Only one in six of UK's richest men is paying any

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The super-rich are using loopholes to avoid paying £2billion a year in income tax, official figures have revealed.

Only one in six of those earning more than £10million a year is paying tax on their earnings - with the rest using loopholes to dodge the burden.

The revelation will fuel anger over the private equity tycoons who are making vast fortunes while the gap between rich and poor widens.

MPs condemned the Treasury figures as a 'national disgrace' and urged Gordon Brown to close the loopholes and help ordinary people instead.

Sir Ronald Cohen, one of Britain's richest men, has warned that rioting could erupt on the streets because of the growing divide between the haves and the have-nots.

http://www.thisislondon.co.uk/news/article-23401287-details/Wealth%20gap%20%5C'could%20lead%20to%20rioting%5C' ,%20but%20bosses%20insist%20private%20equity%20is% 20%5C'a%20force%20for%20good%5C'/article.do

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"Sir Ronald Cohen, one of Britain's richest men, has warned that rioting could erupt on the streets because of the growing divide between the haves and the have-nots."

Better try and kill us all a bit quicker then, hadn't you?

The Rich List...our Hit List !

The tax rackets are endless! Exactly as the elite want.

Rolling Stones pay next to no tax:
http://www.dailymail.co.uk/pages/live/articles/showbiz/showbiznews.html?in_article_id=398648&in_page_id=1773

Revealed: how Jersey woos tax avoiders

Nick Mathiason
Sunday September 17, 2006
The Observer


Internal correspondence between the highest-ranking tax officials in Jersey, seen by The Observer, expose for the first time how the tax haven is actively helping the world's super-rich to avoid tax.
A series of emails, dated from last week, and whose participants include Jersey's head of tax and its Treasury minister, reveal how trust reform will 'allow Jersey to compete more effectively for international work, where wealthy families will often wish to place assets in a trust structure and yet retain certain control over the management of the trust assets'.

In the emails, the Jersey Treasury minister, Paul de Gruchy, writes to his colleagues: 'The tax burden, as with inheritance tax in the UK, will be borne by those who are moderately wealthy but not so wealthy as to be able to afford to place significant assets out of reach for a reasonable period of time.'

When shown the emails, Richard Murphy of the Tax Justice Network, a campaign group highlighting tax evasion, said: 'This proves that Jersey is rotten to the core. We now have evidence that its government knowingly facilitates tax evasion by creating legislation that allows it to happen. The government of Jersey has allowed the creation of sham trusts. Trustees are UK-trained and UK-regulated solicitors and accountants. The UK's professional bodies should make it clear that this is unacceptable. It's clear that the Jersey government's aim is to help the rich evade the tax that they should be paying to other governments, including the UK's.'

Vince Cable, the Lib Dem Treasury spokesman, said: 'The UK government should blow the whistle and not sanction this.' The world's richest individuals have placed $11.5 trillion of assets in offshore havens. Chancellor Gordon Brown has come under attack this month for failing to clamp down on havens.

Malcolm Campbell, Jersey controller of income tax, said: 'There's nothing novel in the proposed changes, which can also be found in the trust laws of other jurisdictions such as New Zealand and Delaware plus a number of other US States. Nor do they do anything to make tax avoidance or evasion more likely than under the present statute.'

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"Sir Ronald Cohen, one of Britain's richest men, has warned that rioting could erupt on the streets because of the growing divide between the haves and the have-nots."




Thats what he is hoping, order out of chaos is their moto!

There is NO have nots in this country unless people choose that lifestyle and he knows that.