Absolutely outrageous that Facebook's UK tax bill is 0.62% of their revenue here; on an income of £1.2 billion they really should be paying much more than £7.4 million.— Margaret Hodge (@margarethodge) October 8, 2018
There is precious little chance of HMRC being made to improve its performance if politicians are as woefully ignorant of the basics of finance as Hodge!
Tax does have to be taxing.
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Ahhh...La Dame Margaret, she of ..."we don't deal with individual cases..." per PAC and Osita Mba fame, whilst ignoring the herd of elephants in the room?
ReplyDeleteWhat was that about hypocrisy again?
Still, the book was worth a read.
Interesting picture.
ReplyDeleteYeah, it's outrageous Margaret I couldn't agree more. Wiki shows you were born Margaret Eve Oppenheimer. Actually, if you put Margaret Hodge Oppenheimer into your favourite search engine, there are some surprises on the first page. Here's one..
www.telegraph.co.uk/finance/businesslatestnews/9668396/Margaret-Hodges-family-company-pays-just-0.01pc-tax-on-2.1bn-of-business-generated-in-the-UK.html
I must put her book on my Christmas reading list.