The News In Shorts

How the news would look if everyone stopped waffling and told the truth.

Tuesday, 11 October 2011

Osborne Gives Tax Breaks To Wealthy Tax Dodgers.

George Osborne has signalled his intention to reward tax dodging companies with a further £840 million is tax breaks. At present companies in the FTSE 100 avoid £18 billion in tax every year - compared to the £1.5 billion in benefit fraud and would be enough to fund legal aid nine times over or pay entirely for the war in Afghanistan. Four High Street Banks, including those owned by the taxpayer, have, between them, 1,649 subsidary companies based in tax havens. We asked George Osborne, rumoured to be Chancellor of the Exchequer for his comments; "Many of these companies donate to the Tory party and have to be rewarded if the bribe money is to continue flowing. At the same time this is good for business and the wider economy - especially that part of the wider economy called millionaires by the selfish and envious poor. We firmly believe that this will enable the financial system to get back on its feet and start grinding its heels into ordinary people again. I myself quite legally avoided £1.5 million in tax last year and hope to increase this while pretending to be the Chancellor."

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