Whilst everything else is still negotiable, in her recent Brexit speech, Mrs May made it clear that she will end ECJ’s jurisdiction in the UK, which means that our wealthy elite will continue to enjoy their tax dodging practices.
In her recent Brexit speech, British Prime Minister Theresa May reassured Mr Farage that his ambition of freeing the UK from the ECJ will be implemented in full.
Reflecting on Supreme Court’s decision that the British Parliament must decide whether or not to trigger Article 50, 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.”
Whilst majority of other issues are still negotiable, British Prime Minister confirmed that:
“The second hard fact is that even after we have left the jurisdiction of the ECJ, EU law and the decisions of the ECJ will continue to affect us… That means cases will be determined in our courts. But, where appropriate, our courts will continue to look at the ECJ’s judgments, as they do for the appropriate jurisprudence of other countries’ courts… But, in the future, the EU treaties and hence EU law will no longer apply in the UK.”
However, not all leavers will look forward to ending ECJ’s jurisdiction in the UK.
As of the year 2019, ECJ will ensure that all EU member states implement its new Anti Tax Avoidance Directive, forcing wealthy tax-dodgers to pay their dues.
However, Mrs May made it clear that she will end its jurisdiction over the British territories and secure data protection arrangements for UK businesses.
Following Euro’s decline, caused by EU’s Greek bailout and the SFR’s shocking revelation that wealthy Greeks stored around €80 billion in Swiss banks to avoid paying their taxes, the European Commission decided to bring an end to tax-avoiding practices amongst its member states.
The European Commission began working on the EU’s new Anti Tax Avoidance Directive in 2013, endorsed it in 2016, and its member states must implement it by 2019.
The dates of the development of EU’s Anti Tax Avoidance Directive coincides with key Brexit developments.
In 2016, the European Commission produced the first draft of the EU Anti Tax Avoidance Directive and within a month, David Cameron announced the date for EU referendum.
In 2019, all EU member states have to implement the EU Anti Tax Avoidance Directive, by which time the UK is expected to leave the EU and its Directives.
EU’s Anti Tax Avoidance Directive aims to ensure a stable fiscal environment for its member states, decent healthcare, education and public services.
ECJ is the institution that will force Irish government to collect the outstanding €13bn in taxes from Apple, and one could easily comprehend why Mr Farage and other tax dodgers campaigned so hard to terminate its jurisdiction in the UK!
In fact, the majority of highly influential people and owners of establishments who campaigned for Brexit are elitists who believe that others should pay their due taxes, not them.
Even Mr Farage avoided paying taxes by setting up an offshore fund in the Isle of Man.
Other prominent Brexiteers who have avoided paying tax to UK tax authorities are:
- Arron Banks, who is associated with and profits from companies set up in the British Virgin Islands and Gibraltar tax havens.
- Sir James Dyson, who partially avoided his full share of tax by setting up companies in Malta, the Isle of Man and Luxembourg tax havens.
- Lord Ashcroft, who avoided paying his taxes by registering as a resident Belize and setting up a trust fund in Bermuda.
The list of prominent pro-Brexit newspapers are owned by individuals who avoid paying tax to UK tax authorities are:
- The owner of the Sun newspaper, Rupert Murdoch avoided paying his taxes by setting up his companies in the British Virgin Islands and the Cayman Islands tax havens.
- The owners of the Telegraph newspaper, David and Frederick Barclay avoided paying their taxes by registering as residents of Sark island, located in the Channel Island tax haven.
- The owner of the Daily Mail newspaper, Lord Rothermere avoided paying his taxes by inheriting the Daily Mail through an offshore trust set up in the Channel Island tax haven and being registered as “non-dom”.
- The owner of the Express newspaper, Richard Desmond avoided paying his taxes by setting up a company in Luxembourg’s tax haven.
So, now you know why most of our wealthy tax-dodgers campaigned to leave the EU.
Thanks to hardworking and struggling people who voted to leave the EU, who managed to prolong the ongoing harsh austerity measures, leading to privatization of the NHS, our wealthy elite will continue with their tax-dodging practices, free from EU’s Anti Tax Avoidance Directive and ECJ’s rulings.