asterisk2a + hmrc   102

Fraudsters ‘turning Dubai into the new Costa del Crime’ | World news | The Guardian
Fraudsters involved in scams costing the Treasury almost £100m have bought a string of luxury apartments in Dubai – now considered to have replaced Spain’s Costa Del Crime as the place to launder money – a major leak of a secret Dubai property database has revealed.
Dubai  money  laundering  tax  evasion  avoidance  UK  USA  Europe  HMRC  Justice 
june 2018 by asterisk2a
British overseas territories in talks to keep tax haven secrecy | World news | The Guardian
Leaders of British overseas territories are to hold two days of showdown talks with ministers in an attempt to reverse the UK government’s decision to end secrecy for offshore tax havens.

British Virgin Islands (BVI), Bermuda, Cayman Islands and Turks and Caicos Islands,

An unexpected vote by MPs at the beginning of May to impose public registers of share ownership in all the BOTs has triggered angry resistance including street protests, boycotts of the Queen’s birthday celebrations, and even demands for constitutional separation.
UK  Tories  tax  evasion  Great  Britain  offshore  avoidance  taxevasion  taxavoidance  HMRC  Europe  heaven  British  Virgin  Islands  Bermuda  Cayman 
june 2018 by asterisk2a
The UK Refused To Raid A Company Suspected Of Money Laundering, Citing Its Tory Donations
A national scandal: The government refused to help a French investigation into money laundering and tax fraud - citing the fact the company is "the biggest corporate donor to the Conservative party"
Tories  nasty  party  Conservative  fraud  money  laundering  London  UK  vested  interest  lobby  HMRC  tax  evasion  avoidance  Theresa  May  JAM 
april 2018 by asterisk2a
Offshore tax abuse crackdown brings in only a third of expected £1bn | Politics | The Guardian
A crackdown on offshore tax cheats has only recovered about a third of the £1bn that the government had predicted, according to estimates.

Figures from HM Revenue & Customs suggest that a series of measures to tackle offshore tax evasion will only bring in £349m a year – £650m a year less than had been hoped for.

Other measures aimed at closing tax avoidance loopholes have also failed to generate the revenues that had been expected, undermining assurances from ministers that were made following the Paradise Papers exposé.
UK  tax  evasion  avoidance  HMRC  Austerity  lobby 
february 2018 by asterisk2a
Sports Direct and its staffing agencies paid workers £1m too little | Business | The Guardian
HM Revenue & Customs said this policy amounted to a uniform and a deduction from pay to cover the clothing took pay below the legal minimum. Primark has since introduced a more flexible policy and provides some clothing free.

A Primark spokesperson said: “The average amount paid back per employee was £23.75 and relates to a workwear policy that was changed in 2016.”
minimum  wage  working  poor  exploitation  Capitalism  neoliberal  policy  neoliberalism  workers  trade  union  HMRC  tax  evasion  avoidance  poverty  trap  zero  hour  contract  part-time  taxcredit  self-employment  Precariat  No  Representation  income  growth  social  mobility  discretionary  spending  disposable 
december 2017 by asterisk2a
Netherlands and UK are biggest channels for corporate tax avoidance | World news | The Guardian
The two countries are conduits for 37% of money heading to tax havens, most of which have strong links to Britain
tax  evasion  avoidance  Germany  Apple  Google  Intel  HMRC  Netherlands  Luxembourg  Switzerland  UK  Brexit  Austerity  bank  bailout 
july 2017 by asterisk2a
Tour de France 2017: Is Chris Froome Britain's least loved great sportsman? - BBC Sport
All big british sport stars love Monaco ... not just for the temperatur climate. also for the tax climate. // current and former uk sport stars. even IAAF and sebastian coe are in monaco. and IOC FIFA are in Switzerland // Germans always quircked that their Michael Schumacher 'escaped' to Switzerland. // and even, if I remember right, some/one uk female cyclist w boyfriend reside in monacco
UK  HMRC  tax  evasion  avoidance  culture  Sport  IAAF  IOC  FIFA  Monaco  Switzerland  haven  OECD  European  Union 
july 2017 by asterisk2a
Home Office volunteers no data on EU migrants in work | UK news | The Guardian
UK was lax on applying EU rules. James O'Brien hypothesis is, that it would cost more than it would help (under Labour). When immigration was a non-issue publicly. But Cameron and Co had no balls, made risk analysis, thought risk of Brexit is low low low, thus not bring it up in times of Austerity to spend money on enforcig those rules (eg keeping count and enforcing controls and deportation, and seeking out EU rough sleepers working black market for constucting and stuff).
Brexit  EEA  immigration  welfare  state  FoM  Freedom  of  Movement  Home  Office  DWP  HMRC  deportation  homelessness  homeless  Osteuropa 
july 2017 by asterisk2a
One year on, and Theresa May has betrayed almost everyone she vowed to help | Politics | The Guardian
[a speech to reassert herself] She will say her commitment to social justice and determination to address difficult issues remains “undimmed”, despite her calamitous general election performance. But pre-briefings suggest it will be light on specifics (unlike last year, where it sprinkled with references from poor access to mental health services to unequal life expectancy).

Of the legendary Jam families, there appears to be no mention. [...] A record 60% of British people in poverty now live in households where someone is in work. &! https://www.theguardian.com/politics/2017/jul/10/making-maybot-theresa-may-rise-and-fall?CMP=twt_gu
Career  Politicians  Theresa  May  nasty  party  Brexit  Conservative  Austerity  JAM  mental  health  NHS  Privatisation  rationing  Jeremy  Hunt  STP  GE2017  Toreis  precariat  working  poor  poverty  trap  inequality  gini  Coefficient  HMRC  tax  evasion  avoidance 
july 2017 by asterisk2a
Homebuyers desperate to know who really owns their freehold | Money | The Guardian
[ wild wild west ] A pass-the-parcel nightmare sees freeholds sold by major housebuilders to obscure companies which demand huge sums [... eg ] a fee charged without any material services provided [...] All the leaseholders who contacted Guardian Money are united in their frustration at finding out who is really behind the money extracted from them once their freehold is sold on.
Leasehold  freehold  land  value  tax  Housing  Crisis  Generation  Rent  Generationengerechtigkeit  disposable  income  discretionary  spending  exploitation  self-regulation  profit  maximisation  neoliberal  neoliberalism  Capitalism  evasion  avoidance  UK  regulation  regulators  Legal  Aid  LegalAid  underinvestment  Austerity  Eigentum  ownership  offshore  HMRC  corruption 
july 2017 by asterisk2a
(2195) Mark Blyth Telling The US Senate That Austerity Policy Is Wrong - YouTube
Mark Blyth & Makers v Takers & Erbschaft & asset & capital tax // wolfgang schäuble George Osborne David Cameron // >> Growth cures debt, cuts / austerity causes debt!!!
Mark  Blyth  UK  USA  Austerity  taxation  corporate  corporatism  welfare  state  NHS  income  tax  GFC  asset  capital  recovery  underinvestment  secular  stagnation  bond  bubble  economic  history  ZIRP  NIRP  QE  BOE  productivity  budget  Super  Rich  Plutocracy  trickle-down  Oligarchy  1%  10%  profit  maximisation  shareholder  immigration  gini  Coefficient  FX  Forex  confidence  fairy  globalisation  evasion  avoidance  HMRC  bank  bailout  badbank  bad  Schuldenbremse  Fiscal  Pact  David  Cameron  George  Osborne  Wolfgang  Schäuble  Angela  Merkel  PIGS  Policy  IMF  BIS  ECB  Fed 
july 2017 by asterisk2a
Tax evaders exposed: why the super-rich are even richer than we thought | Inequality | The Guardian
The higher one moves up the wealth distribution, the higher the probability ​​of hiding​ assets [...] More broadly, the key to successfully fighting tax evasion is to change the incentives for the providers of wealth concealment services. Over the last few years, a number of banks have pleaded guilty in the US to criminal conspiracies to defraud the Internal Revenue Service – yet they were able to keep their banking licences, and the fines they had to pay paled in comparison to their profits. A more ambitious approach would put criminal organisations out of business. If tax evasion ceases to pay, it will disappear.
UK  tax  evasion  avoidance  taxation  corporate  welfare  asset  capital  Thomas  Piketty  lobby  Delaware  USA  Luxembourg  Ireland  offshore  banking  money  laundering  Super  Rich  1%  Plutocracy  Oligarchy  revolving  door  KPMG  PanamaPapers  Switzerland  moral  ethics  crime  White-collar  HMRC  Austerity  gini  coefficient  inequality  social  mobility  income  poverty  trap  state  Meritocracy  Meritocratic 
june 2017 by asterisk2a
Oxfam-Studie: Konzerne in den USA schaffen Billionen Dollar in Steueroasen - SPIEGEL ONLINE
US-Unternehmen schleusen immer größere Summen am Fiskus vorbei. Einer Studie zufolge haben die 50 größten Konzerne im Jahr 2015 1,6 Billionen Dollar in Steueroasen geparkt - und mehr in Lobbyarbeit investiert.
