To us, it's an obscure shift of tax law. To the City, it's the heist of the century | George Monbiot

George Monbiot guardian.co.uk, Monday 7 February 2011 22.01 GMT

'I would love to see tax reductions," David Cameron told the Sunday Telegraph at the weekend, "but when you're borrowing 11% of your GDP, it's not possible to make significant net tax cuts. It just isn't." Oh no? Then how come he's planning the biggest and crudest corporate tax cut in living memory?

If you've heard nothing of it, you're in good company. The obscure adjustments the government is planning to the tax acts of 1988 and 2009 have been missed by almost everyone

View the Original article