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Looking back on time: when Garcia Margallo championed for Melilla and Ceuta as tax havens

Friday, September 20th 2013 - 19:38 UTC
Full article 15 comments

Spanish Foreign Minister José Manuel García-Margallo has long been a vocal critic of Gibraltar’s competitive tax framework, denouncing the Rock as “a tax haven” despite its recognised compliance with international standards set by the EU and the OECD, among others. Read full article

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  • Think

    TWIMC….:

    The Leaders of Gibraltar, Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Falkland Islands, 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.”

    I say…:
    No Sirs...; the US Congressional Research Service and the Organization for Economic Development and Cooperation (OECD) tell us in their report (page 4) from January 23, 2013 that you are…:
    ”Tax Havens”
    International Tax Avoidance and Evasion
    Table 1. Countries Listed on Various Tax Haven Lists
    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)***, Cyprus,
    ***BRITISH OVERSEAS TERRITORY OF GIBRALTAR***, ***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

    Sep 20th, 2013 - 07:51 pm - Link - Report abuse 0
  • Redrow

    Jeez Think - it's Friday night - have a drink.

    Sep 20th, 2013 - 09:00 pm - Link - Report abuse 0
  • Think

    TWIMC

    Anybody noticed how many ***“BRITISH OVERSEAS TERRITORIES”*** they where the list at my comment (1) ?

    Chuckle chuckle......

    Sep 20th, 2013 - 09:59 pm - Link - Report abuse 0
  • Conqueror

    @1, 3 Oh, what a Twit. So easy to refute the crap you come out with. Although, “lies” is more appropriate than “crap”.

    Little excerpt from the OECD: “New legislation in major financial centres such as Hong Kong and Singapore enables them to implement the standards as well. Of the more than 40 offshore financial centres identified as tax havens in 2000 all but six now have one or more agreements which meet the standards”
    Then there's the progress report: http://www.oecd.org/ctp/harmful/43606256.pdf

    In the section headed “Jurisdictions that have substantially implemented the internationally agreed tax standard” you can find Gibraltar, Anguilla, Bermuda, British Virgin Islands, Cayman Islands, Montserrat, Turks & Caicos Islands.

    That's a shame for you, isn't it? Remind me to find out whether someone who intentionally puts false information in the public domain is committing a crime? Defamatory comments can certainly be viewed as a subject suitable for a civil law suit.

    Chuckle chuckle..............

    Maybe you'll get let off. Education isn't your strong point, is it?

    Sep 21st, 2013 - 09:52 am - Link - Report abuse 0
  • GALlamosa

    Typical RG tactic to change the story as quickly as possible if it isn't a convenient theme. The story is about Margallo's double standards and lack of credibility. Not so surprising, but nice to have it in the public domain. Now then, are Ceuta and Melilla colonial enclaves/relics or legitimate parts of Spain in Morocco ? Answers on a postcard to Sr Think, anywhere miles away from the reality of Argentina.

    Sep 21st, 2013 - 12:30 pm - Link - Report abuse 0
  • lsolde

    @3 Think,
    How could we not notice them, Think?
    As you spelled out their names in Capital Letters.
    That is willful discrimination, Think old bean.
    One would almost get the impression that you don't like us?
    But you DO like us really, don't you dahling?
    Just a wee bit jealous, thats all.

    Sep 21st, 2013 - 12:39 pm - Link - Report abuse 0
  • Think

    (6) Isolde, my favourite South-Atlantic Island Expat Pomette...

    Do you have any comments about this recent article in the Guardian…?:
    http://www.theguardian.com/uk-news/2013/sep/11/ascension-island-population-cut-uk-government
    ”Since 2006, in response to questions about the rights of islanders, ministers have insisted that “there is no indigenous population, or 'Islanders'”, Wells said: “On Ascension, everyone is an expat, present by virtue of an employment contract.”

