Nice to know we're all in it together.

It's not only Barclays, there are thousands of British companies who have registered their firms to foreign countries so they can forgo paying UK corporation tax, and more do so every year.

Apparently the practice has been going on since the 1950’s but it was small fry back then, nowadays it usually includes the directors of companies not having a salaried wage but payment in shares options instead from the company profits, these shares are considerably higher than a salaried wage and do not have to be declared to the Inland Revenue, and after getting cashed into an offshore bank account this payment will only incur the tax-haven rate of tax which may be as low as 2%

So while us mugs in the UK slog our guts out working for an ever decreasing salary which is often taxed by PAYE, and a pension like a carrot on a stick that moves years away as we age, the offshore banking classes are reaping huge bonuses and big share payouts and paying nothing at all to the UK.

However, The Tory Bankers Party Government have very quickly responded to this greedy development by cutting out the very jobs in the Inland Revenue that used to examine and track down Companies that flouted British tax laws with Corporation Tax avoidance.

An estimate last year was put at £200 Billion UK Pounds of unpaid tax money leaving the UK every single year, this will surely go up now the Tories Millionaires Mobster Outfit men are sitting around the cabinet table, don’t forget they have offshore accounts too!

We are all in this together!

It’s sad but true - they’re getting rich by robbing us.

Debs