George Osborne is shocked at just how much rich people don’t pay in tax? Fuck off George! You pulled a tax dodge yourself with your inheritance from daddy! Don’t you remember George, your father gave you £4million in a trust fund, cos that way it’s not subject to inheritance tax, which it should have been cos that’s what it is! Saved yourself a good 1.5million quid there George!
Then again, maybe he’s telling the truth, and he genuinely had no clue that you could set the income tax rate at 0.01% for people earning more than £100,000, they’d still find a way of getting out of paying it! If only there was some sort of collective, a co-operative if you will, of citizens who volunteered themselves and their time to highlight Tax Dodging and how much it cost our economy.
I wonder what you would even call such a community group! GB DeSliced? Oh well hopefully someone will come up with something now that George has pointed out to everyone just how much rich people like to avoid paying tax.
Of course, if George is telling the truth, and really is clueless about just how much tax avoidance and evasion goes on in the UK, then just how crap was the ludicrously expensive education his dad paid for? What else is out there in this expansive world that would shock poor George?
Easter Sunday morning was a bummer for poor George. (FFS no-one mention Santa!)
(FFS no-one mention Santa!)
George wasn’t best pleased when he found out there was no such thing as the Baby Stork!
He was really upset when he found out that Rose and Jack weren’t real people.
Although I was not shocked when people started admitting on Twitter this week that they actually didn’t know the Titanic was an actual ship, that actually sank!
Our education system has been fucked from behind by entertainment! But that’s for another blog posting.
Here’s George finding out he may have been felt up in France once.
I’ll add more Educating Osborne’s as time goes by. Mainly cos it’s fun for my brain, and also cos it’s making fun of a dickhead.
There is a huge element of politics in this one though. The talk of George being shocked at all this tax dodging, well it was spun a bit to sound like he’s actually going to tackle this. He could well be trying to get the message out to the public that the Government are going to deal with tax dodgers. Once they start believing that they are working on the problem, they’ll also convince everyone that UK Uncut are no longer needed. It’s a ludicrous idea, which would never work. But if he manages to divide up the nation on it, with some actually trusting that they are doing something about the mess, then it’ll give the Tories some more breathing room. It may also help to calm the nerves of the ‘working classes’ who won’t feel so bad paying an extra 20% for a hot sausage roll. Or make working families think it’s not such a big deal that they are losing £500 a year when their tax credits vanish. And calm down all those old people who have to work part time at B&Q aged 73 because a) Their pension isn’t worth what it was 10yrs ago, and b) They are now paying an extra £57 a month income tax thanks to being shafted in favour of people earning £150,000 a year.
He’s closed maybe 7 or 8 tax loopholes, out of around 14,000 or so. He’s cut corporation tax, Income tax for highest earners, business taxes, Employer National insurance contributions, and in the process of other “Open for Business” bullshit smuggled into the slashing budgets, he’s opened another 7 or 8 tax loopholes with crappy enterprise zones and shit like that. He’s done more for rich people and big corporations than he’s done for the vast majority of the working public and smaller businesses. At the same time, the rest of his crony cabinet pals have worked on ways to sell off everything we own in the public sector, and cut the number of staff at the places they can’t privatise. They’ve also financially benefited from his tax changes in the last budget.
I didn’t believe George was shocked that rich people paid virtually no tax, and I don’t believe he’ll do a fucking thing about it.
The Tax Expert Richard Murphy agrees.
No one in their right minds thought tax avoidance a minor issue.
No one who thought about it for long thought tax avoidance could be as low as HMRC claimed.
No one certainly believed that tax avoidance could be only £1.5 billion a year by individuals when oddly the Revenue could find £6 billion of it to suddenly justify cutting the 50p tax rate.
And no one, not anyone, believed George Osborne was surprised by tax avoidance on the tax returns of very high net worth individuals. They thought they might have been stupid to claim he was. They might even think that if was surprised he had not done the basic research that made him fit to do the job. But they weren’t surprised by that either.
Richard also has checked out Osborne’s all new “General Anti-Avoidance Rule” or GAAR, which he says
“won’t do what it says on the tin.”
Because it won’t. Richard received a letter from The Association of Revenue and Customs, which is basically all the big bosses at HMRC, and they’ve said that not only will the new GAAR NOT prevent tax avoidance, it will actually help encourage it. Read the full blog here.
But as it turns out, there is one point where George has actually got it right. Now even I’m shocked to admit that one, but when it comes to the charitable giving tax relief clause, it’s right that it should be shutdown! When ordinary folks give a tenner to charity, and we tick that little box to add the “Gift-Aid”, the charity can claim the tax we paid on that ten pounds, back from HMRC. But when the über rich donate a million quid to charity, they claim tax relief on the whole million, and the only one that benefits is the donor, i.e. themselves!
While a major backlash is going on across the country, the voices of reason are being drowned out by calls that Osborne is screwing charities, because rich folks have said they will have to stop making major donations, because it’ll cost them too much!
Are they having a laugh?
So they are willing to give a million to charity, but won’t give a million if it means they have to pay some tax on that to the treasury at the same time? Hell, Osborne has even given them some room on this one, by allowing them a cap. 25% of their total earnings can still be donated to charity and they can claim tax relief on it. I don’t see folks on PAYE getting the same deal. No, we get something even better. We get to ‘Gift’ the tax we’ve already paid over to the charity, as well as what we’ve already given! Not one bit of that deal makes us think of ourselves, other than that good feeling that we’ve helped someone else out of the goodness of our hearts!
So all these alleged rich folks contacting charities and telling them they’ll have to stop handing over huge wads of cash because it’s not worth it for them to do so anymore, well they’re all just a bunch of bastards!