On Thursday I obtained under the backbench business committee procedure a 3-hour debate on the floor of the House on tax avoidance. It was good timing because the next day marked the end of the Goverment’s consultation on its proposal for a GAAR (General Anti-Abuse Rule), and the debate centred around the relative merits of […]
Posts Tagged ‘Tax avoidance’
Bank bosses, it seems, like the police are never guilty
Aug 20th, 2012 by Michael Meacher.So who instructed Barclays to reduce its submissions to LIBOR, the London inter-bank offer rate which the Economist recently estimated underpins contracts worldwide worth over £60 trillions? On this rather crucial question the Treasury Select Committee has done a fudge. The answer apparently is – nobody. Del Missier, the chief operating officer at Barclays, admitted he […]
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High street horrors
Aug 2nd, 2012 by Lucy Reese.You’ll be pleased to know that I reconsidered buying a pair of very short shorts in Topshop yesterday – only to go online and buy a pair from George at Asda instead. I buy a lot from George – especially for the boys. It’s cheap – why it’s so cheap is a matter I choose not to dwell on. Asda may not be owned by Green – unlike Miss Selfridge or Dorothy Perkins – but it is owned by Wal Mart, another liberal bugbear, who you can see are not very nice.
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Gauke’s ‘morally wrong’ to pay plumbers cash ignores real super-rich tax evaders
Aug 1st, 2012 by Michael Meacher.Who’s ever heard of David Gauke, the junior Treasury minister, before he announced the other day that paying tradesmen cash in hand was “morally wrong” because it denied the Treasury vital funds and everyone else would then have to pay more tax. His only previous claim to fame is that he claimed £10,000 expenses when […]
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Buffet’s Law and why we need it here
Sep 20th, 2011 by Richard Murphy.Buffett’s law is an idea gaining traction in the USA. Of course it is wrong that billionaires pay less tax on their overall income than their secretarial staff. The question is what do we do about it? There are remarkably simple solutions, all of which suit the tax simplification agenda.
