The British tax authorities were accused by MPs yesterday of conniving with big businesses to help them avoid paying their tax. The biggest culprit appears to be Vodaphone - there are claims they have had up to £8 billions in tax written off by Her Majesty's Revenue & Customs - they deny this, but whatever the truth, they have been given a whole 5 years to pay £1.25 billion in long overdue, unpaid tax - with no interest to pay!
The head of the HMRC meantime, has enjoyed on average of one meal per week with the owners of the very businesses he is meant to be chasing up to pay their tax. I'm sure it was always a very tense soup course. We should be thankful that the activist group UKuncut is pursuing legal action to make big business pay its taxes - though it looks like it will be in for a long haul.
In total, HMRC has written off around £27 billions of tax due but not paid by corporations in the UK. Worse still though it that when you take into account the tax lost through legal but highly unethical methods like moving money offshore, the loss to the Treasury rises to around £75 billions or even more. This includes the family trust fund of the Chancellor of the Exchequer, George Osborne, so no conflict of interest there. To put into context, the Government annual deficit for the current year could be cut by nearly 60% if these grasping spivs were made to cough up their due. But somehow they are excused on the basis that it would be damaging to the nation if enforcing their tax payments drove them away - apparently we would no longer have the benefit of their presence.
Really? What a shame. Much better to give disabled kids a hard time instead then.
MAKE THEM PAY!
HELP UK UNCUT FIGHT THE TAX AVOIDERS
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