Newspaper companies are determined to infuriate their readers with shocking news of corporate tax evasion. But what's behind the headlines?
News headlines continue to be filled with infuriating rhetoric. Google, Amazon, Apple, and Starbucks have all been targeted for tax evasion. They said “evil“That is outrageous. We should feel outraged.”rage“,”rage”.
What is David Cameron doing in the meantime?
there is nothing.
Prime Minister Cameron did not take any sensible action to deal with the problem and simply I sent Margaret Hodge to yell at Google for a while.Therefore, it provides further opportunities for writing populist rhetoric in the media.
David Cameron has a plan. They are not his plans, but he has plans and his job is to make them come true. The G8 meeting, which begins in Northern Ireland on June 15th, is where he must do that.
“It” is a new global tax system. It is far better to create a new, globalized, and better tax system than to simply require companies to pay the appropriate amount of taxes in a country if they do business there.
yesterday cameron Letter sent to leaders of UK offshore tax havens Before the G8 summit, he urged people to “get their houses in order.''
“As you know, I have made combating the scourge of tax evasion and active tax avoidance a priority in the run-up to the G8 summit that the UK will host next month…I have set my sights on all overseas territories and Crown dependencies. “We are aiming for this,” he said. “We will continue to work with the UK to take the lead on two important issues: tax information exchange and beneficial ownership.”
Cameron's letter goes on to argue that a key part of the new tax system will be information exchange. He said against all tax havens Multilateral Convention on Mutual Administrative Assistance in Tax Mattersoriginally developed by the Council of Europe and the OECD, “in response to the G20's call to make it easier for all countries to secure the benefits of a new cooperative tax environment”.
He also wants to tackle the issue of hidden corporate ownership. After all, we all know that arms traffickers and drug traffickers use shell companies to carry out their illegal activities, and Prime Minister Cameron cannot allow them to compete with the day-to-day operations of the average British government. This is a well-known fact.
Mainstream media rhetoric on this issue is aimed at stirring up frenzied demands for something to be done about corporate tax avoidance within nation-states. Prime Minister David Cameron will spearhead a global tax system to meet these demands. There is no other choice.
