Not a tax haven.

[Lxxx]

 

@ Andy, Nevada's in the States, they may yet have to deal with their own share of worms from this can? And Scotland would survive as an independent country only marginally longer than IoM?

 

I know Nevada's in the States.... that was the point in mentioning it. It's happening in the backyard of the good old US of A.... the greatest opponent of tax havens of all time.

 

Scotland is in exit mode and it won't be long before they need to start looking at ways to keep employment down once they do go it alone. The SNP have made no secret of the fact that they are seriously considering basing their economy on a low tax economy but with socialist principles (does that sound familiar?). So it will only be a matter of time before they will be in the club.

 

 

Scotland, if still choosing to remain in the EU, will find out that the new establishment aren't nearly as favourable as the old one when it comes to deciding how much leeway they can offer by way of tax regulations. I would hazard a guess they get a lot more favourable treatment in Westminster than they would do from Brussels.

[Roger Mexico]

[...] judging by their backers, these journalists who get to choose what is released are far from independant

 

Craig Murray made that very point in a very interesting blog post, just after the Panama Papers began to be released, noting that the users of the company concerned that were highlighted in the first batch of information released, were those associated with states normally seen as hostile to the West and/or already corrupt (Russia, Syria, Saudi). The only EU name that has been mentioned so far is a Maltese Minister about whom the Panama connection was already known.

 

A later post by Murray also pointed to how the Panorama programme had ignored the participation of British tax havens in all this, concentrating only on the Panama side. Of course Panorama's long-term reporter, Jane Corbin, is the widow of the Tory peer and former MP John Maples, founder of the Cayman Islands law firm Maples and Calder.

 

Small world the British Establishment.

[Andy Onchan]

 

 

@ Andy, Nevada's in the States, they may yet have to deal with their own share of worms from this can? And Scotland would survive as an independent country only marginally longer than IoM?

 

I know Nevada's in the States.... that was the point in mentioning it. It's happening in the backyard of the good old US of A.... the greatest opponent of tax havens of all time.

 

Scotland is in exit mode and it won't be long before they need to start looking at ways to keep employment down once they do go it alone. The SNP have made no secret of the fact that they are seriously considering basing their economy on a low tax economy but with socialist principles (does that sound familiar?). So it will only be a matter of time before they will be in the club.

 

 

Scotland, if still choosing to remain in the EU, will find out that the new establishment aren't nearly as favourable as the old one when it comes to deciding how much leeway they can offer by way of tax regulations. I would hazard a guess they get a lot more favourable treatment in Westminster than they would do from Brussels.

 

 

I suspect you;re probably correct but the EU havn't reckoned on the Blessed Nicola and St. Lec yet.

[Andy Onchan]

 

[...] judging by their backers, these journalists who get to choose what is released are far from independant

 

Craig Murray made that very point in a very interesting blog post, just after the Panama Papers began to be released, noting that the users of the company concerned that were highlighted in the first batch of information released, were those associated with states normally seen as hostile to the West and/or already corrupt (Russia, Syria, Saudi). The only EU name that has been mentioned so far is a Maltese Minister about whom the Panama connection was already known.

 

A later post by Murray also pointed to how the Panorama programme had ignored the participation of British tax havens in all this, concentrating only on the Panama side. Of course Panorama's long-term reporter, Jane Corbin, is the widow of the Tory peer and former MP John Maples, founder of the Cayman Islands law firm Maples and Calder.

 

Small world the British Establishment.

 

 

Indeed.

 

Investigative journalism my arse.

[woolley]

 

woolley

 

I think that every work is a gem. The whole posting is bang on.

 

Thanks for your insight

All the more reason to sacrifice the CI and IOM by that I think they mean not interfering with internal taxation but where it serves to digress from UK tax laws and thus rob the UK taxman. Wooley has written with sentiment...I am observing the fall of shot!

 

The question that they are always asking themselves is: "How can we appear to do something about this without actually killing it." Ground has been ceded at a glacial pace for at least 25 years, and it looks like there has been a massive clean up with "white lists" and information exchange agreements etc. The current UK government has done more than any before. As we can see however, it has not diminished the ability of those who use offshore structures for financial secrecy to do so. This is not by accident or omission. It is closely coordinated and planned.

 

The idea that islands and small territories around the world are cocking a snook at the major powers and ripping them off for billions in taxes on their own initiative and getting away with it is completely risible, surely. The nature of our own relationship with Westminster was plain for all to see when we tried to go our own way over Radio Caroline. That was sat upon in short order. Yet we can run our own parallel tax planning systems for over half a century and get away with it? Yeah right! Even Murphy, the so called expert, falls into the trap when he demonises "these places".

