Dr Alf wonders why Google can keep evading tax along with other multinationals and whether the Republicans are helping them.
The truth is, now that Dr Alf is back from his travels across Cyprus, he should look a lot closer to home to George Osborne and David Cameron, who talk tough on taxes for public consumption but then give a nod and a wink to tax evasion by their own suppliers such as State Street who are going to manage Auto Enrolled Pensions and people like BT.
Both these companies have offices within the Dublin Financial District where I was in the Summer and are effectively paying the Irish Government 3% Corporation Tax.
Private Eye goes into more detail but there is a revolving door between Big 4 Accountancy Partners, the Treasury and the finance functions of large multinationals.
Essentially the rich and very powerful pay no tax or very little and multinationals are the same.
Currently Eon and Vodaphone have paid no Corporation tax for a decade and the privatized Royal Mail will be the same.
The Pension liabilities of the Royal Mail will be landed on the taxpayer whereas the Postal Unions should have been surcharged for the actions of their members who brought this upon us all by encouraging strike action by their members that has damaged the public and businesses.
Even under Miliband, I can see no change with the only quid-pro-quo being job creation.
Happy to debate alternative views?
- The Great Post Robbery has begun as bankers snap up Royal Mail shares (socialistworker.co.uk)
- Royal Mail shares close 38% up (thisismoney.co.uk)
- A hard look at the European Commission and multi-nationals’ tax evasion – John Gelmini (dralfoldman.com)
- Royal Mail soars on stock market debut (kansascity.com)
- Royal Mail shares rise to 456p (bbc.co.uk)
- Royal Mail soars on stock market debut (news.yahoo.com)
- Post haste: Royal Mail shares surge on debut as thousands lose out (standard.co.uk)
- Royal Mail share buyers make instant £250 as price soars (theguardian.com)
- Royal Mail worth 82% more than government’s valuation, analyst claims (theguardian.com)
- Royal Mail: postmen given shares will ‘take the money and go on strike’ (telegraph.co.uk)
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