Friday, 8 April 2011
Avoiding Tax Avoidance - MP's Special Exemption
Copied directly from the Telegraph:
“Complex and at times draconian draft tax legislation, which has the potential to impact on any employee or employer in the UK, is contained in the Finance Bill.
“HM Revenue & Customs says that this legislation is only there to stop ‘tax avoidance’. However, Section 554E(8) specifically exempts members of the House of Commons and the Independent Parliamentary Standards Authority from the new legislation in situations where they are actually caught by it.
“If the legislation is fair and proportional, what is the need for a specific exemption for members of the House of Commons? Why don’t they rely on the same arrangements that every other employer and employee in this country has to rely on?
“If the legislation only targets tax avoidance, why is there a need for a special exemption for MPs?”
Why indeed?
The Penguin
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7 comments:
I think this will wiz through the Commons and get the Royal Assent without too much trouble, don't you?
Pah! I knew they'd do something to keep their own nests feathered, while depleting ours. They're clever that way.
I seem to remember news about Russia being a mafia state.This lot looks like a public school mafia.The people elected by us are a sham,just like practice of democracy.
So .. they've finally succeeded in putting themselves above the Law ...
We need another Cromwell .. urgently ...
Talk about "casting pearls before swine" ...
They are a bit pathetic if they can't even buy off the HMRC. It could be a backbench piece of shit that is a piece of shit that may get struck off in committee.
Loving the Icelandics - get in!
They devised and voted upon their own superb pension scheme, a scheme which unlike most others seems to have escaped "austerity" measures.Good Eh?
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