Sunday, 5 December 2010

Tax Protesters

So protesters closed down Topshop for an hour yesterday because they don't like people making money and so arranging their tax affairs that they pay the minimum. I wonder what contribution to the general tax take these protestors make. Polly Toynbee, who was present at the protest, makes some contribution but I do not get the feeling that she wishes to pay over the odds, owning I believe more than one house. 
The protest was to draw attention to the £1.2 billion dividend paid to Lady Green by Arcadia, the owners of Topshop, which the protesters say should have been subject to UK tax but which wasn't because Lady Green is a resident of Monaco. However if the protesters are interested in increasing the UK's tax revenues why did they stop Topshop trading, thus making more profit and thus paying more tax? Curious logic. The logic of jealousy and spite.  

No comments:

Post a Comment