Is this why our tax dodgers are so desperate to leave the EU single market?

“People are sheep. MSM is the Shepherd.”

Ian Almond

Reflecting upon the Supreme Court’s decision that the British Parliament must decide whether or not to trigger Article 50, in the year 2016, 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

Recently, the British Prime Minister, Theresa May reassured Mr Farage that his ambition to free Great Britain from the European Court of Justice in Luxembourg will be implemented in full:

“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… But, in the future, the EU treaties and hence EU law will no longer apply in the UK.”

https://blogs.spectator.co.uk/2018/03/theresa-mays-our-future-partnership-speech-in-full/

However, not all Leavers will look forward to ending ECJ’s jurisdiction in the UK.

From the year 2019, the ECJ will ensure that all EU member states implement its new Anti Tax Avoidance Directive and bring to an end the tax-avoiding practices by the EU citizens or businesses, its development coincides with key Brexit momentous decisions.

In 2012, the European Commission produced their action plan to clamp down on tax avoidance, and within a month, David Cameron announced that he changed his mind and that he favours an EU referendum.

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.

Although Cameron campaigned to remain, one can’t help wondering why he failed to convey to the British People the biggest benefit of remaining in the EU, such as the fact that wealthy British individuals and businesses will no longer be able to avoid paying their due taxes.

Of course, Brexiteers continue to argue that the President of the European Commission, Jean-Claude Juncker, attempted to block EU’s clampdown on tax avoidance.

However, once he became the President of the European Commission in 2013, Juncker’s institution has been actively engaged in drafting new legal framework to tackle the increasing and aggressive tax avoidance.

Compared to the British tax havens that are mostly used by the British greedy wealthy elite, Luxembourg serves as a tax haven mostly for non-EU citizens and businesses.

The new EU Directive targets only individuals or businesses that generate profits within their member states, therefore it won’t affect much Luxembourg’s tax havens.

Majority people and business owners that either promoted or funded campaigns to leave the EU are implicated in tax-dodging practices.

Even Mr Farage avoided paying taxes by setting up an offshore fund in the Isle of Man:

“Nigel Farage opened an offshore trust fund in a plan to slash his tax bill, a Mirror investigation has revealed.”

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

Other prominent Brexiteers who have avoided paying their due taxes to UK tax authorities include:

  • Arron Banks, who is associated with and profits from companies set up in the British Virgin Islands and Gibraltar tax havens.

https://www.theguardian.com/world/2016/oct/15/panama-papers-reveal-offshore-secrets-arron-banks-brexit-backer

  • 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.

https://www.theguardian.com/business/2014/nov/05/-sp-luxembourg-tax-files-tax-avoidance-industrial-scale

  • Lord Ashcroft, who avoided paying his taxes by registering as a resident Belize and setting up a trust fund in Bermuda.

http://www.independent.co.uk/news/uk/home-news/paradise-papers-latest-lord-ashcroft-house-of-lords-non-domicile-status-uk-belize-a8039251.html

The list of prominent pro-Brexit newspapers are owned by individuals who avoid paying tax to UK tax authorities, such as:

  • 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.

http://news.bbc.co.uk/2/hi/business/299543.stm

  • 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.

https://www.channel4.com/news/factcheck/factcheck-update-another-tax-haven-loophole

  • 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”.

https://www.theguardian.com/business/2014/jul/10/whos-who-britain-legal-offshore-tax-avoidance-james-dyson

  • The owner of the Express newspaper, Richard Desmond avoided paying his taxes by setting up a company in Luxembourg’s tax haven.

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

Therefore, rather than the British people, the only ones that will benefit from leaving the EU are the wealthy British tax-dodgers!

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