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The bigger picture of taX

DANNY ALEXANDER’S “announcement” yesterday morning of the Lib Dems’ intention to create a new corporate offence aimed at financial institutions and organisations that assist business in avoiding paying their fair share of tax highlights just how quickly the scale of the HSBC scandal has been minimised to a minor regulatory question.

Tax avoidance and evasion is not an issue that’s confined to a single department of a single banking institution in the financial sector but is an endemic and systemic problem in Britain.

It’s been fuelled by more than three decades of policies, which have been a major contributor to the largest redistributions of wealth in human history away from working people to the richest in society.

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