From ITN last night:
Rumour has it the government is petrified by these actions - precisely because the message resonates with almost everyone who hears it - because it's clearly right.
And here is part 2:
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Not just government.
The government’s supporters on the internet are very, very frightened indeed.
UKUncut are portrayed as unthinking simpletons by the vociferous if incredibly unpopular Libertarians who infest Blogs.
It certainly feels as though the worm has well and truly turned on 30 years of socially and economically damaging laissez-faire economics and the far Right are digging in for the popular onslaught.
I saw the abuse from those on the Far Right on Liberal Conspiracy when you posted there about Barclays. Typical of the genre.
@BenM
Thanks for your stuff there
And yes the trolls are vociferous – and also clueless
Which is why they resort to verbal abuse
is there any data showing the percentage of total taxes paid by corporations over the years?
It must be not only possible but reasonable and desirable for government to impose a maximum allowable tax shield for each company or group in respect of the deductability of interest payments on debt paid in the UK in any single year to stamp out this abuse. It would be interesting to learn, for example, if the figures are available, how much Barclays claimed against tax for interest payments on debt (of course excluding shareholder and depositor liabilities) in its last accounts.
@Amrit
Yes – search HMRC statistics and it’s table 11.3 I think
But also some dat in section 1