No wonder tax-avoiding billionaires don’t want to stay in the single market

To protect their wealth from British tax authorities, tax avoiding media tycoons want out of the EU single market.

Ahead of the EU referendum, pro-Brexit media blamed the EU for increasing the increasing number of migrants, accused Angela Merkel of bullying Britain, condemned High Court judges as “Enemies of the people”, influencing British people to vote to leave the EU.

Just like politicians that work together around a common policy, there is a common conviction that distinguishes a particular news agency. Regarding the pro-Brexit press, most of them are owned by wealthy tax-avoiding billionaires. Rupert Murdoch owns The Sun, Barclay Brothers own The Telegraph, Richard Desmond owns Daily Express, and Lord Rothermere owns Daily Mail.

Richard Desmond’s Tax Profile

“New Express owner Richard Desmond’s huge publishing and TV sex empire has paid just £200,000 in corporation tax since it was established eight years ago, The Observer can reveal… His two main holding companies – Northern & Shell Group Ltd and Portland Investments Ltd – are owned by trusts in Guernsey, the Channel Islands tax haven.”

https://www.theguardian.com/media/2000/dec/24/pressandpublishing.dailyexpress

Lord Rothermere’s Tax Profile

“Sonia Sinclair remembers sitting next to Rothermere at a party for Imelda Marcos at the Philippines embassy. ‘Vere turned to me towards the end of dinner and said: ‘I’m leaving this country tomorrow for good. It’s absolutely essential, otherwise I’ll be virtually ruined by taxation, and I feel terribly strongly about keeping the empire together.”

http://www.bbc.co.uk/mediacentre/latestnews/2012/panorama-truth-about-tax.html

Rupert Murdoch’s Tax Profile

“Rupert Murdoch’s media conglomerate News Corp. lobbied in favor of the new Panama free trade pact, according to federal lobbying disclosure forms — a pact that will make it more difficult for the U.S. government to crack down on Panama-related tax abuses. Panama is a notorious tax haven, and News Corp. also operates a subsidiary there.

http://www.huffingtonpost.com/2011/10/19/rupert-murdoch-corporate-tax-panama-trade-deal_n_1018600.html

Sirs David and Frederick Barclay Tax Profile

“London’s high-end Ritz hotel has not paid any corporation tax in the 17 years since it was taken over by the reclusive Barclay twins…The accounts show that the profitable hotel has used a series of tax reliefs to reduce its corporation tax to zero.”

http://www.bbc.com/news/av/uk-20761560/barclay-twins-ritz-hotel-pays-no-corporation-tax

To comprehend the real intention of the UK’s pro-Brexit press, one must review the proposed regulations Brussels intends to enact. Unaware of the UK’s tax-avoiding meadia tyccons’ cunning aptitude to deceive the British voters into leaving the EU, Brussels decided to crack down on tax-evaders and tax havens that operate within the EU Avoidance Directive.

“The new EU listing process is part of the EU’s campaign to clamp down on tax evasion and avoidance and promote fairer taxation, within the EU and globally. It was proposed by the Commission in the External Strategy for Effective Taxation in January 2016, and endorsed by EU Finance Ministers in May. The European Parliament has also repeatedly expressed support for an EU listing process.”

http://europa.eu/rapid/press-release_MEMO-16-2997_en.htm

Once David Cameron announced the EU referendum, the Sun, the Telegraph, Daily Mail and Daily Express undertook a smearing campaign against the EU in order to protect the tax-free assets of their wealthy owners, actively persuading the British population to leave the EU.

Apparently, Mr Farage also tried to avoid paying his taxes through an offshore trust fund.

