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Paradise Papers

(268 Posts)
grannyactivist Mon 06-Nov-17 00:18:37

Thanks to a leak of financial documents I think we shall see many chickens coming home to roost in the near future. One of the first to be held to account is Lord Ashcroft. His spokesman, Alan Kilkenny, said the peer had never engaged in tax evasion, abusive tax avoidance or tax avoidance using artificial structures, and “any suggestion or implication that he has will be vigorously challenged”.
However, if you or I (assuming that you are not a multi millionaire politician) dealt with our tax affairs in the same way as he seems to have done I suspect we might be investigated by HMRI.

lemongrove Wed 08-Nov-17 17:01:06

So avoided stamp duties,

whitewave Wed 08-Nov-17 17:01:28

I know of one very large council who invested a large amount of their pension fund into Iceland. They lost a huge amount in the crash!

whitewave Wed 08-Nov-17 17:02:19

These purchases are largely for the pension fund.

whitewave Wed 08-Nov-17 17:03:57

That was Iceland the country grin

durhamjen Wed 08-Nov-17 17:09:53

www.taxresearch.org.uk/Blog/2017/11/08/the-uk-loses-20-of-total-corporate-profits-to-tax-havens-but-hmrc-are-in-denial-about-the-missing-7-billion/

whitewave Wed 08-Nov-17 17:11:27

Of course they are in denial, as it reflects badly on them.

durhamjen Wed 08-Nov-17 17:12:46

www.taxresearch.org.uk/Blog/2017/11/08/the-case-against-subsidising-the-isle-of-man-to-be-a-tax-haven-goes-to-the-house-of-commons/

I really do not see how anyone can justify rich people defrauding the population of tax, whatever sort of tax.
Those who do I suggest are as devoid of morals as those who commit the tax dodging in the first place.

lemongrove Wed 08-Nov-17 18:40:26

What about councils doing it then?

jura2 Wed 08-Nov-17 20:32:29

Well, you have not given evidence. BUT, even so - there would be a huge difference. Councils would do so in order to provide for schools and all local services for the benefit of all.

durhamjen Wed 08-Nov-17 20:56:52

skwawkbox.org/2017/11/08/williamson-takes-it-to-tax-avoiders-in-latest-video/

whitewave Wed 08-Nov-17 21:05:25

Not sure what you mean jura but if it’s about shoving money overseas by the councils - they absolutely can’t do it with the precept, or rates.

They only invest stuff like pension funds etc.

durhamjen Wed 08-Nov-17 23:09:15

www.taxresearch.org.uk/Blog/2017/11/08/isas-are-not-tax-avoidance/

durhamjen Thu 09-Nov-17 19:19:18

secure.avaaz.org/campaign/en/paradise_papers_loc/?ckHcnjb

A petition which Gordon Brown will deliver if it reaches a million signatures to stop tax havens now.

durhamjen Thu 09-Nov-17 19:45:20

Over 300,000 signatures already.

durhamjen Thu 09-Nov-17 19:49:04

The Daily Mail is registered as having its headquarters in Bermuda.
I wonder if the building is still there.

Jalima1108 Thu 09-Nov-17 19:55:39

Well done Gordon, pity you didn't do more to stop them when you were Chancellor and made the tax system even more complicated.

But - better late than never.

durhamjen Thu 09-Nov-17 20:01:10

Like you say, at least he is trying to do something now. He wasn't the one who said he was relaxed about the filthy rich.

Have you signed?

durhamjen Thu 09-Nov-17 20:01:58

Another ten thousand in fifteen minutes.

MaizieD Thu 09-Nov-17 20:09:24

I've signed the petition, dj

315,000 signatures and rising by the second...

whitewave Thu 09-Nov-17 20:10:38

And me.

durhamjen Thu 09-Nov-17 20:13:39

Good.

Just seen the first Mexican and Russian signatures. Loads from Germany and Switzerland.

durhamjen Thu 09-Nov-17 20:30:05

French Polynesia.
My grandson would love this game, trying to recognise all the flags. I'll try and remember tomorrow.

jura2 Thu 09-Nov-17 20:53:28

moi aussi, bien sûr smile

durhamjen Thu 09-Nov-17 21:06:35

350,000 now. A lot more than the 38 degrees one. That's only got 122,000.

MaizieD Thu 09-Nov-17 21:51:47

It's very soothing, watching those names click up! 380,000 now!