Author Topic: Time for the Corporations and superwealthy to pay up.  (Read 10129 times)

Online boatyboy

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Re: Time for the Corporations and superwealthy to pay up.
« Reply #45 on: August 17, 2016, 04:22:23 PM »

It appears that the UK Government are slowly getting their act together ?

City firms could face 100pc fines for helping with tax avoidance

Telegraph

City firms that help businesses run tax avoidance schemes could face huge financial penalties under fresh Government proposals.

http://www.telegraph.co.uk/business/2016/08/16/city-firms-to-face-100pc-fines-for-tax-avoidance-advice/

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Online shortport

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Re: Time for the Corporations and superwealthy to pay up.
« Reply #46 on: August 18, 2016, 05:59:02 AM »
About time

Online boatyboy

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Re: Time for the Corporations and superwealthy to pay up.
« Reply #47 on: August 27, 2016, 04:05:35 PM »

Jersey hits the headlines in the Mail today.

" While Sir Philip runs Arcadia, the group that controls Topshop, Dorothy Perkins and used to own BHS, it is actually owned by Taveta Investments.

Taveta and the £3.2 billion family fortune is owned by Lady Green through a Jersey company that holds all the family’s shares.
The Pensions Regulator is holding talks with Sir Philip about what payments he will make into the pension scheme, but it has also begun an anti-avoidance investigation.

http://www.dailymail.co.uk/news/article-3760836/Now-make-Lady-Shifty-pay-BHS-stores-close-forever-pensions-watchdog-force-Green-s-wife-plug-571million-black-hole.html

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Online shortport

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Re: Time for the Corporations and superwealthy to pay up.
« Reply #48 on: August 27, 2016, 05:40:33 PM »
The sooner our finance industry is shut down the better for everyone.

Online boatyboy

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Re: Time for the Corporations and superwealthy to pay up.
« Reply #49 on: August 29, 2016, 04:59:59 PM »
Don't agree with that sweeping statement short port that is like saying that all women are bad car drivers which obviously they are not. The problem as I see it is that companies are selling and making their profits out of a society / country and then using weak disjoined tax laws, not paying their fair share of tax to the country where the money is made. This of course applies to people like Philip Green who obviously runs a company that for tax purposes is in his wifes name in Monaco where no tax on earnings is paid. Banks as a business have the worst record of most businesses at the moment for lying and cheating people out of their money as confirmed by the heavy international fines placed on them by different countries Governments.

While maybe not illigal but it all stinks. Because Amazon, Google and other companies and the wealthy " ARE ALLOWED " this tax saving game, working people have in reality, to makeup the hole in tax that they should have paid.

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« Last Edit: August 29, 2016, 05:10:33 PM by boatyboy »

Online shortport

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Re: Time for the Corporations and superwealthy to pay up.
« Reply #50 on: August 30, 2016, 01:18:48 AM »
You're right Boaty boy maybe too much of a generalisation,but I get really fed up with the morality of this industry and the high wages it pays which corrupts its workers into becoming shallow and materialistic.Just look at the inappropiate cars on our narrow roads.Again maybe too much of a generalisation but i'm sure there are more down to earth people in communities without an industry based on greed.Then there are the millions if not billions of fines given to banks over recent years for everything from mis selling to banking for criminals.Maybe if bank workers were given prison sentences for wrongdoing it might focus their mind on what they are actually doing.Then we have our own civil servants ripping off the taxpayer on flights to Africa,to do what?Rip off poor Africans,by getting their mining companies to put their money in Jersey.This is something as a jerseyman I am not proud of.Then there is the Philip Green story and i'm sure plenty of others.
What is going on in our island and what it is being used for is nothing to be proud of.

Online boatyboy

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Re: Time for the Corporations and superwealthy to pay up.
« Reply #51 on: October 18, 2016, 06:32:05 AM »

The European Central Bank and the International Monetary Fund are both broke as is Italy, Greece etc etc.

When you print money as a Government ( QE ),  you are not dealing with the problem of debt,  you are pushing the problem along the line and eroding value of what is left and of value. It may be that by buying banking junk bonds to keep them from going under means you just have to print more and more money how can that be healthy sensible economics.

A Man that knows more than most says of the EU banking system,

The central bank already holds over €1 trillion of bonds bought at "artificially low" or negative yields, implying huge paper losses once interest rates rise again. "An exit from the QE policy is more and more difficult, as the consequences potentially could be disastrous," he said.

"The decline in the quality of eligible collateral is a grave problem. The ECB is now buying corporate bonds that are close to junk, and the haircuts can barely deal with a one-notch credit downgrade. The reputational risk of such actions by a central bank would have been unthinkable in the past," he said.

http://www.telegraph.co.uk/business/2016/10/16/euro-house-of-cards-to-collapse-warns-ecb-prophet/

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Online boatyboy

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Re: Time for the Corporations and superwealthy to pay up.
« Reply #52 on: February 22, 2017, 04:23:55 AM »

The families of people murdered by Mexican drugs gangs are suing HSBC, arguing the bank can be linked to the killings because it failed to stop cartels laundering the proceeds of their crimes, amounting to billions of dollars.

At the time of a regulatory investigation HSBC apologised for the failings and paid almost $2bn to the US authorities in 2012 to settle allegations that it did not properly implement anti-money laundering rules.
Documents filed in a federal court in Texas accuse the bank of “providing material support to terrorists” by “knowingly providing financial services to the Mexican drug cartels and laundering billions of dollars of their illicit proceeds”.

The documents say those resources were used in crimes including the murder of a US citizen and the torture of another US citizen

http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/12150598/Murder-victims-families-sue-HSBC-over-drug-gang-money-laundering.html

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Online boatyboy

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Re: Time for the Corporations and superwealthy to pay up.
« Reply #53 on: February 23, 2017, 01:03:03 AM »

The HBOS sewer of a business ( owned by Lloyds another british banking stink, and the FCA does nothing )

Lloyds should act honourably to fix the HBOS scandal

Compensation will be complicated but Horta-Osório has chance to repair his, and his bank’s, reputation.

https://www.ft.com/content/201bcb62-ec67-11e6-ba01-119a44939bb6

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