“The 49-year-old paid a tax adviser to create the Farage Family Educational Trust 1654 in the tax haven – which he intended to channel funds through.”

http://www.mirror.co.uk/news/uk-news/ukip-leader-nigel-farage-admits-1972988

Mr Farage himself confirmed that the EU should keep their hands off British businesses. At the end of his BBC interview reflecting on the Supreme Court’s decision, Mr Farage revealed the crucial aspect of his Brexit campaign, stating:

“Well, we would be half-Brexiting is my guess – is that legally we may get out of some aspects of EU membership, but if we stay in the single market, we finish up with all our businesses being regulated somewhere else and indeed a court in Luxembourg that can overrule our own Supreme Court and if that happens it will a supreme act of betrayal.”

http://www.bbc.com/news/uk-37861487

Mr Farage emphasised that: “if we stay in the single market, we finish up with all our businesses being regulated somewhere else”, singling it out as a supreme act of betrayal. If Britain doesn’t leave the EU single market, all businesses and tax havens that operate within the EU will be subjected to the new Anti Tax Avoidance Directive, which will be enacted in 2019 when the Brexit negotiations are expected to end.

Thanks to UKIP and Tories, and other politicians who are keen to leave the EU single market, wealthy tax-evading individuals will continue to enjoy their tax havens, free from EU regulations, subjecting Britain’s little people to either higher taxes or extreme austerity measures.

Standard

24 thoughts on “No wonder tax-avoiding billionaires don’t want to stay in the single market

  1. I don’t Trust anyone today, News Papers I Never read, Television I Never watch, Del Boy Farage is a Con Artist but also a true blue tory, although he would like you to think he was just one of the Boys,haha but having said that, on the 8 th June I will still be voting Labour.

    Liked by 1 person

    • Barnet McGrew says:

      Graham Walker – you are English AND European – there is no contradiction there! Our Queen is from German Stock – her husband Greek. Our next King will be part Greek and German. Our country – our England once extended throughout huge swathes of France and still counts the Channel islands as Crown dependencies – not to mention Gibraltar! Our forefathers paid in blood for peace in Europe – so please excuse us from your pathetic phoney and wholly false patriotism – based on some imagined fairy tale facts. You voted leave because you fail to grasp this countries relationship to the EU and the rest of the world, and unless you’re a multi-millionaire you will pay through the nose for your half-baked choice. The article is clearly about why the major press barons supported Brexit – are you a press baron? No you’re not – the article was not about why Graham Walker voted Brexit – but you’ve made that apparently clear in your response – it’s because your a fuckwit who can’t even spell garbage who has been whipped up into a frenzy by said press barons into believing a wholly false jingoistic fake-patriot scenario, thereby voting Brexit and by consequence helping them avoid paying their tax duties that go to support our vital services. You have been manipulated and used by some of the very best in the business – there is no shame in that – but there is still time to repent – and I’d start by not leaving comments on articles your obviously struggling to understand.

      Liked by 3 people

    • Peter says:

      There is no such thing as English you are British and like all of us mixed race . I sopose you could come from a long line of inbreeding but it is unlikely

      Liked by 1 person

    • I like that … garbish … that, as of before today (and to my understanding), it has as a word never previously appeared … and garbish conveys a certain lightness even a touch of frivolity edged with a gentle fragrance, an inoffensive effluvia, a word ideally suited to a description of a statement or opinion a noun for all reasons.
      Students of the English language please comment and discuss …

      Liked by 1 person

    • Dic says:

      I wish more people would consider themselves British. Since 1707 England, Scotland and Wales have officially not been countries. Subsequently Wales and Scotland have their own Parliaments and national anthems, however because of this constant confusion between the terms English and British England has neither. Also, I think leaving Europe was a poor idea and can believe wholeheartedly the sentiment of this article.

      Liked by 1 person

    • Graham, what you need to think about is the fact that people who work, whether office of manual workers, are the ones that are paying tax; these rich people haven’t paid tax for decades. As always, the rich have pissed on our shoes and told us that it’s raining. The irony is that we have believed the Richard heads for so long. Wake up and understand that we, the general public, are the ones who are going to lose out.

      Liked by 1 person

    • Sinead Connolly says:

      Might want to brush up on the spelling and grammar of your native tongue then, surely ?
      Because were I so “proud” , I’d not defile it by using it so woefully .

      Like

  2. Bob Hadley says:

    If you are English Graham, the word is “rubbish”. Garbage is an Americanism and “garbish” in an invention of
    your own. Follow all the links and you will find that all of the information quoted is true. The Internet has wonderful fact checking systems – try one.

    Liked by 4 people

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