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PM Cameron admits disagreements with Brazil on some foreign policy issues

Saturday, September 29th 2012 - 08:38 UTC
Full article 61 comments

British Prime Minister David Cameron admitted that UK and Brazil did not agree in all foreign policy issues, but welcomed the existence of an open debate between the two countries. PM Cameron ended on Friday a two-day visit to Latinamerica’s largest economy to promote trade and investment. Read full article


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  • reality check

    No mention of the Falkland Islands I see.

    Sep 29th, 2012 - 09:01 am - Link - Report abuse 0
  • damian

    @1 I'm sure the Argentinian government will be wondering why their close partner and friend Brazil chose not to raise this 'global issue' on their behalf.

    Sep 29th, 2012 - 10:08 am - Link - Report abuse 0
  • Think

    (2) damian

    Who says they haven't?

    Sep 29th, 2012 - 10:25 am - Link - Report abuse 0
  • Islander1

    Think, if it was raised at all-as both are sensible leaders who look at the “bigger picture”- they would have just agreed to differ one some issues - and moved on to important topics.
    Outside Argentina - the issue is not really an issue.

    Sep 29th, 2012 - 10:49 am - Link - Report abuse 0
  • Beef

    Think - Do you honestly believe that Brazil really gives a toss about Argentina's apparent claim to the Falklands?

    Sep 29th, 2012 - 10:51 am - Link - Report abuse 0
  • Think

    (4) Islander1
    First paragraph; correct.
    Second paragraph; incorrect.

    (5) Beef
    Yes, I do.

    Sep 29th, 2012 - 11:02 am - Link - Report abuse 0
  • Anbar

    they certainly arent onboard for the so-called “demilitarisation” of the south atlantic (it would be a bit expensive for them to scrap all their new hardware and future plans) and I dont see them paying anything other than lip-service to the entire Argentine Malady.

    Essentially the more Argentina goes on about it, especially during a period where the Argentine economy is in difficulties, the less people listen.

    You cant keep repeating the same old, tired, tactic and not expect people to get sick & tired of hearing it.

    Sep 29th, 2012 - 11:13 am - Link - Report abuse 0
  • LEPRecon

    @6 - Think

    No the Brazilians don't give a toss about Argentina's colonial ambitions.

    The Brazilians give a toss about themselves and their future. They are moving away, politically, from the likes of Argentina and Venezula, and realise that if they play by the international rules, work hard, and make trade deals, they get alot of investment in their country.

    This in turn creates jobs, which in turn gives people money, which in turn makes people want to buy luxuries, which in turn helps the manafucturers of these goods who will supply more through import or building them in Brazil, who will in turn pay import tax and other taxes to the Brazilian government, which will allow the government to spend money on improving schools, infrastructure, hospitals etc... These are the things that the people of Brazil care about.

    That's how a good economy works.

    Not only that, but Brazil has moved leagues. They are no longer in the bottom division with the likes of Argentina and Venezula. They are moving fast through the 1st division, and it won't be too long before they are members of the Premier division.

    Brazil will soon be THE POWER in South America, not Venezula and definitely not Argentina. They will have the military might, the economic might and the diplomatic might.

    If they keep improving the way they are, they will soon be a world power, and when they speak, everyone will listen.

    It's a pity, because this is how Argentina could've progressed if you didn't keep voting in corrupt governments whose only ability appears to be mismanaging Argentina's economy into the toilet.

    Argentina is just the junior partner to Brazil. I know that hurts your Argentine pride, but you only have yourselves to blame.

    Sep 29th, 2012 - 11:44 am - Link - Report abuse 0
  • Smoko5

    Think do not waist your time! enjoy Cameron's comments:

    Sep 29th, 2012 - 11:55 am - Link - Report abuse 0
  • Xect

    Good post LepRecon, essentially Argentina is already Brazil's lap dog.

    Brazil has turned itself into a powerhouse economy whilst at the same time Argentina's economy has once again slipped into the abyss through political mismanagement and is once again on the verge of a complete collapse.

