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From: The Socialist issue 1033, 13 March 2019: Weak Tories must go. General election now!

Search site for keywords: Them & Us - US - Tax - Government - Socialist - Cuts - Super-rich - Grangemouth - Isle of Man

Them & Us

Them and us fishes, photo Suzanne Beishon

Them and us fishes, photo Suzanne Beishon   (Click to enlarge)

Billionaire exodus to tax havens

A third of British billionaires have moved to tax havens in the last ten years, between them avoiding billions of pounds of tax.

They include Britain's wealthiest man, Ineos boss Jim Ratcliffe, who held workers and the community at Grangemouth oil refinery to ransom in 2013 - forcing them to agree to a draconian package of cuts to their terms and conditions or face the plants closure.

According to the Times, British citizens in tax havens and their companies have made 5.5 million in political donations since 2009 - with the bulk of that going to their representatives and big business lackeys in the Tory party and Blairite wing of the Labour Party.

Tax havens include the beautiful sun-drenched Caribbean locations of the Bahamas, British Virgin Islands and Belize; for those who prefer the city life there is Monaco; or for billionaires who want to stay closer to home there is the Isle of Man and the Channel Islands where wealthy residents who rent or buy a 1.75 million property can qualify for a 1% tax on income.

The Socialist Party says tax the super-rich! Trade union action to end the cuts to the government departments responsible for chasing unpaid and avoided tax. For a socialist government to take into public ownership the top 150 companies and the banking system that dominate our economy. Run them under democratic working-class control and management, with compensation only paid on the basis of proven need.

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Coronavirus crisis - Finance appeal

The coronavirus crisis has laid bare the class character of society in numerous ways. It is making clear to many that it is the working class that keeps society running, not the CEOs of major corporations.

The results of austerity have been graphically demonstrated as public services strain to cope with the crisis.

The government has now ripped up its 'austerity' mantra and turned to policies that not long ago were denounced as socialist. But after the corona crisis, it will try to make the working class pay for it, by trying to claw back what has been given.

  • The Socialist Party's material is more vital than ever, so we can continue to report from workers who are fighting for better health and safety measures, against layoffs, for adequate staffing levels, etc.
  • Our 'fighting coronavirus workers' charter', outlines a programme to combat the virus and protect workers' living conditions.
  • When the health crisis subsides, we must be ready for the stormy events ahead and the need to arm workers' movements with a socialist programme - one which puts the health and needs of humanity before the profits of a few.
Inevitably, during the crisis we have not been able to sell the Socialist and raise funds in the ways we normally would.
We therefore urgently appeal to all our viewers to donate to our special coronavirus appeal.

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