{"id":45219,"date":"2019-06-04T10:15:22","date_gmt":"2019-06-04T09:15:22","guid":{"rendered":"https:\/\/www.taxresearch.org.uk\/Blog\/?p=45219"},"modified":"2019-06-04T10:17:45","modified_gmt":"2019-06-04T09:17:45","slug":"every-day-everything-we-do-is-about-sending-wealth-upwards","status":"publish","type":"post","link":"https:\/\/www.taxresearch.org.uk\/Blog\/2019\/06\/04\/every-day-everything-we-do-is-about-sending-wealth-upwards\/","title":{"rendered":"Every day, everything we do, is about sending wealth upwards"},"content":{"rendered":"<p>I publish this for no better reason than information. It's <a href=\"https:\/\/www.ft.com\/content\/44bd6a8e-83a5-11e9-9935-ad75bb96c849?segmentId=e290fb57-33d0-1ede-79c6-9ee84234f3e2\" target=\"_blank\" rel=\"noopener\">from the FT<\/a>:<\/p>\n<p><a href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2019\/06\/04\/every-day-everything-we-do-is-about-sending-wealth-upwards\/screen-shot-2019-06-04-at-10-10-27\/\" rel=\"attachment wp-att-45220\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-45220\" src=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-04-at-10.10.27-550x389.png\" alt=\"\" width=\"550\" height=\"389\" srcset=\"https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-04-at-10.10.27-550x389.png 550w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-04-at-10.10.27-425x300.png 425w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-04-at-10.10.27-768x543.png 768w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-04-at-10.10.27-566x400.png 566w, https:\/\/www.taxresearch.org.uk\/Blog\/wp-content\/uploads\/2019\/06\/Screen-Shot-2019-06-04-at-10.10.27.png 1554w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/a><\/p>\n<p>But some thoughts do follow, of course.<\/p>\n<p>First, how much of the profit is where? Or to put it another way, is it oin the right place? And what is the right place? We need to know. Country-by-country reporting would tell us.<\/p>\n<p>Second, don't grow coffee. Or, alternatively, work out why those who do are still screwed so badly.<\/p>\n<p>Third, when rentiers take the biggest slice our economy really is in deep trouble. Every day, everything we do, is about sending wealth upwards.<\/p>\n<p>Oh, and fourth, the tax is low. If VAT is at 20% that should be about 42p in here. And then tax is due on that profit as well. Something does not add up. Just saying.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>I publish this for no better reason than information. It&#8217;s from the FT: But some thoughts do follow, of course. First, how much of the<br \/><a class=\"moretag\" href=\"https:\/\/www.taxresearch.org.uk\/Blog\/2019\/06\/04\/every-day-everything-we-do-is-about-sending-wealth-upwards\/\"><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":[79,35,97],"tags":[],"class_list":["post-45219","post","type-post","status-publish","format-standard","hentry","category-country-by-country","category-economics","category-tax-justice"],"_links":{"self":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/45219","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=45219"}],"version-history":[{"count":0,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/posts\/45219\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/media?parent=45219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/categories?post=45219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.taxresearch.org.uk\/Blog\/wp-json\/wp\/v2\/tags?post=45219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}