The Prime Mentalist is a well known opponent of tax havens and those who avoid paying taxes. Well good luck to him. I say it’s high time we saw some of his well-trumpeted intentions to take on those places that allow us to hide money from the taxman.
I say we start with … political parties.
It’s unlikely I’m going to get a Bernie Ecclestone to hand over a million quid, but it’s wise to check the rules anyway. What I discovered was donations to political parties of up to £500 can be deducted from the donator’s tax bill.
Basically, the donator can choose to give £500 to a party instead of the tax man. Or put another way, the political parties are legally allowed to steal taxes. Nice one guys. But they don’t stop there.
No, they don’t -
So basically, the parties shut out the competition. Only a party can thieve from the exchequer. In a cosy little arrangement they’ve ensured that it’s extremely difficult for any new party to raise money and virtually impossible for independents.
The looting class has stitched it for themselves by allowing us to write off our donations against tax – but only donations to the established parties. So yes, Prime Minister, I am sold on the idea. Action this day against corrupt tax havens!