Following on from the report in Tuesday's Independent about how the bonus culture is alive, well and booming at the top of UK business comes this little nugget in today's Guardian. It was in the Letters Page from a Mr Ted Woodgate from Billericay. "According to the National Audit Office, almost 30% of Britain's major companies pay zero corporation tax and 60% pay less than £1m a year. Estimates of overall loss to the economy from tax-dodging range from £20bn to £95bn. Even at the lower figure that represents four times a bigger figure than benefit fraud."
So there you have it chums. As Mr Woodgate neatly puts it, 'Why is the pimple of benefit fraud being addressed when the abscess of tax avoidance and evasion is totally ignored?'
Wouldn't have anything to do with these bankers...., and financiers...., and captains of industry.....,and corporate raiders...., and stock market gamblers...., and hedge funds..., and corporate accountants being 'Call Me Dave's' mates an everything would it?
The defecit issue could be tackled pronto - if there was a will - and the cojones.
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