Join the Socialist Party Join us today!

Printable version Printable version

Facebook   Twitter

Link to this page: http://www.socialistparty.org.uk/issue/925/23962

From The Socialist newspaper, 16 November 2016

Super-rich investigated

Them and us, image by Suzanne Beishon

Them and us, image by Suzanne Beishon   (Click to enlarge)

One third of 'high net worth individuals' are under investigation by HM Revenue and Customs, says the National Audit Office.

Those with wealth of over £20 million - about 6,500 people in the UK, the 0.01% - could owe £1.9 billion in missing tax. Tax collectors estimate about £1.4 billion of this went to advertised tax-avoidance schemes.

The Socialist welcomes Revenue bosses turning their attention from attacking staff to taxing the super-rich. But we say: investigate the lot of them! How does anyone 'earn' over £20 million?

It's unlikely to be through work, that's for sure. It's most likely to be money workers have made for them, which they claim to own. Taxing some of that back is all well and good, but workers produced it, and the working class should own the lot.

Nationalise the banks and top corporations. Take the wealth off the 1%. For a democratic socialist plan of production, not just begging capitalist thieves to hand some of their loot back.

Why not click here to join the Socialist Party, or click here to donate to the Socialist Party.


In The Socialist 16 November 2016:


It's Socialism or Trumpism

Trump victory: Failure of the Democrat establishment

Lessons for Britain: Trump victory shows the right can't beat the right


Socialism 2016

Socialism 2016: Electrifying and powerful weekend puts socialism on the agenda


Socialist Party workplace news

Mass prison officer walkout over health and safety

Durham teaching assistants strike: 2,000 walk out

London Underground: RMT wins victory

Steel workers' pensions under threat again

Deliveroo couriers get organised

Workplace news in brief


Socialist Party news and analysis

Support the campaign to readmit expelled socialists

Secret hospital closures: bosses must come clean

£1.5trn household debt - nationalise the banks!

Court win against bedroom tax not enough

Super-rich investigated


Socialist Party youth and students

Students and workers unite and fight!


Privatisation and the 'race to the bottom'

Privatisation and the 'race to the bottom'


Socialist Party reports and campaigns

Southampton Labour must bin Tory cuts!

Cumbria: Stop axing care home places

TUSC vindicated in censorship protest

Bristol campaigners demand anti-austerity alternative


Socialist readers' comments and reviews

A Street Cat Named Bob: tale of neglect by capitalism

The Socialist Inbox


 

Home   |   The Socialist 16 November 2016   |   Join the Socialist Party

Subscribe   |   Donate   |   Audio  |   PDF  |   ebook






Related links:

Super-rich:

triangleThe have-yachts and the have-nots

triangleThe Socialist inbox

triangle1,000 super-rich own £658 billion!

triangleMcDonnell promises reversal of Tories' tax cuts for the super-rich

triangleFrance: Groundswell of support for left candidate

Rich:

triangleWhole establishment exposed for role in Grenfell fire

triangleCorbyn's manifesto: An important step in the right direction

triangleMélenchon result shows potential for building a mass left force

triangleThem & Us

Tax:

triangleBlairite EU rebellion: no to the bosses' Single Market

triangleHow can Corbyn's programme be implemented?

triangleMay's 'dementia tax' wobble vs Corbyn's extra funds

Wealth:

triangleMarx's Capital at 150: an unequalled analysis and critique of capitalism

triangleCity bosses' £40m bonuses as Number of food banks hits 2,000

Socialist:

triangleCarlisle Socialist Party: Russian revolution 1917 - the role played by the Bolsheviks

Workers:

triangleCoordinate the strikes to defeat the Tories

Nationalise:

triangleCuts, profit and bureaucracy lead to 50% rise in mental health deaths

Working class:

triangleCrunchy guitar and poignant dialogue in alt-rock homage to south Wales miners

The Socialist:

triangleSouth-East London Socialist Party: From Militant to the Socialist Party

HM Revenue and Customs:

triangleArgos fails to pay staff minimum wage - taxman cuts fine in half!

Capitalist:

triangleBirmingham South East Socialist Party: Venezuela - is the capitalist class preparing a coup?,

Banks:

triangleGlobal finance: Are those storm clouds ahead?

News and socialist analysis

News and socialist analysis

22/8/17

Strikes

Coordinate the strikes to defeat the Tories

9/8/17

Pay

Striking back against poverty pay

9/8/17

Finance

Global finance: Are those storm clouds ahead?

9/8/17

Mental health

40% of England's psychiatric wards are 'unsafe'

8/8/17

Venezuela

Venezuela shows battle Corbyn would face

31/7/17

Trade union

Government's tribunal fees defeat

26/7/17

Debt

Abolish tuition fees and student debt!

26/7/17

Them & Us

Them & Us

26/7/17

Homelessness

Homelessness and evictions soar under the Tories

26/7/17

BBC

BBC yawning pay gaps revealed

26/7/17

Brexit

Right wing attempts to use single market against Corbyn

25/7/17

PCS

Court victory for PCS and all trade unions

19/7/17

Education

Education cuts: Tories buckling under public pressure

12/7/17

Refugees

G20 betrays refugees created by its own policies

12/7/17

Anti-austerity

This bosses' government must go

triangleMore News and socialist analysis articles...


Join the Socialist Party
Subscribe to Socialist Party publications
Donate to the Socialist Party
Barts strikers, 15.7.17 demo, photo Paul Mattsson

triangle22 Aug Coordinate the strikes to defeat the Tories

triangle21 Aug The role of the RMT in changing Labour

triangle21 Aug Bin workers say: Sack Suez, stop rubbish cuts!

triangle17 Aug Bin workers - fighting back wins!

triangle17 Aug Vital women's services under threat

triangle15 Aug US: neo-Nazi violence reawakens resistance

triangle9 Aug Marx's Capital at 150: an unequalled analysis and critique of...

More ...

triangle22 Aug Manchester Socialist Party: What is anarchism?

triangle22 Aug Birmingham South East Socialist Party: Why do we need international socialism?

triangle22 Aug Derby Socialist Party: Israel/Palestine - one state or two?

triangle23 Aug Salford Socialist Party: Why Marxism opposes terrorism

More ...

Socialist Party Facebook page
Socialist Party on Twitter
Visit us on Youtube

Archive

Archives:

August 2017

July 2017

June 2017

May 2017

April 2017

March 2017

February 2017

January 2017

2016

2015

2014

2013

2012

2011

2010

2009

2008

2007

2006

2005

2004

2003

2002

2001

2000

1999

Legal

SP RSS feed RSS

Platform setting: = No platform choice

V2