Catherine McKinnell MP, Labour Shadow Minister responsible for HMRC, was on form questioning David Gauke yesterday. Here's another exchange:
Gauke knows full well that McKinnell was not asking in the context of the etxractive industries, but was asking about whether or not country-by-country reporting could help track down companies using and abusing tax havcens.
He chose to ignore that.
I guess that's because he's on those companies' side.
Disclosure: I will be at meetings which both Catherine McKinnell and David Gauke will be attending next week.
PS I'm reliably told David Gauke reads this blog, regularly
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He reads your blog regularly but he tends to misquote you when it suits him. What he did during the first reading of Meacher’s Bill – knowing you couldn’t respond – is outrageous! I would have reported him to the Speaker. I’m sure there are provisions in Erskine May for such conduct.
Dear Mr Gauke,
Since you are what is termed in the cyber community as a lurker…do you realise that your party might find itself on the wrong side of history? It seems to me that whilst everyone is having to endure austerity and cuts to essential services, your party in govt. is quite happy to see our national debt increase and pretend you’re cutting the budget deficit by decimating capital spending and cutting much needed services that everyone relies on. The public sector pay freezes, the squeezing of living standards for those paying standard rates of tax, the low interest rates punishing savers, the QE that never trickles out or down…all this fine for you because you and your funders do not suffer in any way from what you are inflicting on the rest of us. As private equity firms move more and more into commodities, you will slowly see the wheels coming off your neo-liberal wagon.
But the dirty secrets are getting out…the big companies are happy to take our money but the little kingdoms over which they rule don’t want to contribute to the peasants outside the castle gates who do the work and buy the goods.
Your prevaricating over the tax debate and your non-sequiter answers to your opposition colleague betray your nervousness. This is not going to go forever. The tide is against you and your ilk. Beware the tsunami coming your way…
Who would have thought accountants could achieve more than communists!
History as irony…very enjoyable all in all!
I doubt there is much guesswork involved here.
It would seem David Gauke is a disciple of Timothy Geithner.
“We have a financial system is run by private shareholders, managed by private institutions, and we’d like to do our best to preserve that system.”
Timothy Geithner, US Secretary of the Treasury, previously President of the Federal Reserve Bank of New York, 1/3/2009
What do the tories know about this…
http://www.eib.org/projects/pipeline/2011/20110358.htm?lang=en