HMRC publish a list of tax evaders but neglect to mention any large corporations
The hotelier and real estate heiress Leona Helmsley stated: “Taxes are only for the little people” before being convicted of income tax evasion in 1989.
Leona Helmsley (1920 – 2007)HMRC’s list of deliberate tax defaulters published on 21st February 2013
Yesterday, Her Majesty’s Revenue and Customs published a list of names and addresses of nine individuals and companies who they describe as tax defaulters. Amongst the names on the list are a grocer, a hairdresser and a coach operator and the amounts owed range from £29,111 to £447,904.
In response, Richard Murphy of Tax Research called the list of names: “Plain, straightforward hypocrisy”. He went on to state:
“The people named are easy targets. There are clearly different categories of tax crime, with small businesses who put cash in HMRC’s pockets named and shamed; but banks, wealthy lawyers and global corporations offered anonymity. It seems that only little people pay tax and only little people are named and shamed”.
Mr Murphy is quite right. Whilst these people may owe the taxman money, their activities are not in the league of the tax avoidance strategies of Starbucks, Google and Amazon.
If HMRC don’t want to be placed in the same category as Leona Helmsley, they’d do well to change their ways. Instead they’d do better to focus on the true “aggressors” that David Cameron highlighted this week but sadly, that would probably just be too logical a strategy for this monolithic organisation to follow.
The Steeple Times asks classical singer Natalie Coyle: “What’s on your mantelpiece?”
The Steeple Times shares “wit and wisdom”. What’s your guiding force?
Passion. I’m driven and motivated by many things – the desire to succeed; live, love and laugh. I think it’s important to be passionate about everything you do.
“Don’t get even, get medieval” is, in our humble opinion, a great motto. What’s yours?
At school, my favourite book was The Handmaid’s Tale by Margaret Atwood. A phrase from that has always stuck with me – Nolite Te Bastardes Carborundorum (“Don’t Let the Bastards Get You Down”). This always motivates me to persevere and push through any negativity – so often encountered in the music industry.
Kerry Katona was considered unacceptable in 2007. Who or what is unacceptable in 2013?
People who have achieved a ‘celebrity’ status without any discernable talent.
Tony Blair misses being Prime Minister. What do you miss most in your life?
My fun filled university days at Sheffield, living with my closest girlfriends.
What might you swap all your wealth for?
I’ll let you know when I’m in a position to answer that! 😉
Donald Trump was once a case of: “If you owe the bank a thousand, they close you down; but if you owe the bank a billion, you own the bank”. What’s your view on the banking crisis?
It sucks. And I don’t “own the bank”.
What word of phrase do you most loathe?
I’m always running late & I hate being told to “hurry up”.
In the UK, some people consider charity to “begin at home”. What’s your view and what causes do you personally support?
I believe it’s important to work with charities where you can contribute and make a personal difference. I have performed for The Prince’s Trust charity on numerous occasions and regularly perform to the patients at Guy’s and St Thomas’ Hospital.
The judge in Law Abiding Citizen states: “I can pretty much do whatever I want” before being blown up whilst answering her mobile phone. What’s your view on the appropriate use of such devices?
I’m an iPhone addict – happy & proud to admit it. I also don’t drive so that’s not so much of a problem.
Classical singer Natalie Coyle
If you could fill a carriage on The Orient Express, who would be your fellow passengers?
Friends, family… and Frank (Sinatra, that is).
If you were unfortunate enough to end up on death row, what would be your last meal and where would you eat it?
Steak and chips. Maybe a Daim bar for dessert.
What time is it acceptable to consume the first drink of the day?
I didn’t know there was an unacceptable time.
A Negroni, a martini or a cup of tea?
I’d love to say a vodka martini. But in reality, as a singer, it’s more likely to be tea.
Whose parties do you enjoy the most and why?
My boyfriend, Zafar Rushdie, runs a PR company (Rushdie Media) and they throw a lot of really fun parties for some great brands. There’s always a really fun mixture of people… and they work with great caterers.
Who is the most positive person you know?
Zafar is irritatingly optimistic at times – although he labels it ‘optimistic realism’. My mother is also a very positive influence on me (if that counts).
What’s your most guilty pleasure?
The Mail Online website and eating M&M’s in bed.
If a tattoo were to sum you up, what would it be of?
I’m not really a fan of tattoos.
If you were a car, what marque would you be?
A “Dolly car” (Citroën 2CV). Some of my earliest memories were in one of these driving to school with my mum.
Cilla Black presented Surprise, Surprise. Tell us the most surprising thing about you.
People are always surprised to hear I’m a classical singer.
What’s currently sitting on your mantelpiece?
My TV.
Natalie is a classically trained soprano who has sung with the likes of Susan Boyle, Il Divo, Blake, Andrea Bocelli and Katherine Jenkins.
