Category Archives: Taxation
In an earlier post Political Concern reported that 2.6 million women born in the 1950s will ‘lose out’ because of changes to pension law: “while corporations and the richest individuals receive tax breaks.“
“Governments are balancing budgets on the backs of the poor”- (lawyer/novelist John Grisham)
One, the Chorley Supporters Group, is denouncing the government who arbitrarily told them to work for several extra years before they can claim their state pensions, causing them to lose income and peace of mind and obliging many to continue to work at a time of life when caring duties increase and energy levels start to fall. Read more in the Lancashire Evening Post.
Writing to the Financial Times they say: “It is about time the spotlight was turned on this government, which has effectively stolen the security net of millions of women by raising the state pension age far quicker than planned, with no personal notification”.
On the BBC’s World at One programme one of many testimonies was given:
Stella Taylor: “I was born in 1955, I had worked all of my life and, when I became unwell at just about the age of 58 I then discovered, quite accidentally, that my State Pension, which I was expecting to receive at 60, had been moved six whole years to sixty-six. And, like so many women in this movement, we were just aghast. We thought there must be a mistake. Had I received my pension at sixty, when I had expected to, I wouldn’t have been wealthy by anybody’s standards, but I wouldn’t have been in the depths of poverty that I now am. At the moment, because I am still unable to work due to ill health, I receive seventy three pounds and ten pence per week in Employment Support Allowance. Living, and paying all your household bills, out of that £73 a week is impossible. There are times when I have needed to use my local food bank because I haven’t been able to afford groceries.” More testimonies here.
On February 10ththe BBC reported the warning of Amber Rudd, the pensions secretary, which should be extended to her own department:
”If you chronically mismanage a pension scheme . . . we’re coming for you.”
After pointing out that a freedom of information request has revealed recent research findings that the government reneged on their contributions to the national insurance fund over many years and redirected that money towards paying off the national debt, the Chorley Supporters Group asks:
“How government can expect other public or private institutions in this country to play fair with pension funds when it is not doing so itself”.
On February 11th, the government published a research briefing on the legislation increasing the State Pension age for women born in the 1950s. up
This unexpected rise in the state pension age will now “save” the Treasury an estimated £8bn by impoverishing 1950s women.
MP Grahame Morris pointed out that the Labour Party, Liberal Democrats, SNP, Plaid Cymru, the DUP and 50 Conservative MPs support the Waspi campaign.
He added that Landman Economics’ report gives the figure of £8bn savings to government and suggests that this sum should be seen in the wider context of current or planned government finance. Some examples follow: (Ed: links added):
- The refurbishing of the palace of Westminster, which will cost the taxpayer some £7bn.
- HS2 – total cost, including rolling stock, £55.7 billion in 2015 prices – 2018 parliamentary research briefing.
- Britain’s six-hour bombing airstrikes in Syria, which each cost £508,000 or a year’s average salary for 18 junior doctors.
- An estimated £8.7bn of the health service budget which went to non-NHS providers of care in 2017-18.
- Billions of pounds which were lost to government following its progressive cuts to the bank levy.
FT Adviser reports that SNP MP Mhairi Black earlier pointed out that the National Insurance Fund is projected to have a substantial surplus at the end of 2017 to 2018 and the HMRC’s report confirms that the National Insurance Fund balance at 31 March 2018 was £24.2 billion and is expected to increase in the following year.
Morris ends: “In this context, finding the money for Waspi women seems a sensible price to pay to give these women justice . . . We know and we can see that it isn’t equal, it isn’t fair and it isn’t justifiable – it’s driving down the incomes and the quality of life of countless women”.
Next June the government faces a judicial review in the High Court to determine whether these recent increases to women’s state pension age are lawful and the Chorley Supporters Group, Chrissie Fuller, Jane Morwood, Betty Ann Tucker, Riley Ann Rochester, Beverley Cordwell, Lea Butler and Lesley Kirkham end by warning that they will not rest until justice is done.
It’s that time of year again, or more accurately one of those two times of year. The time when the right-wing media works itself into a frenzy over perceived slights against Christianity.
Steve Beauchampé points out that the Daily Telegraph, in a move made to bolster profits, forces many of its staff to work producing a paper on Easter Sunday (and Christmas Day), just as it expects newsagents to open on Easter Sunday to sell that day’s version of the Telegraph and help to raise those profits and the remuneration paid to its senior staff.
Despite this it feels able to ‘froth at the mouth’, claiming that the National Trust was ‘airbrushing’ Easter’. He highlights the ‘faux anger’ generated by a joint National Trust/Cadbury event called the Great Egg Hunt (omitting the word Easter) – the National Trust website, though it uses the word Easter 13,000 times, and because one of Cadburys best-selling products is called a creme egg – not a creme Easter egg.