UK  tax  evasion  avoidance  HMRC  crony  neoliberal  neoliberalism  capitalism  Lobby  WallStreet  revolving  door 
april 2017 by asterisk2a
Bank of England orders financial firms to draft Brexit contingency plans | Business | The Guardian
uk may have to pay for, to keep, passporting rights, while euro clearing has to move to mainland.
Brexit  BOE  Mark  Carney  City  of  London  banking  insurance  finance  service  law  passporting  tax  evasion  avoidance  HMRC  money  laundering 
april 2017 by asterisk2a
How Karen Millen lost the battle for her name – and her fortune | Business | The Guardian
But despite receiving £35m for her share of the business – a blockbuster deal that involved Millen signing away the rights to use her own name – the rags-to-riches story returned to rags in the high court after she failed to hand over an estimated £6m that HM Revenue and Customs said it was owed. Millen told the Times her accountants had advised her to use a tax planning scheme, the validity of which was successfully challenged by HMRC in 2010.
tax  avoidance  evasion  HMRC  UK 
april 2017 by asterisk2a
Labour to oppose 'Henry VIII powers' being used to rewrite EU laws | Politics | The Guardian
[ no moderation, moderation is gone. Global Britain is here. 'indyref2 wil happen one way or another. no opposition and no say will infuriate Scots even more eventually ] It is expected that this will involve extensive use of “Henry VIII powers” – laws allowing ministers to change primary legislation (government bills) using secondary legislation (orders that go through parliament with little or no scrutiny). [...] Corbyn said Labour would oppose handing ministers such extensive powers when the House of Commons votes on the great repeal bill. [ less accountability, transparency, democracy, representation ... more technical! technocracy! that was voted actually against as it is practiced in EU ... the irony ] //&! The Observer view on triggering article 50. As Britain hurtles towards the precipice, truth and democracy are in short supply - https://www.theguardian.com/commentisfree/2017/mar/26/observer-editorial-triggering-of-article-50-jeopardises-60-years-of-unparalleled-peace
Brexit  Theresa  May  far-right  alt-right  right-wing  nasty  party  Conservative  Tories  House  of  Commons  Opposition  Labour  Jeremy  Corbyn  JAM  neoliberalism  democracy  No  Representation  workers  trade  Union  rights  Whitehall  Westminster  Parliament  lobby  revolving  door  interest  groups  UK  FPP  Populism  Nationalism  DailyMail  Daily  Mail  Oligarchy  Plutocracy  Super  Rich  Austerity  NHS  1%  10%  Privatisation  Prison  Police  Surveillance-Industrial  complex  Military–industrial  crony  capitalism  tax  evasion  avoidance  HMRC  corporatism  technocrat  technocracy  accountability  debate  Transparency  Article50  Article  50 
march 2017 by asterisk2a
National Insurance rise 'fair', says PM - BBC News
http://www.bbc.co.uk/news/business-39225522 - She said the decision "was taken in the context of a rapidly changing labour market in which the number of people in self employment is rising rapidly".
The shift towards self employment was "eroding the tax base", she argued.
"Is it fair? I think it is fair to close the gap in contributions between two people doing the same work and using the same public services to make the same contribution to wider society."
'We should apologise'
She said, with other NI changes, "this is a change that leaves lower paid self-employed workers better off" and .
Ministers say those earning £16,250 or less will see their NI contributions fall.
Tories  Budget  welfare  state  Pension  NIC  NI  National  Insurance  Conservative  Party  Self-Employment  gig  economy  1099  adult  social  care  elderly  NHS  DWP  HMRC  Contractor  zero  hour  contract  Theresa  May  Philip  Hammond  Uber  Platform  Capitalism 
march 2017 by asterisk2a
Budget 2017: £2bn for social care and tax rise for self-employed - BBC News
http://www.bbc.co.uk/news/business-39114211 http://www.bbc.co.uk/news/uk-politics-39214295 debt going down bc of state asset sales !!! lol like reverse PFI ! http://www.bbc.co.uk/news/uk-politics-39203784 Philip Hammon tip-toeing around the issue of self-employment disparieties and exploitation. Damaging welfare state. While at the same time going through w corp tax cut from Osborne, as well as inheritance tax cut, capital gains, banks, ... also tip-toing around the business rate increase w a temporary relieve to the discretion of each council (call that a admin & beaurocracy catastrophe and prone to abuse, why give relive fund money to one and not the other?) & nothing for NHS. And still going ahead with Triple Lock Pension and no housing benefit for young. And still going ahead w cut in real terms of edu budgets. And still going ahead w no parity in mental health RE DWP ESA limit not funding mental health conditions.
HMRC  Philip  Hammond  Theresa  May  Tories  Conservative  Party  nasty  budget  Brexit  NHS  National  Insurance  NI  adult  social  care  elderly  self-employment  tax  evasion  avoidance  Council  Austerity  ageing  population  demographic  bubble  chronic  sick  health  demand  Generationengerechtigkeit  Triple  Lock  Pension  Trickle-down  Housing  Benefit  Crisis  education  policy  IMF  homelessness  homeless  inequality  technological  unemployment  mobility  welfare  state  child  poverty  downward  income  trap  gini  Coefficient  Disabled  JAM  DWP  JSA  ESA  working  poor  squeezed  middle  class  Precariat  zero  hour  contract  part-time  PFI 
march 2017 by asterisk2a
Budget 2017: Hammond to tell us the Brexit vote could have been worse | Business | The Guardian
consumers carried on spending and businesses continued to expand.

The picture for the public finances is also looking rosier compared with Hammond’s maiden autumn statement in November. [...] But here’s what the chancellor will not tell you: living costs have gone up and will continue to do so. The poorest will be hit hardest as the cost of essentials such as food and heating take a growing chunk out of already tight family budgets. Wages will struggle to match rises in inflation and the government’s benefit cuts mean that incomes will fall for the poorest people in Britain. In short, unless the government does something significant to improve living standards this week, inequality will start rising again.
UK  JAM  working  poor  squeezed  middle  class  Precariat  Theresa  May  Philip  Hammond  Austerity  DWP  HMRC  inflation  wage  growth  social  mobility  inequality  income  Tories  Productivity  child  poverty  trap  output  gap  recovery  GFC  bank  bailout  nasty  party  Conservative  Generationengerechtigkeit  babyboomers  Millennials  generation  rent  living  standard  discretionary  spending  disposable  credit  taxation  household  debt  mortgage  housing  crisis  Consumer  Consumerism  economic  history  neoliberalism  interventionism  crony  capitalism  tax  evasion  avoidance  corporatism  Exploitation  zero  hour  contract  part-time  minimum  generational  divide  Triple  Lock  Pension 
march 2017 by asterisk2a
STEVE KEEN on Private Debt - YouTube
the trick is up for tory austerity soon, when the private debt/household debt bubble bursts. and or the uk economy comes to a standstill. /// London has driven out the real wealth creators - https://www.youtube.com/watch?v=Dyk1t4wEDAE - democracy by houses, bc renters have no rights, &! Money , banks, debt seems not to matter in status quo economics - Prof Steve Keen on Parasitic Banking Sector London School of Economics - https://youtu.be/Kh99jEE18KY GFC recovery is not recovery it is Japanese style stagnation! ex imigration¬!
UK  London  Margaret  Thatcher  private  debt  Consumer  household  mortgage  GFC  recovery  Brexit  discretionary  spending  disposable  income  reflate  reflation  ZIRP  NIRP  QE  Austerity  service  sector  working  poor  squeezed  middle  class  leverage  economic  history  living  standard  wage  growth  mobility  social  inequality  Gini  Coefficient  tax  evasion  avoidance  HMRC  payday  loan  trickle-down  Tories  nasty  party  Conservative  George  Osborne  David  Cameron  JAM  Theresa  May  Philip  Hammond  IMF  OECD  neoliberalism  crony  capitalism  Exploitation  corporatism  Consumerism  materialism  GDP  underinvestment  ROI  BOE  Mark  Carney  Steve  Keen  book 
march 2017 by asterisk2a
Record 910,000 UK workers on zero-hours contracts | Business | The Guardian
Nearly 1m people on controversial terms but growth slowdown points to ‘zero-hours juggernaut’ grinding to a halt, say experts
zero  hour  contract  gig  economy  HMRC  DWP  tax  credit  taxcredit  minimum  wage  Mindestlohn  national  insurance  productivity  service  sector  UK  Germany  NI  underemployed  Self-Employment  part-time  Universal 
march 2017 by asterisk2a
Government looks for new spending cuts of up to 6% - BBC News
[ fallacy of Austerity, just Austerity to balance the budget, living off the body, no investment (ROI) to balance future butget by increased tax income. debt does not come down, bc the economy stupid. and imf has backtracked its austerity advice, and latest from imf - investment in health and edu grows economy, got an ROI! ] The Institute for Fiscal Studies has said meeting this target by 2025 would require up to £34bn in further spending cuts and tax rises. &! http://www.bbc.co.uk/news/business-38894023 - To meet his target of eliminating the deficit during the next parliament, which is from 2020 to 2025, Mr Hammond will probably have to find a further £34bn in tax rises and spending cuts, extending austerity.
