Shocking news!

It was reported by the BBC today that

Chancellor George Osborne says he is “shocked” that some of the UK’s richest people have organised their finances so that they pay virtually no income tax.

Now, call me a cynic if you like, but I suspect the chancellor is not as shocked as he claims to be. He certainly ought not to be. But this is not the point I want to make.

In a sidebar to this article, a BBC business reporter asks:

How is Mr Osborne going to force these people to cough up more?

The answer, of course, is that he can’t. Doing so would make the UK ‘uncompetitive’ in the global marketplace. So taxing the rich – the 1%, as they have become known – is just one more issue that can only be solved by a Simultaneous Policy approach.


2 thoughts on “Shocking news!

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