Sunday, 30 September 2012

RICH MAN PAYS TAX - SHOCK




THEY TAKE OUR MONEY AND BURY IT OFFSHORE, REFUSE TO INVEST IN THE HOMELAND AND THEN
FORCE US TO BORROW IT BACK.



http://www.thesundaytimes.co.uk/sto/

The Sunday Times 30 Sept 12 horrifies its many middle-class tax dodging readers with a front page headline “RICH MAN PAYS HIS TAXES – SHOCK” about David Harding, owner of hedge fund WINTON CAPITAL who is paid £87 million and happily pays his full UK taxes of £34 million a  year. Harding says that now he is publicly identified as a compliant taxpayer he is frightened all tax-free millionaires will take their horrid revenge on him.

Worse and worse, the newspaper also runs a section “Spotlight on tax savings schemes” warning that HM Customs and Revenues are re-visiting all the so called “legal-avoidance” schemes and knocking on rich men’s doors in the dead of night. Even worse for the composure of the paper’s corpulent corporate owning and directing upper-upper class readers, The Sunday Times devotes a whole page to “THE UNTAXABLES”. This explains how most major “international” corporations fiddle their taxes and pay a quarter or less than they should to their Homelands, while siphoning off trillions from US, UK and other OECD economies; cash which they hide off-shore and refuse to invest – forcing us to borrow back our own money.

Despite the fervent prayers, hopes and protestations of their cringing servants, disciples and apologists, all these Lords of the Universe, the new super-rich off-shore millionaires, these Twenty-first  century sociopathic, tax-dodging aristocrats - are not acting lawfully. The trillions of dollars they bury abroad or in DelawareDublin, etc. are generated in and by the populations of the major economies – mostly the OECD nations. These offshore comedians interpose false companies, false transactions, false addresses, false so called directors, false intercompany charges, false transfer-pricing values, false valuations of IPR and other paper assets into the chain of real commerce. Main principles of the tax laws globally include that transactions must be (1) At real commercial values and (2) wholly necessary for the commerce of the business.

The utter nonsense of the insane paper-trail mazes of distorted, crooked pricing, back-dated bookkeeping, phony domiciles and the rest of the gobbledygook must be stopped and reversed. The $21 trillion in tax-havens, growing at $1 trillion a year is gouged out of our economies – and we want it back – invested in new industries and new jobs. The UK should go after the $21 trillion before other nations grab it. Possession is 9/10ths of the law.

(PS – Best advice from a tax-planner with 30 years experience – Check the written guarantees your tax-planners gave you – and their Professional Indemnity Insurance. We now help clients to repatriate their tax-affairs and capital to be respectably and securely on-shore - good citizens).


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