Tasmanian Times

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. No price is too high for the privilege of owning yourself. ~ Friedrich Nietzsche

The individual has always had to struggle to keep from being overwhelmed by the tribe. If you try it, you will be lonely often, and sometimes frightened. No price is too high for the privilege of owning yourself. ~ Friedrich Nietzsche

Economy

‘Australia must take on United Kingdom on their rogue tax havens’

*Image: Image from HERE: Paradise Papers: Offshore trove exposes Trump-Russia links and piggy banks of the wealthiest 1 percent

Greens Treasury Spokesperson, Senator Peter Whish-Wilson, has called on the Government to call in the UK Ambassador to ask why the UK continues to allow negligent levels of tax secrecy in their Overseas Territories, as exposed by the Paradise Papers.

“Australia needs to let the UK know that we can no longer tolerate its overseas territories, including Bermuda, the Cayman Islands and the British Virgin Islands, being used by Australian citizens or companies operating in Australia for aggressive tax avoidance and potential tax evasion strategies.

“These UK Overseas Territories provide a cover of darkness so that our tax office can’t see if the Australian people are being rorted.

“Former UK Prime Minister David Cameron once promised that the UK Overseas Territories would be subject to Beneficial Ownership Register laws but both he and Theresa May have since reneged.

“Given most tax havens are UK Overseas Territories and given the revelations in the leaked Paradise Papers last night, Australia must call in the UK Ambassador for an explanation as to what the UK plans to do to crack down on these shady structures, and why our close friend is facilitating the fleecing of the Australian public.

“Australia is in the early stages of negotiating a trade agreement with the UK. The Government must immediately rule out signing any deal which would facilitate further use of the tax and secrecy havens of the UK overseas territories.

“Australia must make strong demands on the UK. It could, for example, require the introduction of a Beneficial Ownership registry for the UK’s Overseas Territories as a condition of any trade agreement. It can’t just be a trade and investment agreement, it must also be a tax agreement.

“The Greens have the most comprehensive approach to stopping multinational tax avoidance. We know that every dollar avoided is one dollar less for schools, hospitals and fighting global warming.

“This is fundamentally about fairness. We need to end a system with one rule for the rich and powerful, and one for the rest of us. We have to take on the powerful to change the system. Too many politicians, donors and advisers use these havens themselves and have a vested interest in not seeing the system changed.

“This is why we initiated the big Senate inquiry in 2014 that forced the Liberals to take some action, and we have continually campaigned for more action,” he concluded.

Watch FOUR CORNERS on the Paradise Papers HERE

Guardian: Serco a high-risk client with history of failures, offshore law firm found

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6 Comments

6 Comments

  1. phill Parsons

    November 12, 2017 at 8:00 am

    When income tax was introduced in the UK there was a lot of opposition from those with a large income. It is a case of closing loopholes and this is another that should be closed. Sign the petition in #4.

  2. phill Parsons

    November 12, 2017 at 7:57 am

    Make them pay.

  3. Lyndall Rowley

    November 10, 2017 at 6:49 pm

    Hi Peter and TT readers …

    Avaaz.org is hosting a petition for ex-British PM Gordon Brown. Perhaps you might like to sign it.

    Avaaz says “When we hit a million, Gordon Brown will deliver it to G20 leaders”. I’ve found that past participation in Avaaz petitions can be a very effective venue to collect and empower our single little voices and get positive action.

    Gordon writes:

    [i]”Dear friends,

    “Eight years ago as UK Prime Minister and chair of the G20, I tried to end the injustice of global tax havens. But as the “Paradise Papers” leak shows, trillions are still being siphoned off to dodge tax in the most shadowy places in the global economy.

    “It’s one of today’s greatest injustices, allowing the richest to stand aside while the rest of us pay for health, education, and protecting the most vulnerable.

    “But now we have a chance to stop it — through an international agreement that outlaws tax havens and imposes penalties and prison sentences on tax evaders. And the G20, the leaders of the world’s biggest economies, can make it happen.

    “Please join me in signing this open letter to Argentine President Mauricio Macri, chair of the G20 — if a million of us sign, I will personally deliver it to him, asking him and other G20 leaders to take urgent action to finish the job we began in 2009. Join with one click: https://secure.avaaz.org/campaign/en/paradise_papers_fb_ctrl/?tViqDjb&signup=1&cl=13462300772&v=500366318.”[/i]

  4. Russell

    November 10, 2017 at 10:43 am

    Did Turnbull’s name come up in this report?

    Why isn’t the ATO looking into them? They’re supposed to be doing just that at the moment aren’t they?

  5. O'Brien

    November 6, 2017 at 9:43 pm

    The first in the land, our Prime Minister hides untold millions in offshore tax haven to avoid paying tax in the country he governs. Government by rogues and scoundrels.

  6. john hayward

    November 6, 2017 at 8:32 pm

    The Guardian has reported that the fortunes of the world’s 1542 billionaires increased by an average of 17% last year, taking their cut of the world’s wealth to $6tn.

    And we’re relying on Cayman Island Mal and the ever-salivating ScoMo to rein them in.

    John Hayward

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