The Masters have Spoken

In this article in the Guardian entitled Multinational CEOs tell David Cameron to rein in tax avoidance rhetoric the corporate masters have spoken…


The bosses of some of Britain’s largest multinational corporations have urged David Cameron to stop moralising and rein in his rhetoric on tax avoidance ahead of a G8 summit next month.

Chief executives of companies such as Burberry, Tesco, Vodafone, BAE Systems, Prudential and GSK were keen to take a final opportunity to lobby the prime minister in advance of the meeting of political leaders in Northern Ireland.

Cameron has pledged to use Britain’s G8 presidency to tackle aggressive tax avoidance by multinationals, but is also keen to heed the counsel of his business advisory group, which he met with on Monday.

Also present was Google’s chairman, Eric Schmidt, despite the internet search firm coming under fierce attack from MPs last week because of its tax arrangements. The president of the Confederation of British Industry, Sir Roger Carr, who was at the meeting, was among those who have taken issue with Cameron’s attacks on the ethics of big business tax engineering.

During a speech earlier in the day at a London event organised by Oxford University’s Said Business School, Carr said: “It is only in recent times that tax has become an issue on the public agenda – Starbucks, Google, Amazon – businesses that the general public know and believe they understand; businesses with a brand that become a perfect political football, the facts difficult to digest; public passions easy to inflame.

These parasitic vermin want to avoid the moral debate because it cannot be considered morally right that a minority of people within the world reap the majority of the profit and avoid paying any contribution to society. They do this by buying off the politicians or ‘lobbying’ and get the rules enforced that they want. Money regretfully motivates and they are parasites on society not bringers of wealth deserving our respect.

The debate that they want to have is on profits, not on morality, but talking about profit is just a way of muddying the waters and is a diversion from the point in hand. Removing all corporate tax, import and export taxes, all laws, removing governments and letting corporations own people would be good for profit and that is what they are aiming for! The question is this, is profit the ultimate measure of what is “good” and therefore right for all society? Now that is the moral question and a question they cannot answer without naming their agenda.

Where is the dividing line between profit which benefits society and profit which harms it? My opinion is hoarding profit in tax havens, destroying local and national businesses through artificially cheap prices and lying through their back teeth is already well over that line.