The report said £17bn of tax rises could be needed to contribute to closing the gap for government between outgoings and income.
UK  Austerity  NHS  STP  rationing  education  policy  Tories  nasty  party  Conservative  Theresa  May  Philip  Hammond  George  Osborne  fiscal  ROI  underinvestment  working  poor  Precariat  self-employment  gig  economy  squeezed  middle  class  Productivity  output  gap  GFC  recovery  bank  bailout  technological  unemployment  zero  hour  contract  DWP  HMRC  tax  evasion  avoidance  public  health  2020 
february 2017 by asterisk2a
EU citizens living in the UK could face legal limbo after Brexit | Politics | The Guardian
The EU fears millions of its nationals living in the UK will be left stranded in a legal no man’s land after the country leaves the EU because of the weaknesses of the British immigration system, a document obtained by the Observer reveals.
EEA  Brexit  Home  Office  HMRC  immigration  Theresa  May  Westminster  Whitehall 
february 2017 by asterisk2a
Booming gig economy costs £4bn in lost tax and benefit payouts, says TUC | Business | The Guardian
Study shows low-paid self-employment and zero-hours contracts costing exchequer £75m a week – a quarter of England’s weekly social care budget [...] Their relatively low earnings also make them more likely to need to rely on in-work benefits such as tax credits and housing benefit, the TUC said. [...] “The huge rise in insecure work isn’t just bad for workers. It’s punching a massive hole in the public finances too,” said TUC general secretary Frances O’Grady.
HMRC  Treasury  Whitehall  Westminster  Lobby  Consultant  zero  hour  contract  Self-Employment  gig  economy  welfare  state  Governance  Government  Precariat  working  poor  Poverty  part-time  minimum  wage  minimumwage  mindestlohn  Zeitarbeit  Leiharbeit  LHA  DWP  George  Osborne  Philip  Hammond  Iain  Duncan  Smith  housing  benefit  tax  credit  child  taxcredit  Austerity  secular  stagnation  crony  capitalism  bailout  corporatism  neoliberalism  exploitation  profit  maximisation 
february 2017 by asterisk2a
UK faces return to inequality of Thatcher years, says report | Business | The Guardian
Pressure on the government to help struggling Britons has intensified after a leading thinktank warned that falling living standards for the poor threatened the biggest rise in inequality since Margaret Thatcher was prime minister.

The Resolution Foundation said Theresa May would need to make good on her pledge to support “just about managing” households as it released a report showing that rising inflation and an end to recent strong jobs growth would hit the least well-off hardest.
UK  Brexit  Austerity  tax  credit  Tories  JAM  nasty  party  Conservative  poverty  fuel  working  poor  Precariat  zero  hour  contract  Contractor  Self-Employment  gig  Economy  1099  part-time  social  mobility  income  distribution  redistribution  squeezed  middle  class  technological  unemployment  underemployed  underemployment  trap  education  policy  public  health  inequality  Food  Bank  gini  Coefficient  Triple  Lock  Pension  JSA  ESA  DWP  minimum  wage  taxation  evasion  avoidance  HMRC  NHS  inflation  living  standard  disposable  discretionary  spending  Card  consumer  debt  household  underinvestment  skills  skill-biased  Productivity  output  gap  downward  upward  Theresa  May  George  Osborne  David  Cameron  Philip  Hammond 
february 2017 by asterisk2a
Brexit has allowed the banks to get off Britain's naughty step | Business | The Guardian
The even better news for the banks is that they are no longer hated. Far from it. Much of the concern about how the UK will survive outside the EU has centred on the future of the City. For years, the banks have been trying to find a way of getting themselves off the public’s naughty step. Brexit has provided them with an opportunity that has been seized with relish. The City has played the post-referendum game masterfully. [...] The recession that the banks caused and the austerity that resulted created the sense of “them and us” – the notion of an unbalanced and unequal Britain – that led to Brexit. [...] constant demands that the government secures passporting rights to allow UK authorised institutions to operate freely across the EU27.
Brexit  banking  London  The  City  GFC  bank  bailout  corporatism  crony  neoliberalism  profit  maximisation  self-regulation  Regulation  regulators  BOE  FSA  trade  deal  UK  USA  Austerity  Finance  Services  economic  history  recovery  HMRC  tax  evasion  avoidance  capitalism  Lobby 
january 2017 by asterisk2a
Inquiry launched into UK gender laws amid fears over Brexit effect | World news | The Guardian
[ one particular NHS already breaking EU overtime work directive ] Areas of equality law to be examined include measures to guarantee equal pay, protection for part-time workers and during pregnancy, and combating so-called intersectional discrimination, where someone faces potential disadvantage for not just their gender but another area, for example race or religion. [...] While the government had promised to protect equality and the rights of workers following departure from the EU, Smethers said, the concern was that some protections could be lost almost inadvertently amid wider changes. [...] “The real worry we’ve got is that those kind of assurances are actually quite superficial, and they are probably a second order commitment compared to the need to secure a competitive economy, and how we compete if we’re outside the trading bloc,” Smethers said. &! Sports Direct, JD Sports - https://www.theguardian.com/business/2017/jan/29/140-jd-sports-staff-hospital-warehouse-rochdale
Brexit  EEA  immigration  Visa  discrimination  inequality  Equality  Act  2010  self-regulation  deregulation  Regulation  regulators  workers  union  trade  UK  USA  deal  NHS  LGBT  rights  Legal  Aid  minimum  wage  gig  economy  Self-Employment  tax  evasion  avoidance  HMRC  neoliberalism  neoliberal  crony  Exploitation  capitalism  corporatism  profit  maximisation  zero  hours  contract  contractor  part-time 
january 2017 by asterisk2a
Wolfgang Schäuble: "Großbritannien ist nicht mit den Cayman Islands zu vergleichen" - SPIEGEL ONLINE
"Aber wenn ein großes Land glaubt, es könne die Vorteile eines kleinen Landes haben, das geht schief", sagte der Minister. Es gebe ein weltweites Interesse daran, dass Steueroasen nicht zu sehr zulasten anderer Länder gingen, sagte der Minister. Das sei unfair. "Und das wird sich der Rest der Welt auch nicht bieten lassen."
Brexit  tax  evasion  avoidance  business  rate  corporate  taxation  welfare  UK  Theresa  May  Philip  Hammond  nasty  party  Tories  Conservative  Austerity  EU  HMRC 
january 2017 by asterisk2a
UK branded 'soft touch' as figures reveal just 6 staff police filing for millions of firms (From HeraldScotland)
BRITAIN has been branded a soft touch for gangsters and tax evaders after it emerged just six civil servants are responsible for policing the filings of nearly four million firms. The UK has come under intense scrutiny in recent years amid concerns that London - and its financial and property markets - has become an engine room for global money-laundering. Tax transparency and anti-corruption campaigners increasingly fear that lax controls over the paperwork filed by British firms means criminals can hide in plain sight. &! https://www.theguardian.com/politics/2017/jan/27/uks-super-rich-appear-to-get-special-deal-from-hmrc-says-watchdog - Commons public accounts committee says failure to crack down on wealthy tax dodgers undermines confidence in system &! http://www.bbc.co.uk/news/business-38764923 - MPs warn HMRC to get tough on tax from footballers and super-rich
HMRC  tax  evasion  avoidance  UK  crony  capitalism  neoliberalism  Austerity  Police  Tories  Conservative  Party  nasty 
january 2017 by asterisk2a
Firms poised to take advantage of NHS shake-up 'avoid tax on their profits' | Politics | The Guardian
https://corporatewatch.org/news/2012/mar/16/unhealthy-business-major-healthcare-companies-use-tax-havens-avoid-millions-uk-tax // Spire Healthcare, Care UK, Circle Health, Ramsay Health Care, General Healthcare Group, // Spire, Care UK, General Healthcare Group and Ramsay** are all carrying significant levels of debt after their owners financed their acquisitions through borrowing. The interest being paid to banks and bondholders – which is far higher than the government would be paying for equivalent sums - is also serving to reduce taxable profits.
