Independent on revolting behaviour, parasites, and TJN
This long comment article in The Independent is worth reading, especially for key quotes such as:(on 'non-doms') "this revolting behaviour is perfectly legal"
and
"Tax exiles want all the benefits of an advanced society, without paying for it to keep going. There's a technical definition for this in the natural sciences: a parasite."
and
"The invaluable Tax Justice Network has calculated that rich individuals "avoid" £13bn a year and rich corporations £12bn. (Indeed, a third of Britain's top 700 companies haven't paid any tax at all.) That's enough to double the education budget – or to pay off Britain's entire deficit in seven years without a single dent in public spending."
and this nice little snippet:
"When Monaco refused to co-operate with France on tax laws, Charles De Gaulle surrounded it with troops and cut off the water supply."
Read the whole article, in fact: it's worth it.
posted by TJN at 1:47 am
2 Comments:
"The invaluable Tax Justice Network has calculated that rich individuals "avoid" £13bn a year and rich corporations £12bn."
That is surprisingly little. I have mentioned elsewhere that there is the petition for the reform that will put and end to all the avoidance, so I hope you will lose no time in signing.
Number 10 petition
The petition states that:
We the undersigned petition the Prime Minister to to replace taxes on earnings, goods and services by a charge on the unearned rental value of land, thereby raising public revenue in accordance with natural justice, reducing inequality, encouraging economic development and restoring prosperity while preventing ‘boom-bust’ cycles.
TJN supports part of this petition - that a charge on the unearned rental value of land is an effective form of taxation that should be pursued with significantly greater vigour. However, TJN does not support the position that a tax system should "replace" other forms of taxation.
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