    Argentina needs to look at Brazil and Chile for guidance on how to run an economy and get rid of the lying corrupt government who has got filthy rich at the expense of the people. CFK's wealth alone has increased by 572% since taking power.

    Sep 29th, 2012 - 11:59 am - Link - Report abuse 0
  • Guzz

    That's it brits, lick some Brazilian boots, you'll need it. At the end of the day, the Brazilians are our allies, and no matter our differences, the differences with you lot are far greater :)

    Sep 29th, 2012 - 02:05 pm - Link - Report abuse 0
  • Xect

    Ah more indescribable nonsense! Its funny every time the UK does a deal with a country its 'licking its boots'

    Meanwhile back in the real world its Argentina that begs for every countries support not the UK.....

    Sep 29th, 2012 - 02:13 pm - Link - Report abuse 0
  • Englander

    Don't be childish.

    President Dilma Rousseff made some interesting points with regard to both Syria and Iran and I hope Mr Cameron listens.

    The main reason for the visit however was to boost trade and investment and was largely successful.

    Sep 29th, 2012 - 02:13 pm - Link - Report abuse 0
  • Guzz

    Indeed Englander, we both know who are the needy ones, there's a reason you lot are in SA today trying to score points :)

    Sep 29th, 2012 - 02:20 pm - Link - Report abuse 0
  • LEPRecon

    @14 - Guzz

    Brazil will soon be the major player in South America. They won't give a toss about Argentina and its colonial ambitions.

    The only thing Argentine politicians can do is lie and cry. And they're even sh!t at that.

    Brazil is going to look after number one. It's own people. And it is happy to deal with countries that keep to trade deals. Brazil is already upset with Argentina over its completely illegal protectionist trade policies.

    But they know that when they trade with grown up countries, that those countries will stick to the letter if any agreements.

    I foresee a time, in the not too distant future, where Brazil, Uruguay and Chile will have trade agreements with the Falkland Islanders. Selling them goods and services made in their respective countries.

    After all, the Falklands are soon to be very well off. No sensible nation would miss that trade opportunity.

    Sep 29th, 2012 - 02:34 pm - Link - Report abuse 0
  • Guzz

    You are right Lep, all this effort from the keft wing in order to get an FTA with the Malvinas... Take your issues with Argentina, the rest of us don't really care about anything else than the British presence in your case.

    Sep 29th, 2012 - 02:41 pm - Link - Report abuse 0
  • LEPRecon

    @16 - Guzz

    The where? The Mal what? Never heard of them. Do you mean the Maldives? If so what do they have to do with this?

    Sep 29th, 2012 - 02:46 pm - Link - Report abuse 0
  • Conqueror

    @16 Did you notice that Brazil has a strategic military agreement with Britain?

    Sep 29th, 2012 - 03:36 pm - Link - Report abuse 0
  • Troy Tempest

    @ Guzzle and Thick trolls

    Ha ha, you' Ve been“ pwned” by the Brits. Again!!

    Better employ your usual tactics to get your way. Blockade Brazil.

    Sep 29th, 2012 - 03:47 pm - Link - Report abuse 0
  • Guzz

    Yes Troy, I feel terribly out-witted. Standing here in amazement and awe...

    Sep 29th, 2012 - 04:41 pm - Link - Report abuse 0
  • Musky

    Think and @16 Guzz
    You only care about the brits in the falklands. Seems like you are the only ones. Brazil does not care and she is your best bosom buddy. Your list of allies grows short (as Lord Elrond would say).

    Sep 29th, 2012 - 04:46 pm - Link - Report abuse 0
  • Beef

    Guzz - Brazilians allies. What are they enemies of the UK or something? I missed that one.

    Think - I see you are also afflicted with the Argentine delusion gene. It must be a dominant and on the X chromosome because your leader has it as well.

