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Tax Havens

(835 Posts)
whitewave Tue 05-Apr-16 08:38:06

We can't possibly let this slip by!

Tory on Radio 4 this morning arguing that we can't tackle the "treasure islands" that we have sovereignty over as it will lose people jobs!
I was astounded. So it is fine for the Steel workers to face penury but not those who help the wealthy to hide their money.

DC implicated - won't be long before GO is mentioned.

durhamjen Sun 10-Apr-16 12:50:38

McDonnell's are on the internet. Photocopied proper tax returns.
I can get mine off the internet if I want to. Surely Cameron can.
All you have to do is go to HMRC with your user ID, and there they are. They are all lots of pages long. Most of them say "not entered" because that particular line does not apply.

Agreed, Anniebach, about the clothes, but at least Corbyn can say he bought his clothes himself and was not subsidised by the taxpayer.
I think he might have annoyed a lot more people by that disclosure.

nigglynellie Sun 10-Apr-16 12:36:01

How can anyone produce detailed tax returns overnight? even Jeremy is taking a day or two to produce returns for our scrutiny! This whole conversation has overtones of some sort of mania/witch hunt! Don't over egg the pudding too much, the pendulum could swing the other way, it has been known!!!

grumppa Sun 10-Apr-16 12:02:45

For heaven's sake, my tax return is 16 pages long, with appendices for CGT. The summary I have seen on the front page of The Sunday Times seems to provide an adequate summary of DC's. Unless of course nothing any politician or accountant says can be believed, which is a tenable point of view but leaves us reliant entirely on the media. Half of us don't trust the left wing media, and half don't trust the right wing media.

Perhaps all MPs should provide summaries along these lines.

Anniebach Sun 10-Apr-16 11:36:22

Having received £56,000 for expenses such as clothes he stood in the house and mocked a MP 's suit , this sums up the man

durhamjen Sun 10-Apr-16 11:16:58

"The first and most important point to make is that the Prime Minister has not published his tax returns. He has provided a sort of dance-of-the-seven-veils version. He’s shown you quite a lot of what you might like to see – but not all of it. ‘What else is there?’, you are bound to ask. Why can he not show us his actual tax returns? If the objective really is to improve transparency – you really don’t want me to push my metaphor – he ought to have followed John McDonnell’s example and published his full tax returns.

And you’re not made more comfortable when you come to look at who has provided the information."
That's from Jolyon Maugham's article.

Anyone believe that Cameron's normal accountants are based in Brigg?

Anniebach Sun 10-Apr-16 11:10:01

So you have seen his tax returns niggly?

nigglynellie Sun 10-Apr-16 11:08:09

HMRC. Are only down on people like a ton of bricks if they act illegally, and in case you can't understand, the Cameron's haven't!

Anniebach Sun 10-Apr-16 11:05:45

There is an issue with the PM, he had off shore shares . He did not disclose these shares whilst an MP. And sold them just before the 2010 election.

He said he would release his tax returns but has only released figures from his accountants

gettingonabit Sun 10-Apr-16 11:04:47

What Cameron did may well be legal. But I think the point is (as expressed by Corbyn on Marr this morning) that, at the very least, Cameron has a moral case to answer.

Why should he get away with this when Hmrc are down on the rest of us like a ton of bricks?

durhamjen Sun 10-Apr-16 10:46:17

waitingfortax.com/2016/04/09/the-prime-ministers-tax-returns/

obieone Sun 10-Apr-16 10:31:52

If Cameron's dad is the issue, then there is no issue against DC.

durhamjen Sun 10-Apr-16 10:29:10

www.taxresearch.org.uk/Blog/2016/04/10/david-camerons-tax-disclosure-a-story-but-maybe-not-the-whole-one/

durhamjen Sun 10-Apr-16 10:26:12

It isn't, grumppa. Cameron wants you to think it is just a PR problem.
Look at all the accountants, and lawyers involved in this.
Cameron's dad was part of the sleaze.

By the way, who were the accountants that put out his tax statements? Hope it wasn't PwC or any of the others with offices in Panama and BVI.

grumppa Sun 10-Apr-16 09:49:07

I cannot see that the new revelations add anything of interest to what The Guardian reported a few years ago in the article posted by dj. The PM has taken responsibility for the PR disaster, which is what this story is really about.

If only DC had referred honourable members to the Guardian article, a lot of sanctimonious claptrap could have been avoided; but perhaps he isn't a Guardian reader.....

Anniebach Sun 10-Apr-16 09:43:47

The unions? Oh well, let's add the windsors

obieone Sun 10-Apr-16 09:42:50

To me it looks like David Cameron is in trouble now. It is too complicated for me to grasp, but if he has done it wrong, he should get coming to him whatever he needs to. Ditto every other politician.
Will it happen to all other politicians too I wonder?
They may rally round as they dont want it happening to them.

Hopefully it should all make for them thinking a lot more about tax havens and implications.

It could be a watershed moment.

Anniebach Sun 10-Apr-16 09:41:28

What are you giving up niggly?

Eloethan Sun 10-Apr-16 09:41:24

Of course people are "going on about it". It's absolutely scandalous that the very wealthiest and most powerful people in the world have created, and are making full use of, a system which exempts them from the normal rules followed by the vast majority of people. I agree that if we focus too much on a few individuals there is a danger that, when they have, metaphorically speaking, had their stint in the stocks, everything will go back to how it was before.

However, I understand why David Cameron is getting a lot of flak for this. He has in the past put on his stern and indignant face and made lots of noise about "immoral" and "unethical" practices. It is hardly surprising that, when such practices (from which he will inevitably have benefited) are revealed to have been the basis for his own father's business dealings, then many people will feel outraged.

What have trade unions got to do with anything? They are not responsible for creating tax havens or any of the other financial instruments that allow the very wealthy to avoid tax.

whitewave Sun 10-Apr-16 09:40:18

Interestingly Cameron has only been getting it in the neck for one week and already people are suggesting that it is too much, well, go back and look at what has been said about Milliband and Corbyn - over the past year and beyond - one week!? Cameron doesn't know he is born.

whitewave Sun 10-Apr-16 09:37:32

See all the Tory press are giving Cameron some stick this morning, well we know what their agenda is although some always deny that they have any agenda

nigglynellie Sun 10-Apr-16 09:29:38

I give up !

Anniebach Sun 10-Apr-16 08:59:22

Cameron said - I will release my tax returns

Cameron releases what his accountants claim was on his tax returns

So, Cameron has not released his tax returns

nigglynellie Sun 10-Apr-16 08:55:59

Thanks roses. Actually from what I understand Mrs Cameron is a very nice woman and very well thought of, so perhaps I am inadvertently being paid a compliment!!!
You're right too about tax returns! Do you think trade unions will have to divulge where their funds are lodged?! or will they be immune from this witch hunt?! Before I get jumped on for such audacity, I was only asking, not pre judging!!!!

rosesarered Sun 10-Apr-16 08:44:52

Don't worry niggly when someone says 'are you his/ her Mother' it means they have run out of sensible grown up things to say.
Nobody in this country has to publish their tax returns, it's between ourselves and the taxman.

Anniebach Sun 10-Apr-16 08:34:36

The tax returns Cameron has released are not his tax returns, just info drawn up by his accountants listing what is allegedly on his tax returns.