Friday, 13 August 2010

Tax Avoider to Review Tax Spending.

The retail store mogul, Sir Philip Green has been asked by the Prime Minister to independently scrutinise all the past three years of government spending. He will conduct an external audit and report back to Cabinet Office minister, Francis Maude and Chief Secretary to the Treasury, Danny Alexander. As well as being a well known entrepreneur, Green is also a well publicised tax avoider. His wife 'owns' Arcadia - the parent group of Topshop, BHS etc - and lives in the tax haven of Monaco. Asked on the Today Programme about his living situation, he claimed that his wife is "...not a tax exile. My family do not live in the United Kingdom". So it's okay to make billions from customers in the UK but not actually live in this country and pay your fair share - like all those millions of people who can't afford to decamp to Monaco have to do all their lives. It's been estimated that the Greens save themselves around £300 million a year by living out of reach of the Inland Revenue's grasp,Vince Cable, who quite rightly denounced the last Labour government for obtaining the advice of Green, stating that "having an adviser who is also a tax exile is completely incompatible and totally unacceptable" - has now strangely completely changed his mind on the issue and will stand idly by whilst Sir Philip uses his 'expertise' to go rifling through expenditure plans. It's incredibly hard to swallow the fact a man, so detached from the everyday lives of Britons, who doesn't even pay his own fair share to the tax coffers is now deciding how taxpayers' money is then spent!

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