Saturday, August 13, 2011

Even The Italians Are Chasing Tax-Dodgers - Why Not The UK ... ?

Finance Minister Tremonti &
Berlusconi to balance Italy's books
Italy has for long been seen by 'Northern' Europeans as a maelstrom of corruption and chaos. It's economy is rife with waste and bureaucracy. Tax dodging - and outright fraud - is the second national sport behind football. Last year it cost the state the equivalent of nearly $142bn (£87.5bn).

Now even the Italians are finally getting the message - both companies and individuals who illegally evade tax are to be considered as the parasites that they are.

The Italian government has commenced a hard-hitting campaign to tackle the issue, and show that it is serious about getting the country's finances in order - and the nationwide campaign doesn't pull any punches.
"Think what you could do with 100bn euros [£87.5bn; $142bn] - build 600 new hospitals or a million new homes - or triple spending on security."
The underlying message is summed up by another slogan describing tax dodgers as "parasites on society". The aim of the campaign is to shame tax evaders into declaring their real income, boosting the government's coffers and helping to stave off financial ruin.

Despite the taxman's best efforts, experts say up to a quarter of the economy goes untaxed, much of it ending up in foreign tax havens.

In the UK, the biggest villains are VodaFone, Boots, and of course the entire Phillip Green Empire (I refuse to acknowledge his knighthood). And if you shop at these stopres or use these company's services, you are supporting that parasitic behavious. The main problem in the UK, however, seems to be an under-funded HMRC and Government unwillingness to even discuss the issue in Parliament.