Margaret Hodge's Family Company Pays Fcuk All Tax

Wordsmith

LE
Book Reviewer
#1
It would appear Margaret Hodge's family company pays fcuk all tax on its UK activities.

Margaret Hodge's family company pays just 0.01pc tax on £2.1bn of business generated in the UK - Telegraph

Margaret Hodge's family company pays just 0.01pc tax on £2.1bn of business generated in the UK,

Margaret Hodge, chairman of the Public Accounts Committee, is facing embarrassing revelations over the tax affairs of her family company just days before she is due to lead the grilling of US companies over controversial tax arrangements.

The Labour MP has been one of the fiercest critics of tax avoidance by companies such as Starbucks, Google and Amazon. However, she is likely to face questions over the limited tax paid by Stemcor, the steel trading company in which she owns shares and which was founded by her father and is run by her brother.

Analysis of Stemcor’s latest accounts show that the business paid tax of just £163,000 on revenues of more than £2.1bn in 2011. However. it is not known whether the company – which made profits of £65m – used similar controversial tax avoidance measures criticised in the past by Mrs Hodge.

Stemcor’s tax bill to the exchequer equates to just 0.01pc of the revenues it booked through its UK-based business. In accounts filed with Companies House, Stemcor revealed that despite generating about one third of its revenues in Britain, its UK tax contribution made up only 2.7pc of the tax the company paid globally.
Don't do as I do - do as I say...

Wordsmith
 
#2
Socialism

A lying, cheating Labour MP. Who'd have thunked it?
 
#3
So MP's & Starbucks can avoid paying Tax, so why cant Civil Servants & the Military?
Whats good for one surely is fair for the other!
 

TheIronDuke

ADC
Book Reviewer
#4
She is a shareholder. Not a director. There is a difference. Do a Google.
 
#10
We should all do it.

We could change to self-employed, tax haven based military consulting firms... that are contracted and paid for by the Army.

Rename to the 'Channel Island Regiment'.
 
#16
C is for Conservative. C is for self-serving Cunts.
I think you'll find that B is for self-serving cunt.

Also Blair and Brown, what a suprise.

Why am I bothering to sort of defend one set of self-serving cunts against another you might ask? I don't actually know. There isn't a modern politician who couldn't swap sides without breaking step. And nobody would notice the difference.
 
#17
P is for politician. P is for self serving, lying, fraudulant, cheating bunch of cunts who you wouldn't trust as far as you can throw them. (No "P" in there, but I am sure you get what I'm hinting at...)
 
#18
Nothing wrong with a bit of tax avoidance. Nothing at all. I know this because Ken Livingstone said so when he was caught laundering his income through a personal service company.

Socialism. It's the way ahead.
 

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