Osborne likes to tell us he’s keen on cracking down on tax avoidance. Ha, ha. He’s allowed multinationals with a finance subsidiary in a tax haven (and 98% of the FTSE-100 have one) to pay corporation tax at just 5.5% instead of the current 23% – meaning you needn’t worry about tax avoidance because I’m serving it up to you on a plate. He’s brought in another tax scam whereby any company that introduces a patent has its corporation tax on the all the company’s activities more than halved to just 10%, even if the patent involved only a tiny fraction of those activities.
Posted on: Sun, 15 Sep 2013 13:28:39 +0000