Wednesday, 26 November 2014

Compare and Contrast


From today’s paper:

We can confirm that we are compliant with the tax regimes of all of the jurisdictions in which we operate.” – The managing principal of the London office of a US investment company which has, quite legally, transferred ownership of an east London housing estate to a Jersey-based shell company in order to minimise corporation and capital gains tax, whilst planning to triple rents and evict low-income tenants.  (The gentleman in question has just bought a £3.9m country estate for his own use, apparently using a similar offshore mechanism.)

Actions permitted by unjust laws can be evil…” – Philosopher Nigel Warburton, on the seizure or compulsory purchase, quite legally at the time, of Jewish-owned works of art by the Nazis in 1930s Germany.

3 comments :

  1. Printed on the same page for irony inflation?

    ReplyDelete
  2. I blame the huge bean-counting Companies that offer "free" advisors to Governments and then proceed to take the piss on a regal level. Hanging's too good for 'em guv...

    ReplyDelete