10 December 2012

Not Very Taxing

Say you went into a shop.  You were looking to buy a television.  You see one that you want and it is priced at £799.00.  You call the assistant over and he proceeds to tell you that if you fill out a little extra paperwork, you can get the television for £550.00.  What do you do?
Well personally, if that was me, I’d fill out the extra paperwork and get the cheaper television.

Although Jimmy Carr was the scapegoat, there are many celebrities who have been using a scheme in order to avoid tax.  This is perfectly legal and is a loop hole in the tax laws.  If I were a millionaire and had been told by my accountant that I could save a fortune, would I do it?  Of course I would.

The same can be said for the large companies such as Starbucks, Amazon etc who are also avoiding paying tax to the UK.  They found the loop holes, they are using them.

I don't see the point in people saying that they are going to boycott Amazon and co until the tax situation is resolved.  What is actually the point?  For the very small amount of people that will actually boycott, not including the "I will boycott, but actually are just saying it" people, the effect to the large companies will be barely visible.
What we need is for the Government to completely redo the taxation laws.  Considering we are in a complete economic crisis, this only makes sense.    There are millions upon millons of pounds there for the taking if only the Government firmed up taxation and closed the loop holes.
The times for the Government protecting their friends and their own interests has to come to an end.  In the age of Twitter, Facebook and blogging, people have found their voice in a number never seen before. 
It's time the Government were held accountable by the people that it serves.   This will only happen if we realise who are the people that are accountable.  It's the law that needs changing, not your coffee provider.

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