    Brazil is interested in Brazil and has taken no actions against the UK to make me think otherwise. In fact it is welcoming British manufactures into the country the likes of JCB for starters.

    The OG called into a Brazilian port and the LE sailed unimpeded through Brazil's EEZ.

    Care to show me some actions that suggest otherwise?

    Sep 29th, 2012 - 06:52 pm - Link - Report abuse 0
  • Yuleno

    Brazil will soon be the major player in South America. They won't give a toss about Argentina and its colonial ambitions.
    That is what you said.About Brazil.Not Bolivia,Ecuador, or Guyana.
    Do you know what you are talking about.Are you short of time or is it that you just like sounding knowledgeable.

    Sep 29th, 2012 - 06:54 pm - Link - Report abuse 0
  • briton

    Brazil among others is new growth,
    New branches on an otherwise very old tree,
    A strong powerful and democratic tree,

    On the ground wriggles the evil bad nasty twigs and rotten branches that have fell by the wayside,
    North Korea , Iran , Somalia to name but a few,
    And of course one or two bad rotten dyeing branches falling throw this mighty tree, on their way down to the ground,
    Like Argentina, Venezuela's Columbia , ect,
    Now does brazil, hang on in there, and grow with this democratic tree,
    Or will she allow the falling, Venezuela's and, Argentines evil branches to pull her down with them.

    Long winded perhaps, but time waits for no man, and the evil argie bloggers will throw hate and spite , envy and jealous all the way down,

    Brazils choice, Brazils future,
    Let them choose,

    Just an opinion.

    When the wind blow foul,
    The good leaves will cover the smelly ground …??

    Sep 29th, 2012 - 07:26 pm - Link - Report abuse 0
  • LEPRecon

    @23 - Yuleno

    Do you deny that Brazil is currently the best performing economy in South America right now?

    Oh yes, you're an Argtard, so you believe your government when they tell you that Argentina has the best fiscal policies ever.

    Tell me, Yuleno, just how many US dollars do you have? Is it the 1,700 that your president tells everyone that each Argentine has?

    On the other hand Rousseff doesn't make outlandish statements to the world press. Her government doesn't steal companies and call it nationalisation.

    Her country is buying military hardware. Some of it from Britain. Her country is attracting investors and business to set up shop in Brazil. Her country has attracted investors to help Brazil drill for oil and gas off-shore.

    Argentina's government releases lots of statements to the press, but always seems unable to follow through on it's boasts.

    Remember when they said that the Chinese would be investing in YPF? Then it was the US, then it was the Russians, then it was Venezula, and now your going cap in hand to the British.

    Remember when Argentina's government said it would sell fishing licenses for Falklands waters? Against international law, now many takers did they have? One? No it was none, wasn't it?

    Remember when Argentina's government threatened to bring legal action against companies investing in FOGL? Once again it was just hot air, because Argentina has no legal jurisdiction over the Falklands or its EEZ.

    Face it, Brazil is a country with a future. Argentina is stuck in 1833 wallowing in lies and half-truths.

    That is why in the not too distant future, Brazil will be calling the shots in South America, probably in partnership with Chile. Even Peru is turning itself around, and attracting investment.

    No one in their right mind would invest in Argentina. And soon because of your own governments policies, you will be completely locked out of the international money markets.

    But that's fine. TTT says that Argentina doesn't need anyone. :-D

    Sep 29th, 2012 - 09:07 pm - Link - Report abuse 0
  • Yuleno

    Straws LEP.If you were a worm you would wriggle -
    Brazil will soon be the major player in South America. They won't give a toss about Argentina and its colonial ambitions.
    You said this didn't you.
    In post 15 on this thread
    Not right is it.

    Sep 29th, 2012 - 09:47 pm - Link - Report abuse 0
  • Zhivago

    Thirty years ago when I was starting university all the recruiters were saying, learn Spanish, study Latin America, they are going to be the next superpower. Then it was buy mutual funds investing in Latin America, the way things are going you'll be rich in no time. Somehow Latin America blew it and it looks as though they are going to continue on in that fashion well into that distant future. There was once a lot of promise but until you people elect some stable, decent governments you will remain nothing more than a dream! Pull up your socks before its too late!

