Tax Havens

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www.thecanary.co/2016/04/15/osbornes-hammer-blow-tax-havens-joke-parliament-vote-proves/

Osborne's plans for tax havens mean that the taskforce will report to Osborne, Cameron and the Home Secretary. All the Tories voted against an independent enquiry.
This is democracy? What a laugh - all the way to the next tax haven.

www.taxresearch.org.uk/Blog/2016/04/20/hmrc-to-turn-a-blind-eye-to-inheritance-tax-abuse/

This really is a sick joke.
The IFS thinks it is wrong. How can they check up on the top 1% if they do not collect statistical information?

www.taxresearch.org.uk/Blog/2016/04/25/the-price-of-honestly-telling-what-is-going-on-is-prosecution/

This is why the person who leaked the Panama papers should not be found.

About PwC, and the whistleblower being in court.
I hope he gets a chance to mention a few names.

dj, I was reading about that earlier today (yesterday) while looking up some information about wealth distribution (got sidetracked from finding out about immigrants' wealth, but I'll post what I found out later). The IFS's publications are heavy going, but the gist of the paper I was reading is that they couldn't include the top 1% in their calculations, because it was impossible for HMRC to find out how much they're worth. It's very possible that the top 1% are worth 10s or 100s times more than the top of the next 99%. Frighteningly, these are people who are pulling politicians' strings and, even more frighteningly, are passing this wealth on to future generations of their families, so the situation will get worse. It is impossible for people to earn that kind of money by working. We are returning to the MIddle Ages.

There's also a very interesting course on (in)equality on FutureLearn.

www.taxresearch.org.uk/Blog/2016/04/28/end-uk-tax-havenss-role-in-global-corruption-charities-and-campaigners-urge-david-cameron/

Do you think it will work?

No Jen,

Have you read the response, Annie, which went on after I posted that link?
It might be true.

Yes .jen, I don't think there will any move by Cameron , affect too many Tory donors

An anti-poverty group estimates that t he amount of money being siphoned off to tax havens amounts to more than $1trillion and there is increasing evidence that British overseas territories are helping to hide it.

Nick Bryer of Oxfam said that Cameron should listen to huge public concern over Britains dirty offshore backyard, and end the secrecy that allows the rich and powerful to get away without paying their fair share of taxes.

These territories also play a central role in Londons property market, illicit money is hidden by the purchase of property - beneficial ownership need to be disclosed in these purchases. The average property purchased by these companies stand at £5.6m. 33 times greater than other property in England and Wales.

80% of the population believe that Cameron has a moral responsibility to ensure these territories are transparent. Cameron has the power to force transparency.

The summit in London is coming up we will await the outcome with interest.

Observer report.

Beneficial ownership need NOT be disclosed.

Anniebach- your last comment says it all and is so so true.

Do not despair yet.

www.taxresearch.org.uk/Blog/2016/05/08/4-in-5-voters-think-the-pm-should-tackle-offshore-secrecy/

They are going to have to do something about the BVI. There are over fourteen companies registered there for every man, woman and child living there.
That's where lots of our NHS money goes.

Been in despair since the tories got into government last year

www.independent.co.uk/news/uk/politics/panama-papers-search-google-like-database-monday-who-is-in-a7018956.html

The reporters are going to name individuals in the Panama Papers.

www.taxresearch.org.uk/Blog/2016/05/09/300-economists-and-one-message-end-tax-havens-now/

Cameron is going to have fun this week at the tax haven summit.

www.change.org/p/david-cameron-mp-david-cameron-fight-corruption-insist-uk-tax-havens-reveal-company-owners?source_location=search_index&algorithm=curated_trending&grid_position=1

A petition on change.org about tax corruption in the Ukraine from a mother who has to buy drugs on the black market for her daughter.

Got the Panama Papers up but can't download any data. Anybody tried and succeeded?

It is probably so large it won't work on my tiny ipad

I've downloaded it, but it's not very user friendly. I've just downloaded the UK data and there's so much of it and it doesn't tell you much, apart from the name of the company, that I think it might send me to sleep.

That's going to take a lot of searching. I have done a couple of companies and gone round in circles.

This is important.

www.taxresearch.org.uk/Blog/2016/05/09/city-lawyer-says-that-whatever-you-do-dont-mention-offshore-secrecy/
I imagine Richard Murphy will be checking up on him.

That is the problem when tracing hidden companies/money and directors. I suspect you will need other information in order to make connections. I used to do that before I retired. Fascinating stuff especially when you get a break!

Have you signed up to emails from them?
I was wondering, but they might not be interested in the same companies I am.

No I could nothing in the site at all. I'll give it a go in the morning

Sonds an interesting job, whitewave. Did you get any prosecutions?

That's what I thought, at first, whitewave. It looked as though nothing happened.
You have to scroll down.