Insurance Fund, that has been full for decades not needing a top from tax.