Tax Havens

OK will look in the morning too shattered this evening to make any sense, except chat.

www.taxresearch.org.uk/Blog/2016/05/10/secret-transparency-coming-our-way-on-thursday/

The two Johns on here, assuming you remember them.

www.taxresearch.org.uk/Blog/2016/05/12/the-uk-will-fail-the-new-standards-set-at-anti-corruption-summit/

So much for Cameron's much vaunted new rules about corruption.

www.taxresearch.org.uk/Blog/2016/05/12/its-time-for-brittanic-majesty-to-get-a-grip-of-the-bvi/

I'd like to see this happen after the anti-corruption summit.
There are no representatives from the Panama and BVI tax havens at the summit.
Both governors have said they did not receive invitations. So there is a meeting about corruption with no representatives from two coutries we know are corrupt.
All the corrupt governments that Cameron talks about have set up accounts in Panama or the BVI. Why are they not there?
Over a trillion dollars have gone missing from African countries and most of it has ended up in Panama or the BVI.
Apparently the President of Nigeria is going to ask Cameron for the assets in Britain of Nigerian public figures accused of fraud. He thinks it will be better than an apology. I'd quite like to see both.

www.theguardian.com/world/2016/may/12/super-rich-may-sell-london-homes-under-anti-corruption-rules

There are going to be a lot of big houses in London avaiable to turn into flats or care homes.

www.actionaid.org.uk/blog/campaigns/2016/05/13/what-does-eurovision-have-to-do-with-tackling-tax-avoidance

For anyone who will be watching Eurovision tomorrow.

www.theguardian.com/business/2016/feb/23/uk-tops-global-table-of-damaging-tax-deals-with-developing-countries

The corruption summit did nothing to fix this. Cameron forgot to say that the UK allows networks of tax treaties to make it possible for multinational companies to shift money out of developing countries and into the UK while paying little or no tax. These treaties should be reviewed to make sure they do not tie the hands of poor countries.

Apologies for not reading the whole thread - i'll have a look soon.

There was a chap on BBCR4Today a couple of days ago who said it in a nutshell.
People who stash money away offshore don't choose to live there because they have minimal infrastructure etc. They live in London and take advantage of all the things the honest tax payers have paid for.
(If anyone can tell me what time the business news is on BBCR4Today I'll locate the episode).

This is interesting.
Cameron was writing a book about anti-corruption to be published before the summit. He asked Clare Short to write a chapter, saying it would "spark debate and action across the world because of her distinguished record."
Then he turned it down, saying it needed to be more forward looking.
I think I know why he turned it down.

opendemocracy.net/clare-short/why-did-david-cameron-reject-this-essay-from-anti-corruption-book

Why would he turn it down , big mystery - not

"Corruption is the cancer at the heart of so many of our problems in the world today. It destroys jobs and holds back growth, costing the world economy billions of pounds every year. It traps the poorest in the most desperate poverty as corrupt governments around the world syphon off funds and prevent hard-working people from getting the revenues and benefits of growth that are rightfully theirs. It steals vital resources from our schools and hospitals as corrupt individuals and companies evade the taxes they owe. It can even undermine our security, as Sarah Chayes argues in her essay, if the perceived corruption of local governments makes people more susceptible to the poisonous ideology of extremists."

The first paragraph in Cameron's foreword.
You've got to admire his brazenness.

www.gov.uk/government/publications/against-corruption-a-collection-of-essays/against-corruption-a-collection-of-essays

These are the ones he thought it expedient to print.

panamapapers.icij.org/stairway_tax_heaven_game

An interesting game to play.

tompride.wordpress.com/2016/05/12/transparency-international-slams-cameron-on-corruption-uk-must-get-its-own-house-in-order/

He will do little if anything, all hot air as usual, the most shallow PM I can recall, suppose Boris Johnson will match him if he gets to be the next one

Can you imagine a western world led by Trump and Boris.
We will be laughing stocks. Nobody will take us seriously any more.

www.ethicalconsumer.org/ethicalcampaigns/taxjusticecampaign/richardmurphycolumn/theukisnowataxhaven.aspx

This is why they tried to deflect from tax havens to corruption.
A bit 'You're more corrupt than we are, so what are you going to do about it?'
What, the UK corrupt? How dare you suggest it.

Good last post.

scontent-amt2-1.xx.fbcdn.net/v/t1.0-9/13124512_10153893734462034_9011685620308295637_n.jpg?oh=f588ecc513f92d48b265c3a40c6a06cb&oe=57D7E441

Taxresearch's Richard Murphy and what he says on the EU.

publicintegrity.us4.list-manage.com/track/click?u=8dc6eceed67f7f012462d0b12&id=cf2759793f&e=98045e9077

More about the Panama papers.

publicintegrity.us4.list-manage1.com/track/click?u=8dc6eceed67f7f012462d0b12&id=7db41a51b6&e=98045e9077

publicintegrity.us4.list-manage1.com/track/click?u=8dc6eceed67f7f012462d0b12&id=98f93f0589&e=98045e9077

It looks like Trump has been caught in tax fraud.

www.dailysquib.co.uk/business/19046-can-teflon-don-bypass-serious-allegations-multimillion-dollar-tax-fraud.html

At least the EU hasn't forgotten about this, even if the UK appears to have done so.

www.theguardian.com/business/2016/jun/01/panama-papers-inquiry-expected-call-george-osborne-witness

www.theguardian.com/business/2016/jun/05/american-economy-brexit-seems-biggest-problem-west

This could be why Osborne hasn't been seen around much lately.
Sorting his paperwork out.

It's still going on. I hope the taxman gets his share of this.

www.theguardian.com/business/2016/jun/13/nick-christian-candy-accused-tax-evasion-high-court