Member Since: 5th Dec 2013
25th Nov 2015
The impending hits on small businesses has been going on since the swingeing penalties were introduced on the late submission of SATR's, where a taxpayer could have a £1,200 penalty despite having no tax liability. And that £1,200 could be greater than the Corporation Tax paid by many multinationals in any given tax period.
So when is Boy George going to get his teeth into the tax dodging of the multinationals? How much is the treasury losing each year, compared to say 20 years ago? £50b? £100b? The government plays this down and talks in terms of less than £10b. The 'b' should stand for b*llocks.
Unfortunately the Bullingdon boys have no intention of reigning in there pals at the multinationals, after all these are some of their party's main sources of funding. Instead the poorest in society and the small business sector are targeted to make up what I believe to be a massive hole in the treasury's coffers.