Social => General Discussion => Topic started by: shortport on May 30, 2016, 06:03:57 PM
I guess that will be 11,000 people and their families not taking 'an island break'.
In business there is the old expression dog eats dog, one does wonder how dogs can be knighted ?
This is in German words and people ( from Jersey ) speak in English.
Featuring - well have a look if you are interested.
And this from the New York Post about condo owners in Manhatten who don't pay their taxes.
At The Plaza Hotel, where there are condos and hotel rooms, Unit 1609, with 3 bedrooms and 3 baths, was purchased in July 2010 for $12.35 million by a European watch company. The owner owes $236,357 in back taxes but may never have been officially told about the tax bill.It seems the city continued to send its tax bills to the seller at the address of Barclay’s private wealth office on the Isle of Jersey, a tax haven. In January, the Finance Dept. changed the address to The Plaza, hoping for better luck. A spokeswoman for the watch company did not return calls by deadline
This is worth a read.
Seems like Jersey isn't the only tax haven to lose its way.
Came across this article in a recent British Virgin Islands news article.
Paradoxically, and with all the new found wealth, poverty, crime, mental illness and loneliness are all on the increase. Commentators and academics will argue that this is the price you pay for modern prosperity. This Old Boy is not that certain it is.
The Virgin Islands has forgotten that true prosperity is not the number of large homes that sit on the hill, and the Cadillac in the garage. True prosperity is a state of heart that understands that true wealth begins with love of community, good character, and trust.
But whose fault is that? Like everywhere else, we love to blame others for society’s woes. We forget that the problem with the material culture is that it comes with terrible baggage: greed, selfishness, even wickedness. But, for certain checks and balances in place, a feature of Overseas Territories watched over by an “aloof” but “frugal” Britain, many a Caribbean jurisdiction would be in bankruptcy today, with even greater and more grievous social consequences, such as dire poverty and unsustainable crime.
For all the “talk about independence” Whitehall, or the Foreign and Commonwealth Office, remains a critical link and artery buttressing and maintaining fiscal responsibility in Overseas Territories. But for British oversight, the lid on financially irresponsibility would have been twisted off, emptying treasuries in OTs and exponentially increasing deficits and overspending, leading to increased poverty and slowing economic growth.
Overspending is not synonymous with economic stimulus. Stimulus is intelligent and thoughtful economic policy. Stimulus is always conducted with economic sustainability and viability as a backdrop.
Being a faraway “overseer” of overseas territories, British oversight has attempted to stem the flow from the burst pipe of fiscal irresponsibility in many countries she oversees.
At the root of this “excessive and ostentatious governing culture” are the greater excesses of a ‘stupid rush’ for the material by populations who starting in the late 1970s became prosperous as defined by western social and economic theory.
Government is not a gravy train, but a manager of scarce resources. However, government and governed are in a symbiotic relationship. Government is a reflection of the wider culture. And whatever drives that culture drives government.
Whoever wrote that is clearly not a politician or a career civil servant!
Interesting item shortport this keeps the register of companies secret for Jersey and crown dependencies but not for others:
UK MPs unite to push for greater transparency from tax havens,
This might stop Geoff Cook grinning