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Posts Tagged ‘tax dodging’

Close the Mayfair tax loophole

February 19th, 2015 by

Exposed: the government isn’t just turning a blind eye to tax-dodgers. It’s actually helping them.

The government has rubber-stamped a legal loophole that allows millionaire finance bosses to pay a lower rate of tax than many nurses and teachers. It’s government-sponsored tax avoidance, and it’s losing us up to £700 million a year.

The scandal is making waves in the news today. It’s the latest in a string of tax-dodging headlines – and Osborne’s position is getting weaker by the day. A huge people-powered petition now will show him that he can’t stay silent any longer. Together, 38 Degrees members can demand he cracks down on tax-dodging – and that starts with closing the Mayfair loophole.

38 Degrees members exposed this scandal. Hundreds of thousands of 38 Degrees members voted to get this campaign going, and almost 6,000 of us chipped in to fund experts and lawyers to investigate, produce an explosive report, and work out how to fix the law. Read the full report here. Now we know the truth, and it’s down to us to get this loophole closed.

Our people-powered report proves that tackling tax avoidance isn’t rocket science. We already know what simple change to the law we’d need (page 13 of the report). Now, it’s a question of whose side George Osborne is on.

With tax dodging all over the news, he’s desperate to convince the public he’ll crack down on it – but so far he’s coming off badly. Today’s outrageous scandal has given Osborne even more bad press on tax dodging. Just weeks before the election, he’s desperate to shut this debate down – and a huge petition is the last thing he wants.

38 Degrees members fight for fairness. It’s hard to believe that money which should be funding the NHS is going to millionaire finance bosses instead. Standing together against this Mayfair loophole will show that when it comes to tax dodging, the fight’s only just begun.

Sign the petition here.

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Your decision: 14th February

February 16th, 2015 by

Every week a group of 38 Degrees members vote on which issues our movement should prioritise and which campaigns to get behind. Here are the results for last week.

Protecting the NHS by stopping the government’s dangerous plans like privatisation and closing A&E departments has come top this week followed closely by campaigning against TTIP and cracking down on tax dodging.

The next biggest issues were: campaign to protect forests in the Lake District from being sold off and campaign for education policies that enable every child to reach their full potential.

You can see how 38 Degrees members voted on other issues on the graph below. The blue on the graph shows how many people answered ‘a lot’ in support of the campaigns listed, the red represents people answering ‘a little’, and the orange is ‘not at all’.

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Tax Dodging: Where do candidates stand?

February 11th, 2015 by

Banking giant HSBC has been helping the richest people in Britain dodge a ton of tax. Our politicians have a shameful track record of turning a blind eye. They let banks and hedge funds exploit loopholes and use shifty accounting to dodge the tax that should be paying for our hospitals and schools.

38 Degrees members have been writing to candidates in their constituents asking them to commit to stamping out tax dodging if elected. Responses from candidates are being recorded using the form below. The more of us they hear from, the more it’ll prove that their voters want them to take a strong stand on tax dodging. And once they’ve made promises, we can hold them to it after the election.

Once you get a response from a candidate in your area click here to add it into the table below. You’ll click through to an online form – just pop in your response from your MP or candidate.

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Tax campaign: Yes or No?

February 3rd, 2015 by

The tax dodgers are at it again. Private equity bosses – some of the richest people in the country – are using a legal loophole to avoid paying their fair share in tax.

They’re secretly using a tax break which is meant for small businesses. It means they’re paying a lower rate of tax than their office cleaners, or the nurses who care for them in their hour of need.

The government isn’t investigating.  So should 38 Degrees members step in? Together, we could expose this scandal, and stop the tax dodgers in their tracks.

Should we campaign together to get the loophole shut down?
Click here to say YES
Click here to say NO

We’ll need to act fast. George Osborne is preparing his March Budget now. He won’t want to be embarrassed by the fuss of a tax dodge going on right under his nose. Together, if we make enough noise, we could force him to close this loophole when he stands up to give his speech in six weeks’ time.

There are powerful people behind this sweetheart deal – but that’s never stopped us before. We’ll need proof, and that means investigating this tax loophole: who’s behind it, how it works and how to close it. It’ll need an expert – someone who knows the ins and outs of tax dodging.

The rest is up to us. Together, 38 Degrees members can expose this dodgy loophole and take our demands directly to Osborne.

38 Degrees members stand up for fairness, and this tax dodge is fundamentally unfair. While the rest of us are working hard to pay our fair share of tax to keep the country going, crafty investors are being allowed to play by different rules. It’s time to stop that.

 

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Your decision: 24th January 2015

January 26th, 2015 by

Every week a group of 38 Degrees members vote on which issues our movement should prioritise and which campaigns to get behind. Here are the results for last week.

Protecting the NHS by stopping the government’s dangerous plans like privatisation and closing A&E departments has come top this week followed closely by campaigning against TTIP and cracking down on tax dodging.

The next biggest issues were: campaign for education policies which allow all children to reach their full potential, and campaign for fair prices for dairy farmers.

You can see how 38 Degrees members voted on other issues on the graph below. The blue on the graph shows how many people answered ‘a lot’ in support of the campaigns listed, the red represents people answering ‘a little’, and the orange is ‘not at all’.

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Your decision: 13th December

December 15th, 2014 by

Every week a group of 38 Degrees members vote on which issues our movement should prioritise and which campaigns to get behind. Here are the results for last week.

