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Tory tax avoidance extends to the EU

Prime Minister David Cameron has found himself to be £1.7bn in arrears with the European Union. Unfortunately, the usual Conservative tactics of fiddling inheritance, offshore banking or declaring expenses as a ‘duck moat’ have been met with short shrift by finance minister Jose Manuel Barroso.

Cough it up

Cough it up

That this tax bill is a ‘surprise’, is in itself is a ‘surprise’ given that increases in UK growth were always going to result in greater contributions. One puzzled EU Commissioner said: ‘When you earn more, you pay more tax – right? That’s how it works on the Continent. You can’t just write off billions of euros as a business lunch’.

Chancellor George Osborne has labelled the tax demand as ‘totally unacceptable’; and if anyone should know a regressive tax regime that punishes the most vulnerable, it is Mr. Osborne. Many voters have helpfully suggested that the Chancellor might like to take out short term loan to cover this short fall, but WONGA officials have refused to throw ‘…good money after bad’.

Ironically the gap in finances was mainly caused by the UK not declaring their full income from prostitution, drugs and tobacco smuggling. On one level it is impressive to learn that the UK is a market leader (albeit in the black market) but on another level, it is not the first time a Conservative Minister has forgotten to list prostitutes on his tax returns.

by @Wrenfoe


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This entry was posted on November 6, 2014 by in UK Business and tagged , , , , , , .

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