Why has Osborne let us down over offshore tax evasion, again?


Remember back in school, when you were taught that we have laws in place to ensure justice for everybody?

Isn’t it a shame you weren’t taught the facts?

It seems every clearer that laws are written by whoever is rich enough to buy the politicians who enact them – especially in a Conservative, or Conservative-led, government.

So – for example – if you are one of the elite super-rich who, between them, have an alleged £20+ trillion stowed in offshore tax haven bank accounts, you could happily bung a few thousand – or indeed a few hundred thousand – to the Tories to stop their Chancellor from increasing the powers of HM Revenue & Customs to track them down and make them pay their fair share.

That could explain the discrepancy between what Tory Chancellor George Osborne said in April and what he’s saying now.

Back in April, he told us he was consulting on a new criminal offence carrying a possible prison sentence that will ensnare people with undeclared foreign income – even if they did not intend to evade taxes.

Osborne said: “We are changing the balance of the law so the burden of proof falls on those who are hiding their money offshore and we don’t have to prove that they intended to do so.”

“It is totally unacceptable for people not to pay the tax that is due and the message will be clear now with this new criminal offence that if you’re evading tax offshore, there is no safe haven and we will find you.”

What is he saying about it now?

Absolutely nothing.

Instead, the plan to make offshore tax evasion a criminal offence has been quietly dropped from a draft Financial Bill that was published last week.

According to Citywire, Ray McCann, partner at Pinsent Masons, told the Financial Times: “I think that the proposal is now likely to quietly disappear. There is no substance to it [italics mine].”

Perhaps we should be checking for more substantial donations to the Conservative Party, between April and today’s date, instead.

Follow me on Twitter: @MidWalesMike

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  1. baronesslewis December 14, 2014 at 12:58 am - Reply

    Yes I agree most ppl don’t realise how the law is made. Perhaps if they did they would realise how important it is to vote.

  2. Jeffery Davies December 14, 2014 at 7:21 am - Reply

    Only the plebs pay tax those with a bit more well protected by
    the tories backhanders warmly recieved and jobs of course

  3. marcusdemowbray December 14, 2014 at 9:00 am - Reply

    At the time of the Olympics the scandal of Tax Avoidance was running high, especially when Amazon, Starbucks etc all had “interesting” tax arrangements and Olympics corporate sponsors did not have to pay tax on all the earnings at the Games. Osborne and CaMoron BOTH promised publicly that they would take immediate action on Tax Avoidance. It is one thing to be stupid and incompetent, but deceit is a whole lot worse.

  4. philipburdekin December 14, 2014 at 12:56 pm - Reply

    The TORIES are just arseholes and terrified of those with money, so they always take the easy option, chase those who have little and take as much as they can from the less well off.

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