IN a bizarre change of British tax law, the offshore millions of multinational corporate tax avoiders are to be taxed at less than half the rate paid by those little people who earn £7,500 a year. Treasury minister David Gauke set out his vision of low-tax corporate Britain last week.The ex-City lawyer was addressing appreciative suits at tax avoidance advisers Deloitte. First he boasted of already having cut company tax rates to “the lowest rate of any major western country”. Then he revealed there would be yet more reliefs and concessions.
