I spoke using the above title at a meeting in Parliament last evening, previously noted here.
For those interested, these are my speaking notes set out as a mindmap.
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Richard
Some interesting points, but some conundrums and some rather lazy generalisations IMO.
“A new belief in government”
This is a beautiful sentiment, but rather at odds with a global collapse in the respect that populations have for their politicians and what they stand for. How is it to be achieved?
“A belief in new taxes to pay for much of this”
You may wish to see paradigm shift in this direction, but as another comments on the blog have said, it is impossible unless people believe in the political system. Years ago, ratepayers in the socialist republic of South Yorkshire paid high rates for excellent services — particularly public transport — but Mrs T cynically demolished that on the basis of dogmatic dislike.
“The UK is a tax haven” — “And we demand that we have automatic information exchange with all tax havens or we withhold tax on all payments made to them”
Too many wes. Presumably ‘we demand’ is Richard Murphy (royal we, je suis l’Etat) pretending to be a movement. ‘We have AIE’ refers to which player? The UK as a tax haven has exchange with tax havens? I’m lost. Then, ‘we withhold’ — a tax haven Tobin tax, but with a very large list of countries covered: USA, UK (tax on payments to self), and NL etc. etc.
“Information exchange that will not impose massive burdens because it is based on the data banks and others must already hold for money laundering purposes”
Again, sadly, you prove how little you know about taxation. AEOI is not just about bank interest, as any fule kno, in an EU context it includes dividends, interest, royalties and similar payments. Banks and others don’t hold those data, and bringing in such processes imposes massive additional burdens on the payers who need to give the information to their governments.
Musing, the Girrl