Tuesday, April 10, 2012
Tax loopholes of U.K.'s richest stun minister
Finance Minister George Osborne was left "shocked" after an analysis of the tax returns of multimillionaires, which he ordered, found that they were exploiting loop-holes to pay little or nothing at all.
A confidential study by Revenue and Customs found that the very rich were using aggressive avoidance schemes to reduce their income-tax rate to an average of 10 per cent - less than half the amount paid by the average Briton.
Hello!!! This is what we are saying. It's not a matter of the poor being jealous of the rich. It's a matter of the rich ripping off everyone else.