We know what the inflationary impact of the UK sugar tax is. It is a massive £1 billion of additional national debt interest. We know this because the Guardian newspaper let this slip in one of their sub-headings a few weeks after the sugar tax was announced. People against Sugar Tax wrote to the Office for Budget Responsibility, and they confirmed this was the case. We were genuinely shocked at this astronomical figure.
So there we have it. Some men are more equal than others - in exposure to tax liability, at least. The Panama Papers have revealed just how deviously and unethically many wealthy individuals protect their assets, reduce their exposure to tax, and pay as little into or back to their communities as they can get away with.
The Panama Papers have rocked the world. Yet while the head offices of the law firm at the heart of the leak are far away in tropical Panama - some of the solutions to this scandal lie closer to home... Next month the UK will host a special tax and anti-corruption summit in London. Here are five things the Prime Minister could do to clean up UK tax havens.
The sins of Cameron's dad are not his fault. True, but the Government are no strangers to damning the children of people who they think aren't doing their bit for society. Barnardo's, the Child Poverty Action Group and many others have all said that the Conservative Welfare and Work Bill will make poor children poorer. Policies such as only paying tax credits to the first two children in a family directly penalise children for the decisions of their parents. So In Tory Britain poor kids are paying the price for the actions of their parents but David Cameron doesn't have to?
While the world tolerates tax havens, they are frequently the lowest cost way of conducting business and so they continue to grow. They have reached the point where any tax or fund adviser in London who did not recommend them to their wealthy clients would soon be out of business as the competition would have a better product.
Public register is perhaps too much to ask, but the pressure should be on the introduction of the global private register accessible for the international law enforcement authorities, if we really want to fight corruption. Those countries and territories that refuse to implement the register should face sanctions.
Britain's refusal to shut its tax havens also makes possible tax avoidance by global corporations and global leaders. This is a stitch up. Meaningful reform of the tax system in the interest of the public is being prevented due to the interests of the world's rich and powerful, who are making a killing. Those literally being killed from this cosy deal are the world's poor. An estimated 1,000 children die each day across the developing world because illicit and untaxed income is spirited away from developed countries into tax havens.
It's a weird priority. Does Osborne seriously believe that in thirty years' time he could have had George Jr. Jr. bouncing on his knee, asking him "Why didn't you take action Grandpa? The science was clear for decades. The warning signs were there. Why didn't you do something about fizzy drinks?" Our Chancellor told us that this was a Budget for the next generation. If he meant it, he'd tax carbon, not carbonated drinks.