NHS  tax  avoidance  evasion  UK  HMRC  offshore  haven  Privatisation  nasty  party  Conservative  Tories  1%  10%  20%  Plutocracy  Super  Rich 
january 2017 by asterisk2a
Netherlands 'will block UK-EU deal without tax avoidance measures' | Politics | The Guardian
The Netherlands will block any EU trade deal with the UK unless it signs up to tough tax avoidance regulations preventing it from becoming an attractive offshore haven for multinationals and the rich, the deputy prime minister of the country has said.
Brexit  UK  offshore  tax  evasion  avoidance  HMRC  European  Union  taxation  George  Osborne  David  Cameron  Theresa  May  Philip  Hammond  Austerity  Tories  Conservative  Party  nondom  nasty  Ireland 
january 2017 by asterisk2a
Lord King says Brexit brings 'real opportunities' - BBC News
economic reform // He said there were "real opportunities" for economic reform and new trade deals which meant Brexit could be a success. // problem is that after the GFC one opportunity was left at at bus stop. now we get 2nd w May/Tories/Brexit ? // like meat tax?
Brexit  liberal  economic  reform  technological  unemployment  working  poor  squeezed  middle  class  Austerity  MervynKing  BOE  markcarney  carney  social  mobility  income  poverty  tax  evasion  avoidance  HMRC  taxation  theresa  may  Tories  Conservative  Party  nasty 
december 2016 by asterisk2a
Gig economy threatens government finances, says May adviser | Business | The Guardian
“There is no question that the growth of self-employment and incorporation is having a significant impact on our revenues.” It is not known how many of the UK’s 4.7m self-employed workers are engaged in work that could also be classed as employment, but if only 10% were, that could imply an annual loss to the exchequer of close to £1bn, according to the Guardian’s estimate.

The exchequer does not receive employer national insurance contributions on behalf of self-employed workers. [...] Writing in the Guardian, Taylor says Britain’s employment system “has weaknesses and is not future-proof”
Self-Employment  Uber  Deliveroo  tax  avoidance  NHS  evasion  pension  Precarious  work  working  poor  Gig  Economy  1099  UK  budget  HMRC  technological  unemployment  JSA  DWP  Platform  Capitalism  minimum  wage 
november 2016 by asterisk2a
Revealed: temp agencies' avoidance scheme costs taxpayers 'hundreds of millions' | UK news | The Guardian
Last year, HMRC advised anybody using such a scheme to notify it to “avoid the costs of litigation and minimise any interest and penalties due on underpaid national insurance”.

However, despite that warning, the Guardian understands there has been a spike in the number of firms marketing similar schemes since April, when the government closed down a different tax avoidance scheme widely used by the employment agency sector.
tax  avoidance  evasion  HMRC  Self-Employment  UK  austerity 
november 2016 by asterisk2a
HMRC probes 2,000 for dodging £2bn by hiding money offshore or in avoidance schemes | Daily Mail Online
A 380-strong taskforce was set up to catch out wealthy tax dodgers
But the HM Revenue & Customs unit has claimed one scalp in seven years
It comes as more than 2,000 people are suspected of dodging £2billion (by individuals, excl companies, I guess)
HMRC  tax  evasion  avoidance  UK 
november 2016 by asterisk2a
Collapse in corporation tax receipts pushes public deficit to £10.6bn | Business | The Guardian
Suren Thiru, head of economics at the British Chambers of Commerce, said the rise in government borrowing underscored the weakness of the UK economy.

“The UK’s ability to generate tax revenue has diminished following the financial crisis, and this underlying weakness is likely to be exacerbated further if the UK economy slows as we predict,” he said, adding it was vital the chancellor offered incentives to “invest, create jobs, and support growth”.
Brexit  business  confidence  consumer  budget  UK  Philip  Hammond  Theresa  May  underinvestment  productivity  output  gap  GFC  recovery  austerity  HMRC  corporate  tax  rate  fiscal  policy  Uncertainty 
october 2016 by asterisk2a
HMRC investigates BBC presenters over tax avoidance allegations | UK news | The Guardian
About 100 current and former BBC presenters, and stars from other broadcasters, are being investigated by HMRC over claims of tax avoidance. [...] The BBC stressed that the case would touch upon the whole broadcasting industry, saying that the practice of paying presenters through personal service companies was standard. [ BBC advised its stars. and saves NI payments thus no payment into pension pot! ]
BBC  tax  avoidance  evasion  HMRC  double  standard  British  Broadcasting  Company  ITV  skynews  Self-Employment  UK  Austerity  Channel4 
october 2016 by asterisk2a
Keiser Report: Leprechaun Economics (E965) - YouTube
lol! Apple does not have a store in Ireland. Have to drive to Belfast (NI part of UK) to find Apple Store (Genius Bar). But Apple has outsourced (other company) its EU customer service to Ireland. Thus is not a resident, thus no specific law apply to look into their tax affairs.
tax  evasion  avoidance  Ireland  Apple  HMRC  Germany  European  Union  UK  USA  Commission 
september 2016 by asterisk2a
Proposal to fine tax avoidance enablers lacks teeth, campaigners say | Business | The Guardian
Critics say Treasury plans only target illegal tax avoidance and that HMRC lacks the resources to enforce penalties
HMRC  tax  avoidance  evasion  Austerity  Trickle-down  economics  UK  George  Osborne  David  Cameron  Theresa  May  neoliberal  neoliberalism  neoclassical  Chicago  school 
august 2016 by asterisk2a
UK GDP growth – beware the march of the spenders | Business | The Guardian
the breakdown was deeply troubling. What it showed was an economy unhealthily reliant on consumer spending. Real household spending was up 0.7% on the quarter and added 0.5 percentage points to the growth rate. In other words, the other components of growth – investment, trade and government spending – contributed -0.1 points to growth during the first three months of the year. [...] drop in business investment, which was down both over the quarter and over the year. //&! bit.ly/1RjxDnh - Making things matters. This is what Britain forgot. Ha-Joon Chang. The neglect of manufacturing and over-development of the financial sector is the cause of the economy’s decline, not fear of leaving the EU
UK  2016  recovery  Manufacturing  George  Osborne  industrial  policy  David  Cameron  austerity  Brexit  secular  stagnation  USA  world  economy  underinvestment  Smart  Grid  competitiveness  competitive  advantage  competitive  China  Steel  Crisis  Steel  Industry  BRIC  European  Union  Fiscal  Pact  Schuldenbremse  ZIRP  NIRP  distortion  policy  monetary  policy  Mark  Carney  short-termism  short-term  thinking  short-term  view  Career  Politicians  general  election  2015  general  election  2020  Conservative  Party  neoliberalism  neoliberal  tax  evasion  tax  avoidance  Panama  Papers  HMRC  income  tax  receipts  employment  self-employment  Precariat  minimum  wage  wage  growth  productivity  output  gap  savings  rate  housing  bubble  property  bubble  business  confidence 
may 2016 by asterisk2a
Martin Lewis conforonts Osborne over his living wage con
companies cut back on perks, lunch breaks, and paid overtime arrangements. or change work arrangement; change to being self-employed contractor. //&! As predicted Osborne's national living wage is a con - youtu.be/MQfEWTN5hR4 - cut of overtime and weekend pay bonus. - ALSO THERE COMES AGE DISCRIMINATION. BECAUSE starts not for students!/<25years old! //&! bbc.co.uk/news/business-36082247 - Osborne warns firms not to cut perks on back of National Living Wage
living  wage  self-regulation  working  poor  Greed  profit  maximisation  profit  maximization  George  Osborne  Iain  Duncan  Smith  budget2015  minimum  wage  low  pay  low  income  self-employment  Contractor  Zero  Hour  Contract  HMRC  income  tax  receipts  Precariat  precarious  employment  precarious  work  tax  credit  poverty  working  tax  credit  working  condition  working  class  squeezed  middle  class  Trade  Union  Workers  Union  Service  Sector  Jobs  job  creation  shareholder  capitalism  crony  capitalism  regulation  regulators  capitalism  shareholder  value  productivity  output  gap 
april 2016 by asterisk2a
A tax inspector calls
That's why the unsnappily-titled Joint International Tax Shelter Information and Collaboration network (JITSIC) is gathered in Paris, under the umbrella of the (cumbersomely-monickered) Organisation for Economic Co-operation and Development (OECD).
