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.
Printed on the same page for irony inflation?
ReplyDeleteI 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...
ReplyDeleteNasty.
ReplyDelete