This is why tax-avoiding media tycoons want Great Britain outside the EU

 

“The people will believe what the media tells them they believe.” 

George Orwell

Towards the end of his BBC interview, Mr Farage reflected on Supreme Court’s decision, revealing the real intention of his BREXIT campaign:

“Well, we would be half-Brexiting is my guess – is that legally we may get out of some aspects of EU membership, but if we stay in the single market, we finish up with all our businesses being regulated somewhere else and indeed a court in Luxembourg that can overrule our own Supreme Court and if that happens it will be a supreme act of betrayal.”

http://www.bbc.com/news/uk-37861487

Instead of migration, eurozone issues or wages of British people, issues raised during his Leave campaign, Mr Farage singled out the regulation of UK businesses by the EU as a supreme act of betrayal.

To comprehend why Mr Farage is opposed to EU regulating UK businesses; one must review the regulations that Brussels has decided to impose on its member states.

According to the Financial Times:

“Brussels is to push for new disclosure requirements forcing companies operating in blacklisted tax havens to come clean about their profits and tax payments in a sign the crackdown response to the Panama Papers revelations has begun to snowball worldwide… The European Commission is preparing next week to strengthen a long-planned measure to force corporate disclosure of tax payments, profits made, and the number of employees in individual countries, so that the disclosure applies not only to activities in Europe but to those in a planned blacklist of tax havens outside the EU.” 

https://www.ft.com/content/5ee51bf4-fda3-11e5-a31a-7930bacb3f5f

Thanks to Mr Farage’s successful campaign to leave the EU, tax-avoiding businessman that operate in the UK, will now be able to retain their immunity from EU regulations. Brexit ensured that our wealthy elite would continue to enjoy their assets with having to pay any tax, subjecting the British national to either higher taxes or reduced NHS and social security benefits.

According to the Guardian, in the year 2013, Mr Cameron attempted to shield offshore trusts from EU’ s crackdown on tax-avoiding practices.

“David Cameron intervened personally to prevent offshore trusts from being dragged into an EU-wide crackdown on tax avoidance, it has emerged. In a 2013 letter to the then president of the European council, Herman Van Rompuy, the prime minister said that trusts should not automatically be subject to the same transparency requirements as companies… Cameron made cracking down on tax avoidance a central theme of Britain’s presidency of the G8 group of wealthy nations in 2013, and the proposal for a central ownership register was one of the proposals discussed at the Lough Erne G8 summit in June of that year. But when some in the EU wanted to extend the same principle to trust structures, Cameron said in his letter to Van Rompuy that tax authorities were already “gaining access to more information than ever before on trusts, especially offshore trusts,” through information-exchange agreements with tax authorities in different countries.”  

https://www.theguardian.com/politics/2016/apr/07/david-cameron-offshore-trusts-eu-tax-crackdown-2013

Evidently, Mr Cameron’s ambition coincides with Mr Farage’s objective to protect our wealthy tax-avoiders from the new EU regulation, which aims to end tax-avoiding practices amongst its Member States.

Mr Cameron announced the EU referendum, immediately after the final draft of EU’s Anti Tax Avoidance Directive was completed.

Once the referendum was announced, to protect their offshore accounts and trusts, wealthy British individuals with offshore accounts and trusts, ignited their propaganda engines to convince the British people that the EU is a demon, a dictatorship, a new world order instrument and so on.

Daily Mail, Express, The Telegraph and The Sun were all campaigning to leave the EU. Coincidentally, they are all owned by individuals who avoid paying their taxes in the UK.

Daily Express’ Owner Tax Profile

“New Express owner Richard Desmond’s huge publishing and TV sex empire has paid just £200,000 in corporation tax since it was established eight years ago, The Observer can reveal… His two main holding companies – Northern & Shell Group Ltd and Portland Investments Ltd – are owned by trusts in Guernsey, the Channel Islands tax haven.”

https://www.theguardian.com/media/2000/dec/24/pressandpublishing.dailyexpress

Daily Mail’s Owner Tax Profile

“At other times Rothermere makes a point of being elusive and mysterious. He enjoys telephoning an editor, whom he has spoken to only the day before from Paris, and announcing: ‘I’m ringing you from the Goldener Hirsch in Salzburg,’ or ‘I’m in Tokyo at the Imperial.’ Sonia Sinclair remembers sitting next to Rothermere at a party for Imelda Marcos at the Philippines embassy. ‘Vere turned to me towards the end of dinner and said: ‘I’m leaving this country tomorrow for good. It’s absolutely essential, otherwise I’ll be virtually ruined by taxation, and I feel terribly strongly about keeping the empire together.”

http://www.bbc.co.uk/mediacentre/latestnews/2012/panorama-truth-about-tax.html

The Telegraph’s Owners Tax Profile

“The Ritz Hotel, where suites cost up to £3,600 a night, has paid no corporation tax in the UK since is was taken over by the billionaire Barclay twins 17 years ago.”

http://www.mirror.co.uk/news/uk-news/the-ritz-has-not-paid-corporation-tax-1494188

The Sun’s Owner Tax Profile

“Rupert Murdoch’s media conglomerate News Corp. lobbied in favor of the new Panama free trade pact, according to federal lobbying disclosure forms — a pact that will make it more difficult for the U.S. government to crack down on Panama-related tax abuses. Panama is a notorious tax haven, and News Corp. also operates a subsidiary there. The company’s flagship American news outlets — The Wall Street Journal and Fox News — reported extensively on the three free trade deals passed by Congress last week without disclosing the parent firm’s lobbying activity.

http://www.huffingtonpost.com/2011/10/19/rupert-murdoch-corporate-tax-panama-trade-deal_n_1018600.html

If UK remained in the EU, the British government would have to implement the EU’s Anti Tax Avoidance Directive, and by the year 2019, Richard Desmond, Lord Rothermere, Barclay brothers and Rupert Murdoch, owners of the pro-Brexit press would either start paying taxes to UK’s tax authorities or foreclose their businesses.

Therefore, to protect their tax-free assets from EU’s Anti Tax Avoidance Directive, the owners of these tabloid newspapers and other wealthy tax-avoiders had no other option, but to brainwash British people to vote in favour of leaving the EU.

Our great “patriot”, Mr Farage also tried to avoid paying his taxes by opening an offshore trust fund?

http://www.mirror.co.uk/news/uk-news/ukip-leader-nigel-farage-admits-1972988.

Unlike Britain’s rich and powerful tax-evading individuals, whose businesses will continue to enjoy tax havens free from EU regulationsFarage’s little people will not reap any benefits from leaving the EU.

In April 2015, the owner of the Sunday Express, the Daily Star and OK! magazine, Richard Desmond donated £1.3m to UKIP, claiming:

“I firmly believe in Ukip. It’s a party for good, ordinary British people. It is not run by elitists.”

http://www.express.co.uk/news/politics/570952/Express-Newspapers-Chairman-Richard-Desmond-gives-1-3m-to-Ukip

If Mr Desmond and other wealthy Brexit campaigners truly respected the good, ordinary British people, they would pay their taxes and spare them from the ongoing austerity measures, wouldn’t they?

 

Advertisements

8 Replies to “This is why tax-avoiding media tycoons want Great Britain outside the EU”

  1. I became suspicious of the ‘Four Trash Rags’ last autumn, thinking what’s in for them. I researched the ownerships and your blog confirms my thinking. I have been banging the drum ever since and am delighted with your well written blog. May it reach the many.

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s