This so-called 'rich countries club' has been given the task of pursuing the erosion of countries tax bases by multi-national corporations. That much has been agreed by the G7 developed nations group, and the wider G20.
And in researching this, the OECD has come up with some fairly startling findings about the extent to which multi-nationals game the system. [...] As I noted before, they reckon that between $100bn and $240bn of corporate tax goes unpaid because of these accounting practices
Panama  Papers  HMRC  tax  amnesty  tax  avoidance  tax  evasion  IMF  OECD  multinational  conglomerate  offshore  banking  budget  deficit  shareholder  capitalism  crony  capitalism  capitalism  in  crisis  capitalism  austerity  squeezed  middle  class  working  poor  G8  G20 
april 2016 by asterisk2a
PMQs: Jeremy Corbyn David Cameron on tax figures
gov claims - closed loopholes 2010 12bn and this parliament 2015 16bn, ... and putting back 1bn into HMRC after raiding it in 2010. // PMQs: Kuenssberg, Paterson and Benn on Cameron v Corbyn - bbc.in/1Yui4OZ &! 'Panama Papers' dominate PMQs clashes - bbc.in/1YtK7OF //&!
budget2010  HMRC  tax  evasion  tax  amnesty  tax  avoidance  Google  Inc.  David  Cameron  George  Osborne  budget2015  Tories  nasty  party  Conservative  legal  loopholes  lobby  revolving  door  Career  Politicians  No  Representation  DWP  JSA  sanctions  spin  doctor  Panama  Papers  Positioning  PR  shareholder  capitalism  squeezed  middle  class  austerity  fairness  bank  bailout  GFC  Greed  profit  maximisation  profit  maximization  white-collar  crime  white-collar  fraud  corporate  crime  corporate  scandal  corporate  social  responsibility  CSR  accounting  scandal  Wall  Street  Main  Street  working  poor  tax  credit  ESA  Disabled  vulnerable  Soziale  Marktwirtschaft  crony  capitalism  capitalism  capitalism  in  crisis  Jeremy  Corbyn  Donald  Trump  Bernie  Sanders  money  laundering 
april 2016 by asterisk2a
Is Stephen Crabb the man to tackle this age of extreme inequality?
The Panama Papers will lead to the dynamiting of Tory credibility, but new work and pensions secretary, Stephen Crabb, is unlikely to prove the saviour of his party’s reputation. [...] Last autumn’s U-turn over cuts to working tax credits was a smoke screen. The axe will fall, only not everywhere, not just yet. From this week, existing universal credit claimants will lose up to £220 a month as the work allowance is pared back faster than the national living wage increases to replace it. [...] Short of taking a vow of poverty and retreating like Charles V to a monastery, there is nothing he can say now that will change the perception that he is at the head of a party that has a fundamental personal interest in preserving the advantages of the 1%.
Stephen  Crabb  nasty  party  tax  credit  Universal  Iain  Duncan  Smith  welfare  reform  welfare  state  poverty  trap  poverty  child  poverty  social  safety  net  sanctions  JSA  ESA  PIP  Disabled  vulnerable  mental  health  austerity  George  Osborne  David  Cameron  Tories  Conservative  Positioning  PR  spin  doctor  manufactured  consent  snap  judgement  prejudice  triple-lock  pension  Generationengerechtigkeit  fairness  bank  bailout  budget  deficit  aggregate  demand  Budget2016  budget2015  general  election  2015  election  campaign  promises  Funding  constituency  Super  Rich  oligarchy  plutocracy  Confidence  Fairy  1%  democracy  food  poverty  fuel  poverty  tax  evasion  tax  amnesty  tax  avoidance  Panama  Papers  offshore  banking  tax  loopoles  lobby  No  Representation  Career  Politicians  Gini  coefficient  inequality  social  mobility  income  mobility  deprivation  crony  capitalism  shareholder  capitalism  corporate  welfare  HMRC  revolving  door  corporate  tax  rate  capital  gains  tax  DLA  Independent  Living  Fund  Holyrood 
april 2016 by asterisk2a
Obama calls for international tax reform amid Panama Papers revelations
"a lot of it is legal" ... they are not poorly designed the laws have been designed by the revolving door of corporate lawyers and lobbyists. // We are not all in this together.
austerity  tax  evasion  tax  amnesty  tax  avoidance  Panama  Papers  G20  G8  tax  loopoles  lobby  revolving  door  Career  Politicians  Party  Funding  barackobama  George  Osborne  IRS  HMRC  white-collar  crime  corporate  governance  accounting  scandal  corporate  scandal  offshore  banking  income  tax  receipts  corporate  tax  rate  fairness  Super  Rich  1%  oligarchy  plutocracy  nasty  Tories  Conservative  Party  Google  Inc.  Westminster  Toff  Privileged  Establishment  No  Representation  democracy  squeezed  middle  class  poverty  trap  Precariat  disenfranchise  disenfranchised 
april 2016 by asterisk2a
Panama Papers (BBC)
links to 72 current or former heads of state [...] dictators looting their own countries [...] helped clients launder money, dodge sanctions & evade tax. [...] never been accused or charged with criminal wrong-doing [...] company is a corporate screen established principally to protect the identity and confidentiality of the ultimate beneficial owner of the company. [...] + Icelandic Prime Minister //&! bbc.in/232EEVN &! How To Insight - bbc.in/1M8Xi6N &! The Guardian - bit.ly/232F3Hz &! Reddit - redd.it/4d8rta &! panamapapers.sueddeutsche.de & live ticker tuesday - bbc.in/23cAl6M &! bbc.in/1TyCuXT - Panama is British Territory as is Cayman Islands et al. //&! Change the rules and close the loopholes! Duh. No need to ask others to stop doing business or change their rules!
Panama  Papers  tax  amnesty  tax  avoidance  tax  evasion  money  laundering  offshore  banking  white-collar  crime  white-collar  fraud  tax  loopoles  HMRC  shareholder  capitalism  shareholder  value  profit  maximisation  profit  maximization  Wall  Street  No  Representation  Career  Politicians  Whistleblower  corruption  bribery  investment  banking  revolving  door  lobby  Greed  GFC  Super  Rich  1%  plutocracy  oligarchy  austerity  budget  deficit  George  Osborne  double  standard  governance  transparancy  accountability  transparency  sanctions 
april 2016 by asterisk2a
Waiters And Bartenders Rise To Record, As Manufacturing Workers Drop Most Since 2009
On the surface, the March jobs reported was better than expected... except for manufacturing workers. As shown in the chart below, in the past month, a disturbing 29,000 manufacturing jobs were lost. This was the single biggest monthly drop in the series going back to December 2009. But not all is lost: as has been the case for virtually every month during the "recovery", virtually every laid off manufacturing worker could find a job as a waiter: in March, the workers in the "Food services and drinking places" category, aka waiters, bartenders and minimum wage line cooks, rose again to a new record high of 11,307,000 workers, an increase of 25K in the month, offsetting virtually all lost manufacturing jobs. This is how the two job series have looked since the start of 2015: 24k manufacturing jobs have been lost in the past 14 months compared to an increas of 365K food service workers.
