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

 

“The truth is incontrovertible. Malice may attack it, ignorance may deride it, but in the end, there it is.”

Winston Churchill

Towards the end his BBC interview reflecting on the Supreme Court’s decision, Mr Farage revealed the true intention of his BREXIT campaign, stating:

“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 a supreme act of betrayal.”

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

Mr Farage emphasised that: “if we stay in the single market, we finish up with all our businesses being regulated somewhere else”.  Instead of migration or national sovereignty, Farage singled out EU regulations on UK businesses as the most important aspect of Brexit. 

To comprehend why Mr. Farage is opposed to the EU regulating our businesses; one has to 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

This is the EU regulation that Mr Farage does not want British companies to be subjected to. Therefore, my dear little people of Great Britain, this is what Brexit means for Great Britain, which is protecting the Britain’s wealthy individuals with companies operating in blacklisted tax havens, not the Britain’s little people.

Thanks to Mr Farage’s successful campaign  to leave the EU, the Britain’s tax-evading businessman will now be able to retain their immunity from EU regulations and continue to enjoy their tax havens, whilst the Great Britain’s little people are left with the option of either paying higher taxes or losing out on NHS and social security benefits.

According to the Guardian, Cameron stepped in to shield offshore trusts from EU tax crackdown in 2013

“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, David Cameron did not have the interest of the little people in Great Britain. He was preoccupied with the trust funds of the Britain’s tax-dodgers and since the EU decided to tell our Prime Minister that the EU is committed to the well-being of Great Britain’s  little people, instead of the wealthy few, our Prime Minister decided to hold a referendum on Great Britain’s departure from the EU.

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.

The most prominent media opponents of the EU, the Daily Mail, Express and Sun are owned by individuals who operate from tax havens and pay no 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 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

No wonder these tabloid newspapers and other wealthy tax avoiders were so keen on Britain to leave the EU.

Did you know that our great and true 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 regulationsBritain’s little people will not benefit 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 respected the good, ordinary British people, they would pay their taxes and spare them from the ongoing austerity measures.

Perhaps in the next general elections the good, ordinary British people, will wake up and understand the deceiving nature of UKIP or Tory Brexiteers.

 

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

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