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Sunday, January 22, 2012

Offshore tax-dodging makes a farce of austerity

Michael Meacher MP » Blog Archive

"A Land Registry inventory of title deeds, just published... [shows that] in just two central London boroughs the ownership of property worth £88.5bn has been transferred offshore to escape payment of stamp duty and inheritance tax. It is estimated that this costs the Exchequer about £1.7bn a year in tax evaded."

Let them eat cake.

2 comments:

Mark said...

I've just had the pleasure of doing a tax return - it amazes me how the Revenue pick over the bloke in the street whilst ignoring / allowing business to use offshore havens and loopholes to avoid billions

Ossian said...

Ain't that the truth. And the same sort of disparity shows up in prosecution and sentencing.