UK  USA  job  creation  Manufacturing  industrial  policy  competitiveness  competitive  Service  Sector  Jobs  minimum  wage  low  pay  low  income  productivity  productivity  gap  recovery  economic  history  budget  deficit  income  tax  receipts  IRS  HMRC  trade  deficit  current  account  deficit  precarious  work  Precariat  squeezed  middle  class  job  loss  job  security  job  insecurity  working  poor  Contractor  Zero  Hour  Contract  Budget2016  George  Osborne  STEM  skills  gap  apprenticeships  2015  2016  China  BRIC  global  economy  global  trade  globalisation  globalization  outsourcing  self-employment  tax  free  income  tax  credit  social  safety  net  welfare  state  output  gap  participation  rate  babyboomers  western  world  secular  stagnation  Support  income  growth  wage  stagnation  disposable  income  discretionary  spending  household  debt  consumer  debt  credit  card  debt  car  loan  student  debt  Generation  Rent  Generationengerechtigkeit  tax  evasion  tax  avoidance  tax  amnesty  crony  capitalism  shareholder  capitalism  profit  maximisation  profit  maximization  Wall  Street  shareholder  value  multiplier-effect  austerity 
april 2016 by asterisk2a
Discussing the IMF’s research on inequality - an interview with Andrew Berg
Inequality and Unsustainable Growth (2011) - imf.org/external/pubs/ft/sdn/2011/sdn1108.pdf - what are the determinants of sustained growth (answer a middle class). phases of growth. institutional governance (tax evasion and tax avoidance). lobby, revolving door, no representation, career politicians. [...] redistribution should have win-win effect. //&! Richard Wilkinson: How economic inequality harms societies - youtu.be/cZ7LzE3u7Bw - national income per head (average) is not reflective (correlates) for health and child well-being measures, social capital (volunteering, Tories Big Society), mental health, prison population, social mobility. that is why Tories redefined fuel poverty & child poverty! That is why nominal GDP targeting is double edge sword (tax evasion and average national income per head, and being dependent on a industry for GDP (ie Brazil and resources, or south UK and banking - 80% of 2015 growth was consumtion). Leads to status anxiety & materialism/
inequality  Robert  Reich  Joseph  Stiglitz  Paul  Krugman  squeezed  middle  class  working  poor  CEO  pay  shareholder  capitalism  IMF  western  world  Super  Rich  1%  plutocracy  oligarchy  discretionary  spending  disposable  income  Generation  Rent  poverty  poverty  trap  meritocracy  meritocratic  income  distribution  American  Dream  child  poverty  Thomas  Piketty  income  growth  income  inequality  income  mobility  Gini  coefficient  social  mobility  income  redistribution  Universal  Basic  tax  credit  tax  free  income  tax  evasion  tax  amnesty  tax  avoidance  HMRC  Political  Governance  Career  Politicians  revolving  door  Lobbying  lobby  lobbyist  No  Representation  Niall  Ferguson  secular  stagnation  Elizabeth  Warren  Precariat  job  insecurity  welfare  state  social  safety  net  nominal  GDP  targeting  WHO  consumerism  materialism  status  anxiety  values  social  status  self-esteem  mental  health  well  being  GNP 
april 2016 by asterisk2a
Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight
turning a banking crisis into a budget deficit blowout and blaming it on poor working age people with some benefits to their name. //&! What will it be the Budget be remembered for? DEBATE - BBC Newsnight - youtu.be/iOrhLL-Pe3E - productivity is about increasing public and private investment, and private investment has been falling year after year. tax cuts ie corporate tax rate, do not increase private investment. and household debt/consumer debt/credit car/car loan/student debt is rising and rising, taking up the slack that Osborne is cutting from the budget.
budget2016  budget2010  bank  bailout  austerity  budget  deficit  economic  history  Richard  Koo  UK  GFC  George  Osborne  Sajid  Javid  dogma  ideology  income  tax  receipts  corporate  tax  rate  HMRC  tax  evasion  tax  avoidance  DWP  fairness  Generationengerechtigkeit  triple-lock  pension  pension  obligation  babyboomers  recovery  aggregate  demand  shareholder  capitalism  secular  stagnation  neoliberal  neoliberalism  trickle-down  economics  free  market  Positioning  PR  spin  doctor  George  Osborne  David  Cameron  budget2015  Fiscal  Pact  Schuldenbremse  Brexit 
march 2016 by asterisk2a
Iain Duncan Smith resigns: Why? What next? - BBC Newsnight
youtu.be/e2XyYgkYNFE - Resignation stuck a knife into George Osborne. // working age on the bottom of the pile bore the burden of austerity. [...] weakness of labour party could mean Conservative will be in power for a long time. [...] this is big shot of Tory-out vs Tory-in. They wanted Osborne to fail. // tax credits, Google Tax Deal, ESA, PIP/DLA, .... //&! Iain Duncan Smith First interview since his shock resignation - youtu.be/hr5-WbzevyM &! youtu.be/ntKf3HtVNxs - lower gov income (income tax receipts and corp tax) pushed things ahead. No 10 ran DWP ... // Marr Show papers: IDS's resignation and budget shambles (20 Mar 16) - youtu.be/ZkNOxXZW9Kw //&! Budget 2016: Evan Davis grills Sajid Javid on the numbers - BBC Newsnight - youtu.be/L0TBTbfNgCw //&! Iain Duncan Smith Resignation Nothing To Do With EU - youtu.be/MJr2WmVtV1c &! youtu.be/_nAHvGZYkfY &! youtu.be/kvmOPZ0wP3o &! youtu.be/Hu_pnQBITPI
Iain  Duncan  Smith  DWP  austerity  George  Osborne  Brexit  David  Cameron  Boris  Johnson  Tories  nasty  party  budget2016  Conservative  Westminster  No  Representation  tax  credit  welfare  reform  welfare  state  social  safety  net  disability  Disabled  vulnerable  NHS  mental  health  sick  population  health  crisis  Toff  Privileged  PIP  DLA  ESA  Establishment  Career  Politicians  Richard  Koo  aggregate  demand  babyboomers  ageing  population  pension  obligation  triple-lock  pension  WCA  dogma  ideology  economic  history  budget2015  policy  folly  policy  error  education  policy  Academy  Privatisation  Nicky  Morgan  Jeremy  Hunt  Michael  Gove  Junior  Doctor  Junior  Doctor  Contract  Junior  Doctors  House  of  Lords  Whitehall  tax  evasion  tax  avoidance  income  tax  receipts  HMRC  underinvestment  tax  code  corporate  welfare  corporate  subsidies  corporate  tax  rate  budget2015  DWP  Universal  working  poor  tax  credit 
march 2016 by asterisk2a
Budget 2016: the productivity and prosperity puzzle
It wasn't so much "here's a rabbit from the hat" but more: "look over there - a squirrel!" [...] [Productivity] turned out disappointingly again. And that's knocked back the growth estimates for the economy, as well as for pay, for tax revenue, and for company profits over the rest of the decade.
Britain's not alone in that. But keeping company with the USA on such numbers is not that reassuring. [...] And as that is the main, long-term driver of real pay, it means Britain's standard of living will improve from the recession, but at only two thirds of the rate we've come to expect. [ Recovery ] average year saw only 0.1% per year.
budget2016  OBR  forecast  secular  stagnation  austerity  George  Osborne  Brexit  general  election  2020  Tories  nasty  party  Conservative  Positioning  constituency  Funding  Toff  Career  Politicians  Establishment  Privileged  PIP  tax  code  HMRC  tax  evasion  tax  avoidance  industrial  policy  productivity  gap  productivity  output  gap  income  tax  receipts  job  creation  Service  Sector  Jobs  working  poor  tax  credit  low  income  working  tax  credit  low  pay  wage  stagnation  squeezed  middle  class  self-employment  part-time  Contractor  Zero  Hour  Contract  recovery  economic  history  UK 
march 2016 by asterisk2a
'Graph of Doom' warning to Highland councillors
deprived areas have low tax base to fund welfare and social care, and w demographic bubble, less income tax receipts. this is a double whammy to fund demand of babyboomers. // In a paper to councillors, officers quote research such as a London borough council's "Graph of Doom" showing the effect of spending cuts on services.
The Highland officials also make reference to political commentators describing a period of "perma-austerity" for local government.
They recommend that the council reviews its priorities.
demographic  bubble  OAP  adult  social  care  deprivation  microeconomic  policy  child  care  education  policy  elderly  care  NHS  sick  population  health  crisis  chronic  diseases  income  tax  receipts  HMRC  austerity  UK  babyboomers  Generationengerechtigkeit  fairness  pension  obligation  Public  Services  Services  secular  stagnation  western  world  Europe  economic  history  Super  Rich  1%  plutocracy  oligarchy  tax  evasion  tax  avoidance  tax  credit  Disabled  vulnerable  welfare  reform  welfare  state  social  safety  net  George  Osborne  David  Cameron  Smith  Commission  Fiscal  Framework  SNP  Nicola  Sturgeon  GP  NHS  Scotland  health  inequality  post  code  lottery  budget  deficit  Council 
march 2016 by asterisk2a
Budget 2016: George Osborne's political balancing act
Like Sherlock Holmes, we must look in this Budget for the dogs that do not bark. Four years out from a general election, this is the time in the political cycle when chancellors can take unpopular decisions. A moment, perhaps, for a big reform to our pensions or taxation. Yet the mood music emerging from the Treasury is distinctly adagio. [...] Genuinely radical plans to overhaul pension tax relief have been put on hold for fear of upsetting middle and higher earners. Proposals to cut the 45p top rate of tax are said to have gone the same way. [...] [OBR] is expected to say that the British economy is smaller than the watchdog had expected it would be when it made that prediction. As such, the Treasury would get less than it had expected in tax revenues.
