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Osborne advised using financial loopholes to avoid tax and care costs

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Osborne advised using financial loopholes to avoid tax and care costs Empty Osborne advised using financial loopholes to avoid tax and care costs

Post by Irn Bru Wed Feb 18, 2015 12:36 am

Labour accuses chancellor of ‘political evasion’ as 2003 video surfaces of then backbencher advising TV viewers to use ‘clever financial products’ to avoid tax

George Osborne once advised people to use “clever financial products” that could have helped them reduce care costs and inheritance tax, a video from 2003 shows.

The re-emergence of the footage will be embarrassing for the chancellor as it comes amid controversy about the government’s lack of prosecutions of tax evaders who had accounts at HSBC in Switzerland.

Downing Street has also been criticised over the subsequent appointment of the former HSBC boss Stephen Green as a trade minister and the lack of investigation into the bank’s activities.

As Labour accused Osborne of avoiding answering questions about the scandal, the video of him as a backbench MP more than a decade ago was dug out by the Huffington Post.

“The one piece of advice I would give to Bill [a viewer] is that there are some pretty clever financial products that enable you in effect to pass on your home, or the value of your home, to your son or daughter and then get personal care paid for by the state,” Osborne said.

http://www.theguardian.com/politics/2015/feb/16/osborne-advised-using-financial-loopholes-to-avoid-tax-and-care-costs

But to be fair the Tories come storming back with news about Ed Balls expenses for cleaning windows.

Laughing
Irn Bru
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Post by Guest Wed Feb 18, 2015 12:37 am

Was that before or after he became a cocaine addict lol

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Post by Irn Bru Wed Feb 18, 2015 12:44 am

risingsun wrote:Was that before or after he became a cocaine addict lol

Well looking at recent recordings of the state he was in just recently in the HoC who knows?
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Post by Guest Wed Feb 18, 2015 1:01 am

I think his advice was more along the lines of how not to pay your taxes.

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Post by Guest Wed Feb 18, 2015 1:04 am

Or of course it might well have been how to keep hold of enough money to fund your cocaine habit






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Post by Irn Bru Wed Feb 18, 2015 1:13 am

risingsun wrote:Or of course it might well have been how to keep hold of enough money to fund your cocaine habit






Good old Dennis Laughing
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Post by Guest Wed Feb 18, 2015 1:17 am

Was asked at the last LP meeting to name my political hero, didn't have to think twice - Dennis. I know of many others who have done great things, from Ghandi to Martin Luther King and Mandela, but Dennis has stayed true to the people he represents and in his clever and quiet way has kept jabbing and jabbing. Shame he can't do on for ever.

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Post by Guest Wed Feb 18, 2015 1:24 am

Nope, he doesn't think he is hard, he knows he is clever and he knows how to use it.

Anyway, on that note, goodnight all.

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