    Sep 29th, 2012 - 10:50 pm - Link - Report abuse 0
  • Islander1

    Yuleno/Guzz. 40-50years ago Arg was indeed No 1 economic power in S.America. reality in 2012 is that just SaoPaulo State on its own has same economic GDP as the whole of 2012 Argentina!
    That is why Brazil is now No 1 in S.America and No 6 in the world - and in 25 years perhaps about No 3 in the world perhaps.
    Of course Barzil does not see eye-to-eye withj Uk on all foreign affairs matters - does any country see eye-to eye with any other country in the world? hell even UK and USA dont agree on everything by a long way!!
    But serious nations like Brazil put things into proper context and place - and GET ON WITH LIFE!
    I would advise learning Portugese though!

    Sep 30th, 2012 - 01:21 am - Link - Report abuse 0
  • Guzz

    What is your point? Brazil is an ally of ideologies and a very important player in the international scene. We are quite aware of the fact that your ruined economy are much dependant on Brazil nowadays and even more so in the future. But that makesBrazil your Daddy, not your ally :)

    Sep 30th, 2012 - 07:49 am - Link - Report abuse 0
  • johnfarrel2050

    Brazil knows that uk is a pirate nation therefore this country supports the position of Argentina about Malvinas. All South America, and a lot of countries in the world know that the Malvinas Islands were stolen by uk. Please cameron don´t try to convince Brazil of all the lies of uk. Brazil is a great country and doesn´t believe in the lie of uk. Cameron, perhaps Brazil wants to make some bussiness with you, and this can help the weak growth uk economy, but this great country (Brazil) doesn´t want to believe in your lies about Malvinas.

    Sep 30th, 2012 - 08:15 am - Link - Report abuse 0
  • reality check

    You two can whinge, pontificate and otherwise distort the facts as much as you you like. The facts speak for themselfs and the facts are, he was there as a guest of the Brazilian governments and did business with them neither you nor anyone else outside of Brazil can do jack shi..e about it.

    Sep 30th, 2012 - 08:39 am - Link - Report abuse 0
  • Xect

    @28 - Who's ruined economy? The guy isn't from Argentina you know.......

    @30 - Too bizarre for words. When you say the world, I think you mean Argentina. Nobody else shares your warped views. You're an Argentine trying to speak for the people of Brazil and the world LOL!!!

    Get over it these other countries simply don't care about your fictitious claim to a set of islands you have never owned otherwise they'd not be welcoming the British and seeking their business.

    Remember actions speak louder than words and Brazil's actions clearly support friendly relations with the British, I mean why wouldn't they? The British can be far more useful to Brazil than Argentina is to it. I'm not suggesting Brazil is taking sides but I am suggesting Argentine influence has reduced to such a level Brazil no longer cares what it thinks.

    Sep 30th, 2012 - 09:15 am - Link - Report abuse 0
  • reality check

    Very true, why would or should Brazil care about Argentina. Brazil is streets ahead both on the economic and diplomatic world scene. It is quite simply in a different league to Argentina. Brazil is just acting like a mature nation, listening to the concerns of a neighbour, feigning concern and doing just enough to placate them, then getting on with what really concerns Brazil, Brazil.

    Sep 30th, 2012 - 09:35 am - Link - Report abuse 0
  • Guzz

    Brazil shares interests with UK, economical ones. Ideology-wise, she is with us, literally. Nothing you say or try to distort will change that fact. Continue your boot licking, we love it :)

    Sep 30th, 2012 - 11:04 am - Link - Report abuse 0
  • reality check

    Shades of the Green Eyed Goddess there. What I find particularly satisfying about this story, is the fact that there is not a damn thing they can do about it. What, where and whom Brazil trades with is Brazils business. This must really iritate some people, marvelous, worth the trip all that way, for that alone, any economic benefit is just a welcome bonus.

