Political economist Richard Murphy: Osborne's Big
Lie, he knows he will never balance the books
Investigative reports: with
<http://www.taxresearch.org.uk/Blog/>tax justice
campaigner Richard Murphy. Interview with tax
justice expert Richard Murphy, discussing this
week's Budget: Osborne's failures – less money in
and more benefits payments – no chance whatever
of a surplus; poor quality press coverage of
Budget – microeconomics not macroeconomics
covered by London media, no mention of
<http://www.theguardian.com/business/2016/feb/28/mervyn-king-new-financial-crisis-is-certain-without-reform-of-banks>Mervyn
King predicting another crash; 2008 banking
crisis – banking problems still not
addressed;
<http://www.ft.com/cms/s/0/c1060fb0-41b4-11e5-b98b-87c7270955cf.html>spending
'People's QE' into the economy on infrastructure;
effects of QE used to bail out banks; dealing
with tax havens –
<https://www.youtube.com/watch?v=2Pj9hizf4sc>BBC
Documentary 2016: Britains Trillion Pound Island
- Inside Cayman - start with transparency; money
off the gold standard – all money is debt,
inflation; Positive Money - get away from debt
based money?
<https://www.youtube.com/watch?v=n8PGXILCrwE>Mervyn
King on Andrew Marr show – whose really running
things? – Bank of England run by government;
Budget - banks will not be prosecuted for foreign
exchange fraud; suicide bomber banks: power of
banks – knew government would bail them out in
2008;
<http://www.dailymail.co.uk/news/article-3498069/SAVE-STOCK-EXCHANGE-Fightback-begins-stop-Germans-buying-City-s-crown-jewel.html>German
and UK stock markets could merge with German boss
<http://www.dailymail.co.uk/news/article-3498069/SAVE-STOCK-EXCHANGE-Fightback-begins-stop-Germans-buying-City-s-crown-jewel.html>Carsten
Kengeter, who ran the Libor fraud department for
Swiss UBS bank, in charge; Adam Smith Institute
says people on benefits are genetically
different; Richard's book 'Joy of Tax' and search
him online to see his blog.
<http://www.ibtimes.com/nsa-prism-program-nsa-paid-facebook-tech-companies-millions-cover-prism-costs-1397809>Kevin
Cahill discusses the latest on his court case
against US internet giants for taking money from
NSA to spy on British citizens – Safe Harbour and
PRISM, Snooper's Charter, NSA gives £20m a year to Microsoft.
Political economist Richard Murphy: Osborne's Big
Lie, he knows he will never balance the books
https://www.youtube.com/watch?v=zSDNQansW6k
audio & links
https://politicsthisweek.wordpress.com/2016/03/18/bcfms-weekly-politics-show-presented-by-tony-gosling-25/?preview=true
audio
http://www.radio4all.net/index.php/program/85739
download
http://www.radio4all.net/files/t...@cultureshop.org.uk/2149-1-20160318180002.mp3
Richard Murphy
www.TaxResearch.org.uk
The Big Lie: Osborne will never balance the budget
https://politicsthisweek.wordpress.com/2016/03/18/bcfms-weekly-politics-show-presented-by-tony-gosling-25/
BCfm Politics Show 93.2
www.ThisWeek.org.uk
Friday 18 Mar 2016
A budget for the UK’s tax avoiders
http://www.taxresearch.org.uk/Blog/2016/03/16/a-budget-for-the-uks-tax-avoiders/
POSTED ON MARCH 16 2016
For a long time most people have associated tax
avoidance with big multinational companies.
George Osborne took some welcome steps to tackle
them today: I must give credit where it is due.
UK companies taken over by foreign owners who
then pile then up with debt to cancel their
profits will see that game brought to an end.
Think Boots. Think Manchester United. Think the AA.
And companies who try to shift profits to tax
havens by relocating the ownership of patents and
copyrights to such places, for which they then
pay a royalty, will have to pay UK tax out of the
payment made. That effectively brings this income
back onshore. Think any large multinational doing R&D.
There are also very welcome measures to hit offshore property developers.
But please don’t think it is all good news. If
George Osborne was really serious about tackling
offshore today he would have announced public
country-by-country reporting, and he didn’t so we
still don’t know who really needs to be brought to account.
But worse, he opened up massive new tax avoidance
opprtunities within the UK. The bigger the
difference between income tax rates and
corporation tax rates the bigger is the
incentive, and the greater is the saving, from
running a business through a limited company. Up
and down the country accountants will be selling this, literally right now.
And the cuts in capital gains tax will be also be
sending those same advisers into fever pitched
excitement as they work out how to turn income
into gains to save up to 25% tax for some clients.
Don’t be fooled: this was a great day for the tax
avoidance industry, but just not the bit we’re used to looking at.
http://www.taxresearch.org.uk/Blog/2016/03/16/a-budget-for-the-uks-tax-avoiders/
The Adam Smith Institute is now willing to argue
that those on benefits are genetically different to the rest of us
http://www.taxresearch.org.uk/Blog/2016/02/28/the-adam-smith-institute-is-now-willing-to-argue-that-those-on-benefits-are-genetically-different-to-the-rest-of-us/
POSTED ON FEBRUARY 28 2016
The Guardian has noted that:
More than 85% of fraud allegations made by the
public over the last five years were false,
according to figures obtained by the Observer.
A freedom of information request to the
Department for Work and Pensions discloses that
between 2010 and 2015 the government closed
1,041,219 alleged cases of benefit fraud put
forward by the public. Insufficient or no
evidence of fraud was discovered in 887,468 of
these. In 2015 alone, of the 153,038 cases closed
by the DWP’s Fraud and Error Service, 132,772 led to no action.
In this context comment from Owen Smith, the
shadow work and pensions secretary who I hold in
high regard, seems appropriate. He said:
Where there are abuses of the system they should
be dealt with swiftly. However, the government’s
constant attempts to paint honest people – like
low-paid workers relying on tax credits and
universal credit – as ‘skivers’ is creating a
hostile and accusatory environment. The Tories
should view these results with shame and pledge
to turn the page on their divisive rhetoric.
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Please consider seriously the reason why these elite institutions are not discussed in the mainstream press despite the immense financial and political power they wield?
There are sick and evil occultists running the Western World. They are power mad lunatics like something from a kids cartoon with their fingers on the nuclear button! Armageddon is closer than you thought. Only God can save our souls from their clutches, at least that's my considered opinion - Tony
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