Comments on: Liechtenstein: putting on the screws http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/ Richard Murphy on tax and corporate accountability Thu, 04 Dec 2008 02:36:56 +0000 http://wordpress.org/?v=2.6 By: Tax Research LLP http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-388476 Tax Research LLP Sun, 24 Feb 2008 17:07:50 +0000 http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-388476 Phil I state quite empatically: the business model tax havens (not just Liechtenstein) is to steal taxation revenues from other states. The aim of those who provide financial services from those places is to help them to do so. These, I suggest are facts. How else can the behaviour of havens in prmoting their abusive structures be explained? How else can the role of the financial services industry in promoting abuse behind the veil of secrecy they provide be explained. Please give me a rational answer. Richard Phil

I state quite empatically: the business model tax havens (not just Liechtenstein) is to steal taxation revenues from other states.

The aim of those who provide financial services from those places is to help them to do so.

These, I suggest are facts.

How else can the behaviour of havens in prmoting their abusive structures be explained? How else can the role of the financial services industry in promoting abuse behind the veil of secrecy they provide be explained.

Please give me a rational answer.

Richard

]]> By: Phil Packer http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-387812 Phil Packer Sat, 23 Feb 2008 21:29:50 +0000 http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-387812 Well I am a little surprised by your answer because I half thought that not only would you demand the mattress be burned but the business making the mattress also be shut down! However your answer is laughable, do you really believe that Liechtenstein has the "deliberate intent of stealing the taxation revenue of another state?". The world has moved on, Richard, and your abhored "tax havens" have moved with it as they must to remain in business. They know black money is yesterday's business and are very concerned not to take black money on - but they do not and are not able to detect a tax evader everytime. Well I am a little surprised by your answer because I half thought that not only would you demand the mattress be burned but the business making the mattress also be shut down! However your answer is laughable, do you really believe that Liechtenstein has the “deliberate intent of stealing the taxation revenue of another state?”. The world has moved on, Richard, and your abhored “tax havens” have moved with it as they must to remain in business. They know black money is yesterday’s business and are very concerned not to take black money on - but they do not and are not able to detect a tax evader everytime.

]]> By: Tax Research LLP http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-387470 Tax Research LLP Fri, 22 Feb 2008 22:45:19 +0000 http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-387470 Phil THe question is so daft I almost deleted it to save you the embarressment. But to answer, no of course I wouldn't. 1) No law is broken anywhere. 2) The mattress make did not create it with the deliberate intent of stealing the taxation revenue of anotyher state. Can you rise to the debate, or not bother? Phil

THe question is so daft I almost deleted it to save you the embarressment.

But to answer, no of course I wouldn’t. 1) No law is broken anywhere. 2) The mattress make did not create it with the deliberate intent of stealing the taxation revenue of anotyher state.

Can you rise to the debate, or not bother?

]]> By: Tax Research LLP http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-387469 Tax Research LLP Fri, 22 Feb 2008 22:43:43 +0000 http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-387469 Mark You're right on all counts And from what I gather from Brussels the EU STD re-write is going to close the gaps But the bankers will still have to be forced to tow the line. And that's down to making it a condition of their bamnking licences in the big democracies. Richard Mark

You’re right on all counts

And from what I gather from Brussels the EU STD re-write is going to close the gaps

But the bankers will still have to be forced to tow the line. And that’s down to making it a condition of their bamnking licences in the big democracies.

Richard

]]> By: Phil Packer http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-387443 Phil Packer Fri, 22 Feb 2008 21:36:14 +0000 http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-387443 Tell me Richard if a tax evader stuffed his black money under his mattress, would you criticise the mattress? Tell me Richard if a tax evader stuffed his black money under his mattress, would you criticise the mattress?

]]> By: Mark http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-387393 Mark Fri, 22 Feb 2008 19:39:33 +0000 http://www.taxresearch.org.uk/Blog/2008/02/22/liechtenstein-putting-on-the-screws/#comment-387393 Richard, The bankers are artful dodgers. If transfers to/from Liechetenstein are taxed, then the money will be routed via LGTs branch in Zurich or Singapore. Secondly, the EU Savings Tax Directive must be amended to include legal entities such as private companies, Trusts and Foundations. The current outrage by EU Governments over the Foundations scandal will certainly facilitate the EU Savings tax amendments being approved shortly. Richard,

The bankers are artful dodgers. If transfers to/from Liechetenstein are taxed, then the money will be routed via LGTs branch in Zurich or Singapore.

Secondly, the EU Savings Tax Directive must be amended to include legal entities such as private companies, Trusts and Foundations. The current outrage by EU Governments over the Foundations scandal will certainly facilitate the EU Savings tax amendments being approved shortly.

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