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.

Advertisements

2 thoughts on “Shocking news!

  1. Pingback: free likes facebook

  2. Pingback: like on facebook

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s