Tax Havens

Some figures from the Panama Papers.

panamapapers.icij.org/graphs/

Links to North Korean finance company through BVI, with funds going to nuclear research.

www.nhsforsale.info/private-providers.html

I've only looked at the first two, Virgincare and Care UK. Both put money offshore.
I hope they get caught up in this, along with the others who have impoverished our NHS.

"Virgin Care has become a major player in the market for NHS services since it entered the healthcare market in 2010. Over the past five years the company has been awarded contracts worth over £1 billion, with several large contracts in community health.

Virgin Care continues to be highly active in tendering for NHS contracts, despite the company showing no signs of a profit: since 2010 the company has recorded an annual loss of £9 to £10 million. As Virgin Care Ltd makes no profit in the UK, according to its accounts, the company pays no tax in the UK. However, Virgin Care Ltd is a small entity in Richard Branson’s Virgin empire. Virgin Care’s ultimate parent is Virgin Group Holdings registered in the tax haven of the British Virgin Islands. The ultimate owners of Virgin Care are trusts registered in the British Virgin Islands where no tax is paid whose beneficiaries are Richard Branson and his family. Questions have been raised over where exactly any of Virgin Care's profits would go and if tax would be paid on profits in the UK."

I know they live there, but it's not right that the profits go to the BVI so are not taxed here. It's legal, but immoral. If Virgin Care is making a loss, why is Branson still taking up contracts in the NHS?

And this is why I don't trust them Jen

HMRC offices are owned by LendLease PFI in Jersey, which was set up in 2010, in November, so after the Tories came to power.

He lived in the Bahamas ? Wonder why he had to fly from this country for board meetings. What an awful man

www.wemove.eu/sites/all/modules/civicrm/extern/url.php?u=3614&qid=2026858

A petition against tax havens.

www.taxresearch.org.uk/Blog/2016/04/05/majority-of-british-public-want-david-cameron-to-act-on-the-tax-havens-poll-shows/

It's not just us that lose out. That's why Oxfam, Christian Aid, and Action Aid are all involved, in getting Cameron to change the rules on tax havens.
They are stealing from poverty stricken countries as well.

The board meeting on the papers was held in Switzerland. Cameron senior's normal address was given as in the Bahamas.
Strange. I never knew he lived there. Not that I know him personally, but I cannot remember Cameron ever going on holiday to the Bahamas. His mother lives over the border in Berkshire, and has done for years. I didn't realise they were separated.

"Put up or shut up" surely is evidenced in the papers that were leaked.

I have little trust in HMRC

There is an argument that Cameron senior's company did indeed evade tax, by stating that its activities took place outside of the UK when in fact there is a suggestion that this was not the case. HMRC need to be onto this.

Yes Jen, but we are use to it, Westminster the Beeb are in England,

www.taxresearch.org.uk/Blog/2016/04/05/we-need-capital-controls-to-tackle-tax-haven-abuse/

Cameron just needs to undo what Thatcher did, and all will be forgiven.

There are complaints about the referendum overshadowing the elections in Scotland, Wales and Northern Ireland, Annie.
Do you find that in Wales?

I'd like to know how he got a first in PPE and never talked to his dad about economics and finance. Somehow I do not believe he knew nothing about it.
After all, it was Thatcher who allowed it by changing the law on capital, and Cameron is a Thatcherite. His dad did it straight after Thatcher changed the law.

The referendum will over shadow it Jen, they will find I way to worm out of this anyway . But what lies he is telling, shame on him

How much of the money that we pay for the NHS, PFI and schools and hospitals goes through tax havens? What about the academy chains?

I am sure the investigative journalists will find out.

And more. How much do you think his Bullingdon garb cost?
His Eton fees? They all came out of his father's corrupt money.

There are still people saying it wasn't illegal, but I think even Cameron can see that that doesn't wash any more except among those who stick up for him, which is not the majority of the population.

This is going to run for a long time.

Cammeron cannot be held responsible for his imoral, tax cheating father, but I thought now he knows the thousands he inherited in 2010 - I assume he had no idea of his fathers antics ! - then the honourable thing to do would be to give the money to the needy , we must remember how against these dirty dealings he is !

There's a petition on 38 degrees to ask the government to close tax havens.
You can also contact your MP through it.

"No government has done more to crack down on tax evasion."

But it shouldn't have needed to.

indy100.independent.co.uk/article/just-a-reminder-hmrc-actually-rents-its-hq-from-a-company-registered-in-a-tax-haven--bJ2PgGt9eZ

Cameron's hoping that we will just stick with the piggy bank bit, rather than think about dictators and arms deals.

www.theguardian.com/news/2016/apr/05/panama-papers-world-leaders-tycoons-secret-property-empires

You beat me to that one, Penstemmon.

I think this is the one that will annoy Cameron more.

www.theguardian.com/world/2016/apr/05/how-to-explain-offshore-banking-and-when-it-is-naughty-to-a-5-year-old

I quite enjoyed this as light relief from feeling so annoyed..not that I did not know such places and practices existed! But the instant denial and arrogance of the politicos is really infuriating.