Guido enjoyed listening to three home-owning multi-millionairess Polly Toynbee rail against inequality and demand a US-style property tax this morning. Six-figure salaried Polly also wants a new levy on “the wealth of the very old, very rich to pay for a care system”. Wealthy socialists are of course free to voluntarily pay more tax if they feel so strongly about it. Bad news for the kids’ inheritance if mum’s assets are whacked with new taxes, though at least she sent two of them to private school so they can still check their privilege. The Italian property transfer tax means selling her Umbria villa will have stung too…
A study conducted ahead of the parliamentary debate about the BBC’s Royal Charter reveals that 75% of the British public think the licence fee is too expensive. A survey of 1,023 respondents carried out by Strategy Analytics* found 10% said they didn’t pay the telly tax.
Of the one in ten households that admitted to not paying the telly tax 17% were entitled to a free one as they were over 75 years old. This means that 8.3% of all households, some 1.6 million, are not paying for it. Isn’t it time to switch to a pay-as-you-go system? Netflix and Amazon have joined Sky in proving this is easily possible. If the BBC is as well loved as their propaganda claims they will thrive. If it is not they will shrink, rightly so….
David Mercer from Strategy Analytics’ digital consumer practice says, with some understatement, that the BBC “struggles to identify with younger and lower income groups”. Of those that were willing to pay the telly tax, £101.57 was the average figure – 30% lower than the actual price (£145.50). The advent of widespread broadband means that there is no technological barrier to abolishing the outdated telly tax. There is popular support for such a move…
*The interesting thing about this research is that it was not commissioned by the BBC or a rival. BBC commissioned “independent” research always finds that the BBC is wonderful.
McDonald’s plans to set up a holding company in the UK to pay tax on its global income outside the US. UK tax competitiveness reducing the burden for everyone. But not according to Will Self, who interrupted Nigel Farage on Question Time last night to derisively belittle 85,000 Golden Arches employees in Britain and more than a million globally:
“Great jobs! Great jobs for everybody! Mine’s a Big Mac.”
The Treasury has warned public bodies they can no longer employ staff through personal service companies – a direct challenge to Sadiq Khan to change the tax efficient contract of his aide Amy Lame. Khan’s controversial ‘Night Tzar’ receives her taxpayer-funded £35,000 salary (for two days’ work a week) through her company Amy Lame Ltd, a highly unusual arrangement for a public servant. Chief Secretary to the Treasury David Gauke has today ordered public bodies like City Hall to ensure this is not allowed to happen:
“Public sector bodies should be leading by example… From April 2017, where a public sector body engages an off-payroll worker through their own limited company, that body will become responsible for determining whether the rules should apply, and paying the right tax… the responsibility for determining whether or not the rules apply will remain with the public sector body, who will need to inform the agency or third party of their conclusion.”
Will Khan and City Hall now end Lame’s cushy tax arrangement?
Sadiq Khan’s aide Amy Lame runs her taxpayer-funded company from the subsidised student accommodation of her partner, who she employs as company secretary. Lame’s City Hall salary is paid into her company Amy Lame Ltd, meaning she pays no income tax. Amy Lame Ltd is registered to her partner Jennie Hogan’s address in leafy Mecklenburgh Square. The property is owned by Goodenough College, where Hogan is a chaplain – it is listed by the College as subsidised accommodation costing around one-third less than market rates. Hogan is a shareholder and company secretary of Amy Lame Ltd.
It is a cushy deal – Hogan lets Lame run her taxpayer-funded business from her College flat. In return, Hogan gets a share of the profits. All while no income tax is paid. This is a financial arrangement that would make Ken Livingstone proud…
UPDATE: Tory GLA leader Gareth Bacon says:
“Another day, and there are further serious questions for Amy Lamé to answer. The Mayor of London should take control of this situation, reverse his decision to pay her through a personal service company and avoid bringing the reputation of City Hall into further disrepute.”
