It seems a popular sport on the BBC these days to go after successful multinationals who use every legal trick to minimise the tax they pay here in the UK. Demonising the likes of Starbucks and Amazon has been an enthusiastic activity for the Broadcasting House comrades. The game is moving on however and now it is time to go after the “Big 4” Accounting firms who provide the financial advise to these multinationals and are thus “implicit” in the tax avoidance activity that so worries the political left and its broadcasting arm. So, I listened to the 7.39am item on Today when this was discussed and no less august a figure that Margaret Hodge was brought on to pronounce on these matters, effectively threatening the large Accountancy houses with the loss of government contracts if they do not stop helping large corporations. I guess Hodge does understand a few things financial, given her £1.8m shareholding in Stemcor and her lavish use of taxpayers money to fund her expenses. Such details are irrelevant to the BBC, it seems, as it does everything possible to present this harridan as the very model of financial probity.
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It’s surprising – the list corruption has been around for ages but never got closely examined …
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