True, it's a tiny number of people. Unfortunately, they control rather a large proportion of the world's wealth. Also tax evasion is only a small part of this issue. These jurisdictions are used to shelter the proceeds of serious crime such as drugs and people trafficking, not to mention the sheltering of the wealth of kleptocratic rulers. There's been a lot of talk about a war on drugs. Until we open up the money flows, that hasn't even started.
There are a lot of human rights. Privacy is just one. In the real world, peoples various conflicting rights have to be balanced. That's what we call politics. Anyway this information is not going to be out there in the public domain. It's not going to be like Zoopla and the value of your home!
Aaron
Are you familiar with the Kilbrandon Report from 1973? That made it quite clear that Crown dependenciess are only allowed the discretion they have so long as they act within the boundaries of good governance. I think that facilitating tax evasion would breach those boundaries.
Now maybe we can all think of a number of more relevant reasons why the government might not want to counter tax evasion, perhaps not entirely to their credit.
There has been a failure by HMRC to get on with dealing with this. Along with a general failure to deal with most of the things they are supposed to do. This seems somehow to have coincided with the loss of most of their knowledgeable old Inspectors and their replacement by a few low-paid bods in call centres. The loss of personpower (is that a word? It is now) is not an issue to be dismissed.
What a lot of whining! These smart alecs thought they could get away with not paying any tax whilst working people paid their dues in the usual way. Now they have been outsmarted and they are getting hammered and they don't like it. Welcome to the real world, guys!
My experience has been that these are mainly faux-loans that are never actually supposed to be repaid and the firms that ran these schemes in Douglas or wherever disappeared as soon as the cracks started to show.
Just one thing that's right about this article. Taxes don't pay for the hospitals. As Modern Monetary Theory shows, governments do and then collect tax to control the money supply.
Hi Trethi - which translation of the bible are you using? I don't quite recognise it.
Since it is a matter of fact that only JC himself is without sin, are you arguing that all law and law enforcement should cease in the absence of perfect people? Just wondering...
My answers
Who'd want to be Rebus?
I suppose it is better than being Taggart.
Surely you'd rather be Morse, or even Lewis!
No, Trethi, I have committed no criminal offence. Does that mean I win the argument now?
You set a very high bar for geographical competence, sir.
True, it's a tiny number of people. Unfortunately, they control rather a large proportion of the world's wealth. Also tax evasion is only a small part of this issue. These jurisdictions are used to shelter the proceeds of serious crime such as drugs and people trafficking, not to mention the sheltering of the wealth of kleptocratic rulers. There's been a lot of talk about a war on drugs. Until we open up the money flows, that hasn't even started.
There are a lot of human rights. Privacy is just one. In the real world, peoples various conflicting rights have to be balanced. That's what we call politics. Anyway this information is not going to be out there in the public domain. It's not going to be like Zoopla and the value of your home!
In the immortal words of Mandy Rice-Davies "Well they would wouldn't they"!
The report described the state of the law. That hasn't changed since 1973.
Aaron
Are you familiar with the Kilbrandon Report from 1973? That made it quite clear that Crown dependenciess are only allowed the discretion they have so long as they act within the boundaries of good governance. I think that facilitating tax evasion would breach those boundaries.
Now maybe we can all think of a number of more relevant reasons why the government might not want to counter tax evasion, perhaps not entirely to their credit.
There has been a failure by HMRC to get on with dealing with this. Along with a general failure to deal with most of the things they are supposed to do. This seems somehow to have coincided with the loss of most of their knowledgeable old Inspectors and their replacement by a few low-paid bods in call centres. The loss of personpower (is that a word? It is now) is not an issue to be dismissed.
That is exactly what I was thinking. I will accept 30 November as good time but nothing later.
And as for all this pension provision talk, you don't put what is in your pension fund on your tax return. That's the point.
What a lot of whining! These smart alecs thought they could get away with not paying any tax whilst working people paid their dues in the usual way. Now they have been outsmarted and they are getting hammered and they don't like it. Welcome to the real world, guys!
My experience has been that these are mainly faux-loans that are never actually supposed to be repaid and the firms that ran these schemes in Douglas or wherever disappeared as soon as the cracks started to show.
Just one thing that's right about this article. Taxes don't pay for the hospitals. As Modern Monetary Theory shows, governments do and then collect tax to control the money supply.
Hi Trethi - which translation of the bible are you using? I don't quite recognise it.
Since it is a matter of fact that only JC himself is without sin, are you arguing that all law and law enforcement should cease in the absence of perfect people? Just wondering...