Wednesday, May 2, 2012

Guardian Attacks the Tax Status of the Guardian

While mentioning his race-baiting, tax avoidance and warning that if he wins he will be on “probation”, the Guardian has held its snooty nose and endorsed Ken. In an attempt to give some lukewarm covering fire today they claim that Boris has been using campaign office space donated by Lycamobile who have not paid corporation tax – a brave line of attack given Ken’s voodoo accounting.  Lycamobile did not pay tax because they haven’t made any profits yet. HRMC don’t tax companies on their losses. Which is lucky for the Guardian…

Guardian News & Media, which publishes the Guardian, doesn’t pay tax because it makes a loss every year. GNM is subsidised by its investment funds and its joint-ownership of AutoTrader. The joint-ownership is with, of course, a private equity firm. Some may consider the Guardian, on this basis, to be appalling hypocrites…

Tuesday, April 24, 2012

Labour Star Lord Winston Slams Party For Choosing Ken

Labour’s second most famous backer Lord Winston has followed the lead of Alan Sugar and slammed Ken. Talking on the Daily Politics he questioned how the party had managed to select Livingstone. Just a week ago Lord Winston was the face of the Labour Party’s Election Broadcast. If he isn’t backing Ken, then why should any Labour supporter?

Meanwhile Ken has today promised to release all of his earnings, and those of Silveta, and the tax he has paid, signed off by an accountant. There are rumours of avian swine sightings too. At least he admits that his last figures were a load of…

Video via Liar Politicians

Monday, April 16, 2012

WATCH: Ken’s Tax Downfall

As Parliament returns after an extended Easter break, here’s a handy catch up guide to what you have missed in the race to become Mayor of London…

Thursday, April 12, 2012

Neutral Audience Savages Ken on Tax

An over overenthusiastic ‘elf and safety advocate ensured that Guido was ejected from last night’s Evening Standard debate, but thankfully they have sent over the video so you won’t miss a balanced audience boo and shout “champagne socialist” as Ken squirms and tries to justify, to no avail, his tax avoidance hypocrisy. He claims he has given so much in tax that he could pay for an aircraft carrier. Despite earnings of close to quarter of a million, Ken paid just under £40,000 in tax last year. An aircraft carrier costs £2.5bn.

Thursday, April 5, 2012

Ken is the 14.5%
Former Climate Change Adviser Knocked Up Partial Figures

Last night Ken promised on Newsnight to publish his accounts. He further said this morning “I will set out income to my company over the last four years, how much my wife and I received and how much tax was paid.” Instead we got a partial view of what he decided to pay tax on. Ken also claims that an accountant has signed these figures off, yet provides no evidence for this unlike the other candidates.  He has still not published his company accounts and the clock is ticking

Guido’s been speaking to bean counters today who are slightly puzzled by what Ken has put out. One writes:

“a)      no book-keeper, let alone an accountant, has been near this – you never date down the left hand side – you run left to right;

b)      Corporation Tax is paid on profits, not dividends – massive f**k-up here – tells you all you need to know about the integrity of these accounts.”

The meta-data on the .PDF document shows that it was drawn up not by an accountant, but by Mark Watts- Ken’s old Climate Change Adviser at City Hall. He got one of the crony pay-offs in 2008. 

Apart from the 14.5% effective income tax rate – which Matthew Hancock points out is less than a City Hall cleaner pays – the main take-away from the part-publication is that by paying himself in dividends he is avoiding paying National Insurance, which employees have to pay. If you are employed you pay it at 12%. If you are self employed you pay it at 9%. If you are Ken, you don’t pay it at all. 

He cannot say he is paying his fair share when he is avoiding paying National Insurance, which is the tax that pays towards the NHS. The question for Ken is a simple one. Why are you paying yourself in dividends rather than salary? There is only one answer. To avoid tax.

Boris’ figures have the accountants signature on them and Paddick has put his actual returns, plus a few personal details, out. Why so dodgy Ken?

Compare and Contrast: Candidates Effective Tax Rates

Ken has released information on the income that he decided to pay tax on, while simply choosing to ignore the rest. When Silveta Ltd’s numbers from all of his media earnings are included, the true picture of his company wheeze becomes clear. If the Silveta Ltd had actually done anything Ken might have had a leg to stand on, but it did nothing in that time bar employ his wife to write a book. He’s a tax avoider…

WATCH: Cocky Ken Promises to Publish

“Good, that’s easy.”

Just hours after declaring that he would release his income details Ken has shattered another promise.

Video via Liar Politicians

Boris Releases Income and Tax Records

By Guido’s sums Boris percentage of income paid in tax 2010/11 was 45.1%.

Can Ken say the same for his income channelled through Silveta Ltd? 

Tuesday, April 3, 2012

Brown’s “Not a Single Penny” Un-Spun

When it emerged that Gordon Brown had made £1.4m since leaving office on the international speech circuit, his spinners were quick to point out claim that “not a single penny” had gone to Brown himself and instead it was all given to charity. But that’s not quite true.

The most recent set of abbreviated accounts for the Office of Gordon and Sarah Brown (Ltd.) paint a different picture. Though they do not give a turnover, or how much actually went to charity, or how much was spent on “administration”,  they do show that at least 20,934,300 pennies are being held by the Browns in cash. No income tax on that…

Wednesday, March 28, 2012

Toff Times for Tories

We now live in a country where caviar is untaxed and a hot pasty is. Guido isn’t sure that’s quite the fairness agenda the government were trying to push and the continued budget hammering is well deserved and will be ongoing. A 10% drop in the latest polls suggests that raising taxes instead of cutting spending isn’t popular. Who knew?

Guido suspects Cornwall is now off Dave’s Easter holiday destination list. His government has fiscally attacked their national dish…

And just when the government are getting it in the neck, walking Tory liability and Young Conservative Chairman Ben Howlett goes out of his way to help matters:

Just the image the Tories want right now…


Seen Elsewhere

Fraser Nelson: Put Your Money on Ed Miliband to Win | Guardian
Guido Fawkes is Too Aggressive | The Times
Ditch Tobacco Plain Packaging | Grassroots Conservatives
What Farage, Boris and Rob Ford Have in Common | William Walter
Labour Spell New Adviser’s Name Wrong | ITV
Dave Stung by Jellyfish | Sun
City Minister’s Inheritance Tax Dodging Trusts | Indy
What I Would Have Done if I was Sarah Wollaston | Iain Dale
Boris is an Epic Europhile | Louise Mensch
Warsi Got PM to Confront “Secular Fundamentalism” | Fraser Nelson
Guardian April Fools Apology | Press Gazette


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Rod Liddle on the loony UN sexism special rapporteur:

“There is more sexism in Britain than in any other country in the world, according to a mad woman who has been sent here by the United Nations.

Rashida Manjoo is a part-time professor of law at Cape Town University in the totally non-sexist country of South Africa (otherwise known as Rape Capital Of The World).

Mrs Magoo has been wandering around with her notebook and is appalled by the sexist “boys’ club” culture here, apparently.

I don’t doubt we still have sexism in the UK. But is it worse than in, say, Saudi Arabia, d’you think, honey-lamb? Or about 175 other countries? Get a grip, you doolally old bat.”



orkneylad says:

What’s he been doing FFS, mining bitcoins?


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