Ritchie’s interesting claim

And that’s a process tax avoidance,and a tax system that quite absurdly encourages this particular form of accumulation of private wealth, has helped create. Let’s not pretend otherwise.

And, yes I have been funded by foundations. But not privately controlled ones.

JRF is publicly controlled is it?

14 thoughts on “Ritchie’s interesting claim”

  1. And, yes I have been funded by foundations. But not privately controlled ones.

    And, yes I have been funded by foundations. But not ones whose name begins with ‘z’.

  2. Down with the accumulation of private wealth

    = “I’ve had to downsize and my new house has fallen in value.”

  3. Well, he’s recently been appointed Director of Cambridge Econometrics Limited, a company 51% owned by the Cambridge Econometrics Trust for the Promotion of New Thinking in Economics.

    This Trust was founded by Terry Barker, who owns most of the other 49% of the company shares.

    The company is a trading company but gives much of its profits to the Trust – c£80k since 2011. If the profits have been covenanted up then no corporation tax is payable.

    This would enable the Trust to carry on doing whatever Terry wants, subsidised by the taxpayer.

  4. Tsk, he means foundations controlled by bad people. A “bad person” is anyone running a foundation he either disagrees with or which won’t give him any money.

  5. Didn’t he argue that details of one of his grants had to be kept secret because of the privacy of the trustees, or the person who set the trust up, or something to that effect?

  6. Ritchie is lying. He gets cash from the Kenneth Miller trust, which is not listed on the Charity Commission website, so it is either private, offshore, or both.

  7. Philip Scott Thomas

    The company is a trading company but gives much of its profits to the Trust – c£80k since 2011. If the profits have been covenanted up then no corporation tax is payable.

    Wasn’t there a wee stooshie a few months back about Oxfam doing something similar with their shops? I think I remember Ritchie saying he didn’t have a problem with it. Perhaps we now know why.

  8. I used to write to foundations as part of my job. Cannot think of any that were not private ones.
    Government gives grants of course – but that is not by private foundation.

    J Paul Getty Jr charitable trust has shut by now, there’s a nice trust in Scotland that was set up by a Mrs Murray – she made a few bob writing children’s novels of which there have been some films. Several banks have charitable trusts, of course they are private trusts they just get their funding from particular source. Sainsbury family runs several trusts, with different focus from each one. Joseph Rowntree of course, must not forget them – they probably do more research funding than most.

  9. How do you apply for a research grant then?

    An institute working full time on plans to destroy socialism would be a boon to mankind and worth funding.

    Socialism has killed as many as the great diseases, except leftism took only one century where it has taken disease many centuries to rack up an impressive score. Putting an end to this state of affairs is more worthwhile than what most real charities do never mind the fake ones subsidised with taxpayers money to promote leftist evil.

  10. @Sam Jones – Well, a trust doesn’t have to be a charity of course but it doesn’t excuse Murphy’s blatant hypocrisy.

    He’s complaining about tax avoidance being part of philanthropy yet is quite happy to become a director of a company that is funded by a tax avoidance set up. Nothing illegal (of course) but we’re talking about a charity that is dedicated to advancing education for the “benefit of the public” with regard to the principles that…..”economic behaviour is influenced by aesthetic and ethical values as well as economic values…”.

    It’s some blokes private hobby horse, subsidised by the taxpayer and Murphy is happy to get involved. Wonder if he will get paid? I mean. WTF.

  11. And get this typical Murphybollocks

    “And, yes I have been funded by foundations. But not privately controlled ones.”

    To which someone points a link to:

    “I have also been offered a grant of £25,000 a year from a private trust”

    Which he defends by saying

    “I said so in the post

    And provided a clarification”

    I mean. WTF. How does he survive with credibility such that the wanknobs running the Guardian and BBC still use him?

    I have not received money from private trusts = I have received money from private trusts.

  12. To apply for a research grant you find somewhere willing to fund that kind of work and apply for a grant. Usually with a form and you state your title, methodology, expected result etc.
    Have used trust funded research papers when applying for particular funds, they can be useful. Whether they are accurate, really you need to be in that trade to figure out…
    They can be written in such a way that you cannot question them unless you have better alternate figures or know the results were not as printed.

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