Wednesday, 22 May 2013

Oxfam accuses UK Government of tax hypocrisy

David Cameron Departs Downing Street To Face Prime Minister's Question

People who avoid paying tax by stashing their money in tax havens could have contributed enough to end extreme poverty across the world twice over.

Oxfam calculated that individuals, rather than companies, have deprived UK government of £100bn in revenue. It also accused the Government of failing to tackle the issue of UK tax havens, while talking tough about corporate tax avoidance.

Oxfam claimed that more than a third of the £12 trillion held in tax havens by individuals around the globe is believed to be in British Overseas Territories and Crown Dependencies.

Read the full article at Sky News.

Rag - There's no way it will change. Taxing ordinary people was introduced to finance the whims of Kings. It was never meant to target the elite class and one way or another, it probably never will. 

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