Tax Havens

I agree Niggly .... I am sick and tired about the press keeping on about this - it's like a dog chewing on an old rag. Not to mention other politicians jumping on the band wagon rubbing their hands with glee at something to dig their teeth into. They must be short on other more interesting news.

Yes, often wondered that myself Niggly

I just want to shout GIVE IT A REST and stop going on and on and on and on and on and on..............

You sound like Cameron s mother nell

What in God's name is the matter with you people. Won't you ever let up. The Cameron's have done nothing illegal, and what D.C. mother chooses to gift her family or where it came from is none of your business, any more than you helping your son financially dj is mine. I can't tell you how much your comments disgust me.

I wonder how DC and his wife were allowed to just put £11,000+ in the scheme when it was arranged for those with over $100,000 to put in.

The Land Registry is an important part of us knowing who owns what land in the UK. Many houses in London are owned by offshore people and conglomerates.
Cameron is wanting to sell off the Land Registry. They were stopped before by Vince Cable, and put it out for tender when parliament broke up just before Easter.

weownit.org.uk/node/638

Weownit link it specifically to the Panama papers.

I don't think there is any comparison to be made between Tony Benn's arrangements made regarding what would happen to his estate following his death and the the setting up of a company which enabled clients to avoid paying UK tax. As others have said, Wills that are made in this country are public documents, copies of which can, for a small fee, be obtained and examined by anyone. Whilst there was knowledge of David Cameron's father's business, it is only through the leaking of the Panamanian documents that the complex nature of the business and the amount of time during which no tax was paid came to light.

The Guardian reported that David Cameron's father ran an off shore fund that avoided ever having to pay tax in Britain. This was done by hiring a "small army" of Bahamian residents.

"The fund managed tens of millions of pounds on behalf of wealthy families ... The Panama papers reveal the details of how Cameron Senior sheltered Blairmore's profits with a series of extensive and complicated arrangements" [the company was incorporated in Panama but based in the Bahamas]. "Blairmore is shown to have been controlled using an obscure financial instrument known as "bearer shares". These do not carry the name of the owner. They are similar to bank notes in that they simply belong to the person holding the certificate in their hand... In order to avoid UK tax, the venture had to be managed and controlled from abroad. A team of six other directors from Switzerland and the Bahamas was recruited, to ensure that the majority of the Board was based outside Britain. However, the paper trail suggests this was a conjuring trick, albeit one tolerated by the law...."

Whilst I think it is clear that, in the light of all this, DC had no right to take the moral high ground and castigate Jimmy Carr for his arrangements (and he was very selective in his criticisms - making excuses for Gary Barlow), I agree with those who say that this isn't about individuals - it is a systemic, worlwide problem. I think there is a danger that after all the hoo ha has died down, everything will continue as before. Pillorying one or two individuals is not the answer - shutting down these tax havens is. I don't know how it can be done but unless it is, with the gap between rich and poor widening each year, the world will become an even more dangerous place than it is at the moment.

www.taxresearch.org.uk/Blog/2016/03/24/the-march-tax-justice-network-taxcast/

This is a podcast, lasting half an hour, made before the Panama papers were released. Contry by country reporting and tax havens in it.
Very interesting listening.
Whatever was said in this, rules may change after Panama.

Oh dear, the mails front page refers to a tax dodge

How about blaming Thatcher for starting the whole thing off in the first place?
After all, if she hadn't changed the law so that money could be taken offshore without paying tax, this wouldn't have happened.

One good thing is that Mark Thatcher is caught up in it. Hoist by his own mother's petard!

Nooooo Daphne, surely no one will believe that. Dave was left £300,000 so no inheritance tax , his mother gave him £100,000 on two consecutive years because she thought Dave hadn't been left enough, must be true because the Camerons are saying this , how many pigs flying over head this evening

Ahem! I don't suppose it has anything to do with the amount Dave inherited being just below the threshold for inheritance tax.

Ian Cameron's will shows that there are funds held offshore and nobody knows how much they're worth, although Blairmore Holdings Inc was worth £25 million in 2012. In 2009 the compilers of the Sunday Times Rich List estimated Ian Cameron's wealth at £10m. Ian Cameron left £2.74 million in his UK will, so where's the rest?

An article about the Camerons' wealth before the leak of the Panama Papers:

www.theguardian.com/politics/2012/apr/20/cameron-family-tax-havens

Oh, it seems she gave Cameron £2oo,ooo because she thought her husband hadn't left Dave enough , and we are expected to believe this ?

How much more is going to come out. Cameron's father left him that sum of money and his mother has been topping it up each year . Where did her money come from?

But the thread is about Ian Cameron and off shore accounts, I just went back on topic as you ordered

I agree obieone ,

No party has done it[as far as I know]. No point playing political tabletennis on gransnet or elsewhere.

The good thing about all of this now is that the Tories in particular may do something about it.

no more dialogue thanks anniebach I think your posts about the Camerons son are beyond the pale.
My comments have nothing to do with the Father or off shore accounts.

Rosesarered, it is an excuse , are you blaming all the previous governments before 2010 for the Camerons making money in off shore accounts ?

And the obvious answer niggly if why didn't the tories after five years .

So you think these off shore tax havens are legal tax avoidance or ilegal tax evasion?

A few of us have asked that question, niggly, but were told by Annie that it was ' a pathetic attempt to excuse Cameron'....go figure!

It sounded like it ab. No I don't have any off shore accounts, nor do any of my family, I am not a member of the Cameron family and I don't live in Oxfordshire. Yes these loopholes should have been been closed years ago, so why didn't labour do this during their 13 years? Why is it only the wicked Tories who are taken to task for not doing this?

no, anniebach not to anyone else, my comment was about your posts... I could not believe them. To lose a child is the most terrible thing within a family.
I said get back to tax avoidance to stop any more ghastly posts about the Camerons and their grief.

Rosesarered, I couldn't give s hoot what you think of me but there a possibility you have been offensive to one or more on this forum.

So funny you have your say then tell everyone to get back to get back to tax avoidance, but not unexpected from the forums most dedicated wanna be moderator

Niggly, I did not say his grief was false,

get back to the subject of tax avoidance for God's sake.