The Taylor Review into modern working practices this week revealed an alarming tax loophole that is robbing the honest British taxpayer of billions in revenue each and every year.
The loophole is not apparently the uncounted mountains of mammon built up each year by off shore, tax haven loving billionaires squirreling money into secretive tax havens in order to buy chunks out of public infrastructure.
It is instead a threat that lurks in our midst in an innocuous form, that of cash in hand workers like window washers and cleaners.
An expert on constructing obscure, multi-layered, tax avoidance and evasion structures gave the following assessment to the Rochdale Herald’s Commoners are Criminals correspondent,
“This is in no way an effort to create a sense of moral equivalence between billionaires that squirrel away massive amounts of money that a genuine capitalist would re-invest in new enterprises, creating jobs and generating tax revenue so needed by an industrialised society.
Only a fool would take that risk when you can just sit on the money and wait for a kindly government to sell you institutions that have taken decades of work and billions of public investment for a song.”
It’s good we’ve cleared that up straight off the bat.
“This is rather pointing the finger at devious and secretive people that are woven into the fabric of our society and often come in the guise of helpful functionaries.
But be in no doubt, just because your cleaner or window washer may spend that cash in hand money at the local shops, rather than wire it offshore, it doesn’t mean the NHS being privatised isn’t the fault of poorer working people.”
No one wants that to happen. So what can be done about it?
“Now we know the issue is not the trillions in offshore havens that we have no real intention of going after, because it would upset friends, we can clamp down on a window washer making a few quid a day and better help support the job creation efforts of well intentioned billionaires in the channel islands.”