Edited April 5, 2016 by woolley

[pongo]

Craig Murray made that very point

I accept that probably not all of the people who turn up as guests on Alex Jones are conspiracy theorists. But he has always rather seemed to lean in that direction.

[Tugger]

2006 Act companies are quite "secretive" insofar as the general public is concerned. Obviously the regulators and the tax man can get their hands on pretty much anything.

 

Separately, despite the current pitchforks it is highly unlikely that the UK government is going to legislate for the IOM or the Channel Islands. The constitutional relationship between the UK and the various islands is incredibly complicated and nuanced, and despite the wishes of the likes of Richard Murphy the UK isn't going to bulldoze legislation through destroying the communities there. The likes of the Cleaner and the Radio Virgin would like it to be otherwise, but it isn't ever going to happen

[notwell]

Richard Murphy is an irritating twunt.

 

I suspect he'll be keeping his mouth shut about Russian money. That's "accident" territory if ever there was one

[oldmanxfella]

 

[...] judging by their backers, these journalists who get to choose what is released are far from independant

 

Craig Murray made that very point in a very interesting blog post, just after the Panama Papers began to be released, noting that the users of the company concerned that were highlighted in the first batch of information released, were those associated with states normally seen as hostile to the West and/or already corrupt (Russia, Syria, Saudi). The only EU name that has been mentioned so far is a Maltese Minister about whom the Panama connection was already known.

Most of them evil bastards in those anti Western countries as well. I wouldn't like to be the key man life insurance provider to Mossacks - I can see a spate of claims happening for all manner of inexplicable events. The Russians tend to prefer helicopter crashes or mystery illnesses.

[Lxxx]

Richard Murphy is an irritating twunt.

 

I suspect he'll be keeping his mouth shut about Russian money. That's "accident" territory if ever there was one

 

Oh I do hope he can't help himself.

[oldmanxfella]

 

Richard Murphy is an irritating twunt.

 

I suspect he'll be keeping his mouth shut about Russian money. That's "accident" territory if ever there was one:thumbsup:

 

Oh I do hope he can't help himself.

True. He had a major hissy fit involving the police with a local radio presenter over an innocent 'wet ops' joke after a radio interview but I bet he'd be shitting a brick making any comment about recent Russian disclosures out of Panama. He's best attacking soft targets.

[woolley]

 

The question is Barrie, what credibility would the likes of the BVI and Cayman have if they didn't have British sovereignty? None at all. Let's face it. The system has been set up by the rich and powerful for the benefit of the rich and powerful, and they want it within their control. The whole "tax haven" issue is not the islands vs the large countries. It is simply portrayed that way for expediency. In reality it is the rich and powerful vs the rest and the real issue is about how long they can hold the line. The islands are just the whores scraping a living off the crumbs that fall from the rich man's table.

+1. Succinct. Just useful constitutions that lend themselves to avoidance and otherwise and have been taken advantage of. But has the "arse now been kicked out of it"?

 

The answer to that is not immediately clear. A couple of difficult questions will have to be addressed, and the answers will not emerge quickly or easily short of a global uprising.

 

How attached are the rich and powerful to tax avoidance? Obviously, very much so. But there will be degrees and maybe some will see the writing on the wall and start to break ranks to a degree. Maybe.

 

How much pressure will or can be be brought to bear on the rich and powerful to really change things? The internet has no doubt increased the awareness of the population to what goes on, but will it remain simply a disorganised clamour? A pressure valve that can safely be ignored, or at least mollified with a little trimming around the edges? These are fine judgements.

 

There may be votes in hammering the tax havens as Barrie said, but that is not really important because politicians are not really important. They are short term and expendable. How it all pans out will be decided globally over a protracted period by those several strata above politicians and it will be based on their reading of what they can preserve of their privileged position for future generations and what they might sacrifice to keep the lid on.

Edited April 5, 2016 by woolley

[woolley]

 

True. He had a major hissy fit involving the police with a local radio presenter over an innocent 'wet ops' joke after a radio interview but I bet he'd be shitting a brick making any comment about recent Russian disclosures out of Panama. He's best attacking soft targets.

 

What are you trying to say?

[pongo]

There may be votes in hammering the tax havens as Barrie said, but that is not really important because politicians are not really important. They are short term and expendable. How it all pans out will be decided globally over a protracted period by those several strata above politicians and it will be based on their reading of what they can preserve of their privileged position for future generations and what they might sacrifice to keep the lid.

That's borderline secret-world-govt stuff IMO.

[Tarne]

He's not wrong though, say you're suddenly the chief minister - you can't just say "No more shell corporations etc here" on the island. That power isn't even in our hands.