It has emerged that Shell and BP, which produce 1.7 billion tonnes of greenhouse gases a year in total, have not been paying corporation tax on their operations in the North Sea for the last year, according to company filings
On Sunday (3 October), a leaked cache of 11.9 million financial records was published, detailing 14 companies who work to establish offshore corporations and trusts. The leak has revealed the tax-dodging of many of the world’s rich and powerful, including Tony and Cherie Blair, the Queen’s estate, and Conservative co-chair Ben Elliot.
Communist Party General Secretary Robert Griffiths yesterday (7 September 2021) called on workers to “reflect and regroup”, as the decision to tax workers to pay for social care (effectively twice as we do it already), “is the opening shot in a protracted struggle with attempts to shift the burden of paying for the breakdown of capitalism, onto workers and their communities.”
Despite his 2019 manifesto, Boris Johnson is expected to announce an increase in national insurance payments to apparently fund the social care crisis.
Frank Rowley examines the future implications of public spending cuts for the youth of today; and the general lack of optimism and hope for the future capitalism produces among the youth and working people.