Must read book by ex-tax inspector
Richard Brooks 'The great Tax Robbery' [272 pages Oneworld] is
subtitled: ' How Britain became a tax haven for fat cats and big
business'. Just a few gems.
Osborne has allowed chunks of his corporate tax policy to be written
by companies with the help of the same accountants who design
avoidance schemes. Under the previous Labour regime penalties levied
by HMRC on very large companies for transgressions had fallen to
0.01% of their 'error' – around 200times less than the fines
imposed on small companies. Also, since a Private Finance Deal in
2001, HMRC's offices have been owned by a company in Bermuda. HMRC
cannot therefore scrutinise the finances of its 'landlord'. Lots
more. Read the book.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment