Monday, May 11, 2009
Did MP's run the UK economy so that they could fill their boots?
Telegraph: MPs could face income tax bills over expenses
Section 292 of the Income Tax (Earnings and Pensions) Act 2003 Act states that no income tax liability arises from allowances paid to MPs for “additional expenses necessarily incurred by the Member in staying overnight away from the Member’s only or main residence, for the purpose of performing parliamentary duties.” However, we now know that to avoid paying capital gains tax MP's have been stating to HMRC that their second home was in fact their primary home! The timing of this act is interesting as in 2004 interest rates should have been raised but were in fact reduced (often rumoured due to political pressure) thus causing the boom in the housing market. Therefore a layman might conclude that MP's have run the UK economy for the sole purposes of filling their boots!
29 Comments
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1. mken said...
"Did MP's run the UK economy so that they could fill their boots?"
The same reason they are saving the banks
2. Norfolk&clue said...
My God, journalists actually doing their job? Heaven forbid I might start buying The Telegraph (shame on me)...
3. tyrellcorporation said...
I think people are under the dangerous misconception that politicians actually care about anyone else other than themselves and their immediate family.
4. happy mondays said...
@ 2
No, i think not, people are starting to wake up and take off the blindfold..
5. crunchy said...
Some more of you bloggers may be ready to join the loonie club. More pain first!
6. denzil said...
"Therefore a layman might conclude that MP's have run the UK economy for the sole purposes of filling their boots"
When considering filling ones boots only an idiot would consider doing so by becoming an MP. Far easier ways to earn money.
7. p. doff said...
You don't need to be a loony to accept that our politicians are corrupt blood-suckers. That's reserved for the free energy/Mayan calendar brigade.
8. crunchy said...
A concession is a start!
9. goweresque said...
Am I a bad person because the thought of (especially Labour) MPs being investigated by the Inland Revenue makes me very happy? That all those extra Revenue investiagtors will now turn their gaze from the productive sector of the economy to the 'pigs in troughs' sector that is the House of Commons?
10. nomad said...
"Did MP's run the UK economy so that they could fill their boots?"
Can I add the boots to my expenses?
Hazel
11. sneaker said...
Worried about taxes?
Mad about government expenses?
Shocked by rumours of flying objects?
Puzzled? Confused? ANGRY? Don’t know which way to turn?
Well, I’ve got news for you... It doesn’t have to be this way!
Visit the Inland Revenue Tax Evasion Hotline website ... and report your MP!
http://www.taxevasionhotline.co.uk
Where there have been blatant abuses of the system regarding non payment of capital gains tax, the authorities should act as detailed below:-
"HM Revenue & Customs Tax Evasion Hotline
HMRC is committed to targeting tax evasion. We know some people don't pay their fair share of tax, which is unfair for the rest of us. Now you can help us do something about it.
The Tax Evasion hotline deals with income tax, corporation tax, capital gains tax, inheritance tax, VAT and National Insurance.
The Hotline can take your call on 0800 788 887 (Lines are open Monday to Friday 8am to 8pm, Saturday and Sunday 8am to 4pm), or you can submit a report here.
No information - however trivial it may seem -is too small. It could be the key to stopping fraudulent or criminal activity.
Make a report online now."
Swing the Surveillance Society around! Watch back!
Make use of the Database State!!
For happiness, success and a nice warm feeling.
Revenge is sweet!
12. mdmick said...
Hey, they said sorry, didn't they?! Leave them alone!
13. Desperatedan said...
Nice Post@10.
The Tax payers alliance should set up a link.
Name and Shame them.
And go into specific details. With a search by county facility. That way I can report my MP.
Wouldnt that be great>? Turn their nasty powers back onto them..............
Without REAL accountability before there will be a real recovery
14. shipbuilder said...
2. tyrellcorporation said...
"I think people are under the dangerous misconception that politicians actually care about anyone else other than themselves and their immediate family."
