{"id":13466,"date":"2012-01-05T20:49:25","date_gmt":"2012-01-05T20:49:25","guid":{"rendered":"http:\/\/www.taxresearch.org.uk\/Blog\/?p=13466"},"modified":"2012-01-05T20:49:25","modified_gmt":"2012-01-05T20:49:25","slug":"cameron-claims-the-government-is-tackling-tax-avoidance-whilst-osborne-is-going-out-of-his-way-to-promote-it","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/01\/05\/cameron-claims-the-government-is-tackling-tax-avoidance-whilst-osborne-is-going-out-of-his-way-to-promote-it\/","title":{"rendered":"Cameron claims the government is tackling tax avoidance whilst Osborne is going out of his way to promote it"},"content":{"rendered":"<p>David Cameron <a href=\"http:\/\/www.bbc.co.uk\/news\/uk-politics-16422437\" target=\"_blank\">claimed today, when speaking about tax avoidance, that<\/a>:<\/p>\n<blockquote>\n<p id=\"story_continues_2\">\"With the large companies, that have the fancy corporate lawyers and the rest of it, I think we need a tougher approach.<\/p>\n<p>\"One of the things that we are going to be looking at this year is whether there should be a general anti-avoidance power that HMRC can use, particularly with very wealthy individuals and with the bigger companies, to make sure they pay their fair share.\"<\/p>\n<p>He said the government was doing its bit to cut the rate of corporation tax - and businesses should recognise they \"should pay that rate of tax rather than try to avoid it\".<\/p><\/blockquote>\n<p>Well of course I agree. But he either has no clue what he's talking about or he's ignoring the fact that his\u00a0government\u00a0is one of the biggest\u00a0supporters\u00a0of\u00a0large\u00a0corporate\u00a0tax avoidance there's ever been. As I explained in a report<a href=\"http:\/\/www.tuc.org.uk\/economy\/tuc-19619-f0.pdf\" target=\"_blank\"> I wrote for the TUC last May<\/a>, In December 2010 George Osborne announced the biggest tax\u00a0loophole\u00a0ever deliberately\u00a0introduced\u00a0for large\u00a0companies\u00a0by a UK\u00a0government\u00a0when he announced that any UK company moving its treasury function out of the UK to a tax haven would have its tax bill on that treasury operation cut to 5.75%. The cost is\u00a0estimated\u00a0to be more than \u00a3800 million a year, and it was all designed to be a direct shot in the arm for the\u00a0Crown Dependencies and Cayman.<\/p>\n<p>And Osborne has also abandoned residence based tax - creating vast numbers of new loopholes for\u00a0multinational corporations.<\/p>\n<p>Cameron has to walk his talk on this issue before we\u00a0believe\u00a0him on this issue. Right now no one should. He's\u00a0simply\u00a0not telling the truth.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Cameron claimed today, when speaking about tax avoidance, that: &#8220;With the large companies, that have the fancy corporate lawyers and the rest of it,<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2012\/01\/05\/cameron-claims-the-government-is-tackling-tax-avoidance-whilst-osborne-is-going-out-of-his-way-to-promote-it\/\"><em> Read the full article&#8230;<\/em><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[96,10],"tags":[],"class_list":["post-13466","post","type-post","status-publish","format-standard","hentry","category-conservatives","category-tax-avoidance"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/13466","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/comments?post=13466"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/13466\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=13466"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=13466"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=13466"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}