    Sep 30th, 2012 - 12:55 pm - Link - Report abuse 0
  • Guzz

    Hahaha rc! Like dealing with the devil was something new to us :)

    Sep 30th, 2012 - 01:00 pm - Link - Report abuse 0
  • reality check

    He must be the only one YPF have not approached for investiments as of yet.
    Guzz, your a bloody economic genius! can not believe they never thought of that before, and cheap repayment terms too, only 40 million souls.

    Sep 30th, 2012 - 01:15 pm - Link - Report abuse 0
  • Guzz

    :) the day your leaders dies, will be the day the devil truly is in doubt of whom the devil really is...

    Sep 30th, 2012 - 01:37 pm - Link - Report abuse 0
  • Think

    British Business and politics as usual....

    Sep 30th, 2012 - 03:09 pm - Link - Report abuse 0
  • toooldtodieyoung

    38 Guzz

    You know what Guzz baby, you need to stop sounding like a fortune cookie. please try and think for yourself.

    39 Think

    Well it's news isn't it? what a minute, not it isn't!!!

    Of course, we must try the Argentine way of doing business, that is to lie and cheat and steal, sign agreements we have no intention of sticking to and then whine and moan when we are asked to pay up or stick to the rules........


    Sep 30th, 2012 - 03:18 pm - Link - Report abuse 0
  • DanyBerger

    Meanwhile in the real world...

    JCB invest in Brazil and not in UK or F@ckland what will produce revenues and jobs for Brazilians and profits to the owners that will put into an Offshore account provided by HSBC, Barclays, etc in Hong Kong, Panama or Jersey Isle of man, etc. To make more investments abroad and not in UK, so No benefit for the taxpayers that pay the salary of KaMoron.

    Idiots Brits with chip in their shoulders applause as usual thinking that this is good for falling Britain.

    Sir Anthony Bamford complains about the bad policy of KaMoron...

    “Sir Anthony suggests the UK Govt intransigence on employment has also played its part.

    “In Germany, our people have carried on working and do two days for us, while the state pays for the other three. There are similar arrangements throughout the EU,” he says. “We've talked to Mandelson and to others who might be elected but it's something they just don't want to tackle. Mandelson's attitude is that it would be fiddled.”
    The JCB boss dismissed that argument, pointing to the success of schemes at companies including Daimler in Germany”

    Comment for necons idiots: Oh! It is not similar to what Cristina did in Argentina?

    “He also has a message for those in Westminster, including Conservative leader David Cameron, to whose party he donated £1m in the run up to the last general election.

    “Politicians should acknowledge that you cannot exist as a nation like ours just on the services sector and invisible exports. You can't exist just from people flipping hamburgers; you have to manufacture,” he says.”

    Next plant to be open by JCB would be in Argentina perhaps?... following the strategy of John Deer who has opened recently a new plant of USD 130 millions in Rosario to manufacture machinery in Argentina?

    Seem Queen Cristina policies work just fine

    Sep 30th, 2012 - 03:20 pm - Link - Report abuse 0
  • Guzz

    Lol tool, for you I'm merely a cookie, no fortune your way according to the prognostics :)))

    Sep 30th, 2012 - 03:20 pm - Link - Report abuse 0
  • DanyBerger

    @ Think

    Mr. Think a very interesting article from the Independent about politic and Business as usual.

    Do you think that this is another typical scandal involving corruption and govt. favours exchanging to generous donor Banana republic style?

    Or it is just my imagination?

    Sep 30th, 2012 - 04:05 pm - Link - Report abuse 0
  • Think

    (43) DanyBerger”

    Just your imagination, Mr. DanyBerger.....
    As the LIBOR scandal, Mr. DanyBerger, just y/our imagination.....
    As Tony Blair's fortune, Mr. DanyBerger, just y/our imagination.....
    As Mark Thatcher's fortune, Mr. DanyBerger, just y/our imagination.....

