Get your own house in order, Mr Cameron
June 6, 2103
It seems rather odd that the UK Prime Minister is taking Bermuda, and other offshore entities, to task without addressing the very serious loopholes which are used by many major UK businesses to minimise what they actually pay in tax.
The recent case of Vodaphone boggles the imagination.
It has been reported in the UK press that Vodaphone owed HM Revenue & Customs an amount not unadjacent to £7 billion.
In a sweetheart deal, approved by HM Revenue & Customs boss Dave Hartnett, the sum owing was reportedly reduced by close to £6 billion.
Had this been the ordinary man-in-the street, there is no way that they would have received such favourable treatment.
Then there are the other cases, involving Goldman Sachs, Google and Amazon, to name a few.
Surely, Mr Cameron and his Government need to fix the very serious domestic hemorrhaging of revenue before taking lower tax domiciles to task?