Tax break for referendum campaign donors is nothing less than theft

Brexit-backing Arron Banks, seen here with Nigel Farage, donated £8.1m to his Leave.EU campaign group [Image: Matt Cardy/Getty Images].

“This is theft. They buy control of our country, then get tax relief on their investment.”

Damn straight.

This Writer can’t help but agree with ‘Brexit Job Losses’ (@MrHickmott).

All you have to do is look at the list of beneficiaries from this proposed law change. None of them are short of a few pennies.

And how many are looking forward to cashing in on Brexit?

Brexit-backing MPs as well as counterparts from the remain campaign have backed a controversial measure to extend a tax break to referendum campaign donors, after several billionaire donors received large demands from HMRC.

The shadow chief secretary to the Treasury, Peter Dowd, criticised the proposed amendment to the finance bill from prominent leave campaigners Charlie Elphicke, Jacob Rees-Mogg and Iain Duncan Smith, but which has also been backed by Labour MPs and remain supporters Alison McGovern and Caroline Flint.

It would extend a tax exemption for political parties to referendum campaigns – backdating it to cover the EU referendum.

Last month it was revealed that several prominent leave campaigners who donated large sums to the Brexit campaigns during the 2016 referendum received substantial tax demands from HMRC.

HMRC said it had applied the law equally across all donors, but senior UK cabinet ministers Boris Johnson and Michael Gove expressed concerns about the demands.

Source: MPs on both sides back tax break for referendum campaign donors | Politics | The Guardian

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2 thoughts on “Tax break for referendum campaign donors is nothing less than theft

  1. Barry Davies

    So HMRC have taxed Cameron for using tax payers money on the pro eu propaganda leaflet ‘true facts” then? No thought not although it illegally took remains spending way over the allowed amount for the campaigns.

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