British Politicians Blame One Another for Unexpected Flooding – NYTimes.com

This is an excellent MUST READ article from the NYT on the UK’s flooding disaster. Check it out!

via British Politicians Blame One Another for Unexpected Flooding – NYTimes.com.

Once again the political classes are throwing mud at each other, and bureaucrats on gold-plated pensions are taking the money and probably not doing their job effectively.

Surely, the politicians and the bureaucrats should be held to account?

Any thoughts?

The New York Times

The New York Times (Photo credit: Scott Beale)

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Opinion: Google could face multi-million pound bill after paying just £11.6 million in tax in 2012 | Mail Online – John Gelmini

HM Revenue & Customs

HM Revenue & Customs (Photo credit: jam_90s)

The words “could face” give the game away.

Google will face next to nothing and even if they are made to pay something more to HMRC all they will do is get rid of some people and the taxpayer will end up paying their dole and will save nothing.

Dr Alf’s solution of giving HMRC more clout and resources will not work either because the multinationals employ the best lawyers and accountants and can run rings round HMRC or any of our Civil Servants who are not streetwise enough and far too predictable.

They are capable of going after “little people” like Avon ladies, taxi drivers, fish and chip shop owners and micro businesses which trade on the internet through UK registered websites.

When it comes to major multinationals like Amazon, Microsoft, Google, Vodaphone, Arcadia Group PLC, Virgin PLC, Arcelor Mittal, Eon, Glaxo SmithKline and others HMRC is a toothless paper tiger.

The solution is to have lower and flatter rates of corporation and personal tax which eliminate the need for tax evasion and encourage money held offshore to be brought back onshore.

Singapore manages this with stringent compliance and tax rates higher than those prevailing in the Dublin Financial District where Google bases its European operations and is poised by 2016 to be the 2nd global financial center whilst the City of London is relegated to 4th position.

The problem is tax rates which are too high in the UK, too much Government waste, an unaffordable public sector, far too many civil servants, too many lazy and unproductive people and malfeasance arising from the plundering of the public purse which has been going on for years.

John Gelmini

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