All of the economic and political theory that dominates today's world works on the principle that no-one cares about anyone other than themselves and their family - 'Who is society? There is no such thing! There are individual men and women and there are families.' - so said one of our 'great' leaders. Are you saying you disagree?
15. last_days_of_disco said...
Its called politics, deal with it. We need to simply skirmish. Every single abuse must be reported, followed up, etc, etc. If the whole population becomes politically active, MPs will find it impossible to get away with nonsense like this. When last did you report your MP. When last did you write to your MP? When last did you write to a newspaper about your MP? Join a political party, go to the meetings, do stuff.
These are things you can do. I do them, if you can blog here, you can do that. When Vatcher as the unwashed call her was doing her stuff things were pretty dicey. And that generation rose to the challenge, its our turn.
16. shipbuilder said...
Why have I never heard one interviewer or writer on this subject ask the blindingly obvious question - 'would you now be apologising or doing anything about this 'disgraceful system' had you not been found out?'
17. crunchy said...
I have tried to point out this corrupt system on a few occasions only to be called a conspiraloon. The rabbit hole runs much, much deeper than most would imagine or be able to handle.
Expect much, much more as the years unfold. For some this is no suprise and is just the beginning of a much bigger thing.
"WATCH THE MONEY". and you will see the True Masters at work!
18. shipbuilder said...
Crunchy - how deep does the rabbit hole go? To where the puppet masters can control the world but not keep something out of the papers? Or maybe that's part of the plan - do they move in mysterious ways? Sounds familiar!
19. happy mondays said...
@ last_days_of_disco
If the whole population becomes politically active! There lays a problem .. most people would rather watch eastenders or get fanatical over a football game, than get politically involved..we have sleep walked here, over a few thousand years, but hopefully with all whats going on, and the rest what is soon to come, people will come out of that coma..
@ shipbuilder
'would you now be apologising or doing anything about this 'disgraceful system' had you not been found out?' Nope!
@ p. doff
The ancient sages said "do not despise the snake for having no horns, for who is to say it will not become a dragon?"
20. p. doff said...
All the dragons have been slayed in my world.
21. crunchy said...
16. shipbuilder, If the papers don't know, they don't print. It's all very well being above it all.
Things are put into financial operation and the rest is pure "reaction." If you can't see that you can't see it. I can, and for me that's been important it may be for others who want to protect what they have left too. Knowing how the wheels turn has helped me no end.
It has been a worthwhile education for me. Worth seeking out.
Know thy enemy.
22. crunchy said...
This is going to be the biggest wealth transer in history. You don't want to be asleep at the wheel, taking the higher ground.
Nothing more to report Sir Ship!
23. shipbuilder said...
crunchy - I can see it, I just have a different view on who and why and the appropriate reaction to it. I've had the debate on here before with others, and my thoughts are well documented. Although apparently there is only one way it can be seen and I am doomed with all the other non-believers. So be it.
24. crunchy said...
Good luck Ship!
25. Novice Pete said...
History and Time, Have we really learned anything at all!
26. novice pete said...
history and time, have we really learned anything at all
27. happy mondays said...
@ 23
History has taught me, that i'm a miserable git in the morning, if i stay up to late blogging! Time for bed..
28. Teresagreen said...
I am currently studying at university, if anyone is aware of the term 'false consciousness' espoused by Marx you would understand that indeed the 'rabbit hole' does run much deeper (regardless of those who claim a conspiracy, those who do never question that the political system is actually conspiratorial in nature...you are privy to only a small percentage of political decisions). Academics however have long been aware that to raise your head above the pulpit is to have it shot off. According to some academics, there are approximately 89 people who run this planet; economically, politically and through social engineering. They will fight tooth and nail to maintain the status quo, it is in their favour and interests to do so...nothing new, historically based and so in need of reform!
29. a saver said...
These MPS should be looking at prosecution for fraud, not just income tax bills.
Didn't this country put a young Aussie girl in prison for fraud for obtaining a holiday visa then seeking work here?