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From The Socialist newspaper, 8 November 2017

PFI privateers dodge tax

Privatisers are vultures, photo Anita Ritenour (Creative Commons)

Privatisers are vultures, photo Anita Ritenour (Creative Commons)   (Click to enlarge)

Top privatisation companies don't even pay taxes on the profits they leech out of public services.

Five offshore 'PFI' firms spent five years paying almost no corporation tax - on profits of nearly 2 billion. On top of this, nine offshore companies now own 45% of total PFI and 'PPP' privatisation project value.

The shock figures on Britain's 735 major sell-off schemes come from the European Services Strategy Unit think-tank.

Selling state services for bosses' bottom lines is bad enough. Now the vultures won't even let us claw a bit back through taxation.

Scrap all PFI and PPP contracts. Take the lot back into public ownership. Don't pay a penny to predator profiteers. Use their resources to help fund quality services and decent wages.

James Ivens

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In The Socialist 8 November 2017:


What we think

'Paradise' for billionaires - austerity for us


Socialist Party news and analysis

Westminster sexual harassment scandal

Walk out against tuition fees!

Bosses say 217 years to close pay gap - workers' struggle can close it now!

We can win the vote at 16!

Child poverty set to hit 5.2m - unions and Corbyn must act now

PFI privateers dodge tax

What we saw


Workplace news and analysis

Pay cap decisively rejected by PCS union members

BA mixed-fleet workers show strikes get results

Unite union sector conferences: coordinate action over pay

Picturehouse strike: "evil corporations are evil"

Arriva bus strike still solid


International socialist news and analysis

US: Minneapolis Socialist chimes with voters

Ireland: rail workers demand share of 'recovery'

Ireland: dangerous ideas for the ruling class

Spain: Madrid rally celebrates October revolution

Sweden: 'Revolution2017' success


Socialist Party reports and campaigns

Health campaign discusses strategy to save NHS

Chatsworth neuro-rehab ward still open - unions join the campaign

Housing campaigners ask Corbyn to instruct Labour council regeneration ballots

Thousands march in London for Palestine

Opposition to new academy school being built on Leeds playing fields

Orgreave campaigners' Halloween 'Death of Justice' march

Sheffield trees campaigner sentenced to prison

Brum meeting celebrates centenary of 1917


Socialist readers' comments and reviews

Obituary: Derek Robinson, car workers' leader, 1927-2017

Welsh update of Chekhov an engrossing tale of 1980s class conflict

Obituary: Paul Randall, 1959-2017

The Socialist inbox


 

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