Most of the debate on the present capitalist system and its current problems, that we get on that babbling brook of bullshit, the mainstream media, is about how to modify the anomalies and glitches in the system. What is never on there radar is the fact that the system is inherently corrupt and beyond correction. All their debate and arguments seem to flow from the illusionary point of view that there was a time when capitalism was a fair and just system, and all we have to do is get back to those good old days and everything will be just fine. It never was a fair and just system, it never can be, it is based on someone useing others to get richer than them. It has nothing to do with providing a service, that may be, but not necessarily so, a bye product, but it is not the aim.
Read the full article HERE:
The biggest loophole is capitalism itselfAs austerity deepens, with spending cuts stretching into the far horizon, there is a renewed focus on the tax that corporations pay, or rather don’t pay. Some argue that if they paid their “fair share”, cuts in services like health and care would not be so severe.
Others like Richard Murphy of Tax Research UK, go further, claiming that "if only more had been done to tackle rampant tax evasion, Europe would not be facing a crisis today." It’s an attractive – but ultimately misleading – theory that would seem to solve the problem of public finances and the economic crisis at a stroke.
Tax avoidance by the major corporations is an obvious target, so much so that MPs last week called names like Starbucks and Amazon to explain themselves before the Commons public accounts committee.
Chancellor George Osborne has even dedicated some funding to allow Her Majesty’s Revenue and Customs to chase the worst abusers and close loopholes. He even described tax evasion as “morally repugnant”. But it’s making no impact.
While individuals and small firms are hounded by HMRC with some success, the major transnational corporations continue to run rings around the government, as the PAC found out.
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