Meanwhile Prime Minister Theresa May finds time in her busy schedule of hawking arms and British military expertise to the tyrannical rulers of Oman, Jordan and the daddy of all despots, Saudi Arabia, to call the absence of the word Easter in the NT/Cadbury promotion “absolutely ridiculous”.
This, as she should be saying: “the United Kingdom is in danger of fracturing apart and Sturgeon’s running rings around me, I’ve got a generally weak hand to play in the Brexit negotiations whatever Duncan-Smith tells you and I daren’t lose Gibraltar because it’s a British military base and one of our numerous off-shore tax havens, particularly attractive to casinos …and you’re bothering me with this!!?”
The Daily Telegraph is bothered about the word Easter being missed off the title of a children’s hunt for chocolate eggs:
- one week after the UK served notification of its intention to leave the EU,
- a senior Tory has suggested that we might go to war with Spain,
- our Trade Secretary is in the Philippines meeting the self-confessed killer President Duterte and speaking of the two nations’ shared values’,
- the Chancellor is offering India access to our potentially low tax, low regulation banking sector
- and Theresa May is off selling yet more weapons to middle east dictators (she must be on commission with BAE Systems!).
Beauchampé’s final comment: “Nice to see the pro-government wing of the Third Estate getting their priorities right”.
First published in the BirminghamPress.com: http://thebirminghampress.com/2017/04/chocolate-weapons-and-war/ . Republished in https://politicalcleanup.wordpress.com/political-barbs/chocolate-weapons-and-war/
Molly Scott Cato MEP: Theresa May has triggered Article 50, formally notifying our European partners that we’re leaving the EU
The decision to leave the EU is the most destructive political decision of my lifetime. It sets us on a dangerous path towards extreme Brexit and will leave our country isolated, impoverished, and more divided than ever I can remember.
Brexit is likely to prove catastrophic for our businesses, particularly SMEs and for the environment and lead to confusion and distress for many people.
For these reasons I cannot support triggering Article 50 and it is why I have set out, along with my fellow Green MEPs Jean Lambert and Keith Taylor, five Green Guarantees that must be met to ensure social, economic and environmental justice post-Brexit.
“Tens of thousands of our cleverest minds are engaged in the utterly unproductive activity of advising their clients how to avoid tax”: Edward Lucas, The Economist
This site has recorded far more instances of rewards for ethical, commercial or financial failures but the editor stopped searching at 29. A typical example filed two years ago stars Lin Homer and John Manzoni. Another example – The message: in Britain you can break the law or be colossally inefficient and yet still be promoted and/or rewarded: “Former MP Jacqui Smith, who lost her Redditch seat after being involved in an expenses scandal has been appointed chair of University Hospitals Birmingham NHS Trust. Edgbaston MP Gisela Stuart was quoted in the Birmingham Post at the time as saying “It looks to me as if we are rewarding failure and I have raised this with the Health Secretary”. A few covered on this site were: Goldman Sachs, Dave Hartnett, London Midlands Rail and Hector Sants.”
“My thrifty delight in collecting stamps on my Café Nero loyalty cards used to be a joke in my family. When I discovered last year that the company hadn’t paid corporation tax since 2008, I collected my accumulated four free coffees with a snarl, and have not darkened its doors since. I don’t go to Starbucks either, and use tax-dodging companies such as Amazon and Facebook with a heavy heart. It’s not just that these companies abuse loopholes in our tax regime: it’s that our government colludes with them — as demonstrated by last week’s sweetheart deal between George Osborne and Google”.
“By creating a climate of favouritism, coupled with occasional bouts of public shaming, we debase our collective tax morality. As I hunt for missing dividend slips and tot up my expenses for my own tax return, my diligence and honesty are not encouraged by the feeling that all this is optional: were I only a million times richer, I would have a nice lunch with HMRC or the chancellor himself, and sort out a deal that makes us both look good”.
“A good tax system is simple, sweeping and severe. There should be no room for lobbying by the powerful; nor should politicians be able to dole out favours to companies or activities that they want to encourage . . . Other countries do it better. I used to live in Estonia, which boasts one of the best and simplest tax systems in the world.
Ed: see http://www.emta.ee/?id=29268
Corporate profits and individual income are taxed at a flat 21%. Your tax return appears on your computer screen with almost everything already filled in (Estonia is a pioneer in e-government) . . . Estonia spends only 0.34% of its tax take on collection and administration. We spend more than twice that”.
Edward Lucas concludes that it may not be possible to adopt Estonia’s system overnight, but any attempt to make Britain’s tax system flatter, simpler and broader will bring benefits. Tax lawyers and accountants are all but unknown in Estonia, because a system with almost no loopholes gives them no scope. And though the tax industry will hate it, “their howls of protest will be the best sign that the policy is succeeding”.
His reference to land taxation has been published on the Thomas Attwood site– together with a link to Martin Wolf’s presentation on monetary reform to the Economic Affairs Committee. One reader comments that a flat tax is unjust to the poorest.