Russell Brand – Elon Musk sparred with Bernie Sanders over tax policy this week. How do billionaires get away with paying so little relative tax compared to you, and why do so many politicians seem to want to keep it that way?
There was a documentary about a town in Wales where all the local shops adopted the same tax strategy as Amazon. As soon as that happened HMRC shut the loophole down. They didn’t mind Amazon doing it but not so keen on small independents benefitting from it.
Unless we get rid of lobbyists and issue severe punishment for accepting money/gifts from the rich and corporations we will always have this situation.