Sunday, 19 September 2010

Sharing the pain? Pull the other one!

David Cameron, George Osbourne and Nick Clegg have claimed time and time that we must all share the pain of sorting out public finances. But how does the coalitions walk compare to its talk.  Unfortunately the evidence is increasingly that it doesn't.  Whilst the weakest and most vulnerable are being targeted to take the brunt of the cuts the richest and most powerful are continuing to be allowed to plunder the public finances.

Whilst public attention over recent weeks has focused on Government attempts to cut a further £4 billion of disability benefit with Nick Clegg telling the disabled that benefits were not there "to compensate the poor for their predicament" Private Eye this week revealed that the Government had agreed to let corporate giant Vodaphone off a £6 billion tax bill.

The Eye also reveals the deal was negociated by Vodaphone by a former senior HMRC official who moved to the darkside to head the team seeking the tax windfall.  Vodaphone's Finance Director is also an unpaid (sic) advisor to the Chancellor on corporate tax.

If it stinks it is likely to be because it is rotten!

PS Well done to the Indian Tax Authorities.  On a very similiar deal they refused to cave into Vodaphone and took the tax cheats to the courts and won this month.

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