MercoPress. South Atlantic News Agency
British Overseas Territories tax havens hold £ 4 trillion, claims Oxfam
People using tax havens have deprived governments worldwide of £100 billion in revenue, enough to end extreme poverty twice over, according to new figures published by Oxfam. The total amount of lost tax revenue is far higher than £100 billion, as the figure only includes tax dodged by individuals, and not companies. Read full article
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Disclaimer & comment rulesSo if that money had been collected by governments, there would now be no more poverty?
May 24th, 2013 - 09:09 am - Link - Report abuse 0Tax Havens need to be sorted out quite agree- but she lives in a fantasy world if she thinks it would save the hungry world!! Even WITH Tax Havens the despot leaders of many of these poor nations of hungry people - still live in opulence with private jets etc!
May 24th, 2013 - 11:45 am - Link - Report abuse 0What a load of cods. Where is the evidence? Not even an example. And this is all by individuals? This is fishing. And completely reprehensible fishing as well. The UK is the ONLY country seeking to meet the UN target of 0.7% of GDP in foreign aid. Who's giving US foreign aid? Despite fighting, supposedly, on the same side, the United States insisted that Britain pay for all that it sent. And, eventually, we did. And there are still countries, like argieland, that owe US money.
May 24th, 2013 - 01:06 pm - Link - Report abuse 0Islander1 Are you sure that you should be talking about CFK that way?
May 24th, 2013 - 01:25 pm - Link - Report abuse 0Mark - Yes she is a classic case with the standard of living for so many poorer Argentines going downhill and how much has her and her cronies offshore bank accounts grown during the same period! - at least she cannot fly outside S.America in her jet though!!
May 24th, 2013 - 01:44 pm - Link - Report abuse 0I see a major advocate-group lawsuit (where individuals, or in this case, entire nations), take the UK to court for being ACCESSORY to tax fraud, evasion, money laundry, drug money, weapon money, dictator money, and much more. FOR DECADES.
May 24th, 2013 - 01:47 pm - Link - Report abuse 0All these little islands are now coming back to hunt the brits.
1 trilion of your own debts painful to pay back already in the endless British austerity? You will think of this time today as heaven when you have to pay the other nations 4 trillion back, for all the lost taxes your little islands being OFF THE RULE OF LAW caused.
In fact, you could probably be sued not only for causing, but also prolonging the economic crisis in many of these countries too, by allowing their companies and richest citizens to avoid all taxes, thus forcing massive austerity and recession upon them (when there was no need had those people paid taxes).
UK is about to get the financial version of Moctezuma's revenge. Well deserved.
“British Overseas Territories tax havens”
May 24th, 2013 - 01:58 pm - Link - Report abuse 0British pirates still find the way to keep their old businesses going.
It seems to me she is on a fishing expedition without prior knowledge it exists in these territories, only for the fact Cameron recently made a statement asking 10 territories to get their house in order ALERTS the attention of speculators or in sum cases IDIOTS who are anti Brit, believing that they're not complying with the rules, hense why Mr Cameron urged them to sign international protocols designed to allow tax information to be shared....
May 24th, 2013 - 02:03 pm - Link - Report abuse 0@7
May 24th, 2013 - 02:10 pm - Link - Report abuse 0Good point. I had not thought of it that way.
I guess it is true a leopard never changes his spots. Thieving pirates will forever remain thieving pirates. They just play a different game.
Argentina to become a magnet for global money-laundering.
May 24th, 2013 - 02:54 pm - Link - Report abuse 0The government of President Cristina Kirchner is behind the proposal. Lawmakers there are considering a measure that would give amnesty to anyone who wants to pull undeclared cash out of tax havens and deposit it in Argentinian banks. And there’s a lot of that illicit cash floating around Argentina, thanks to all of the organized crime, drug trafficking, illicit trading, fraud and political corruption in the region. Crime groups and cells of terrorist organizations like Hezbollah have long made the country a kind of Wild West for criminal activity. The tri-border area Argentina shares with Brazil and Paraguay is considered the largest illicit economy in the Western Hemisphere.