It isn’t just debt and borrowing that are going up, Hammond has stealthily raised taxes too. Insurance Premium Tax is being hiked from 10% to 12% from next June, a 100% increase compared with November 2015. It was just 5% when the Tories got into power. This means £855 million extra tax per year, £4 billion raised by 2020. Insurance companies are already clear this is going to be passed onto consumers – your home insurance, pet insurance and motor insurance are going up.
UNA Alliance: “This is a significant blow. As a result this will significantly hit the pockets of families throughout the country with significant figures being added to the average buildings and contents policies.”
Axa: “An unwarranted attack on millions of people… affordability of insurance is being fundamentally threatened”
Cuvva: “The Chancellor has just slapped “just about managing” pet owners, home owners and drivers with an unfair tax hike that punishes sensible consumers for taking steps to protect themselves against risk.”
Fiscally conservative low tax Tories give us soaring debt and higher taxes…
These days John McDonnell and Jeremy Corbyn are aligned with the right-wing capitalist running dogs of the Labour Party on income tax, favouring a 50% top rate. This is yet another policy position on which they have massively sold out. Just five years ago McDonnell’s pamphlet for the Trotskyite group Permanent Revolution, which Guido yesterday revealed included calls to arm the working class, demanded a 100% top rate of income tax for the richest in Britain. As well as a further 50% wealth tax to appropriate half their assets.
From full communism to Miliband-lite as soon as he became Shadow Chancellor…
Sadiq Khan’s new part-time aide and full-time internet troll is to receive her City Hall income through a personal service company. Amy Lame, who has attacked Amazon and Boris Johnson over supposed tax avoidance, paid no income tax last year.
The Sunday Times reports Lame, real name Amy Caddle, will be paid her taxpayer-funded £35,000 salary for two days work a week via Amy Lame Ltd, allowing her to pay corporation tax rather than income tax despite being a public servant. Amy Lame Ltd is registered to an address in North London’s desirable Mecklenburgh Square, where a flat costs over a million quid. This appointment stinks – Lame is a completely unqualified z-list comedian who has been rewarded for her Labour fundraising with a fake job funded by the taxpayer. And despite her previous virtue signalling is now being allowed to take her salary in a highly tax efficient way…
A Guido investigation can reveal that all three addresses registered by Open Britain, the continuity Remain campaign, are owned offshore. Open Britain and its predecessor Stronger In have campaigned against tax havens – they claimed the Panama Papers were a reason why Britain should remain in the EU.[…] Read the rest
Unilever has a discreet – though huge – HQ in Schaffhausen, Switzerland (outside of the EU), through which it books purchases and sales to reduce tax liability. If you didn’t already know it was there you would be hard pressed to notice the blue ‘U’ logo on an upper level window…
Guido’s co-conspirators in Switzerland say purchases are made through the Schaffhausen entity and they are fairly certain Unilever’s intellectual property brand assets take advantage of the friendly tax regime.[…] Read the rest
The ASI’s Tax Freedom Day – the first day of the year when you stop working for the state and start working for yourself – is arriving later and later under George Osborne. A few years ago you stopped paying tax and started putting income in your own pocket on around May 28 to May 30.[…] Read the rest
Leave message: Government would axe fuel VAT post-Brexit.
Remain message: Lord Sugar says Remain’s better for business.
Cut through: Fuel VAT cut post-Brexit.
Odds: Remain 1/3, Leave 3/1
Latest poll: Remain 44%, Leave 47% (ICM, phone). […] Read the rest
The EU is laying the groundwork for new, centrally planned National Insurance-style numbers for every taxpayer in Europe. The proposal was passed by the Economic and Monetary Affairs Committee last night, and chillingly calls for a ‘European Taxpayer Identification Number’ to keep track of every EU citizen.[…] Read the rest
MPs complained earlier this year that they are being hounded “like African despots” following anti-money laundering checks from banks like HSBC. These checks are designed to ensure money isn’t being funnelled into criminal gangs or other corrupt arrangements. Charles Walker was furious that MPs and their families are on the list of “Politically Exposed Persons”, the automatic anti-money laundering watch list used by banks:
[…] Read the rest
“It is ridiculously heavy-handed for banks to treat British MPs and their families in this aggressive way.