How Jeremy Paxman blew lid on BBC's complicity in tax avoidance pay deals. Facebook Unfriends Uncle Sam: Mark Zuckerberg's Plan To Avoid Taxes. By Pat Garofalo on May 15, 2012 at 1:20 pm "Facebook Unfriends Uncle Sam: Mark Zuckerberg’s Plan To Avoid Taxes" The right-wing has been lauding Facebook co-founder Eduardo Saverin for his decision to renounce his U.S. citizenship in order to avoid taxes.
But he isn’t the only one who’s going to slash his tax bill in the wake of Facebook’s upcoming initial public offering: both CEO Mark Zuckerberg and the company itself will lower their tax bill for years to come. While Zuckerberg will pay a hefty tax bill right off the bat if he follows through on his plan to sell $5 billion in Facebook stock options, as the New York Times noted, he may then never pay a dime of taxes on the rest of his Facebook wealth. The Intruders. @IntrudersAction. Black tie activists crash HMRC boss' retirement do. Why I gatecrashed David Hartnett’s dinner party. Last week, some friends and I burst in on a speech from the retired HMRC boss Dave Hartnett at a tax dodgers conference.
TheIndependent: hmrcs-former-boss-honoured. Disguised in tuxedos as sharp as they come, a well-spoken band of undercover protesters known as The Intruders are planning to disrupt high-class gala events across the City – after gatecrashing a dinner to present an award for services to "corporate tax avoidance" to the UK's former top taxman.
In the opening move of what could become a new direct action anti-corporate campaign, eight protesters, including two former Oxford students, snuck inside a lavish dinner at a corporate tax planning conference, where the former HMRC boss Dave Hartnett was giving a speech. After presenting Mr Hartnett with a spoof "Golden Handshake" gong, the group were ejected by a dinner guest who called them "trespassing scum". The Intruders crash the Investment Banking Awards in Mayfair. K2: how Jimmy Carr sheltered his millions. Q: Can I cancel?
A: We have a range of contract lengths to suit from 1 month to 18 months. Within your contract you are not able to cancel. Cameron family fortune made in tax havens. David Cameron's father ran a network of offshore investment funds to help build the family fortune that paid for the prime minister's inheritance, the Guardian can reveal.
Though entirely legal, the funds were set up in tax havens such as Panama City and Geneva, and explicitly boasted of their ability to remain outside UK tax jurisdiction. At the time of his death in late 2010, Ian Cameron left a fortune of £2.74m in his will, from which David Cameron received the sum of £300,000. Cameron and other cabinet members have recently suggested that they would be willing to disclose their personal tax filings amid growing scrutiny following the budget, but this would only shed light on annual sources of income rather than accumulated wealth or inheritance.
Let's end this rotten culture that only rewards rogues. Investment banking is an organised scam masquerading as a business.
It is defined by endemic conflicts of interest, systemic amoral behaviour and extreme avarice. Many of its senior figures should be serving prison sentences or disgraced – and would have been if British regulators had been weaned off the doctrine of " light touch" regulation earlier and if the Serious Fraud Office's budget had not been emasculated by Mr Osborne. It is a tax on wealth generation and an enemy of honest endeavour – the beast that is devouring British capitalism. The £290m fine on Barclays for rigging the interest rates in the inter-bank market is a defining moment. Not just for Barclays but for every bank with which it colluded. Wealth doesn't trickle down – it just floods offshore, new research reveals.
The world's super-rich have taken advantage of lax tax rules to siphon off at least $21 trillion, and possibly as much as $32tn, from their home countries and hide it abroad – a sum larger than the entire American economy.
James Henry, a former chief economist at consultancy McKinsey and an expert on tax havens, has conducted groundbreaking new research for the Tax Justice Network campaign group – sifting through data from the Bank for International Settlements (BIS), the International Monetary Fund (IMF) and private sector analysts to construct an alarming picture that shows capital flooding out of countries across the world and disappearing into the cracks in the financial system. Comedian Jimmy Carr became the public face of tax-dodging in the UK earlier this year when it emerged that he had made use of a Cayman Islands-based trust to slash his income tax bill. Sussex police criticised for harassment during protester liaison. Sussex police liaison officers have been accused of intimidation and information gathering in a visit to a campaigner's home in Brighton.
The missing billions. TheNewDeal : It's Funny That the Same C... (pdf)addicted to tax_havens. Financial Crisis With Few Prosecutions. How The Rich Got Richer In One Chart. 98 FTSE companies use tax havens. Some U.S. firms paid more to CEOs than taxes: study. Sen. Levin unveils the Stop Tax Haven Abuse Act. HM Revenue & Customs 2010-11 Accounts: tax disputes - Public Accounts Committee. UK Uncut Legal Action begin legal proceedings against HMRC over Goldman Sachs tax deal. UK Uncut Legal Action will issue legal proceedings against HMRC with a Photo Op at 15:30pm today.
