OK, it is 23:30 at the moment and I am finding out the hard way that life in a hospital as a patient can be different from your daily life in the corporate world with fluent internet and then some, go figure!
So when I initially listened last weekend to a few newscasts in regards to a team of devoted UK MP’s I was not completely on the ball. Yes, they were having a go at the dude from Google, but alas, it was not the price fight we might have seen when some have a go at Lawrence Ellison, and the MP’s go home crying like Charlie Brown after an encounter with Lucy.
So there they are, Amazon, Google and their margins of non-taxation. Those MP’s dressed like bankers and charging like Don Quixote.
It is almost like a new disney ‘fairy-tail’. The pot calling the kettle brokered. Is it not a little on the hypocritical side, that AFTER they bail out RBS, when RBS reports a 2 billion loss, that personal ‘acquaintances’ still go home with a bonus total of almost 400 million? That was not stopped was it?
But Amazon and Google, after they did everything legal (not unlike the bankers of a fat-cat persuasion), and used exactly those correct steps in their order processing that now certain MP’s cry Havoc and slip-up the dog of stores.
This situation does bring back memories of my previous blog where I accuse members of the EU thinking too local in certain cases, this tax front reads the same way. Now, if you think that I will advocate one version of taxation for the EU, then think again. That is just not realistic! That is like putting 22 toddlers in one room, asking them to all select the same piece of chocolate, good luck with that one!
Yet, the idea to streamline certain forms of taxation to ease businesses in an optional situation where web stores will have equal rules, rights and burdens is not that bad. Of course not all EU nations have the same powerful internet, so more issues will arise.
In the end, is it about web stores and taxations? Let’s face it, a political grilling that was senseless and pointless to begin with? And let us not forget, no legal transgressions seem to have been made (if I am incorrect, then this blog WILL be updated). It is also interesting that the chair person of the committee Margaret Hodge, and her family connection to Stemcor seems to be in the same class of fishing pond. How revealing! What was that about a pot and kettle I mentioned earlier? By the way a special thanks to Helia Ibrahimi of the Telegraph who had several of these facts before I did (4G in a hospital is not that realistic, hence my delays).
Yes, it seems that a elevated level of lesser taxation does exist, like an additional income support class for billionaires. Hoo-de-la-lay, as Prince John would say (Copyright: Disney).
So looking at these issues, and these facts, then what is this really about? Will this be the kick-off for a ‘simpler’ tax system? (like billionaires do not get enough deductibles as is). Is this about uniting into one tax system? The latter part would be a nice idea, however with many EU nations in desperate shape to get revenue, not realistic. There is also the slight humorous thought of PM Cameron calling Dublin asking them to do him a favour and not process Google’s non taxable issues there. What are the odds that Irish laughter will reach the shores of Sydney? #JustSaying
Make no mistake, there is more going on here. Do not be fooled to think that this is just visibility. The honourable Margaret Hodge for Barking is one clever cookie. She has been around for a long time and when it comes to the disciples of Machiavelli, she is up there with the league players, which beckons the thought what is this the start of?
The only part that comes to mind is that this is a two edged sword. On one side this is only partially about the tax lessening that Google, Amazon, a few others and the family firm (Stemcor) are enjoying. This might be in one part, a nice little jab to raise the topic of raised taxation during the G8. Consider the issues that the EU needs revenue, now consider that 1% of something remains better then nothing, and that plays nice to the Stemcor business family too, All these EU items play in her/labours favour. If David Cameron does nothing, he will look weak, any act by the PM will economically hit back and gives chance for an overwhelming victory for labour next election. The UKIP issues do not help much either, but at least in that part they are not on the side of labour.
Still, whatever pressure is applied to increase the billionaires tax bill, Westminster must be careful not to be too harsh with their ‘scare’ tactics. Scotland is only 725 km to the North and Stemcor already has an office there.