June 6th, 2013

Osborne Rattled? Chancellor Goes on Tax Attack Mid Mili-Speech

As Ed took to the stage the Tories thought they would have some fun with this morning’s Telegraph splash involving John Mills donating in shares rather than cash in order to, allegedly, minimise his tax bill. Osborne has written to the Miliband:

“The Labour Party registered a donation of shares in JML worth £1.65 million in January 2013, from Mr John Mills. By making a donation in shares rather than as a single cash dividend, it has been reported that Mr Mills managed to avoid a potential tax charge of £724,710. Alternatively, it is estimated that to make a donation of £1.65 million in cash Mr Mills would have had to earn £3.1 million, and pay £1.46 million to HM Revenue and Customs.

The tax affairs of individuals are a matter for them and HMRC. My questions are for you and the Labour Party rather than Mr Mills. Can you confirm that the Labour Party advised Mr Mills on how to avoid tax on his donation? As leader of the Labour Party, and given your previous statements on tax avoidance, such actions by your party appear to be directly at odds with your public statements. Most importantly, will you now pass the amount of tax that has been avoided to the Exchequer?”

You can expect the reply to be along the lines of sod off.

And you have to wonder how rattled the Tories are by this welfare shifting speech when they put the Chancellor up to be the attack dog, mid flow…


42 Comments

  1. 1
    LB says:

    Why would they be rattled by Labour adopting a cap on welfare?

    Note that pensions are welfare.

    So that means pensions payouts will be capped.

  2. 2
    Ed Balls says:

    Bilderberg anyone?

  3. 3

    Labour.

    You know it doesn’t make sense.

  4. 4

    Does the plane indicate a flight from tax?

  5. 5
    Steve Miliband says:

    #WelfareParty

  6. 6
    Steve Miliband says:

    Taking the piss surely,rather than being rattled

  7. 7
    Fuck the LibLabCon says:

    They’re all the same.

  8. 8
    a non says:

    Miliband- Ed in the clouds.

  9. 9
    Ed Millibandwagon says:

    They are tewwified of me.

  10. 10
    SP4 BS says:

    The idea that Ed Balls is a bilderberger, suggests to me that its a triple-bluff from the real illuminati.

  11. 11
    illogical says:

    For SKY to leave coverage of his speech in mid term is one thing.
    For the BBC to give up too shows how little progess Ed is making in attracting an audience, even from their like minded colleagues.

  12. 12
    Ed Millionaireband says:

    Hopefully the Bilderberg’s will let me win in 2015.

  13. 13
    Anonymous says:

    Pensions are not welfare. They are return on investment made over many years through NI contributions

  14. 14
    pissed off voter says:

    The people looked from Ed to Dave, and from Dave to Ed, and from Ed to Dave again; but already it was impossible to say which was …

  15. 15
    Stu says:

    There is one thing you can admire about Labour. No one comes close to doing breath taking blatant hypocrisy like they do.

  16. 16
    Ed Milibandwagon says:

    They are tewwified of me.

  17. 17
    Axe The Telly Tax & Religion & Kill All Ecoloons says:

    The bigger twat?

  18. 18
    d quixote says:

    as long as the poor pay for the windmills all is ok and mr osborne can tilt at will

  19. 19
    the common folk of ramsbottom says:

    except the other two main parties

  20. 20
    Back@woodsman says:

    Sounds reasonable to me .’ Oh look, an open goal of epically hypocritical proportions, I’ll have a bit of that. ‘
    Get in there my son, bring it up whenever one of the twats opens his mouth. Give labour the shoeing they deserve and the public expects you to deliver.

  21. 21
    Will says:

    guido labour have been using this tactic whilst in power so why should the tories not use it. Mind you whilst this is neat tax avoidance, it does strike one as double standards as the labour party is against people avoiding tax or is it unless donations are made to the labour party.

  22. 22
    LB says:

    Are you barmy? There are no investments for the state pension, state second pension or civil service pension.

    They are unfunded schemes. Unfunded means no investments.

  23. 23
    SP4 BS says:

    They would really really be taking the piss.

  24. 24
    Fuck the LibLabCon says:

    The only thing which will wake people up, is a financial collapse.
    Which is why they will never let it happen.

