WHAT IT WAS REALLY ABOUT ALL ALONG
CORPORATE TAX AVOIDANCE
Throughout the world, corporate tax avoidance is a colossal problem. And by far the biggest enabler of corporate tax avoidance, with its global network of secretive tax-haven territories, is the UK:
“Britain has single-handedly done more to undermine the world’s tax system than any other nation…Tax haven territories linked to Britain are responsible for around a third of the world’s corporate tax avoidance risk.” (Ben Chapman,
Independent, 28 May 2019)
Britain itself is badly affected by unpaid corporate tax, yet the Conservative Party has done little to address the matter. This seems particularly galling when we consider that the amount of missing tax per year is about the same as the total reduction in welfare spending in the name of austerity (over £30 billion).
In 2016 (note the year), the EU published its planned Anti-Tax Avoidance Directive which seeks to tackle the thriving culture of corporate tax avoidance. From January 2020, the new law will require anyone with offshore accounts and investments to disclose them to enable full scrutiny so they can no longer get away with tax-avoidance and evasion.
Continuing membership of the EU, or just the single market, means that the UK must adopt and enforce this anti-tax avoidance policy on itself.
This obviously conflicts with all those major companies and business owners who dodge taxes, as well as numerous leaders of poorer countries who are secretively hoarding and laundering money with the help of British offshore banks.
A hard Brexit or no-deal Brexit, on the other hand, means business as usual.
This is the plain and simple reason why so many of the most powerful supporters of Brexit - wealthy business tycoons who also happen to be named in the Paradise Papers - suddenly began proclaiming that Britain had to leave the EU, the sooner and harder the better. These include:
Aaron Banks, highly dodgy owner of an offshore bank who donated £8.5 million plus another £6 million in so-called loans to Nigel Farage’s Leave campaign.
The Barclay brothers, owners of the relentlessly pro-Brexit
Telegraph newspaper and
Spectator magazine, who live in the Channel Islands to avoid paying UK taxes.
Jacob Rees-Mogg MP, currently in Boris Johnson’s cabinet as Leader of the House of Commons; chairman of the Conservative Party’s shadowy ‘European Research Group’
As soon the EU’s anti-tax avoidance directive was announced, these and others like them set about portraying the EU as the great enemy of Britain, an ‘undemocratic elite’ causing misery for ordinary Brits.
Sadly, many ordinary Brits fell for it.
But then…things didn’t quite work out as planned.
After she became Prime Minister, Theresa May spent a long time with other EU national leaders working out and agreeing on a pragmatic Brexit plan.
But when this huge Withdrawal Agreement finally came out, some of the most prominent Brexiteers were deeply unhappy with it.
Why?
Because at the back of the document there was a commitment by the British Government to retain the EU’s new anti-tax avoidance laws.
Suddenly, the Prime Minister was being branded a ‘traitor’. A column in
The Telegraph literally suggested that she was ‘guilty of treason’.
But if
another Prime Minister could be found…preferably an unprincipled opportunist who will say and do absolutely anything to get into 10 Downing Street…
With so many shady groups and individuals — British, American and Russian — funding UK politicians to say whatever it takes in order to produce the hardest Brexit possible, it really begs the question: Who is the current government actually working for?
More:
https://www.quora.com/Why-are-Remai...fd4wQYKSQ17kFmCsXqWWGZnd9runwZtsX1kMEejZ8GPSk