So your condemning Tax havens while setting one up yourself. Typical Argentinean double standards.
It seems you become agitated about double-standards, hypocrisy, and the like.
May 24th, 2013 - 03:03 pm - Link - Report abuse 0So now you know why most of the world can't stand the guts of Europe and the USA. You have been doing that for generations.
Here we go again, an Arogantine speaking on behalf of the world.
May 24th, 2013 - 03:18 pm - Link - Report abuse 0The world supports our sovereignty claim.
The world supports us in the UN.
The world does not recognise the Falkand Islands referendum result.
The world can not stand your guts.
Change thr record, your wearing the grooves out on that one.
@11 easy to play the victim hense why the CFK government thinks it's ok to make money-laundering legal... My advice to tax payers (trolley dolly excluded) to refuse paying tax until the current government are replaced - motion of no confidence -
May 24th, 2013 - 03:24 pm - Link - Report abuse 0Poor old troll..
May 24th, 2013 - 04:51 pm - Link - Report abuse 0He gets his arse handed to him on a plate time and again, message thread after message thread, he spouts utter utter shit and when it's proven he is either a retard or compulsive liar he moves to the next thread and starts again.
Firstly, Britain in austerity has massively higher GDP, GDP per capita, and levels of wealth than Argentina, and massively lower levels of poverty, crime and corruption.
In fact Britain is one of the richest and most prosperous countries in the world, and Argentina is no where near.
Secondly, Britiain has never once missed a debt repayment, on another thread Trolley thinks that when you borrow money, the lender should have a 50% risk of you never paying it back....Argie style economics.
When you lend Britain money (or more usually when Britain lends itself money), history tells you, you have a 100% chance of getting it back.
As for his “lawsuit” idea...what a fucking retard he is....
Toby is getting carried away with writing his Tarantinoesk Argie revenge fantasy epic – Inglorious Gaucho Bastard Unchained.
May 24th, 2013 - 05:58 pm - Link - Report abuse 0Please post a link to the trailer when ready, should be f++kin hilarious.
@15
May 24th, 2013 - 06:44 pm - Link - Report abuse 0Don't know about the film, but the sound track would be Shaggy's “wasn't me”
-Genocide of Amerindians
Wasn't me
-harbouring Nazis
Wasn't me
-Invading the Falklands
Wasn't me
-morally bankrupt
Wasn't me
- economic collapse
Wasn't me
-don't pay debts
Wasn't me
Caught red handed thieving from everyone
Wasn't me
LOL
16 lol
May 24th, 2013 - 06:50 pm - Link - Report abuse 0Luxembourg, Heligoland, Jersey, Guernsey, Isle of Man, Alderney... Tax havens aren't only in the BOT. The Falklanders should start a bank for Rg $. They would be stashing those illegal $ by the barrowload. Just make a law that you can bring in as many $ as you can carry and all those Rg yachts and motor cruisers will be winging their way over. They could then stock up with toilet rolls and Waitrose ready meals for the return journey. Just bribe what passes for Rg customs. Replicate what goes on over the River Plate but instead you are depositing with a trustworthy British backed bank. :-)))
May 24th, 2013 - 07:14 pm - Link - Report abuse 0As for the latest epistle from Toby/Trolley/Chicuero whatever lol, what a dickhead!
Actually The Falklands did consider setting up Offshore Banking about 40 yrs ago - binned it when we figured most of the mony we would attract woulf be shady murky stuff from the seedier side of S America!
May 24th, 2013 - 09:11 pm - Link - Report abuse 0Marcos as usual off target and up a tree - It is NOt so much British who are acting as modern day pirates hiding their money - Mostly other nationals - including I suggest a far bigger population % of Argentines do it than the Brits! Ohterwsaie WHY the current amnesty no questions on encouraging Argentines to return their offshore dollars?
