Tuesday, 26 April 2016

Tax Transparency


 
Add a large chunk of the Queen’s 90th birthday, a generous helping of a state visit from Obama, add a couple of tablespoons of random statements on whether we should remain in the EU, a pinch of the Donald Trump and a splash of will Leicester City win the Premier League……mix well and bake for a few days. And what do you get……the whole tax avoidance scandal swept nicely under the carpet for all at Government. Well, for the time being anyway.
 
Having had time to reflect on the tax avoidance mess, a few things keep cropping up that really don’t sit comfortably with me.
 
Firstly, the public display of “I’ve got nothing to hide Gov’na” that has seen a number of senior members of Government disclose their tax returns. Hang on……should they not be available to the public anyway? MP’s are meant to be fair and transparent after all. And whilst we are at it, the financial affairs and tax returns of immediate family should be disclosed also. If MP’s don’t like it, then they don’t have to stand for election. It should be a privilege to be an MP and that may have to come with increased sacrifices. So be it.
 
Secondly, it is very difficult to understand how and why MP’s vote in a certain way. Their vote should represent the opinion of their constituents……but all too often they vote differently without having to go on record as to the rationale for it. Having MP’s financial affairs in the public domain at least allows us to eliminate a financial conflict of interest!
 
There are currently 650 MP’s that vote for the greater good of the UK. Yet we just don’t know how their voting preferences affect their personal circumstances or that of their family.
 
Surely it’s time to up our game on transparency.

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