Praise for PM Cameron statements that BOT should not be described as tax havens

Thursday, September 19th 2013 - 07:47 UTC

Full article 8 comments

Gibraltar’s Chief Minister Fabian Picardo and other leaders of the British Overseas Territories have welcomed remarks by the Prime Minister David Cameron that Overseas Territories should not be described as tax havens. Read full article

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malen
right no more tax heavens...now tax dens (guaridas)
Sep 19th, 2013 - 11:42 am - Link - Report abuse 0
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Briton
???
very clever, no flies on you old chap..
Sep 19th, 2013 - 11:55 am - Link - Report abuse 0
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Conqueror
And the “taxes” in argieland are what? Only if they can't be evaded? Taxes on government “ministers”? And what about all those US$millions CFK doesn't mention? The underground vaults. The bulging suitcases and holdalls. Never mind. Your payoffs will keep you quiet, won't they? Until we get there. Ever experienced a few hundred volts through your tongue, fingers, dick, nuts and toes at the same time? Perhaps we'll shove an electric probe up your butt as well. Coming for you!
Sep 19th, 2013 - 03:09 pm - Link - Report abuse 0
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Think
Right……
We shouldn’t call them British Overseas Tax-Havens…..

British Overseas Tax- Burrows would be much more appropriate…

Or British Overseas Tax-Dens…

Or British Overseas Tax Haunts……

Or British Overseas Tax-Hideouts………

Or British Overseas Tax-Lairs............

Or British Overseas Tax-Setts..............

Or British Overseas Tax-Warrens................
Sep 19th, 2013 - 05:28 pm - Link - Report abuse 0
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agent999
Careful now Think - best not to overtax yourself at your age !
Sep 19th, 2013 - 08:11 pm - Link - Report abuse 0
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rupertbrooks0
The Prime Minister is perfectly correct. None of the overseas territories are on the OECD blacklist, unlike Uruguay. All meet the standards of international cooperation and transparentcy.
Sep 19th, 2013 - 10:42 pm - Link - Report abuse 0
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Conqueror
@4 Well, consulted a thesaurus, did you DumDum? Argies engage in massive tax evasion. It's a “game”. How much can an argie “get away with”? Now there is a tax amnesty. That makes the corrupt argie government complicit. Argieland is headed for the global blacklist. “the common shorthand description for the Financial Action Task Force list of ”Non-Cooperative Countries or Territories” (NCCTs). Being blacklisted could lead to financial countermeasures against Argentina. In 2011, FATF placed Argentina on its notorious “Grey List” of nations that have “failed to comply with international efforts to stem money laundering and financing of terrorism.” Look at that, argieland is halfway there. And some dumb dago points a finger at a British territory!
Sep 20th, 2013 - 10:40 am - Link - Report abuse 0
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Think
TWIMC….:

The Leaders of , Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Falkland Islands, Gibraltar, Montserrat and Turks & Caicos Islands say…:
“....Our territories are well regulated, independent financial services jurisdictions, and play an integral role in facilitating global business. We will continue to lead on meeting international standards of tax and transparency,” said the territories’ leaders.

I say…:
No Sirs, the US Congressional Research Service and the Organization for Economic Development and Cooperation (OECD) tell us in their report from January 23, 2013 that you are Tax-Havens...:

”Tax Havens: International Tax Avoidance and Evasion…. Page 4…:
Table 1. Countries

Caribbean…:
***BRITISH OVERSEAS TERRITORY OF ANGUILLA***, Antigua and Barbuda, Aruba, Bahamas, Barbados, *** BRITISH OVERSEAS TERRITORY OF THE VIRGIN ISLANDS***, ***BRITISH OVERSEAS TERRITORY OF THE CAYMAN ISLANDS***, Dominica, Grenada, ***BRITISH OVERSEAS TERRITORY OF MONSERRAT***, Netherlands Antilles, St. Kitts and Nevis, St. Lucia, St. Vincent and Grenadines, *** BRITISH OVERSEAS TERRITORY OF THE TURKS AND CAICOS ISLANDS***, U.S. Virgin Islands.

Europe / Mediterranean…:
Andorra, ***CHANNEL ISLANDS (GUERSNEY AND JERSEY)***,
***BRITISH OVERSEAS TERRITORY OF GIBRALTAR***,Cyprus, ***ISLE OF MAN***, Ireland, Liechtenstein, Luxembourg, Malta, Monaco, San Marino, Switzerland.

North Atlantic…:
***BRITISH OVERSEAS TERRITORY OF BERMUDA***.

Sources:
Organization for Economic Development and Cooperation (OECD) Towards Global Tax Competition.
Dhammika Dharmapala and James R. Hines, “Which Countries Become Tax Havens?” Journal of Public Economics, Vol. 93, 0ctober 2009, pp. 1058-1068.
Tax Justice Network, “Identifying Tax Havens and Offshore Finance Centers.
http://www.fas.org/sgp/crs/misc/R40623.pdf

Ps:
Anybody noticed how many ***“BRITISH OVERSEAS TERRITORIES”*** they where on that list?
Chuckle chuckle......
Sep 20th, 2013 - 03:47 pm - Link - Report abuse 0
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