The sale of the home of a circus heir and the revival of Billy Smart’s Circus
Billy Smart, Sr. (1894 – 1966), a travelling showman and father of 10 children (he was himself one of 23), bought a circus in 1946 and quickly became known as an extraordinary entertainer. One of his son’s, Billy Smart, Jr. (1934 – 2005), made his debut at the age of 12 as an assistant ringmaster in Billy Smart’s New World Circus and performed with ponies, horses and eventually elephants. (more…)
Victoria Aitken launches a single for Valentine’s Day
This Valentine’s Day, the electro-house chart topping singer-songwriter Victoria Aitken, daughter of the former Conservative minister Jonathan Aitken, has released her latest single, Kiss Me.
The cover for Victoria Aitken’s “Kiss Me” single
Of what inspired her to write it, Aitken comments:
“Sometimes we are left ‘un-kissed’ and it can just be so depressing! I was inspired by my time with an Italian man, chatting and flirting over cocktails night after night. I then became annoyed, wondering when he was going to make his move. I believe many women and men feel like this: there is a certain vibe and then nothing”.
Produced by Marc JB, who has remixed seventy #1 UK dance chart hits for artists such as Lady Gaga and Rihanna, the single features a cover by the up-and-coming British visual artist Zoobs. In it, Aitken wears a headpiece and eye veil by Jane Taylor, a milliner who has created headwear for amongst others Paloma Faith and The Duchess of Cornwall.
The French romantic writer Victor Hugo once stated: “A compliment is like a kiss through a veil” and Victoria Aitken in Kiss Me certainly explores this further.
To listen to Kiss Me, go to: http://www.youtube.com/watch?v=T3P2AW6S5UI
Gina Miller investigates the links between Saint Valentine and transparency in investing
According to the wise font of all knowledge, which can be extremely accurate or extremely inaccurate, Wikipedia, Saint Valentine (in Latin, Valentinus) is a widely recognised third century Roman saint commemorated on February 14th and associated since the High Middle Ages with a tradition of courtly love. Nothing is reliably known of Saint Valentine except his name and the fact that he died on February 14th.
Love and money will forever be interlinked
But many of the current legends that characterise Saint Valentine were invented in the fourteenth century in England, notably by Geoffrey Chaucer and his circle, when the feast day of February 14th first became associated with romantic love.
Whatever the truth is, most people today associate Valentine’s Day with romance. When one thinks of romance it is normally in the old fashioned Mills and Boon books or the more modern 50 Shades of Grey with some dashing man seducing his future conquest but once the charming good looks are pierced, below the surface they are often found to be pretty shallow and unedifying and after a while, maybe the real cardinal sin, boring. I say this as someone who once dated a famous model who was known across the UK for taking his jeans off in the laundrette revealing a great body but sadly not a lot of substance beneath.
Where is the connection with the world I work in, investments? Well a surprising amount when you consider it. The world of investment relies on seduction but the seduction is used for all the wrong reasons and normally with all the wrong results. There is a fine line between seduction and deception. Every day countless savings and investment managers cross this line.
When you meet your wonderfully charming or slick fund manager they try to seduce you with flowery words and jargon with no meaning or deliberately assembled to impress you with its complexity; but designed to prevent you from understanding how your money is really invested or how much your money is really costing. The smoke and mirrors are crafted to beguile and reassure that by being so complex, they must be amazing to do what they do and charge what they charge. Of course more often than not investing does not really need to be so complex or expensive to get sold returns.
If you think of most great inventors or inventions they are often based on a simple design or a simple concept. In investment the living Saint of investment is widely held to be Saint Buffet of Omaha, Nebraska. He has an annual convention where thousands flock to his temple to hear and learn from every word he says since he has probably the longest and best known and maybe most successful track records of anyone. He does not make things complicated or flowery he talks of common sense and old fashioned virtues that have stood the test of time and which people can understand. He simply tries to buy companies which he trusts, thinks are great franchises that can stand the test of time; and which for whatever reason are available at the right price. He does not hide from his investors how he invests, what he invests in or his charges for the services he provides. He works alongside his clients because he is managing his own money in the same way.
When you meet your fund manager or wealth adviser or whatever other name they call themselves, don’t be seduced by the initial lavish language or entertaining or lavish date because normally this does not last and it is you who ultimately is paying for it anyway. Often the more lavish the entertaining, the more likely that they are ‘after’ something and that something is to erode more of your returns in fees.
In economics there is a term called giffen goods. These are goods by which the more that is charged the more that it is demanded, these are luxury goods. If your XXX handbag was available for £10 rather than £1,000 it would quickly lose its panache or lustre. Investment managers try and make their services desirable through charging more in the knowledge that most clients wrongly think: “If I pay more I must be getting a better product or a better performance”. However the research shows the precise opposite and that if you pay more, it simply means more money has been deducted from your savings and in turn they are then worth less.
