Yes he knows what is claimed
And he knows it is wrong
It is myth that works on the blackborad (sic) and not in practice
In truth it’s promulgated simply to make the wealthiest wealthier
But I guess that is your aim
That TUC Tax Report
10:28amThe TUC has released a report on how much the public coffers lose as a result of tax avoidance: that is, the entirely legal practice of organising your affairs so as to minimise your tax bill. It'll cause all the usual screaming (Polly mentions it today for example) but I would advise paying it no mind.
It's been written by Richard Murphy. A man so monumentally ignorant of the economics of taxation that he denies the existence of tax incidence, a subject so obvious, banal even, that the Wikipedia entry is actually accurate. As regards corporation tax it's pretty simple: companies do not in fact pay the tax levied on their profits. Sure, they hand the cheque over but the actual incidence of the tax is one or more of workers in the form of lower wages, customers in higher prices or investors in lower returns.
When I pointed this out to him on my own blog recently he left this comment:
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