Posts Tagged ‘Hodge the hypocrite’

So Google “do evil” according to self anointed head of the tax inquisition Margaret Hodge MP. They did after all pay only £2.3m corporation tax on a £3.2bn turnover in the UK. Seems a bit dodgy I think we can all agree.

Two things here, I’ll start with the hypocrisy first, and there is an MPs expense list sized shitload of it.

Hodge is a shareholder in steel company Stemcor. Her family company (which include trusts and holding in the name of her children in order to avoid inheritance tax) latest accounts show that the business paid tax of just £163,000 on revenues of £2.1bn in 2011. Less than 1/100 of 1%. There are of course spluttered excuses that the company pays all the tax it owes under law and that she has no direct control (since she put it in trusts and her sprogs names to avoid even more tax)

If you really want to choke on your conrflakes you can see her excuses trotted out here. (Students of body language, enjoy!)

or here

After all she is on record as saying “The tax you owe is a duty. It’s an obligation.”.

So here’s my second point.

They both obey the law. Maybe not the moral one we’d all like to see followed, but I suspect they have an army of highly paid accountants ensuring they follow the letter of the law. Like MPs who scammed the system, like public sector chiefs who pack remuneration boards with cronies, technically they have done nothing wrong.

And who drafted the laws? Who decided on one of the most complicated tax codes in the world? MPs. Especially those that seem to have an interest in the countries taxation system. MPs like the Queen of hypocrisy Hodge.

So before she drags more companies in to try and embarrass them into voluntarily filling up the exchequer, Companies that employ people who actually pay income tax, national insurance, VAT, fuel tax, council tax, inheritance tax & capital gains tax to name just a few (and so unlike her and the rest of her scumbag colleagues) Maybe Hodge ought to have a long hard look at herself and her holdings in tax avoiding Stemcor.

After all if it’s so bad, then why isn’t there a law against it, or if it is why isn’t it enforced?

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