And anyway the lady has yet to come out with facts from any of these Territiories - so far just headline screeching - and she looks the part.
17 Condorito
May 24th, 2013 - 09:37 pm - Link - Report abuse 0Excellent idea that would only be let down by the shortages in The Dark country:
Inglorious Gaucho Bastard Unchained:
An 'epic' of a whole five minutes because the electricity was cut and they couldn't finish the film.
The Gaucho has suffered a few cut-backs as well:
He has no horse since he had to eat it because he could not live on 7 pesos a day despite what INDEC says.
He has found out that he is not a bastard after all:
His mother had married Timmerman but couldn’t stand the whining and crying from him and left. That is why his dick hurts: he was circumcised with a gaucho knife that hadn’t been boiled or sharpened and lost half his knob due to the knife slipping and the ravages of the infection that came after it.
Unchained hasn’t quite worked out either:
They lost the key to the lock and he can’t get out of the chain.
BUT the good news:
He is definitely ‘Inglorious’ and proud of it.
So they are so pleased with the result that they are going to enter it in the film matinee at the local flea pit in Mendoza and TTT is going to be the ice cream girl at the interval complete with short skirt, stockings and as a special treat: no knickers. He knows it will only be two and a half minutes into the film but he is happy to be recognised for his real talents after all.
LOLs :o)
A word of warning with Oxfams figures . I am not saying they are completely incorrect , but they do have a habit of exaggerating to make a point .
May 24th, 2013 - 10:21 pm - Link - Report abuse 0So much homosexual talk here. Now I live in a country with more tolerance than all of Latin America and Europe combined for religions, alternative lifestyles and other races, but I am still straight and this kind of same-sex language does not belong in this forum of political debate.
May 25th, 2013 - 06:03 pm - Link - Report abuse 0You have other forums for that, Condorito and Chris.
@22 What's the matter, diddums? Big people's talk too much for you? Perhaps you'd just like to carry on with your daydreams and unfounded accusations? Here's a thought. If you can't cope, go away. Make yourself feel better. Change your name again. Let me help. Go to “The Hobbit”. There's lots about trolls in there.
May 25th, 2013 - 08:38 pm - Link - Report abuse 0@Monkeymagic
May 27th, 2013 - 03:43 am - Link - Report abuse 0“Firstly, Britain in austerity has massively higher GDP, GDP per capita, and levels of wealth than Argentina, and massively lower levels of poverty, crime and corruption.”
Well partial truth due to a super overvalued currency. But you forgot to mention that UK has the biggest Debt in the world after US.
“In fact Britain is one of the richest and most prosperous countries in the world, and Argentina is no where near.”
Lie, Britain is broke and there is nothing prosperous there let’s say until 30year to come at least.
“Secondly, Britiain has never once missed a debt repayment, on another thread Trolley thinks that when you borrow money, the lender should have a 50% risk of you never paying it back....Argie style economics.”
Lie again, Britain was one of the first nation in the world to default and refused to pay debt on purpose to bankers like her did to the private bankers of Northern Italy that produce a major chaos in Europe.
Edward IV introduced a special customs tax to collect money from Medici export wool business from England until the entire debt may be paid back. That never happened and the Medici branch in London lost about 51,533 gold florins.
Lesson: Never give a loan to English Pirates they will never pay it back.
OXFAM investigate tax avoidance, an exercise in naivety (they nicked the data and messed it about basically). Bit like INDEC really.
May 27th, 2013 - 11:35 am - Link - Report abuse 0http://www.oxfam.org.uk/media-centre/press-releases/2013/05/tax-haven-cash-enough-to-end-extreme-poverty
Conqueror: twice here you surprise me. Pleasantly at #23 where you stand up to homophobia, when usually you're the one pushing it =) But a #3 you seem to make a super-patriot defence of tax havens, when in fact they're ripping off US, the British people!
Jun 02nd, 2013 - 06:52 pm - Link - Report abuse 0Commenting for this story is now closed.
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