budget2016  George  Osborne  Brexit  general  election  2020  austerity  Career  Politicians  Tories  nasty  party  Boris  Johnson  Conservative  OBR  secular  stagnation  HMRC  income  tax  receipts  Job  Creation  Service  Sector  Jobs  working  poor  low  pay  low  income  squeezed  middle  class  savings  rate  tax  credit 
march 2016 by asterisk2a
Budget 2016: Osborne's economic fitness regime - BBC News
[2015] 80% OF ECONOMY CONSUMER SPENDING! - The economy has enjoyed what Andrew Goodwin of Oxford Economics describes as a "sugar rush" -the equivalent of a big tax cut - or 'fiscal stimulus' - through lower petrol prices. The economy grew by 2.2% last year; 80% of that growth was down to consumer spending. "That [growth] strikes us as some distance below par given the tailwinds we have had," Mr Goodwin says. And after the sugar rush comes the sugar crash: growth is likely to be revised down in the years to come because of global economic weakness.
budget2016  budget2015  George  Osborne  policy  folly  policy  error  zombie  consumer  consumer  debt  household  debt  credit  card  debt  car  loan  student  debt  ZIRP  NIRP  QE  mortgage  rates  mortgage  market  property  bubble  Oil  price  commodity  prices  aggregate  demand  distortion  underinvestment  IFS  OBR  income  tax  receipts  HMRC  job  creation  Service  Sector  Jobs  working  poor  low  income  low  pay  squeezed  middle  class  Consumerism  Industrial 
march 2016 by asterisk2a
Robert Reich on recent development - Tax Amnesty
[ shareholder capitalism ] 2.1trn $$$ parked in offshore banking for USA alone. ... USA x times bigger. ... UK estimate of up to 20bn a year of tax evasion and avoidance. // special deal of 10% tax on repatriation of offshore funds. // this is extortion // no Principles. you either pay your taxes or you are not allowed to do business in this country. // and it is not only cash it is also property and other assets ... companies will undervalue/price their value. not to market rate. see india's tax amnesty and that loophole people and companies exploited - bit.ly/1LjzHjk // >> tax is the price you pay for civilised and modern, western society! << //
tax  evasion  tax  avoidance  HMRC  Google  Amazon  Facebook  Microsoft  Apple  tax  amnesty  lobby  revolving  door  Career  Politicians  budget  deficit  offshore  banking  UK  USA  IRS  lobbyist  lobby  lobbying  presidential  election  2016  barackobama  presidency  austerity  TPP  TTIP  Wall  Street  profit  maximisation  shareholder  value  plutocracy  oligarchy  Super  Rich  1%  No  Representation  crony  capitalism  exploitation  white-collar  crime  shareholder  capitalism  fiduciary  responsibility  Gini  coefficient  inequality 
march 2016 by asterisk2a
Common Space - Brian Souter’s Stagecoach firm found guilty of £11m tax avoidance
https://redd.it/49owu4 // HMRC had to drag this through the court! legal cost. ... Google lawyers are better and more expensive than Stagecoach Lawyers.
tax  evasion  tax  avoidance  HMRC  Google  Amazon  Facebook  Microsoft  Apple 
march 2016 by asterisk2a
Over 80% Of Jobs Added In January Were Minimum Wage Earners | Zero Hedge
most of the jobs that were created, if only on a goalseeked, seasonally adjusted basis, were of the lowest paying, worst possible quality as has been the case for the past 7 years as the BLS desperately seeks to "pad" its political mandate of providing proof in a recovery which however is impossible if it were to tell the truth. //&! https://www.reddit.com/r/Economics/comments/48xbro/jobs_report_242000_jobs_added_unemployment_rate/d0njzvb //&! http://www.zerohedge.com/news/2016-03-04/past-year-us-added-360000-waiters-and-only-12000-manufacturing-workers &! http://www.zerohedge.com/news/2016-03-04/president-obama-takes-economic-victory-lap-after-biggest-wage-drop-record
UK  USA  job  creation  Service  Sector  Jobs  minimum  wage  low  pay  low  income  precarious  work  Precariat  BLS  HMRC  DWP  Iain  Duncan  Smith  George  Osborne  David  Cameron  aggregate  demand  Richard  Koo  consumer  debt  household  debt  credit  card  debt  car  loan  secular  stagnation  recovery  GFC  austerity  trickle-down  economics  neoliberalism  neoliberal  living  wage  tax  credit  FOI  Freedom  of  Information  Act  free  market  social  safety  net  welfare  state  housing  benefit  working  poor  economic  history  squeezed  middle  class 
march 2016 by asterisk2a
Facebook to pay millions more in UK tax | Technology | The Guardian
Social media company to pay more tax as revenue from largest advertisers to be routed through UK rather than Ireland
tax  evasion  tax  avoidance  HMRC  UK  Facebook 
march 2016 by asterisk2a
Budget 2016: What will the chancellor do to pensions? - BBC News
[ changing system to collect taxes earlier, he needs some more tax income now, rather than in 40-50 years from now. ] Now, ahead of the budget on 16 March, the pensions industry is again on the edge of its seat. Amongst the rumours: The chancellor is about to abolish the 25% tax-free lump sum; the maximum annual contribution could be cut to as low as £25,000; or the whole tax relief system could be abolished, in favour of an Isa-style system of tax upfront, but tax free on the way out. So what are the chancellor's options - and which is he likely to favour? [...] After all, the title of the Treasury's consultation is: "Strengthening the incentive to save". Furthermore one Treasury minister confirmed to the BBC that this will be the main focus of the changes.
budget2016  HMRC  pension  scheme  public  pension  pension  obligation  pension  fund  George  Osborne  Tories  Conservative  Party  Policy  Makers  austerity  constituency  Party  Funding  babyboomers  ageing  population  demographic  bubble  secular  stagnation  savings  rate 
february 2016 by asterisk2a
George Osborne warns of further spending cuts in Budget - BBC News
[ LOL! ] But recent figures showing the UK economy was smaller than expected meant savings must be found in his Budget statement on 17 March, he said. [...] Mr Osborne said he would rather look for extra cuts now than risk breaking his own manifesto commitment to achieve a surplus in the budget by the end of this Parliament. The chancellor did not completely rule out raising taxes in the event of a further slowdown in growth, but said that now was not the time for "significant" tax hikes. [...] I'm absolutely clear we've got to root our country in the principle that we live within our means and that we have economic security." [...] "whole purpose of our economic plan was to have a budget surplus. [...] we got big challenges at home to make the economy more productive even as more people get work. [ because having part of your budget in the property bubble is so productive ] [...] I will do what is required to keep our country safe and secure." [ NOT CHANGING PLANS ie U-TURN ]
UK  secular  stagnation  austerity  Richard  Koo  Japan  economic  history  dogma  ideology  IMF  OECD  ChristineLagarde  economists  Paul  Krugman  Joseph  Stiglitz  Robert  Reich  David  Cameron  Tories  nasty  party  recovery  aggregate  demand  Conservative  macroeconomic  policy  microeconomic  policy  fiscal  policy  monetary  policy  Mark  Carney  BOE  City  of  London  HMRC  tax  evasion  tax  avoidance  self-employment  corporate  tax  rate  Service  Sector  Jobs  working  poor  multiplier  precarious  work  Precariat  low  pay  low  income  tax  credit  housing  benefit  income-based  JSA  Zero  Hour  Contract  Contractor  wage  stagnation  stagnation  DWP  Iain  Duncan  Smith  skills  gap  STEM  productivity  output  gap  Manufacturing  industrial  policy  neoliberalism  neoliberal  trickle-down  economics  Chicago  School  JohnMaynardKeynes  keynes  Keynesianism  Pact  Schuldenbremse  Wolfgang  Schäuble  Angela  Merkel  European  Union  property  bubble  apprenticeships  value  creation  added  value  underinvestment  productive  investment  infrastructure  investment  competitiveness  marginal  cost  energy  price  energy  policy  Hinkley  Point  C  nuclear  power  nuclear  waste  subsidies  subsidizing  corporate  welfare  lobbyist  lobby  Lobbyin 
february 2016 by asterisk2a
Thousands told their pension savings could be at risk - BBC News
[ fees ] It follows fears that dozens of companies providing auto enrolment pensions are too small to survive. The BBC has also uncovered evidence that employers and workers are being deliberately misled by some providers. The government said it was aware of the issue, and was planning to take action. Independent experts claim the problem could affect up to a quarter of a million people a year who are putting their savings into so-called master trust pensions. Such schemes are popular with the 1.8 million small employers with fewer than 30 staff who are currently signing up under the auto enrolment programme. "There is a risk of these schemes falling over; there is a risk that members might lose their money," said Andrew Warwick Thompson, executive director for regulatory policy at the Pensions Regulator. However, he said scheme assets invested through asset managers regulated by the Financial Conduct Authority (FCA) would be safe. This will be "the vast majority of cases", he said.
