Tag Archives: G20

Flake on a plane: Theresa May’s mile-high hissy fit

Venom: This is NOT how the scene played out but from the look on Mrs May’s face, you can imagine her leaping across, burying her fangs deep in the interviewer’s fleshy parts and emptying her poison sacs.

Poisonous prime minister Theresa May launched herself into a tantrum at 40,000 feet during a plane flight to the G20 summit, when some poor soul asked whether she would resign if her fudged withdrawal deal fails to win the support of MPs.

Clearly the matter has been preying on the PMs mind because she couldn’t keep her cool.

According to the Mirror, Mrs May had a “mid-air meltdown”, the most lucid part of which went as follows: “Look, I have been asked these sorts of questions before.”

In that case, she should be used to them and they shouldn’t upset her, right?

“I am tempted to think that actually the price of coming on one of these trips is asking questions about my future, because they come up every time – and my answers aren’t going to change.”

The problem is, her answers don’t make any sense. The report states that she was “refusing to rule out resigning”, which means the didn’t say she’d stay and didn’t say she’d go.

In other words, it was another fudge:

Perhaps Mrs May had seen Tracey Ullman’s parody before taking her flight.

But will her Brexit fudge be enough to keep Mrs May in her job?

The smart money says, “No.”

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Toughen international tax laws, says Osborne – ‘cos we won’t in Britain!

Would you trust this man to stop tax evasion and avoidance? No? Good – because he won’t.

George Osborne really thinks we’re all stupid, doesn’t he?

Today he got together with his German counterpart, Wolfgang Schauble, to say co-operation between countries is needed to close loopholes that have allowed high-profile firms like Starbucks and Google to pay next to nothing in Corporation Tax.

They told a G20 meeting of finance ministers in Mexico to help identify possible gaps in tax laws.

Just wait one nit-picking moment, Mr 0!

I remember an article by the great George Monbiot (who happens to be almost a neighbour of mine) about the effects of a couple of minor adjustments to the tax acts of 1988 and 2009 – that meant companies in the UK pay nothing at all on money made by their foreign branches and may claim the expense of funding their foreign branches against tax paid in the UK.

The measures meant any UK company that did not outsource its staff or funnel its earnings through a tax haven would find itself at a competitive disadvantage.

So you see Starbucks and Google have been doing (more or less) exactly what these changes in UK tax law intended them to do – and Gideon’s pose with Schauble is just so much hot air and posturing.

Mr Monbiot went on to say the following: “Our political system protects and enriches a fantastically wealthy elite, much of whose money is, as a result of their interesting tax and transfer arrangements, in effect stolen from poorer countries, and poorer citizens of their own countries.

“Ours is a semi-criminal money-laundering economy, legitimised by the pomp of the lord mayor’s show and multiple layers of defence in government. Politically irrelevant, economically invisible, the rest of us inhabit the margins of the system.

“Governments ensure that we are thrown enough scraps to keep us quiet, while the ultra-rich get on with the serious business of looting the global economy and crushing attempts to hold them to account.”

Not only is Mr 0 shafting us (and by “us” I include anyone with a business that isn’t big enough to indulge in the shady practices listed above); he’s passing the buck onto Johnny Foreigner to put things right (in the certain knowledge that it isn’t going to happen).

Well, Gideon, that’s just too bad because I reckon I’ve caught you red-handed.