Gina Miller is spearheading the True & Fair Campaign with her husband, AlanThe True and Fair Campaign’s poster is part of their call to action
We have been working extremely hard via a True and Fair Campaign to force by law, the investment industry to stop this deception and reveal to customers exactly how much, in total, investments are really costing and how they are really invested. The scale of this deception is truly shocking.
Maybe, just like a good relationship, there needs to be substance and openness and trust or the relationship is not a real relationship but just an empty dalliance, fun at the time but not particularly rewarding thereafter. I implore you to trust your instincts, keep to your principles and do not be seduced by the flannel. Instead, do plan today for your tomorrows and the life you dream of as you grow older and go off into the sunset of retirement.
A former supporter of Julian Assange denounces his behavior
Jemima Khan has shown great courage in turning on Julian Assange. In a feature in the New Statesman, she described him as being “more like an Australian L. Ron Hubbard” than the crusader he has portrayed himself. Suggesting Assange thinks himself like a real life Jason Bourne, she commented:
“It may well be that the serious allegations of sexual assault and rape are not substantiated in court, but I have come to the conclusion that these are all matters for Swedish due process and that Assange is undermining both himself and his own transparency agenda – as well as doing the US department of justice a favour – by making his refusal to answer questions in Sweden into a human rights issue.”
Jemima Khan
‘There have been three rounds in the UK courts and the UK courts have upheld the European Arrest Warrant in his name three times.”
“The women in question have human rights, too, and need resolution. Assange’s noble cause and his wish to avoid a US court does not trump their right to be heard in a Swedish court.”
“I don’t regret putting up bail money for Assange but I did it so that he would be released while awaiting trial, not so that he could avoid answering to the allegations.”
In a firm but fair article, Khan stated: “I remain convinced that if Assange is prosecuted for espionage the future of investigative journalism everywhere would be in jeopardy” but added “[Julian Assange] has been guilty of the same obfuscation and misinformation as those it sought to expose, while its supporters are expected to follow, unquestioningly, in blinkered, cultish devotion.”
Jemima Khan talks sense. Some of what Assange did was in the public interest but his behaviour now is ridiculous and his attitude to justice perverse. Julian Assange should walk out into Hans Crescent and hand himself in.
Five of the best places to escape to with family and friends in 2013
Farmhouse, Blackberry Farm, Walland, Tennessee, USA
Crafted of materials from an 1800s Pennsylvania bank barn, this classic American farmhouse forms part of the exclusive Blackberry Farm, one of America’s most celebrated luxury culinary escapes. Set in 4,200-acres, this stylish property includes 3 bedrooms and is perfect for families and small groups. An on-site chef service is available and rates start at $4,800 per night.
Branche d’Olive, Aveyron, midi-Pyrenees, France
Owned by a well-known English journalist, this large stone gîte in the South-West of France comfortably sleeps a family of four and is just 20-minutes from Villefranche. It has an outdoor pool, a private terrace and even an ancient stone pizza oven. Prices start at £425 per week.
Mill Cottage, near Taunton, Somerset, England
Spacious Mill Cottage on Sir Benjamin Slade’s Maunsel House estate in Somerset sleeps up to 10 people. Prices start at £675 per night and for those looking for a location for a wedding or somewhere for a corporate event, the welcoming and efficient team here can cater for your every whim.
The Old Kirk, Kilninver, near Oban, Scotland
With views across the waters where Enigma and Ring of Bright Water were filmed, The Old Kirk in Argyll provides accommodation for 6 to 8 people. Fishing is available on the owner’s 3,000-acre estate on 3 lochs and the River Euchar. Prices start at £495 per week.
The Samling, Windermere, Cumbria, England
The Samling can be rented in its entirety from £4,500 per night. Set in 67 acres, this 11-bedroom property has been used by Tom Cruise, Nicole Kidman, Stella McCartney and David and Victoria Beckham amongst others. It is the perfect base from which to explore the Lake District and the views across Lake Windermere are stunning.
This genius of British design was told by leading bicycle manufacturer Raleigh that his lightweight, small-wheeled bicycle wouldn’t sell in the early 1960s. He proved them utterly wrong and his work with Sir Alexander Issigonis on the Austin Mini created a car that will be remembered forever. This unmarried and utterly eccentric engineer was also told by the Duke of Edinburgh “that he might end up under a glass case himself” and went as far as to swap his Rolls-Royce for a chauffeur driven Mini to beat ever escalating fuel costs.
Fashion writer Jacinta de Vere looks into the perils of wearing leggings, jeggings and meggings
What is up with women who assume leggings paired with a short top or crop jacket is a good idea for a night out or a trip to the supermarket? Leggings are not trousers, ladies. Leggings are actually the least flattering item in anyone’s wardrobe.