    I ask you because there were no comments in this MercoPress article of 2007….:
    http://www.theguardian.com/uk-news/2013/sep/11/ascension-island-population-cut-uk-government

    I ask you because there were no comments either in this MercoPress article of 2002….:
    http://www.theguardian.com/uk-news/2013/sep/11/ascension-island-population-cut-uk-government

    I ask you because the faith of the Ascension Islanders and the Kelpers is in the hand of the same haughty English Government ….

    Ps…:
    The imression you should get, dahling is that I do dislike double talking, double crossing Englishmen (and women;-)

    Sep 21st, 2013 - 02:07 pm - Link - Report abuse 0
  • Conqueror

    Just look. Around 4 hours and Twinky couldn't find an “answer”. No “Turnip” comments from the “Pea” brain. Regrettably, the argie educational system is pretty poor. Demonstrably, poor mathematics (should that be arithmetic?), poor history and now poor language. “Pee” brains. Piss brains. Is there anything, anywhere in argieland that isn't shit? Well, there are a few. Twinky isn't one of them. He's a smartass, fart-ass. Trouble is that he comes out with shite that HAS to be refuted. But perhaps every honest person should report every Twinky “comment” as abuse. After all, he doesn't have the guts to enter an exchange with someone immeasurably more intelligent.

    Sep 21st, 2013 - 03:08 pm - Link - Report abuse 0
  • ChrisR

    Back on topic:

    “Do as I say, not as I do” jumps to mind as well as “bleeding hypocrite”.

    Sep 21st, 2013 - 03:29 pm - Link - Report abuse 0
  • Think

    Corrigendum to my post No.(10)..:

    “I ask you because the ”FATE” of the Ascension Islanders and the Kelpers is in the hand of the same haughty English Government ….

    Sep 21st, 2013 - 06:23 pm - Link - Report abuse 0
  • nota

    Hello thinking. No because it's in the hands of the island inhabitants. Under our law they are entitled to an opinion and vote on what future they decide. It is not decided for then as you would prefer it to be. Can you also advise is what relevance your statement has in regard to the article

    Sep 21st, 2013 - 11:18 pm - Link - Report abuse 0
  • lsolde

    @7 Think,
    l rarely read the Guardian, cher Think.
    l consider it to be a red-ragging communist newspaper printed for self-loathing left wing tree hugging hate-your-own-country, mentally disturbed lost souls.
    Occasionally l might look at SOME of what it oozes out, merely to see what devilment the “abandoned ones” are cooking up.
    lts such a bother, as l then have to be purified.
    As for “haughty”, well Think, that would be the Argentine government & you.

    Sep 22nd, 2013 - 06:51 am - Link - Report abuse 0
  • Think

    (12) Isolde

    Dodging the inconvenient facts, as the good female you are, huhhhhhhhhhhhhhh?

    Maybe the “St. Helena Online” is less of a “red-ragging communist newspaper printed for self-loathing left wing tree hugging hate-your-own-country, mentally disturbed lost souls” and more suitable to your “delicate feelings”……

    http://sthelenaonline.org/2013/09/16/ascension-workers-know-the-reality-says-administrator/

    http://sthelenaonline.org/2013/09/16/ascension-workers-know-the-reality-says-administrator/

    Sep 22nd, 2013 - 09:04 am - Link - Report abuse 0
  • FI_Frost

    @13

    Ascension? Tut tut, off topic again! Consider yourself barred from this thread.

    Yep, Margallo has no creditability and as mentioned: “Do as I say, not as I do”

    Sep 22nd, 2013 - 09:50 am - Link - Report abuse 0
  • Conqueror

    @10 ”Corrigendum to my post No.(10)..:“ The ”post“ that you're just writing. Is there some reason you can't differentiate between ”7“ and ”10“? Thought of renaming yourself ”Twat_Twinky”?
    @13 And the relevance of something on the other side of the Atlantic Ocean?
    Here's a thought. Do something useful.
    Compare https://en.wikipedia.org/wiki/Puerto_Belgrano_Naval_Base to https://en.wikipedia.org/wiki/Puerto_Belgrano_Naval_Base

    Sep 22nd, 2013 - 12:25 pm - Link - Report abuse 0

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