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Category Archives: Tax Havens

Anjouan - the new kid on the block

21-Nov-08

There’s a new tax haven - Anjouan.
Note that the web site is available in Chinese.
No guessing who they’re aiming at.

Compensation has to be part of the package

17-Nov-08

This from the St Kitts & Nevis Democrat:

Speaking recently Vince Cable, a Liberal Democrat Parliamentarian who speaks for his party on finance, said that the British Treasury should tell banks receiving investment from the government to close their operations in offshore tax havens.
The argument behind this which seems to be gaining credibility with the UK [...]

Guernsey should expect no special favours

14-Nov-08

The Guernsey Evening Press has an article of the sort rippling around the press of the secrecy jurisdiction world suggesting they might have a tough time as a result of the election of Barack Obama.
The discussion below the article referred to my work, that of others I know and of the Tax Justice Network, despite [...]

Why haven’t I plugged this before?

13-Nov-08

Not sure why I’ve never linked to this before, so it’s about time I did:

What has the Tax Justice Network done?

13-Nov-08

It is a well-known fact that any campaign for change goes through four basic stages.
In the first stage those who oppose change deny that there is an issue to be addressed. In the second they reject the prescription for change. During the third stage there is acceptance that the issue is important, and that change [...]

From the Mirror this morning

12-Nov-08

A new convert to the cause. This form the Daily Mirror this morning:

The PM should follow the President-elect’s lead, ensuring those with the deepest pockets pay the most.
Shutting British tax havens exploited by the filthy rich and big corporations in the UK and US could produce winners.
Ending the £25bn tax avoidance by companies identified by [...]

Lib Dems say clamp down on tax havens

12-Nov-08

The UK’s Lib Dems are, like Labour, suggesting tax cuts for fiscal stimulus. I’ve already explained this is not a route down which I would travel, but what they say is interesting :

The party would meet the £18bn cost of this by cutting top-rate tax relief on pension contributions; taxing capital gains at the same [...]

Melua, Norton vs. Geldof, Bono

12-Nov-08

The Georgian-born singer Katie Melua is a wealthy woman: last year she was listed as being worth £18m in the UK Young People’s Rich List. This is what she had to say about tax in a recent interview.

“I have dual nationality and I was advised early on that I could take advantage of that and [...]

Why we have the right to interfere in tax haven’s affairs

12-Nov-08

There has been a great deal of traffic, and a lot of comments on this blog over the last day or two about whether the UK car or any other major developed nation has the right to interfere in the affairs of the world’s tax havens.
The answer is simple, and straightforward. It is that we [...]

Tackling credit card bause

11-Nov-08

The FT has reported:

American Express became the latest financial group to convert to a bank holding company in a surprise move on Monday that will give the credit card group permanent access to Federal Reserve funds and could facilitate consolidation in the sector.

This is significant. Without the credit card companies (Amex, Visa and MasterCard, in [...]