    Sep 30th, 2012 - 04:36 pm - Link - Report abuse 0
  • Islander1

    Guzz- 29- My point was that Brazil does not need to do whatever CFK syas - Brazil can tell Arg to get lost and day it choses! Naturally Brazil chooses not to do so 100% as Brazil does a lot of trade with Arg which would be silly to loose.
    But Brazil is a big and growing player on the International economic and political scene- Argentina is not- end of story.
    UK econo,my is not actually “in ruins” as you say! In the doldrums maybe a dd recession - why?
    No 1- due to the Big Banks bugger up a few years ago - the fault of a series of Govts allover the world- and us millions who also borrow more on plastic than we can afford to repay!
    No2 - just start to recover from that and then -wham- tits up goes the Euro as a resuly of years of equally overspending what they have not got to repay.
    That was NOT - UK,s fault(UK is even helping bail some of then out with cash!) - but as we are in the Europe Trade Block our economy is badly hit as so much of its trade is to and from the Euro countries.
    So good idea Cameron - look for increasing trade OUTSIDE Europe - Brazil - China for just 2. Landrover are building their first ever factory outside UK as well - guess where - in China!

    Sep 30th, 2012 - 09:01 pm - Link - Report abuse 0
  • Guzz

    And you think the multinationals are moving to China on an odyssey to save your arses? They couldn't care less of your fate and what you are describing is a mass exodus of employments...

    Sep 30th, 2012 - 09:10 pm - Link - Report abuse 0
  • Xect

    Ah Dany's at it again. I'm sure that argument worked in your head but unfortunately there is far more to business than your post would suggest.

    The aim of JCB is to sell more machinery for more profit at less cost to increase their competitiveness with the likes of CAT would you not agree?

    Ok so here's how it works very simply, the UK is too expensive to manufacturer lower cost items in so we choose to do it in countries that have good tax systems, fair legal systems and educated work forces. I.e. the work gets outsourced from the UK.

    This is how modern business works and this is exactly the same reason China has expanded at such a high rate.

    And the offshoot from this is JCB becomes more competitive, makes more profit which in turn means the tax payer earns more, shareholders get paid more and the company grows. And before you suggest again the money gets put in a hidden account somewhere, may I remind you this is the UK not Argentina.....

    Sep 30th, 2012 - 10:12 pm - Link - Report abuse 0
  • Islander1

    Guzz- where do you think a lot of those componests that go to make a JCB or a Landrover Rangerover are made (some yes in Brazil and Chile OK - but where are a lot of the others made?
    Give you a clue - 2 letters one is G.

    Oct 01st, 2012 - 12:21 am - Link - Report abuse 0
  • DanyBerger


    Sure mate UK is not like Argentina because is even worse... ha ha ha ha

    So JCB will pay taxes to Brazil, salaries to Brazilians the revenue will be counted as GDP of Brazil, the workers will spend the money in Brazil and then if JCB Brazil will not transfer earning to UK you hardy will get 1 penny of that.

    In fact may be JCB will report loses or a new investment in Bolivia and KaMoron will offer them a bailout or more tax incentives, after all KaMoron uses taxpayers money to make world wide publicity for them.


    G? Ger Many?

    Or Chi NA, IN DIA, etc, etc.

    Ha ha poor naives

    Oct 01st, 2012 - 12:21 pm - Link - Report abuse 0
  • Condorito

    The JCB plant is only for assembly.
    JCB won an order to supply the Brasilan gov't with machinery. The high value work is to be done at JCB's UK plants, the sub-assemblies shipped to Brazil and the final assembly done in Brasil.

    It is a good deal for the UK.

    I think Toyota has a similar set up in Argentina for the Fortuner. The high value engineering and engines come from Brazil, then the assembly is done in Argentina.

    Oct 01st, 2012 - 01:55 pm - Link - Report abuse 0
  • briton

    Put it this way,
    whats good for britain,
    is not so good for CFK..

