Then think again.
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HSBC: 'Tax scroungers' let off lightly, says MP Hodge
5 hours ago
Britain's biggest bank helped wealthy clients cheat the UK out of millions of pounds in tax, the BBC has learned.
Panorama has seen thousands of accounts from HSBC's private bank in Switzerland leaked by a whistleblower in 2007.
HSBC admitted that some individuals took advantage of bank secrecy to hold undeclared accounts. But it said it has now "fundamentally changed".
Chair of the Public Accounts Committee Margaret Hodge told the BBC that "benefits scroungers" are being made an example of, while "tax scroungers" are let off lightly.
Read more
HSBC bank 'helped clients dodge millions in tax'
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Cameron’s vow to tackle tax avoidance ‘disingenuous and hypocritical’
Published time: October 31, 2014 18:00
Currencies, Economy, Europe, Finance, Markets, Politics, UK
Multinational firms which exploit loopholes to avoid paying tax in the UK will be pushed to “damn well pay,” David Cameron said on Thursday. The PM’s statement was denounced as disingenuous by global tax expert and UK economist Richard Murphy.
Cameron’s comments follow recent controversy over the manner in which mammoth firms such as Facebook, Google, Apple, Amazon, and Starbucks flout tax on revenues generated in Britain.
Speaking to RT on Friday, Murphy dismissed the prime minister’s pledge to tackle tax avoidance in Britain as hollow rhetoric. Lauded as 2013’s 7th most influential person on the international tax stage, Murphy has been instrumental in placing tax havens on the global agenda. But the economist and anti-poverty campaigner holds little hope for a tangible tax policy shift from the current coalition.
“The problem is that David Cameron’s walk and his talk are completely inconsistent. The truth is that he’s almost always on the side of the companies that are not paying tax,” he said.
http://rt.com/uk/201291-tax-avoidance-hypocritical-cameron/
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Cameron is all mouth and no trousers.
He ponces across the an imaginary like the hollow image he is.
He has done little or nothing to clean up tax avoidance an evasion and the voters know why!