The financialisation of child and elderly care: the Tax Justice Network December 2019 podcast

This month we ask – what’s going on with our pre-school childcare and elderly care home services? We take a long hard look at the financialisation of our services and what we can do about it.

Plus: the Conservative party in the UK has won a major victory in the general elections. With major challenges for tax justice, what are the next steps for trade deal negotiations? Will Britain now become a fully fledged Singapore-on-Thames?

It’s not good for essentially public infrastructure…to have public infrastructure at the whims of companies that we can’t even contact is extremely precarious and unsustainable… that’s why there’s a strong case to be made for politicians and people of all political persuasions to be interested in the sustainability of this industry. Because it needs to be fair and it needs to be sustainable because of the people involved, the people who will be affected.”

~ Vivek Kotecha, Centre for Health and the Public Interest, author of Plugging the leaks in the UK care home industry – Strategies for resolving the financial crisis in the residential and nursing home sector

The European Union is a colossal export for the City of London and one which the large banks and the major law firms do not want to be locked out from… all sorts of pundits have been flagging up growth opportunities in far East Asia, but with Hong Kong and Singapore already well established as offshore financial centres and the Chinese are now talking about expanding offshore financial services through Macau, the growth opportunities in Southeast Asia are unlikely to compensate in any way for the market share losses which arise from a hard Brexit from Europe.”

~ John Christensen, Tax Justice Network

Featuring:

• Vivek Kotecha, Centre for Health and the Public Interest
• Liz Pemberton, early years consultant and nursery manager for Edgbaston Park day nursery in Birmingham, UK
• Immy Kaur, co-founder of Civic Square in Birmingham, UK, a network for innovative social initiatives including #radicalchildcare
• Elderly residents at a care home in the Midlands, UK
• John Christensen, Tax Justice Network
• Produced and presented by Naomi Fowler

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Further reading:

• Plugging the leaks in the UK care home industry – Strategies for resolving the financial crisis in the residential and nursing home sector: Report from the Centre for Health and the Public Interest by Vivek Kotecha
• Corporate Tax Avoidance in the First Year of the Trump Tax Law, Institute on Taxation and Economic Policy
• Google to pay $481.5m in major win for Australian Tax Office, available here