Recent figures show
that the corporate world are continuing their greed driven trend of
shuffling profits to “tax havens” (fiddling bases). While lifting
those profits from the people of UK, they refuse to pay the UK
citizens there fair dues through the medium of tax. As
company profits continue to rise, their tax returns continue to fall.
This is a situation that can only be found in large corporate
businesses, it just doesn't happen in smaller concerns or with
employees income. It is all the result of our millionaire cabal
residing in the Westminster Houses of Hypocrisy and Corruption
creating a corporate friendly environment for their millionaire
corporate buddies at the expense of you and I.
A recent Reuters
analysis of official figures shows that large companies in the UK now
pay less tax than they did 12 years ago. The corporation tax figures
for the year 2011/12 show that large companies paid just £21
billion, this a 21% decrease since 2000.01. The Office of National
Statistics states that during the same period the gross operating
surplus for all companies in the UK rose by 65% to £329 billion.
They also verify that tax receipts from small companies and personal
income tax rose over the same period.
As the UK GDP
grew over the period 2000/12 by 55% and company surplus earnings grew
by 65% and their tax payments fell by 21%, it is obvious that they
“are at it” as one might say. All that discrepancy in what they
should pay and what they actually pay is hived off to shareholders
bonuses, to fat cats bank accounts. In the meantime, you and I, who
pay our full whack of taxes are being hit by cuts in our standard of
living, cuts in education, health and all essential social services.
The poor and vulnerable are being penalised with cuts in benefits,
and the mantra from our millionaire Oxbridge Honourable Gentlemen is,
“We can't afford it”. Which translates into, “We have to give
our banker millionaire friends all your money.”
"We can't afford to pay any more tax, it would be bad for business."
So as you count
your pennies to try and manage to eat and feed your family, those tax
dodging, sorry, tax avoidance, fat cats are glancing through the
latest yacht catalogue, or perhaps considering another villa in Bermuda. That is
the system that we carry on our backs, we work, we pay our taxes, we
scrimp and scrap, they avoid paying tax, and live in the lap of
luxury. It's called capitalism, like it?
