Posts Tagged ‘Stamp Duty’

Tax lawyers make monkeys out of the government

by Michael Meacher.

As John McEnroe famously said at Wimbledon, ‘You cannot be serious?’ How can Osborne pretend he’s serious about saying ‘aggressive tax avoidance’ is ‘morally repugnant’ when a mere 2 weeks after his budget imposing a 15% stamp duty rate on tax avoiders who put expensive property in an offshore company (so that when they sell, […]

Offshore tax-dodging makes a farce of austerity

by Michael Meacher.

A Land Registry inventory of title deeds, just published, is yet another piece of evidence revealing the hypocrisy of Osborne’s “we’re all in it together” in austerity. What it shows is that in just two central London boroughs the ownership of property worth £88.5bn has been transferred offshore to escape payment of stamp duty and […]

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