How would the country manage at all without the loyalty shown by its celebrities who, almost all it seems, either pay for avoidance schemes, live abroad in low tax areas like Monaco, or set themselves up as companies so that the lower corporation tax is paid? Yes Mick, lots of us share your "sense of vulnerability of where we are as a country", which is why we won`t have to wait until next year until "these two tracks....mean nothing"!
Sunday, 6 August 2017
It`s little wonder that Mick Jagger is so "politically" pessimistic about this country`s future. He clearly knows how easy it is for the rich to avoid paying their fair share of taxes, and so deny the Treasury billions of pounds, causing what he calls "a lot of problems". Setting up camp in France to avoid tax in the early 1970s was followed by a tax avoidance scheme whereby the Stones` income was directed to the Netherlands. This apparently played a key role in their financial recovery, having the "satisfaction of paying £4m tax on earnings of £240m".