Comments on: Let’s call the Isle of Man a tax haven: nothing else will do

By: Tax Research LLP

Tax Research LLP — Sun, 16 Nov 2008 21:10:51 +0000

Kurt

Please read http://www.taxresearch.org.uk/Blog/2008/08/27/finding-the-secrecy-world/

Please read
http://christianaid.org.uk/images/deathandtaxes.pdf

Please read http://www.globalpolicy.org/nations/launder/haven/2005/Price_of_Offshore.pdf

Please read
http://www.new-rules.org/docs/capitalismsachillesheel.htm

Then when you’ve done that tell us why we’re wrong

Of course you’re not alone. Nor are all those who are committed of murder alone. It doesn’t mean any of them are innocent

So don’t offer excuses. Tell me why what you do is acceptable

And tell us - show me - what is wrong in our analysis

We’ve made the case. I’m still waiting for anyone to answer it

Richard

By: Kurt Roosen

Kurt Roosen — Sun, 16 Nov 2008 18:05:06 +0000

I’m not sure where this broadside is coming from but the Isle of Man is not a tax haven, it is an independent country that happens to set it’s tax rate at a level it chooses to as does every other nation on earth. If your argument is with distribution of wealth then I consider you look in your own back yard as, regardless of tax, country scael wealth resides much more in places like the US mainland than offshore jurisdictions. If,m as you suggest, the activities of US nationals seeks to hide wealth from the US Govt (and that throws a light on the mentality of US citizens) then would the repatriation of this money mean that it would get redistributed to poor nations - even if the govt had the taxes I think not. The issue should be about regulation and there are a vast amount of nations that have poorer transparency than Isle of Man, running down through Russia and China to the more obvious ‘offshore’ jurisdictions such as Cyprus (a Russian favorite) along with the US favorites such as Caymen.

I think people need to decide what they are fighting against - if it is against world poverty then all developed nations are at fault and the ‘offshore’ contribution to this is miniscule and, bizzarely enough, the sensitivity to this may be more than anywhere else. If we are looking for accountability then that should start at home, whereever that may be, before looking to blame elsewhere.

By: Tax Research LLP

Tax Research LLP — Sun, 27 Jul 2008 20:58:32 +0000

Isla

Not a joke at all

Tax havens are not tax havens for those who live there, only for those who live elsewhere

You pay the price

Richard

By: Isla Bonita

Isla Bonita — Tue, 22 Jul 2008 08:10:31 +0000

You look at the Isle of Man Government tax invoice that has just landed on my doormat, and then tell me again that the Isle of Man is a tax haven. You look at how much tax we pay for flights and fuel. What a joke!

By: Phil Packer

Phil Packer — Mon, 23 Jun 2008 21:45:07 +0000

No you prove it. You are so full of it, you prove your absurd allegations. It is perfectly obvious that the cases you shout from the rooftops about are a few rotten apples in the barrel, yet you would have us believe the whole barrel is rotten! By all means let’s root out the rotten apples but there is no need to throw away all the apples and trash the barrel too.

By: Tax Research LLP

Tax Research LLP — Thu, 19 Jun 2008 21:24:51 +0000

Prove it

Richard

By: Phil Packer

Phil Packer — Thu, 19 Jun 2008 20:43:43 +0000

Have the Isle of Man invaded Africa then? For once you are right, the 2006 Levin reported analysed 6 sensational cases involving the Isle of Man although the truth is such cases are in a minority. Most people who have money in tax havens are tax compliant.