Friday, 31 January 2020

Cayman-on-Thames




"Britain is the most corrupt country in the world.” 

Roberto Saviano, anti-Mafia lawyer


“The UK is the world’s greatest enabler of corporate tax avoidance and has done the most to break down the global corporate tax system, accounting for over a third of the world’s corporate tax avoidance.” The Guardian

“Tax havens allow big companies and wealthy individuals to avoid paying their fair share of tax. This hurts people in countries where the taxes should have been paid – often hitting vulnerable people the hardest. Governments that let this happen, through devious tax rates, dodgy schemes and opaque processes, are complicit in a system that makes the rich richer and keeps millions in poverty” Oxfam

The Boris Johnson post-Brexit UK government is accelerating all this. They are working to introduce sweeping tax cuts for corporations and the rich and favourable tax regimes for multi-nationals, the weakening of internationsal anti-money laindering measures and the encouragement of ‘golden visa arrangements’ for international oligarchs.

This is taking place at a time when The European Commissioner for Economic and Financial Affairs, Taxation and Customs. Pierre Moscovici, has declared that: “The current rules for corporate taxation no longer fit the modern context … the tools for ensuring fair tax competition within the EU have reached their limits’.

The EU have begun to introduce new common tax regulations which aim to prevent the erosion of taxable bases in EU countries. 

Our government are not going to mention any of this as they ‘Get Brexit Done.”

Who will be cracking open the champagne tonight?

 

www.davidwilson.org.uk


1 comment: