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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:


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'Paradise' for billionaires - austerity for us


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PFI privateers dodge tax

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Related links:

Tax:

triangleNewham council tax workers' pay victory

triangleEaling tax office workers strike against closure

triangleSadiq Khan "out-Tories" himself to defend tech firms' tax bonanza

triangleShell pays 0 corporation tax, and plans huge hike in fossil output

PFI:

triangleCapitalism fails NHS services in Liverpool: scrap PFI!

triangleNorthern Ireland: strike action by NHS workers

triangle300 NHS nurse suicides in seven years - fully fund our health service now!

triangleNon-fiction: 'Unhealthy Profits: PFI in the NHS'

Privatisation:

triangleChildren need intensive care? We don't care!

triangleSave the NHS: kick out the Tories

Taxes:

triangleTake the wealth off the super-rich

Public ownership:

triangleNationalise the railways: For an integrated public transport system

Public services:

triangleIgnore the hype - austerity goes on: organise to resist

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