Is this a case of poacher turned game keeper or Big Business protecting it’s interests. It would be interesting what other interests this gentleman has. On it’s latest appointments to the HM Revenue and Customs Board, the treasury has surely heard the concerns of the public manifested in the outing of Amazon, Google and Starbucks and basically given two fingers to them. Amongst the recent appointed non-execs is the recently retired CEO of RWE Npower, that foreign developer of wind farms loved by us all(?), Volker Beckers. As finance director between 2003 and 2010 the company showed tax credits rather than tax payments, largely because of the annual payment of hundreds of millions of pounds in tax deductible interest out of the UK, most of it to it’s own offshore finance vehicle, Scaris Ltd. It would seem that for the likes of Amazon, Google, Starbacks and RWE Npower, capital gains tax is an optional item. These companies claim they pay tax. PAYE is what they are talking about and most of that is our tax, only collected and remitted by the employer. It’s a bit like the gypsies claiming they pay tax and what they are taking about is only the road tax on their vehicles without which they would be towed away and they would lose them. At HMRC Beckers will chair the “Scrutiny Committee”. Surely scrutiny of big business should hardly fall to one of their own. So you tell me is this Poacher turned Gamekeeper or Big Business looking after it’s own? HMRC have up to now not covered itself with glory when you consider how much they let Vodaphone off with. And RWE Npower have a vested interest in the status quo, especially in regard to it’s windfarms. Another proof that parts of government seem rotten to their core. (thanks to Private Eye for this information)
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