In 2022-23 HMRC had only 397 specialists working on profit shifting by thousands of companies.

No match for tax avoidance industry.

Big four accounting firms alone have 4 times as many international tax specialists.

Any wonder corporations dodge taxes.
leftfootforward.org/2024/04/labour…

The Angela Rayner 🌹 saga. I get it. Attack dog attacked. Karma.
But really?
A police investigation into whether she was registered at wrong address?
Is that it?
Not that she voted twice, no act of personation.
It seems petty beyond belief and a total waste of police time

HMRC admits to not collecting £35bn/£36bn of taxes a year - over £500bn since 2010.

Others estimate it to be around £90bn a year - over £1,200bn since 2010.

Corporations and the rich let off, the rest squeezed. Govt content.

Must fund and reform HMRC.
leftfootforward.org/2024/04/labour…

Water companies like to tell you all about the investment they make in Thames Water 💧's case at least it's a lie.

Every single year since privatisation shareholders have taken out more cash form the company than they ever put in, every single year.

You've been had.

Farrukh

Labour wants to curb tax dodges but being advised by Sir Edward Troup, former adviser to Tory Chancellor & HMRC boss, raises questions.

He said 'Taxation is legalised extortion'; tax abuse is 'not necessarily a bad thing'.

Wanted higher tax on pensioners
cityam.com/who-are-the-ta…

7m UK adults still struggling to pay bills.

5.5m missed bill/debt payments.

5.9m adults had no disposable income.

Discretionary expenditure cut.

Can't revive economy with real wage cuts, austerity, unchecked profiteering, insecurity, mass poverty.
bbc.co.uk/news/business-…

Private Equity (PE) death grip
Bought Morrisons for £7bn, loaded it with debt

Sold forecourts for £2.5bn
Sale & Leaseback of stores, £220m
More butchery?

£1bn loss, rising debt cost, Jobs/Wages cut, employer contribution to pension scheme cut

What next?
leftfootforward.org/2024/04/privat…

Kevin Maguire, 'There's a tax gap. The head of the national audit office said £7 billion could be grabbed' Kevin Maguire

'The whole tax gap of what should be paid and what is avoided and evaded is £38 billion'

'If you employ skilled investigators who go after it, they will…

My original tweet yesterday

+ The Guardian reported Lord Bamford & brother are under HMRC investigation into potential £500 million tax bill focusing on offshore trusts.
Peers must be registered In UK for tax

Has anyone seen Daily Mail reporting on this? Asking for a friend 🙄

Lord Ashcroft won £53.3m of NHS contracts in 2021 to supply Locum Doctors to 3 hospitals.

The profits from this were then paid straight to his Cayman tax haven bank accounts.

Labour vows to fund NHS pledges by tackling tax dodgers bbc.in/4aCTOps

Private equity owns children’s care homes.

Councils charged £30,000 p.w. or £1m per year for some children - paid from council tax.

30%-40% of money vanishes in profits.

High leverage, profits, exec pay; low wages, poor care are standard.
leftfootforward.org/2024/04/privat…
low wages,

Let it be saved on Twitter for all eternity that Jeremy Hunt described William Wragg's apology as 'Courageous and fulsome.'

RT to pin Hunt's shame.

More households seeking help over energy debt legal action.

Root cause - unchecked profiteering.

Standing charges mean you pay even not using - includes debt interest of suppliers, bills
unpaid by others, cost of switching

End privatisation scam.
theguardian.com/money/2024/apr…

Thames Water holding company defaults on debt.

Its future to be decided by ING, Allied Irish Banks and two Chinese state-owned banks. Ahh, taking back control!!

People have been milked for years.

No bailout for any water company. Nationalise.
news.sky.com/story/thames-w…

The fact that some creditors chose to trust Carole Middleton - just because she's Willy's mother-in-law...🤦‍♀️
🚩🚩🚩

#JusticeForCreditors
#KeepingUpWithTheMiddletons
#GriftingMiddletons

Lots of mis/disinformation about healthcare spending floating around on here, so I'm just putting this out there.

Melissa Murray (@ProfMMurray on Threads 🧵) Nothing to see here... Just Tom Parker Bowles trading on his Royal connections. And clearly not a problem either.

Carmen's Granddaughter Her parents are not broke . The business went bankrupt - not them. They are loaded.