Labour's selective memory on tax
WE all know that the bulk of Labour's cash-in-hand comes from the trade unions who select their candidates and control their policy-making.
Meanwhile, Labour continues to rant and rave about the 'wicked, evil, obnoxious business people' who allegedly avoid tax on their incomes.
In recent weeks, however, it has become clear that Labour likes tax arrangements to fill their boxes with dosh.
Firstly, they have been given a tranche of shares in a company known as JML. Thereby enabling a large sum in taxation to be offset.
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Secondly, Labour's newly-published consolidated accounts not only reveal the scale of union contributions that left the Party with a £2,800,000 profit on activities for the last tax year but also that on that sum they paid not one penny in corporation taxes.
By comparison in the same tax year the Conservative Party paid HMCR £521,000 in that tax band, and the poor old Lib-Dems had to clean out some suit pockets to find just £15.
The next time Labour shouts out about alleged tax avoidance we must all remind ourselves of Labour's cunning plan, resulting in losses for the taxpayers, in addition to the vast sums of cash Messrs Blair and Brown squandered – including Brown's car-boot sale of much of our gold holdings at knock-down pricing – a great loss to all of us.
TOM JONES Plymouth