Protecting the NHS by stopping the government’s dangerous plans like privatisation and closing A&E departments has come top this week followed closely by campaigning against TTIP – the trade deal that threatens our public services with permanent privatisation and would give companies the power to sue our government.

The next biggest issues were cracking down on tax dodging by big companies and making affordable housing a key issue in the General Election next year.

You can see how 38 Degrees members voted on other issues on the graph below. The blue on the graph shows how many people answered ‘a lot’ in support of the campaigns listed, the orange represents people answering ‘a little’, and the grey is ‘not at all’.

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Cuts, cuts and more cuts…

December 8th, 2014 by

There’s been a lot of talk about money over the last week. Last Wednesday George Osborne, the chancellor, laid out the government’s tax and spending plans in the last big budget announcement before next year’s elections.

We’ve already seen £35bn of spending cuts – but £55bn more are coming. And the government still hasn’t outlined everything they plan to cut.

38 Degrees members have been talking about the government’s plans on social media. James Meadway, an economist from the New Economics Foundation (nef), has been helping us make sense of it all. [1]

The discussion is still going on. Just click ‘like’ on the Facebook page to join in, or leave a comment below if you’re not on Facebook:
https://secure.38degrees.org.uk/facebook

 

Here’s some of what we’ve have been talking about together since Wednesday:

  • Anger that the welfare state is facing huge cuts when the rich carry on getting richer
  • Concern that the government is trying to destroy public services so that private companies can buy them up on the cheap
  • Unease that the ‘have nots’ – the sick, disabled and the vulnerable – will suffer the most from cuts to welfare, while the rich will profit
  • The problem of closing tax loopholes and stop tax dodging
  • The need for a green economy

Tax
On Wednesday Osborne announced a 25% tax on companies like Google and Amazon when they move profits abroad to avoid paying tax in the UK. But Lucy on Facebook wanted to know: “will the announcement about the 25% tax on profits for multinationals really stop big companies like Google tax dodging?”

Among suggestions from members like introducing a “Land Value Tax” or a corporation tax, James from nef made the point that Osborne’s tax announcement was “unlikely to be effective as a single measure – tax avoidance is effectively a systemic problem, so unless you address a range of issues at once (including closing tax havens), it’s not clear you’ll get too far on it.”

Welfare and the deficit
Steve asked “Why are the poor and disabled being punished by benefit cuts (leading to suicides and deaths in some cases), yet no bankers have been punished for gambling away billions?” And Ruth wanted to know “Given that the deficit has fallen much more slowly than expected, how realistic is it to expect a surplus in five years time?”

James made the point that “official forecasts from the Office for Budget Responsibility for this depend on continued high (if lower rate) growth, a big rise in tax revenues, and low interest payments. OBR forecasts don’t have a good record – they are the people who originally thought the deficit now would be £40bn rather than £91bn.”

A greener economy
Other members voiced concern about the lack of a vision for a green economy. Gareth and Margaret asked “How do we motivate government to switch their subsidies (our taxes) to renewables from fossils?” and commented that “No investment is being made in the future of the UK or indeed the Planet.”

There is a feeling from many members on Facebook that austerity measures don’t work and are unfair, and a concern that announcements on stopping tax dodging won’t be effective. So what do you think?

The discussion is still happening – why not visit the 38 Degrees Facebook page to get involved?
https://secure.38degrees.org.uk/facebook

And if you’re not on Facebook, just leave a comment below.

NOTES
[1] New Economics Foundation: James Meadway:
http://www.neweconomics.org/people/entry/james-meadway

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Your decision: 22nd November

November 24th, 2014 by

Every week a group of 38 Degrees members vote on which issues our movement should prioritise and which campaigns to get behind. Here are the results for last week.

Protecting the NHS by stopping the government’s dangerous plans like privatisation and closing A&E departments has come top this week followed closely by campaigning against tax dodging by big companies.

The next biggest issues were: the government cracking down on charities’ freedom of speech, fracking and green energy cooperatives.

You can see how 38 Degrees members voted on other issues on the graph below. The blue on the graph shows how many people answered ‘a lot’ in support of the campaigns listed, the orange represents people answering ‘a little’, and the grey is ‘not at all’.

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Your decision: 10th November

November 10th, 2014 by

Every week a group of 38 Degrees members vote on which issues our movement should prioritise and which campaigns to get behind. Here are the results for last week.

Protecting the NHS by stopping the government’s dangerous plans like privatisation and closing A&E departments has come top this week followed closely by cracking down on tax dodging.

The next biggest issues were: fracking, climate change and education policies that enable every child to read their full potential.

You can see how 38 Degrees members voted on other issues on the graph below. The blue on the graph shows how many people answered ‘a lot’ in support of the campaigns listed, the orange represents people answering ‘a little’, and the grey is ‘not at all’.

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Your decision – 20th September

September 22nd, 2014 by

Every week a group of 38 Degrees members vote on which issues our movement should prioritise and which campaigns to get behind. Here are the results for last week.

Protecting the NHS by stopping the government’s dangerous plans like privatisation and closing A&E departments has come top this week.

The next biggest issues were: cracking down on tax dodging by big companies, campaigning for the main political parties to make NHS funding pledges at party conferences, and more protection for NHS whistleblowers.

You can see how 38 Degrees members voted on other issues on the graph below. The green on the graph shows how many people answered ‘a lot’ in support of the campaigns listed, the blue represents people answering ‘a little’, and the yellow is ‘not at all’.


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