Unfortunately, most women do not realise that most leggings are made with very thin fabric. I was in the middle of Marks & Spencer buying my grapefruit when one woman dropped her apple. She bent over in front of me and I almost puked. I saw the personal bits that her gynaecologist and waxer normally see. It was not a pretty sight.
Similarly, I was at my local watering hole and had a table next to the dance floor. Some chick in her heels bent over to do some asinine dance move and of course, thanks to the flashing lights and disco ball I was also privy to her modesty while her bum was in my face. Seriously, if you are going to wear leggings, wear a thong. Even better yet, do not wear leggings at all.
Maybe the only people who can get away with wearing leggings with a short top are women who have long thin legs and a great bum, which are generally accompanied by a kick-ass body. These women go to the gym almost every day and rarely eat or have amazing genetics. These items are meant for the gym or to lounge around at home. However, if you are planning your wardrobe around finding a comfortable waistband, then that is your sign to wear a longer length sweater, boyfriend blazer or tunic top that covers your bum.
To make matters worse, some moron invented jeggings. It is a fashion mutation between jeans and leggings. If you think buying these is a good idea, then run and get your head checked. With all of the options available in the trouser section of most stores, I would question anyone who seeks out a jegging. Jeans are great; they are comfortable and look good when paired with a nice top and jacket. However, I struggle to find any combination where jeggings are a hot look. Instead, what comes to mind are muffin-tops and drumsticks. Jeggings are not forgiving to anyone’s imperfections. If you put them on, be prepared to be ridiculed and have young children run away in fear.
Even Kim Kardashian, who has a rather large bum, chooses to cover it with a sweater or a jacket. She knows her body and how to accentuate her best assets. A large number of women have no idea what looks good on their body shape, have a herd mentality and just follow trends. Ladies, this old trend, if followed, must be done with caution.
Another fashion travesty that occurs with leggings is wearing them with Ugg® boots. Uggs are Uggly. I have seen women walk around town with their children in matching Uggs and leggings. It makes me want to cry as I witness society deteriorate to a leggings and Ugg wearing generation. Where has the elegance and style gone? I have strong feelings about these unattractive boots and will spend more time on them in another piece at a later date. If you are not convinced, let me throw an image at you.
I did not want to make the male readers feel left out. This article would not be complete without a proper discussion on meggings: leggings for men. Apparently, this “hot, new trend” is crossing the Atlantic thanks to Uniqlo. I seem to recall this trend originating in the UK in the 80s and then going to America. I guess payback is a bitch.
When I see pictures of men who chose to don these appalling tights, I feel like I am looking at soft porn. As mentioned above, it is not cool to see your kibbles and bits whilst you are allegedly wearing clothing.
Whether comprised of sequin, crochet or flannel, they do not belong on anyone’s body except your favourite Raggedy Ann doll. Even then, I would question your taste. Let us examine this fine specimen in the following photograph. It does not matter how “hot” he is, I would rather chew off my right arm than be seen in public with a man wearing meggings. Gents, please ask yourselves: “What would Frank Sinatra or Humphrey Bogart do?” Whatever they would do or whomever they do, I doubt they would do it in meggings.
So, if you find yourself in a boutique thinking about purchasing leggings, jeggings or meggings, please think twice before you buy. Ladies, please channel you inner Audrey Hepburn or ask yourself: “What would Grace Kelly do?” If either of them were alive, they would buy a pair of skinny jeans or cigarette pants, a crisp white shirt, a boyfriend blazer and Chanel flats. You would not see them in leggings and Uggs.
Jacinta de Vere is a lover of haute couture and all things fashionable and decadent. She is based in London.
Matthew Steeples highlights the peril of “reaching out”
“Reaching out” is a phrase that can be compared to Starbucks and their taxes.
This toxic platitude has sadly become common in both Britain and America and is generally used by people who don’t know you when they want something. Like Starbucks on the high street, it is everywhere and akin to the coffee company and their tax contributions, it contributes very little.
Reaching out – a phrase that should be consigned to Room 101
“I’m reaching out to you today…” began a recent email from Cindy McCain, the wife of a former American Presidential candidate, asking for a donation to a campaign her husband was running. Mrs McCain’s insincere email continued in the same tone and I did not feel motivated to donate. The very words “reaching out” so grated on my psyche that I was utterly turned off. I am certain many others felt just the same.
In her song, “Reach Out and Touch (Somebody’s Hand)”, Diana Ross used the euphemism correctly. Her reference to physical contact is a perfectly reasonable use of the words whereas McCain’s pompous and forlorn request was unwelcome and unwanted. As I “reached” the end of the email and read: “This is a call to action,” all the bleach blonde had achieved was to lead me towards the button marked “junk mail.”
Starbucks are now trying to put a stop to their tax avoidance. Please could Mrs McCain and others “lead by example” and do the same with their “reaching out”?
