Tag Archives: avoiding

Scotland joins Wales to ban Covid-19 support to firms based in tax havens

Registered in a tax haven? Then no tax-funded help for you: there’s no reason the UK should give tax-dodging firms a hand during the coronavirus crisis if they haven’t paid their full dues. Wales and Scotland have made this clear; let’s see Westminster do the same.

Quite right too. If you’ve opted out of paying tax when the going was easy, then you can’t try to get help from the taxpayer in hard times.

Has the Tory government in Westminster made this decision yet?

The Scottish parliament has voted to block companies based in tax havens from using millions of pounds in coronavirus relief funding, in emergency legislation.

MSPs approved measures on Wednesday night brokered by the Scottish Greens to prohibit firms or individuals who are registered in tax havens, or are a subsidiary of an offshore company, from getting support grants.

The vote follows similar decisions by the Welsh government last week and by other EU member states, including Denmark and France, but ministers have yet to say how much Scottish government spending will be affected or how it will be enforced.

It is thought it could prevent companies with offshore links from applying to a new £120m enterprise resilience fund that provides grants for small- and medium-sized firms, and a £30m creative, tourism and hospitality bailout fund for firms that cannot get business rates relief.

The Welsh government blocked companies with headquarters in a tax haven from accessing its £500m economic resilience fund on 15 May. Ministers in Cardiff said last week it would affect a small number of companies.

Source: Scotland bans Covid-19 support to firms based in tax havens | Politics | The Guardian

Britain’s richest are even better-off – but how did they get that way?


The Sunday Times Rich List has confirmed what some of us have been saying for years – that Austerity has funnelled Britain’s money into the hands of a very few, very selfish people.

The 1,000 richest Britons now own one-third of the nation’s gross domestic product, with their combined wealth rising from last year’s total of £449,654,000,000 to £518,975,000,000.

That’s an increase of 15.4 per cent, an average rise of £69,321,000 each and an average income of 518,975,000.

Average wages in the UK are stagnant at around £26,500, with average pay for the lowest earners having fallen by 14 per cent since David Cameron’s Tory government got its nose in the trough in 2010.

There are only two points to make from this.

Firstly, bearing in mind Gary Barlow’s recent appearances in the news for taking part in a tax avoidance scheme: How many of these 1,000 very rich people are participants in the same or similar – legal – procedures for avoiding tax? How many of them pay the full 45 per cent and how many only throw one per cent into the national pot (from which they get as many public services as the rest of us)?

Secondly, bearing in mind that many of these people take their money from very large corporations who employ very many people, how many of them pay very low wages to their employees?

The answers should provide enlightenment – not only on these people and their reasons for living in Britain, but on the policies of a government that intentionally impoverishes the defenceless in order to make this country more attractive to these fellow parasites.