Tax haven benefits; Your say.
I have also read the British Government were negotiating with the Isle of Man over the share out of tax revenues on VAT.
Does this mean the tax privileges of the offshore British Isles tax havens of Isle of Man and the Channel Islands are in some way renegotiable? Why do we have these tax havens? Should we have more tax havens to encourage development in some of our more depressed areas of the UK? Should Shetland, Orkney, the Hebrides, Anglesey, the Isle of Wight, the Scilly Isles, Lindisfarne, Coquet Island and the Island of Hart by the Pool (aka the Headland at Hartlepool) enjoy tax concessions too? Hong Kong was always said to be a big help to the economy of mainland China.
The existence of Gibraltar is supposed to help the economy of the area of Spain that surrounds it.
Nice in France benefits from Monaco.
If tax concessions are supposed to be such a help to the economy then why don't we have them in more areas and allow all our island communities to benefit? If not, then why don't we abolish them for the Isle of Man and the Channel Islands and gather in tax revenues from these places, the rest of us pay in mainland Britain? We must make serious attempts to tackle long term unemployment in Wales, Scotland, the North of England and the South West of England.
Is this the way you want to do it Mr Osborne? NIGEL BODDY, Darlington