The Missing Billions: UK Uncut and the alternative to slashing services
On the afternoon of June 13, a High Court judge ruled that UK Uncut Legal Action could continue with legal proceedings against the tax office – HMRC – over the dodgy tax deal struck with Goldman Sachs in 2010 that saw up to £20m wiped off the banking giant's tax bill.
UK Uncut Legal Action is trying to get that decision overturned and the money returned to the taxpayer. A full hearing is expected to take place at the end of the year.
These court proceedings form the centre of a new free documentary on the cuts, called The Missing Billions. Over 24 minutes, the film follows three campaigners fighting cuts to disability welfare, libraries and a secondary school.
It humanises the cuts away from statistics and financial figures to real decisions that have real impacts on real people.
The film is designed to illustrate the argument that UK Uncut have been making since 2010; that there is an alternative. The second half of the film moves away from the cuts to provide a short introduction to global tax avoidance, and then to look specifically at what is happening within HMRC regarding tax deals with big companies.
In December 2011, HMRC’s tax deals finally hit the front pages of newspapers across the country, following a six month parliamentary inquiry by the Public Account Committee. It was here that the infamous Vodafone tax deal was finally confirmed and it was here that we found out for the first time about the Goldman Sachs tax deal.
We don’t know how much we are losing. None of these tax deals are transparent. As is show in the film, it is clear that HMRC are rather close to big business.
Watch the film, show it to your friends and if you can, support the legal action against HMRC, because this really is a golden oportunity to shape policy towards corporate tax affairs and to claw back £20million avoided by a huge investment bank.
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