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Monday, 14 May 2012

BBC’s panorama exposes rife capitalist tax evasion

As socialists we have known for sometime the way capitalists evade tax and make billions a year but tonight BBC panorama exposed some of the shadiest of dealings that goes on with the likes of Vodafone and Glaxo Smith Klein.

A special nod has to go to the PCS union who have been tirelessly campaigning against tax evasion for years now. Only now is it becoming a big big issue that polititians can no longer pretend doesn’t exist if nothing else they are forced to pay lip service to trying to tackle tax evasion by rich corporations.

The Tory party and even new labour would never seriously go after rich tax evaders as their interests lie with them they are and have been governments for the 1% the very wealthiest in society.

The BBC panorama episode if you can catch it is fascinating and is a real eye opener to the way the super rich capitalists work and get around their own influenced laws. As we all know the law is not neutral it is heavily stacked against workers and ordinary people if you tried to evade a bit of tax the tax man will come down on you like a tonne of bricks but if your Vodafone or Glaxo’s or the like different story entirely …

This programme showed that if these tax loop holes were properly closed and all the evaded tax properly collected there would be no need for any cuts at all to public services. But as we know this wont happen and we will be instead made to pay for a crisis in capitalism that is not of our making as ordinary working people.

An estimated 120 billion goes evaded every year by big rich corporations that would more than cover the entire deficit for this year and a little bit more. But who is putting this case forward? Only left unions with fighting traditions like the PCS and the RMT for as far as I can tell. The labour party which has no leg to stand on on this allowed this to go on on its watch too so they cannot be trusted to put forward a programme of nationalisation to bring these big corporations into public democratic ownership to prevent them evading tax and stashing millions and billions in offshore tax havens such as Luxembourg which was shown on tonight’s episode.

A true workers government would be looking to nationalise the commanding heights of the economy and gradually look to plan the economy by using the profits from these big multi nationals which will mean other nations having to follow a similar idea to close of loop holes which means capital can be controlled going in and out of the country.

These sorts of measures which would be transitional measures in the transition to a socialist planned economy with a society based on everybody’s needs not just the needs of a few very very rich people who can employ the best accountants to get around any laws that may or may not stand in their way.

So next time you are told the cuts are nessesary just ask them to take a watch of tonights episode of panorama and tell them there is the money out there if it was taxed and collected properly.

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