#AceFinanceNews – LONDON – HMRC – April 12 – According to the article in the BBC News today George Osborne is intending to clamp down on tax dodgers or people with overseas bank accounts.
My first question does this include the tax authorities and MP’s that have companies, shareholdings or private trusts in offshore domains?
Or just as he put it only people who hide their money overseas to avoid paying tax.
His plan is that they will face bigger fines and could be jailed more easily under government plans to fight tax evasion, but no mention of tax avoidance (A legitimate way for those who are rich enough to AVOID) taxation. All in the name of business be it investment, reinvestment or company and corporate liability strategy.
He went onto say he intends to prosecute but at present, tax officials must prove a person holding income offshore has intended to evade tax.
Once again avoiding tax is not mentioned.
He continues – But under a new criminal standard officials would only have to show money was taxable and undeclared.
An onerous statement to say the least.
As no one would have to prove they owe it as according to HMRC Officials, they say under their new rules you do!
I imagine human rights organisations will have something to say about that change.
He then says – The changes would mean there was “no safe haven” for those evading tax.
No mention of not avoiding, once again.
But Labour’s shadow exchequer secretary to the Treasury said the government was “failing to tackle tax avoidance and evasion”.
A consultation will be held to let the public have their say on the plans.
Should you care to read his article it is at http://www.bbc.co.uk/news/uk-politics-26998208
Council House, Birmingham (1) (Photo credit: Wikipedia)
Jane Dudman asks whether the unprecedented local authority cuts will result in the end of local government as we know it. She highlights the situation in Birmingham. “The figures are staggering: £600m must be taken out of Birmingham City Council‘s budget alone by 2017. As historian and Labour MP Tristram said: ‘the cuts put at grave risk the heroic, civilising function of local government,’” she writes. Privatisation and outsourcing, the mantra of right-wing governments, no longer hold much appeal, she adds.
I read this story with dismay as the word ” Good ” has many onerous ways to be understood! The free dictionary has many ways to tell us how it should be used, please read it at this link http://www.thefreedictionary.com/Good
The good l mean is who decides one man or woman is good and by what guidelines do we apply this meaning? If we refer to one person being good at sport ,do we believe those people get a council house first! Or maybe someone who teaches our children and who earns enough, to pay for a home and does not need this type of help! Or maybe simply the tramp in the street, who for no fault of his own is on their uppers! Once a shopkeeper and a supermarket is allowed to open up and his business goes crash!
So l look at good as what one person does for another and not by what that person expects in return! The meaning of giving of oneself for no reward is a seldom gift and so easily abused, by us and our society!