Crackdown on small firms, a blind eye for big business


Editor’s Note: We now have two sets of rules going forward for neofascist societies in a New World Order. Firms like Goldman Sachs will continue to be given a waver because of the influence they wield over the economy and members of Congress and Parliaments world wide. In 2012, as government budgets swell and bureaucratic costs continue to eat away at the public purse, the establishment will use this crisis to target the small firm and business person in order to recoup their ever illusive bottom line. In addition to targeting the little man, look to authorities to further clamp down on cash transactions and cash wages. In this way, the ruling classes hope to re-order the economy into a cashless plutocracy, where only a handful of large corporations may survive without paying significant taxes and being allowed to count their balance sheet liabilities as assets. 


OLIVER WRIGHT
The Independent
January 3, 2012

The tax office faced accusations of double standards last night over plans to target thousands of small businesses with spot checks on their paperwork – despite letting big companies such as Goldman Sachs off millions of pounds in tax. Officials from HM Revenue and
Customs with powers to fine small businesses intend to inspect up to 20,000 firms to see if they have adequate proof of expenses and
income dating back years in a new drive set to begin in April.

The move was condemned by Conservative backbenchers and business groups who warned it risked bankrupting some businesses and harming the already depressed economy.

They said it went against a pledge by ministers to cut red tape for companies during the recession and added the arbitrary nature of the unannounced checks amounted to “harassment”. “Despite the worsening economy, HMRC is launching this scheme regardless of the consequences,” said John Walker, national chairman of the Federation of Small Businesses.

“We have spoken to HMRC and expressed our concerns about this a number of times. But as far as they and ministers are concerned it is a policy aim to make this happen.

Read full article here

 


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