  25. 25
    Gordon Brown's tax avoiding friends says:

    Guido

    Let us not forget that for 10 years, Gordon brown ably assisted by Ed Balls and Ed Miliband as Special Advisers/consultants, allowed all these tax fiddles to prosper, for example,

    http://www.thisismoney.co.uk/money/news/article-1611272/Super-rich-paying-no-income-tax.html

    New Labour bred tax avoidance until they were cauight with their hands in the till taking large “donations” from this tax avoiding scum

  26. 26
    Raving Loon says:

    Please let someone go after the Bilderberg Group meeting. I don’t even care if it’s call me Dave, just someone say something about it.

  27. 27
    Gordon Brown's tax avoiding friends says:

    We could name names as well

    You know them…

  28. 28
    NBeale says:

    Brilliant!

  29. 29
    Honest taxpayer says:

    Bilderberg this year full of notorious tax avoiders, ex Goldman Sachs frauds and bankers bailed out by taxpayers , i.e. you and me…

    They have no shamme

  30. 30
    China Dream says:

    Your three main ‘parties’ will all be saying the same thing by 2015, thereby creating the final stage for your elite to ensure their survival the creation a ‘National Government’ with all three working for their own good. We can work work them then to ensure you are the gateway for Chinese goods into the EU and the growth of Chinese power in the Middle East. You will also make good shoe shine boys.

  31. 31
    Farage (UKIP)... says:

    They are also,a weeny bit terrified of “The new political realisation”…!

  32. 32
    Fuck the LibLabCon says:

    The Home Office is footing the bill for this PRIVATE meeting…. that says it all!

  33. 33
    John says:

    Bilderburg promoted the destruction of European democracy and it promoted the latest piece of European utopian insanity, the euro. It has blood on its hands and it benefits from charitable status!

    A thoroughly evil conspiracy against democracy and against the people.

  34. 34
    Labourstudentpolitics says:

    The welfare speech was a dog’s breakfast. The bit about local authorities forcing landlord’s to reduce their rent shows that they don’t even understand existing HB policy. The local housing allowance (LHA) rates limit HB payments to less than the 30th percentile of the market rents in an area. So there is already a limit on what private landlords can expect from HB tenants – this was brought in by Labour, I believe.

    Is Milli talking about introducing rent controls, or a new programme of building social housing? No, that would require some actual policy and costings. This is just more student politics from Labour – bash private landlords and make the base wet.

  35. 35
    Village Idiot says:

    ……They have just mentioned “Bilderberg” on “Sky”

  36. 36
    Lost in Clacton says:

    Has someone called a General Election?

  37. 37
    Christine Keeler's string says:

    Not to my knowledge.

  38. 38
    Solyushuns at hand says:

    So, government theft plain and simple then? Perhaps we should all demand a full refund of our NI contributions which have been stolen, to be invested in proper interest bearing “vehicles”.

  39. 39
    Curly wonders says:

    Gordon tried very hard. Is that why he was not invited to this year’s meeting?

    As has been mentioned elsewhere, Balls is only along for the comedy value.

  40. 40
    Oliver says:

    Gideon is rattled that Labour are attracting large donations.
    Writing on the wall is one thing, when it’s in cheque books too things start to look more serious.

  41. 41
    John Tandy says:

    I think the Daily Politics Show got all of the answers from J Smith ex Home Secretary !!!!

  42. 42
    Anonymous says:

    Yeah,but not the answers to the questions that were put to her.


Seen Elsewhere

Ministry of Justice Loses Death Inquiry Data “In the Post” | TechnoGuido
Europe’s Crisis is Cameron’s Opportunity | Speccie
Sajid Javid is the Ultimate Thatcherite | Buzzfeed
Ed Argar Selected in Dorrell Seat | Leicester Mercury
88% of New Labour MPs Are Union Bods | Mark Wallace
World’s Second Most Popular Porn Site is Infecting You | Techno Guido
Newspapers No Longer Willing to Toe Party Line | Roy Greenslade
Introducing the New CapX | CapX
Burnham’s Newsnight Debacle Dissected | Dan Hodges
How I Survived Dry January | Nigel Farage
Greens are Commies in Disguise | Andrei Rogobete


Rising Stars
Find out more about PLMR AD-MS


Dan Hodges on Labour unity

“We’ve heard a lot over the past few years about how Miliband has united Labour. But he has not united Labour. He has pacified Labour. He has placed it into a medically induced coma following the trauma of the party’s 2010 defeat.”


Tip off Guido
Web Guido's Archives

Subscribe me to:






RSS


AddThis Feed Button
Archive


Labels
Guido Reads
Follow

Get every new post delivered to your Inbox.

Join 1,716 other followers