15 November 2017

Getting cynical in my old age.

I have no doubt that Ms Hodge's request will be granted, in that the Chancellor will indeed address the issue of tax avoidance in his budget:
The senior Labour MP Margaret Hodge has called on Philip Hammond to use his budget to deal with tax avoidance by the rich and powerful “on an industrial scale” as exposed by the Paradise Papers and other leaks from tax havens.
The former chair of the Commons public accounts watchdog said tax avoidance had become too widespread among the wealthy and called on the chancellor to legislate to force tax transparency on UK crown dependencies.
“The actions and the culture of powerful large corporations and of the wealthiest in our society as revealed in the Paradise Papers constitute a national and international disgrace,” she said. 
“What we have learned is that tax avoidance is not just a trivial irritant practised by a small number of greedy individuals and global corporations. It is the widely accepted behaviour of too many of those who are rich and influential.
After all, successive chancellors - in every budget I can remember - have claimed that they will deal with excessive tax avoidance.  The problem is that none of their efforts ever seem to bear serious fruit.  I do not expect it to be any different this time around.

Especially because this is the government that last week sought to water down EU efforts to crack down on corporate tax havens.

 

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