Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: https://secure.socialistparty.org.uk/issue/844/20124

From The Socialist newspaper, 18 February 2015

Them & Us

Vanilla fudge

Ed Miliband claimed a political victory after Lord Fink retracted his threat to sue the Labour leader who, in a parliamentary bun fight with Prime Minister David Cameron, had accused him of being a "dodgy donor" to the Tories.

Former Tory party treasurer Lord Fink, who gave £3 million to his party, is named on the HSBC tax avoiders list but claimed he had only set it up to 'pay for the groceries' during his stay in Switzerland. Later, Fink's admitted engaging in 'mild' or "vanilla, bland" tax avoidance, as "everyone" does

However, before Miliband gets too smug perhaps he should explain Lord Paul's £500,000 donation and £2 million loan to the Labour party? Once a Labour peer, Lord Paul is also a named client of HSBC's Swiss branch. Does he not qualify as a 'dodgy donor'?


By your friends...

HSBC banking giant is in the doghouse but there's another tax avoidance tale. It's about the cosy relationship between global accountancy giant PricewaterhouseCoopers (PwC) and the Tories. Oh yes, and Labour.

MPs on the Public Accounts Committee have accused PwC of promoting tax avoidance by multinational companies "on an industrial scale" while enjoying lucrative government contracts.

PwC provided the Tories with staff technical support and professional advice worth £290,000 before the 2010 general election. However, it seems that PwC has hedged its bets by providing researchers to the offices of shadow chancellor Ed Balls and shadow business secretary Chuka Umunna worth a total of £163,000.


Exclusive advice

Speaking of tax avoidance... Cameron's wife, Samantha, works as an 'advisor' to luxury stationers Smythson. This company is owned via a holding company in Luxemburg and linked to a trust fund in Guernsey, both tax havens.


It's all Balls

In the wake of the HMRC scandal Labour Shadow Chancellor Ed Balls says Labour will crack down on tax dodgers. However, the party's track record in office doesn't exactly inspire confidence.

The number of 'non-doms' (typically, super-rich residents who claim 'non-domiciled' status to avoid paying taxes) in the UK exploded under Labour's Tony Blair premiership. They rose from 67,600 to 137,000 between 1997 and 2007. Fellow minister Peter Mandelson said the government was "intensely relaxed about people becoming filthy rich", so long as they paid their taxes.


What we saw

The Chancellor's advice - how to avoid paying taxes!


Tory Chancellor George Osborne back in 2003 on BBC2's Daily Politics show advising viewers to use "clever financial products" to avoid paying inheritance tax and care costs!

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 18 February 2015:


Socialist Party news and analysis

Workers' pay down £2,500... Bosses' pay up £700,000

HSBC tax dodging scandal

How the super-rich get away with it

Them & Us


Socialist Party congress

Preparing the forces to fight capitalist austerity


International socialist news and analysis

Greece: If the Troika does not back down?

"Dogs of war" unleashed against water tax movement


Trade Unionist and Socialist Coalition

"Vote for hope and an alternative"

"I want to tell the truth about the crime of austerity"

Socialist Party election appeal


Socialist Party workplace news

Support the firefighters

Lewisham: striking against 'academisation'

London bus strike suspended - prepare for more action

Protest wins reinstatement of Crossrail worker

Tories' probation disaster

Fighting for a £10 minimum wage


Socialist Party reports and campaigns

Fighting racism with Solidarity Street

Labour council to deal 'savage blow' to Coventry

Campaign news in brief

May Day greetings with the Socialist


Socialist Party comments and reviews

"Driver, why are you late?"

Decades of disastrous and bloody interventions

Shallow look at racist far right

Individual registration excludes voters...


 

Home   |   The Socialist 18 February 2015   |   Join the Socialist Party

Subscribe   |   Donate   |   PDF  |   ebook






Related links:

Them & Us:

triangleThem & Us

triangleThem & Us

triangleThem & us

triangleThem & Us

triangleThem & us

Taxes:

triangleTake the wealth off the super-rich

triangleBillionaires avoid paying and even talking about tax! Take the wealth off the 1%

triangleBig drugs companies dodge £3 billion pounds in tax

triangle600 more retail jobs on the line: workers must not pay for the bosses' high street crunch!

Tax:

triangleNewham council tax workers' pay victory

triangleEaling tax office workers strike against closure

triangleSadiq Khan "out-Tories" himself to defend tech firms' tax bonanza

Labour:

triangleLambeth Unison letter

triangleWhat We Heard

Tories:

triangleThe rich fund the Tories and Blairites, so help fund the working-class fightback

HSBC:

triangleFinancial hardship facing millions of cancer sufferers

Government:

triangleTackling climate change: Johnson emits huge quantities of hot air!

Ed Balls:

triangleSuprise rally with Jeremy Corbyn in Morley

News and socialist analysis

News and socialist analysis

12/2/20

Terrorism

Streatham attack: Johnson's bill can't stop terror

12/2/20

Cuts

How to resist Tory attacks on local communities

12/2/20

Trade unions

Trade unions - new decade, new challenges

12/2/20

London

Council houses - not private property developers

12/2/20

Councillors

Cuts councillors are the real problem

12/2/20

NHS

NHS debt so high it can't be repaid - so don't pay it!

12/2/20

NHS

Unnecessary surgery scandal shows need for democratic control of NHS

12/2/20

NHS

NHS: Fight for full funding!

12/2/20

What We Heard

What We Heard

12/2/20

Them & Us

Them & Us

12/2/20

Windrush

Windrush deportations: end the hostile environment

5/2/20

Domestic violence

Refuges turn away 64% of women - set no-cuts budgets now!

5/2/20

Labour leadership

Labour leadership contest and public ownership

5/2/20

Healthcare

Coronavirus exposes capitalism's weaknesses in healthcare and economy

5/2/20

Rail

Expensive, overcrowded and unreliable: Renationalise the railways!

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

LATEST POSTS

CONTACT US

Phone our national office on 020 8988 8777

Email: info@socialistparty.org.uk

Locate your nearest Socialist Party branch Text your name and postcode to 07761 818 206

Regional Socialist Party organisers:

Eastern: 079 8202 1969

East Mids: 077 3797 8057

London: 020 8988 8786

North East: 078 4114 4890

North West 079 5437 6096

South West: 077 5979 6478

Southern: 078 3368 1910

Wales: 079 3539 1947

West Mids: 024 7655 5620

Yorkshire: 077 0671 0041

ABOUT US

ARCHIVE

Alphabetical listing


February 2020

January 2020

2019

2018

2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999