So here’s an interesting question.
When is it ok to make a lot of money and pay no tax? Seemingly when it suits the government to allow it to happen.
It would appear that “immoral tax arrangements” have been in place for years before the economy spiralled into recession. Now that governments and banks are on their knees, who can they turn to for more cash.
Governments can turn on the tap, to come and milk the middle classes again. Just to remind you, these are the people who pay their taxes on time, send their kids to school, spend and save wisely, pay their car tax, heating bills, school fees, council tax, parking fines, speeding fines, tube fares, bus fares, congestion tax, mortgages….etc etc etc…(nearly all of which increase yearly, by far more than the rate of inflation)
Banks can likewise impose banking fees, on those who have some money on deposit in their accounts, attracting little or no interest and pay all their bills electronically and have been forced to bank online.
BUT wait, now there is a question of morality. Having milked the middle classes, governments are now turning to the very RICH!
These are the people who often have no “fixed” abode, choosing to live in many different countries. They pay little or no tax due to adroitness of their accountants and financial advisors.
Who can governments turn to next? Footballers, ‘celebrities’, TV presenters? Is it immoral to make a lot of money playing football, being an X factor judge, presenting I’m a celebrity?
Is it immoral for Channel 4 to hand out prize money of up to £250,000 daily, TAX FREE on Deal or no Deal? For goodness sake, you don’t even need to be educated as there are no questions to answer!
Fortunately for Mr Osborne and chancellors that will follow him over many decades to come, the list is quite long………
- Morality and Expiring Tax Cuts on the Top 2% (atheistethicist.blogspot.com)
- The Government Is Helpless, Bankrupt and Immoral. (economicnoise.com)
- 25 Questions Society needs to answer before getting out of the Scum Hole (real-agenda.com)
Monday 28th May – We started the week off with the Olympic torch arriving in Gwent. Tens of thousands lined the street, showing their support for the Games, probably because they couldn’t get or afford a ticket?
Tuesday 29th May – A happy day for Bernie Ecclestone as he plans for a forthcoming IPO in Singapore, although this may be delayed due to market conditions. F1, a classic example of tax hypocrisy, courtesy of HMRC.
Wednesday 30th May – In further acts of gross hypocrisy it’s revealed that IMF chief, Christine Lagarde, doesn’t pay any income tax on her salary?? She said that her comments regarding Greece were misunderstood but she didn’t go as far as making an apology. Good thing she’s not appearing on the Greek TV equivalent of “I’m a Celelebrity, get me out of here.”
Thursday 31st May – In more shock news it’s revealed that British banks aren’t lending to small firms. How long did it take to work that out? Fortunately some of the banks are building up cash reserves (taxpayers money), to prepare for the forthcoming financial Armageddon. A comforting thought.
Friday 1st June – In even more shock news, London 2012 Olympic food and drink pricing was revealed this week. Extortion is a word that immediately comes to mind. After failing to supply Londoners with event tickets and revealing that the transport system will be tested to the extreme, you can be assured that if you make it to an event, you can get a pint of beer for £7. Why not treat yourself to fish and chips for £8 while you’re there. Cost of a day out for 2 adults and 2 kids…..probably not much change from £250 (including your tickets) and I think I’m being generous. Looks like I’ll be booking that all inclusive week in Greece this summer?
Have a great Jubilee week!
- Malfunction snuffs out Olympic Torch for the first time (itv.com)
- Rush of Olympic torches for sale on ebay after one ‘fetches £150,000′ (telegraph.co.uk)
- British pubs benefiting from Olympic Torch Relay (premierlinedirect.co.uk)
Like most people, I love a game show. The opportunity for someone to gain fame or a small fortune. Makes great TV and solid entertainment. However, there is something quite unpleasant about the end to this TV show.
The 2 finalists basically have to trust each other, in order to share the spoils. If one or both of them “does the dirty,” one contestant or possible both could end up with nothing.
Such was the case on Saturday evening when one contestant walked away with a prize fund of £100,000
The losing finalist, seemed a little stunned. The family of the winning contestant seemed shocked!
The husband and child of the winning contestant, might just want to sleep with one eye open from now on.
- George Lamb’s ‘Bank Job’ renewed for second run, to return in February (digitalspy.co.uk)
- Who can governments turn to next? Footballers, 'celebrities', TV presenters? wp.me/p2axt5-ss 6 minutes ago
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- BBC News – Apple ‘among largest tax avoiders in US’ – Senate committee #avoidance #tax #commonsense #windfall #taxation May 21, 2013
- Never mind tax havens – the real hidden billions are in company coffers | Richard Seymour | Comment is free | guardian.co.uk May 13, 2013
- Austerity kills, economists warn May 3, 2013
- ‘Sweetheart’ deal between HMRC and Goldman Sachs was struck to save Government embarrassment #disgrace May 3, 2013
- sound advice from the #FCA #interestrates #0 #banks #economy #pensions May 3, 2013