    Oct 01st, 2012 - 02:16 pm - Link - Report abuse 0
  • Xect

    Poor old Dany he still doesn't understand how economics work.

    So lets put Dany's version of economics to work. So JCB setup a plant in Brazil in which they will not receive any income or profit? Some interesting logic there where JCB sets up a factory it can't make any profit from.

    Oct 01st, 2012 - 05:08 pm - Link - Report abuse 0
  • Britworker

    The argies are so bitter about this, not only are we about to pull lots of oil out of the sea right next door to them, our Prime Minister is sipping champagne and conducting trade deals with their so called closest ally just over their border. I bet tinpotman has got the smelling salts and fanning turkey necks brow as we speak.....hehe. Oh sorry, jajajajajaj.

    Oct 01st, 2012 - 05:19 pm - Link - Report abuse 0
  • briton

    anyone noticed a changes in the page set up.

    Oct 01st, 2012 - 06:06 pm - Link - Report abuse 0
  • Guzz

    Sipping champagne agreeing political differences. We can all agree that we disagree :))

    Oct 01st, 2012 - 06:10 pm - Link - Report abuse 0
  • Fred

    @24 briton: I believe that Brazil will do like any other major player in the world by being a democracy despite the fact it trades with dictator regimes such as Venezuela. Actually it already does. Try to find some numbers about billateral trade among Brazil and Venezuela and you will know why Brazil doesn't care about Chavez methods. It's a “they buy our products and that's what matters” policy.

    Oct 01st, 2012 - 10:07 pm - Link - Report abuse 0
  • briton

    we trade with russia and china .
    we did buy oil of Iran.

    the world will always trade, one way , or another .

    Oct 01st, 2012 - 11:26 pm - Link - Report abuse 0
  • DanyBerger


    Meanwhile in the real world JCB is cutting jobs in UK since started its expansion in Emerging countries

    Since 2008 JCB have been cutting and payments...

    Digger firm JCB to axe 500 workers

    JCB to cut 700 jobs

    CB lays off 200 agency workers at Rocester headquarters

    @ Xect


    Even if Sir Anthony Bamford has the money in cash in his account in Bahamas, Jersey, Panama, Switzerland, or even UK (I hardy believe that) the investment is made through banks loans from UK and locally in Brazil.

    And may be he uses a hidden auto loan to gain some extra interest in the process.
    So the company in Brazil even if successful in sales will be reporting loses from around 5 years because the company will be paying back the loans (even from its self) and as long time investment takes several years to get production equilibrium to get profits.

    So in 5 years the company may be will be reporting profits and if the company sends this profits to UK as royalties for shareholders UK will only get a little tax income over it. But they can move this profits to other places like in Tax paradise and UK will never get 1 penny of it. Or they can desire to reinvest that money in Brazil or or or...

    Or they can cheat Arm's Length Mechanism and sell cheap close to none profit from UK to Brazil to avoid the payment of higher taxes in UK.

    Meanwhile UK has to rise taxes to middle class and cut over basic service for the poor while treasury looses 20bn Pounds in tax revenues

    You are so smart mate, I understand now why Britain in going down though the drains like water from flashed toilette.

    Oct 02nd, 2012 - 08:26 am - Link - Report abuse 0
  • Yuleno

    All well said Berger.

    Oct 02nd, 2012 - 12:53 pm - Link - Report abuse 0
  • DanyBerger


    These idiots poor versions of conservatives Tories in disgrace think they know how real economy works. But they don't because are useful tools to be raped by Ponzy bankers.

    Oct 02nd, 2012 - 05:37 pm - Link - Report abuse 0
  • Yuleno

    Ha ha ha Danny.i know but you say it better.Even Cameron was disappointed visually but I bet he was thrilled to get his pay-off for good work in corrupt business.Connections you know.

    Oct 02nd, 2012 - 06:13 pm - Link - Report abuse 0

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