06 November 2012

Nothing ever happens

When I hear, once again, that the government is going to do something about tax avoidance and evasion, I can only metaphorically shrug my shoulders.  It's not as if transfer pricing is a new concept.  If the government really wanted to do something about it, they could have taken effective action decades ago.

Furthermore, the UK's hands are dirtier than most.  Why, do you suppose, the big British multi-national companies - from oil companies to banks to grocers - have subsidiaries located in the Caymans or the Bahamas?  And who is it that protects the offshore tax status of crown dependencies in the West Indies, the Channel Islands, the Isle of Man and so on?  Meanwhile, Slasher Osborne and his chums systematically destroy the resources of HMRC through so-called efficiency gains, job cuts and office closures.

I refer you to the Del Amitri song, Nothing Ever Happens:
Bill hoardings advertise products that nobody needs 
While angry from Manchester writes to complain about 
All the repeats on T.V. 
And computer terminals report some gains 
On the values of copper and tin 
While American businessmen snap up Van Goghs 
For the price of a hospital wing 

Nothing ever happens, nothing happens at all 
The needle returns to the start of the song 
And we all sing along like before 
Nothing ever happens, nothing happens at all 
They'll burn down the synagogues at six o'clock 
And we'll all go along like before 


No comments: