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    Universal Benefits(UB), the new buzz-term for one answer to our Nation's prayers.

    Accenture(UK) Ltd. Which employs the firm's British staff, is paid many millions of pounds to help with the IT on this UB project.
    Of the £2bn 'earnings' annually (much of from the British taxpayer) the company does not hold on to much of the money. By the time it has paid out it's expenses and unspecified "cost of sales", out of £1.67bn it is left with a sum that 'attracts' only about £3m in tax, less even.
    All of this is possible because of a 'neat' tax avoidance scheme set up a couple of years ago, in which the Accenture Group transferred it's "intellectual property" from Switzerland to an Irish subsidiary - moved tax-free by dog-legging it through Luxembourg. In Ireland the company gets long term tax relief for the £7bn costs of buying the intellectual property.

    What I am saying, Howard, is that fiddling with tax rules is unlikely to drive such companies, who rely largely on public money, to give a hoot about the lesser beings that pay them.

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