Re: Corbyn Makes An Arse Of Himself Again - Tax Dodging
"This time old Compo, "Jezbollah" Corbyn has tried to single out tax dodgers because he obviously thinks that will garner votes from the poorer in society. With the so-called "Paradise Papers" he has decried the wealthy who avoid British taxation by using offshore tax havens saying that the shortfall created has to be picked up by UK tax payers. He spouted all the predictable rhetoric about taxes being good and something we should also take responsibility for because it funds our services, hospitals, buses etc etc."
It turns out that quite a few MPs of all colours are using Jersey for their tax-avoidance schemes even arch pinko Leftie John McDOnnell has his pension fund invested in off-shore accounts.
Taken from the Financial Times......
"Please use the sharing tools found via the email icon at the top of articles. Copying articles to share with others is a breach of
FT.com T&Cs and
Copyright Policy. Email
licensing@ft.com to buy additional rights. Subscribers may share up to 10 or 20 articles per month using the gift article service. More information can be
found here.
https://www.ft.com/content/563ea65e-...b-322b2cb39656
The parliamentary pension fund’s annual report for 2015-16 lists three big US tech companies among its 20 biggest individual shareholdings. It has invested £2.5m in Google, £1.9m in Apple and another £1.9m in Amazon. All three tech giants have repeatedly been criticised by British politicians for their tax structures. A Commons spokesman said the Parliamentary Contributory Pension Fund was “like many pension funds” invested in property vehicles in various jurisdictions. “Some funds are domiciled offshore to enable investors from different countries to invest in the same fund, and also to prevent double taxation,” he said. “Investors in these funds are responsible for paying any tax owed arising from either income or capital gains in the usual fashion, unless they are held within a pension fund or another lawful tax-exempt structure.” Last year Theresa May called for a national conversation on tax, saying: “It doesn’t matter to me whether you’re Amazon, Google or Starbucks: you have a duty to put something back, you have a debt to your fellow citizens, you have a responsibility to pay your taxes . . . I will crack down on individual and corporate tax avoidance and evasion.” Other investments by the MPs’ pension fund include £5.6m in tobacco group BAT and £5.6m in BP, the oil company, as well as £5m in fellow oil company Royal Dutch Shell. Deborah Arnott, chief executive of ASH, the anti-tobacco group, said MPs would be “disturbed” to see that their pension fund was investing in an industry that “causes so much preventable illness and misery”. The fund started listing its biggest 20 holdings only after a campaign led by Caroline Lucas, leader of the Green party, along with ShareAction, Client Earth and the Divest Parliament campaign. Ms Lucas, backed by Labour’s Ed Miliband and Barry Gardiner, has primarily sought to make the fund end its investment in fossil fuels — so far unsuccessfully. Ms Lucas said on Tuesday that the pension scheme was “not fit for purpose”. “MPs should be leading the way when it comes to transparency and ethical behaviour, yet the opaque nature of our pension scheme means that efforts at cleaning up our investments are frustrated at every turn,” she said. “Pension power can be put to good use, but not if the trustees of schemes run closed shops and refuse to engage with the beneficiaries.”
John McDonnell, the shadow chancellor, called on Monday for a full public inquiry into tax avoidance and evasion both “on and offshore”. “Please understand the public anger and consternation at the scale of tax avoidance revealed yet again today,” he said. A Labour spokesperson said Mr McDonnell is in the pension scheme. A spokesperson declined to say on Monday whether Mr Corbyn is in the scheme."
A total set of hypocrites, every man jack of them.