Tories  Privatisation  self-regulation  regulation  speculation  speculative  retirement  401k  pension  scheme  pension  obligation  pension  fund  public  pension  George  Osborne  David  Cameron  DWP  Iain  Duncan  Smith  Toff  Privileged  Establishment  Whitehall  Westminster  No  Representation  Career  Politicians  dogma  ideology  microeconomic  policy  labour  market  Conservative  Party  nasty  secular  stagnation  Generationengerechtigkeit  Wall  Street  profit  maximisation  shareholder  value  Millennials  generationy  generationx  babyboomers  City  of  London  GFC  oversight  Bank  FCA  Greed  regulators  trust  free  market  neoliberalism  neoliberal  policy  error  policy  folly  HMRC 
february 2016 by asterisk2a
Google unpaid taxes: France seeks €1.6bn from search giant - BBC News
The figure is substantially more than the £130m the search engine agreed to pay in back taxes to UK authorities. However, France's AFP news agency reported that Google might be able to negotiate and may not pay the full sum. The company's chief executive, Sundar Pichai, is visiting Paris and was due to meet the France's economy minister Emmanuel Macron on Wednesday night. It is not clear if they will discuss the tax issue. Earlier this month, French Finance Minister Michel Sapin ruled out striking a deal with the US company. [...] [ HMRC's VIP deals ] Brussels investigates Europe's competition authorities have been examining whether some deals struck by big companies with national tax authorities amount to illegal state aid. Starbucks and Fiat Chrysler were told they must pay back up to €30m (£22m) in taxes after European tax breaks were ruled illegal.
Google  Inc.  Alphabet  Inc.  tax  evasion  tax  avoidance  UK  France  George  Osborne  HMRC  European  Union 
february 2016 by asterisk2a
Five issues that will shape the Northern Powerhouse - BBC News
[ white elephant! lol & the double standard of Google paying 2% tax vs small businesses full 18%+ and not getting investment, R&D loans ] Will Hull thrive or suffer if transport is radically improved to the eastern fringe of the Powerhouse? There's no way of telling. Some people think investment in skills, education and training would be a more certain way of improving productivity - and business leaders are keen to ensure that these key elements are not forgotten in the rush for steel and tarmac. I asked former CBI director-general John Cridland, who is now head of Transport for the North, if there was any certainty that spending billions on infrastructure would improve productivity. He agreed there was no proof, but urged people to take a leap of faith - like the Victorian engineers.
STEM  skills  gap  practical  skills  apprenticeships  underinvestment  productive  investment  Northern  Powerhouse  UK  George  Osborne  David  Cameron  productivity  output  gap  recovery  carbon  tax  renewable  energy  competitiveness  competitive  industrial  policy  Germany  corporate  tax  rate  tax  evasion  tax  avoidance  conglomerate  multinational  HMRC  budget  deficit  dogma  ideology  austerity  squeezed  middle  class  job  creation  Service  Sector  Jobs  added  value  value  creation  economic  history  property  bubble  distortion  HS2  Hinkley  Point  C  HS3  infrastructure  investment  infrastructure  macroeconomic  policy  macroprudential  policy  zombie  banks  BOE  Funding  for  Lending  Scheme  Mark  Carney 
february 2016 by asterisk2a
An Alarm Goes Off Threatening The "Strong U.S. Jobs" Myth: Withheld Income Taxes Are Stalling | Zero Hedge
[#misrepresentation - FOI request to HMRC - job creation, ask for list of annual salary 2009 - till now - picture emerges of mostly low pay jobs. with more and more job qualifying for tax credits. ask also for numbers of tax credits during the "recovery" and also income based job seeker allowance, people just working 16hrs or less. - also housing benefit. / also the numbers and incomes for self-employed and their income development during the recovery, do they grow their income? or do they make ends meet? ] The best example of this is when looking at the growth of federal income and employment tax withholdings, the broadest and most timely read on the health of the job market, which as Jed Graham writes, "has been sinking at an alarming rate." While for most of 2015, tax withholdings rose at a rate of 5% or more from a year ago, on the back of job growth and gains in wages, commissions and other incentive pay, in recent months there has been a substantial dropoff in this key indicator.
FOI  UK  USA  recovery  Service  Sector  Jobs  economic  history  secular  stagnation  George  Osborne  wage  stagnation  low  pay  low  income  labour  market  precarious  work  Precariat  working  poor  disposable  income  discretionary  spending  income  growth  part-time  Zero  Hour  Contract  Contractor  self-employment  HMRC  IRS  Freedom  of  Information  Act  austerity  David  Cameron  nasty  party  PR  spin  doctor  Positioning  misrepresentation 
february 2016 by asterisk2a
Google defends UK tax arrangements - BBC News
VIP deal. // HMRC says it is constrained by the complicated tax laws. If they are to change, it is politicians who need to act. [ BUT Tories see no need 4 change! >> bbc.in/1UtqLHU ] // "We want to pay the right tax." - bbc.in/1PFmYDW //&! Spin Doctor Osborne and Positioning at work! - bbc.in/1KHXx7N - as if Google approached HMRC and as if 6 years investigation doesn't count << Osborne is misrepresenting! Osborne also cut HMRC stuff stupid! in his 2010 budget //&! Cameron defends Google tax deal after criticism - bbc.in/1o2xEFg - effective tax rate 3% ... HMRC citing laws preventing to collect more, bc UK does not outlaw tax arrangements like Dutch Sandwich and Double Irish and Cayman Islands (reps from this countries say it is up to UK to outlaw such arrangements for their domiciled businesses and turnover in their country!) //&! bbc.in/1Qz7uFL - Paying more tax, no rules changed, HMRC and Tories deal (Party Funding at risk); just more not the full amount.
Google  tax  evasion  tax  avoidance  Google  Inc.  HMRC  George  Osborne  budget  deficit  austerity  Career  Politicians  No  Representation  lobbyist  lobby  Lobbying  revolving  door  corporate  tax  rate  double  standard  conglomerate  multinational  Wall  Street  shareholder  value  profit  maximisation  plutocracy  oligarchy  Super  Rich  1%  social  democracy  democracy  inequality  Gini  coefficient 
february 2016 by asterisk2a
Email Shows How Google Gets Things Done In Washington - BuzzFeed News
[ tech; winner takes all ] Shelton’s email, which has not previously been disclosed, shows the extent to which Google has tried to wield influence in Washington. The search giant, which has spent years battling the FTC on various fronts and is currently facing separate antitrust charges in Europe, has built a prodigious lobbying operation that it deploys on matters large and small. //&! Rich, Powerful, And Under Investigation: Google Is The New Microsoft The European Union has filed charges alleging Google uses its dominance of the search market to stifle competition. The complaint brings back memories of Microsoft, back in the days when it made competitors tremble. - bzfd.it/1SKbPIc
antitrust  anti-competitive  Google  Inc.  Alphabet  Inc.  FTC  USA  European  Union  Europe  lobbyist  lobby  Lobbying  revolving  door  UK  tax  avoidance  tax  evasion  Apple  Facebook  Microsoft  Career  Politicians  IRS  HMRC 
february 2016 by asterisk2a
DWP post for Amazon boss is 'disgusting', says Margaret Hodge | Business | The Guardian
The Labour MP and tax campaigner Margaret Hodge has described as “disgusting” a plan to give an executive of online retailer Amazon, one of the companies at the centre of an intensifying row over taxes, a directorship at the Department for Work and Pensions. Hodge was responding to the news, first revealed by Sky News, that Amazon’s head of Chinese operations, Doug Gurr, is to become a non-executive director of the DWP. The DWP said it would issue a statement, which was not available at the time of publication. Amazon declined to comment. [...] Amazon’s UK business paid just £11.9m in tax in 2014, even though its Luxembourg unit took £5.3bn from internet sales in the UK. [...] [ in private VIP tax deals, double standard, no representation, no democracy. one rules for the oligarchy/plutocracy and another for the peons. ] [ amber rudd - tobacco ties ] [ judgement call by George Osborne to make tax deals and not make everyone equal however big or small they are ]
tax  evasion  tax  avoidance  DWP  double  standard  democracy  HMRC  No  Representation  oligarchy  plutocracy  1%  Super  Rich  Wall  Street  shareholder  value  profit  maximisation  lobbyist  lobby  Lobbying  revolving  door  Amber  Rudd  Westminster  Policy  Makers  folly  Party  Funding  constituency  nasty  neoliberalism  neoliberal  trickle-down  economics  corporate  tax  rate  corporate  welfare  subsidies  subsidizing  Tories  Conservative  Party  George  Osborne  David  Cameron  fairness  Generationengerechtigkeit  bank  bailout  austerity  budget  deficit  Toff  Privileged  Establishment  GFC  recovery  economic  history 
february 2016 by asterisk2a
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