LONDON, March 18th, 2012 - George Osborne, the British Minister for the Economy, intends to be caught some with tax avoidance in the budget from austerity which it will present this Wednesday. Easiest which avoids the tax on the real estate will be aimed.
“Unacceptable”
The third budget of austerity of the Cameron government which will be presented on March 21st is the subject of the speculations of the press these last days. In an interview granted to the BBC, the British Minister for the Economy indicated that the government intends to take new measures to fight more effectively against tax avoidance. George Osborne then particularly mentioned the easy people who benefit from companies offshore oil rigs to avoid paying their taxation of the real estate. The Minister qualified the situation of unacceptable and promised to fight severely against this practice which consists in domiciling the properties in this type of companies to avoid the tax on the real estate. Because of that, the State would show a shortfall of more than one billion books according to Sunday Times which affirm that they would be several in the world of the show biz and the businesses to be used of this practice. To illustrate the facts, the Sunday newspaper in particular mentioned Mick Jagger and Bob Geldof.
A budget turned towards the workers
In addition, George Osborne, who will present the plan of austerity this Wednesday, made a point of answering criticisms which evoke a budget for the rich person. The British Minister for the Economy then affirmed that the priority of this budget goes in the direction of the workers and the average revenues. However, being based on one of engagements of the government acuel, the press counts on a probable lowering of 50% of the taxes of the raised incomes, a measurement which is likely to be unpopular per hour when the British households are to oblige tightens the belt.
It should be noted that Great Britain is about to vote its third budget of austerity of at a stretch. |
