The Socialist 29 October 2014 |
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Them & Us
Chancellor George Osborne told a bemused Tory audience at their recent conference that the government is cracking down on aggressive corporate tax avoidance. Odd then that Facebook's UK corporation tax bill was only £3,169 compared to its net profit last year of $1.5 billion.
It seems that Facebook simply funnelled its UK sales through its European HQ located in the Republic of Ireland.
Times must be hard when MPs have to moonlight. In the case of 20 MPs their second job, with earnings of over £100,000 a year, will certainly help pay the household bills. These include ex-ministers in the current coalition government.
Raking it in are former Labour prime minister Gordon Brown, who scooped £492,331; Respect MP George Galloway with £265,350; and Tory MP Sir Nicholas Soames on £253,598, to name three.
According to the Guardian, 26 MPs "earned more from directorships, paid employment or shareholdings than they did from their parliamentary salary".
In total, MPs trousered £7.1 million from their outside earnings.
Deeper in debt
Health care was the most common cause of debt collections in the USA last year - accounting for 38% of the total. It underlines the nightmare situation of millions of workers and their families faced with a prohibitively expensive, privately run health care system.
Sticking with the US, as the wealth of the super-rich has rocketed the median household (which lies statistically at the middle of the income scale), has become $50,000 poorer since 2007.
One reason for PM David Cameron refusing to wear a pro-feminist t-shirt could be because the UK has dropped out of the top 20 most gender-equal countries in the world for the first time. This relegation comes after women's average wages fell by £2,700 in one year.
According to the World Economic Forum the UK was behind 25 countries when it came to men and women having the most equitable life chances in health, work and education.
Since the onset of the world capitalist recession in 2008 the number of children falling into poverty is 2.6 million greater than the number who have been lifted out of it according to a new report by Unicef. The child poverty rate in the UK has risen from 24% to 25.6% in this period.
What we saw
One million refuse to register for water charges
Video of Paul Murphy, Socialist Party TD, Republic of Ireland, ripping up his Irish Water pack