Archive for Tax Evasion

The Menace Of Tax Havens

Posted in America, Britain, European Union, Germany, Modern World, News, Russia, Saudi Arabia, Theft, USA with tags , , , , on 17/11/2016 by floroy1942

I read an article on Yahoo today that says all tax havens should be quarantined. That I certainly agree with! While you and I try as best we can to make enough money to live on, the rich are hiding away their ill-gotten gains in tax havens so they don’t have to pay tax. This has an astounding affect on all of us.

The gist of the article says that all tax havens should be cut off from the global financial system. “They call for making it illegal for anyone in cooperative countries to have an account in a non-cooperative jurisdiction, or for someone in a cooperating country to be a shareholder in a corporation in a non-cooperative one.”

This means that it would be illegal for people to stow away money in a country or system that is not open to the world of finance. All these areas must be open to outside scrutiny and in effect, global auditors must be able to scrutinize all bank accounts wherever they are.

This idea of hiding away trillions of dollars from the tax people in any country in the world is a scandal, for if these politicians and businessmen paid the taxes that were due, most of the world’s monetary problems would be solved.

These billions of dollars could be used to aid the poorer countries of the world, feed those dying of hunger, and solve the sickness that is so prevalent in many countries in the world. Without a doubt, it could be used to solve the major debt problems across the world.

The sad thing is, these ultra-rich people just let it lie there in these accounts and never think of doing some good with their money. There are exceptions of course like Bill Gates and Warren Buffet who use their billions to do good in the world, its just a pity that all the ultra-rich do not think the same. Most of these people have more money than they could spend in three lifetimes, but they prefer to hide it away and do nothing with it. The phrase “It’s all mine, mine, mine!” comes to mind. It’s more about bucking the system and being able to brag about the fact that they are billionaire’s.

I have for a long time advocated that all these multi-billionaires should pay taxes on their often ill-gotten gains and do some good with it, but will it ever happen? There is a slim hope now that all these people will be caught with their ill-gotten gains if this plan goes ahead. Let’s hope it does.

Roy.

The Cameron ‘Tax Scandal’

Posted in America, Britain, David Cameron, England, European Union, Germany, News, Politics, UK, USA with tags , , , , on 09/04/2016 by floroy1942

Typical Press - Inaccurate Information

Many people in Britain are incensed about the Cameron ‘tax avoidance’ scandal and demand that he resign as Prime Minister, but is this right? From all the news bulletins I have seen it is clear that he has done nothing wrong. People have accused him of hiding money or making large profits from offshore accounts, but this just isn’t so from what I have seen.

From reports it would seem that he made a measly £30,000 profit when he sold his interests in his father’s money, which let’s face it, is nothing! Also he paid all the relevant taxes on that money, and it was all done before he became Prime Minister. So what is the big deal!!!

While other people are making millions from offshore accounts he made a paltry £30,000 which is less than the average living wage in the U.K. today.

When confronted by the Press he said that while Prime Minister he had not made any profits or been involved in hiding money away from the tax man which is correct. He later went on to admit that his father did have money in offshore accounts but these were nothing to do with him, which is correct.

A few days later he admitted selling off his share of his father’s money for the aforesaid £30,000 before he became Prime Minister. I do not see anything wrong with this, but still there are people out baying for his blood!

I am well aware that he is not the perfect man for the job, but then who is? Corbyn???????

If that man ever got to be Prime Minister it would signal the end of our once great country, for he would finish off what the traitor Tony Blair started. In my view, apart from Blair, he is the worst Labour leader we have ever had to put up with. But all that is another story.

David Cameron does not deserve all the dirt that is being thrown at him, for in my view he has acted honestly over the tax evasion news. What he did before he became Prime Minister is irrelevant so long as he has done his job properly, and in the interests of the people.

Concerning the In/Out Referendum, which other European nation has put such a vote to the people? Not One!

He could have ignored the entire episode and refused to listen to the calls for us to leave the Union, but he didn’t. He decided to take a bold step in the interests of the people. I don’t see the likes of Angela Merkel or Francois Hollande giving the ordinary people a vote on whether to stay in the Union or not – Do you?

This of course may happen if the British people vote to leave, for there is also a lot of discontent within these countries and many others at the way Brussels is continually trying to take over the governance of all E.U. countries. It is clear their aim is a United States of Europe  where they govern everybody.

Cameron has at least openly given us a chance to get out from under the crushing hypocrisy of those idiots in Brussels.

It is time we went back to running our own country as we see fit, and not having to accept the dictates from Brussels.

So far as the whole tax avoidance scandal is concerned, we need an international effort to ensure that these offshore tax havens are made to publish the details of all accounts they hold so that these multi-billionaires can be forced to pay the taxes they owe. If such a thing happens it would solve the economic problems of many countries around the world.

Roy.

The Off-Shore Accounts Scandal

Posted in America, Australia, Britain, Canada, European Union, Germany, Justice, News, Theft, United Nations with tags , , , , on 06/04/2016 by floroy1942
See What I Mean!

See What I Mean!

Like everyone else I was shocked at the leak of offshore account details by Panama, but to be honest, it did not surprise me. We have known for years that many rich people have hidden their money in these accounts, and of course many do it to avoid paying taxes.

But now the ‘cat is out of the bag’ and they are sitting with red faces because their wealth has become public. We have heard denials from various individuals about the fact that they have not been avoiding paying taxes on their wealth and it may be true is some cases, but certainly not all.

The big question though is what to do about it! In my view all these tax havens should be wound up and made illegal, but the problem is, those that must do it are the ones hiding money away i.e. politicians.

There can be little doubt that a way must be found to stop this practice. Maybe the United Nations can set a law that these places must declare all their customers, and how much each account holds. Again this is not likely to happen.

The problem is that those avoiding tax revenue could probably put an end to the financial crises of many countries in the world. Imagine if those resident in Greece were to pay all the taxes they owed to the government, then that country’s financial crisis would disappear, the same goes for many other lands, including Britain.

The amount owed by these people must run into trillions of dollars and could solve many of the hardships being suffered by people across the world.

What good will come of this whole farce I don’t really know, but for the good of many countries someone, somewhere must put a stop to it. Let’s just hope the authorities in various countries go after these people.

Roy.

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