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

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

Boris Releases Income and Tax Records

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

Comply or Die at Grauniad | MediaGuido
Labour Beats UKIP in South Yorkshire | LabourList
Mock the Week’s Weak Comedy | Nigel Farage
Can Jim Murphy Save Scottish Labour? | Guardian
There is Still Appetite for the Westminster Lunch | Jon Craig
Labour Turn Their Backs on Jewish Community | Dan Hodges
Chivalry is Not Dead | Laura Perrins
Jonathan Jones is a Tw*t | Iain Dale
Second Scotland Poll Suggests Labour Wipeout | Times
Paedo Probe Boss Urged to Quit | Sun
Keynesian Tories Won’t Eliminate Deficit | Tim Montgomerie


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