Corporations the worst offshore tax offenders

There was something dishonest about the way news of the Panama papers was presented to us by the mainstream media. The first thing we were treated to were insights into the financial arrangements of Valdimir Putin and some top officials of the Chinese Communist Party. It was only later that we began the hear about David Cameron’s dad’s offshore dealings and the possibility that our Prime Minister may have been involved in tax avoidance in the past. After that leaders of all the major political parties were forced to publish their tax returns. So what is it about the words … Continue reading Corporations the worst offshore tax offenders

Austerity: a fancy word for class war

The business secretary, Sajid Javid, has ruled out nationalisation for Britain’s ailing steel industry. On the other hand, when the banks were in trouble in 2007, state aid was lavished upon them in mind-boggling quantities. In the period from 2007 to 2010, the British taxpayer directly subsidised the banks to the tune of £1,162 billion. Try thinking about that for a second. That’s one thousand, one hundred and sixty two thousand million; or one thousand, one hundred and sixty two followed by nine noughts. It’s a huge number. So huge, in fact, that it’s almost impossible to imagine it. But … Continue reading Austerity: a fancy word for class war