Campaign group goes for a full quashing of the tax agreement Support for the case voiced by leading Trade Unions, NGOs and MPs£14,000 has been raised for the case in two weeks showing huge level of public support. Adding to the parliamentary pressure on HMRC this week from the Public Accounts Committee, UK Uncut Legal Action, an NGO inspired by the anti-cuts direct action group UK Uncut will issue proceedings in the High Court today against HMRC, over the Goldman Sachs tax deal. The campaigning group made the decision to go forward with the case after receiving what they term a ‘dismissive’ response from HMRC to letters from their lawyers demanding the alleged sweetheart deal agreed between David Hartnett and Goldman Sachs is quashed.
@ukuncutlegal. 'Systemic' problems at HMRC. A report from the Public Accounts Committee (PAC) has criticised the tax authority, HM Revenue and Customs (HMRC), saying there were "serious concerns" about how some large settlements were reached with big companies.
Chair of the committee Margaret Hodge MP told James Naughtie that the relationship between big companies and HMRC is "a bit like David and Goliath" because there are very few people with "deep knowledge" of tax at HMRC to go up against businesses which are very well advised in tax affairs. HMRC "hide behind veil of secrecy", she said, in the name of taxpayer confidentiality so there is "no accountability about whether the deals provide good value of money".
She maintained that the committee would not relent, as the public must have confidence that taxmen are "treating everyone equally". UK Uncut Takes HMRC to Court. Anti-poverty campaigners from the World Development Movement stage a protest outside Goldman Sachs offices to show their support for the Occupy London protest in the City of London, October 27, 2011 The legal arm of the tax pressure group UK Uncut is taking HM Revenue & Customs to court after it failed to provide substantial reasons for failing to collect billions of pounds in tax revenue.
The campaign group will take the government department to court on Thursday after Leigh Day, its law firm, received a "dismissive" response in answer to a letter demanding that the agreed tax settlement between the outgoing secretary for tax, David Hartnett, and Goldman Sachs be reversed. The announcement comes on the same day as the Public Affairs Committee criticised the HMRC for its cosy relationship with large corporations, including Goldman Sachs.
Inland Revenue hid 'sweetheart' tax deals for big business, MPs say. Revenue and customs managers are facing demands for reform after MPs accused them of using "a veil of secrecy" to keep from scrutiny their "sweetheart" corporate tax deals worth billions. A report by the Commons public accounts committee says it has uncovered "specific and systemic" failures in Britain's tax-gathering agency while investigating deals with Vodafone and Goldman Sachs, which have attracted mass protests. The committee chair, Margaret Hodge, accused HM Revenue & Customs (HMRC) of making a "policy decision" not to disclose information and using a "veil of secrecy" by citing "taxpayer confidentiality", which denied accountability to the public or parliament about whether deals provided good value for money. She said it was "crazy" that the panel of MPs had been forced to rely on leaked information from a whistleblower and the satirical magazine Private Eye.
MPs attack HMRC's 'cosy' deals with big business. 20 December 2011Last updated at 11:54 Chief tax collector Dave Hartnett announced earlier this month that he would retire next summer A committee of MPs has criticised "cosy" deals between HM Revenue & Customs (HMRC) and big businesses. The MPs singled out Dave Hartnett, permanent secretary for tax, for failing to handle tax negotiations with some big companies properly. The Public Accounts Committee said large firms got favourable treatment and there was a lack of public accountability over how deals are done.
HMRC rejected the findings and said the MPs had misunderstood the facts. This bastardised libertarianism makes 'freedom' an instrument of oppression. Illustration by Daniel Pudles Freedom: who could object? Yet this word is now used to justify a thousand forms of exploitation. Throughout the rightwing press and blogosphere, among thinktanks and governments, the word excuses every assault on the lives of the poor, every form of inequality and intrusion to which the 1% subject us. How did libertarianism, once a noble impulse, become synonymous with injustice?
In the name of freedom – freedom from regulation – the banks were permitted to wreck the economy. Rightwing libertarianism recognises few legitimate constraints on the power to act, regardless of the impact on the lives of others. So why have we been been so slow to challenge this concept of liberty? Put briefly and crudely, negative freedom is the freedom to be or to act without interference from other people.
Rightwing libertarians claim that greens and social justice campaigners are closet communists trying to resurrect Soviet conceptions of positive freedom. Big Businesses Enjoy 'Cosy Relationship' with Taxman. MESSAGE TO 200 ARRESTED UKUNCUT PROTESTERS. Edward D. Kleinbard: Sacred Tax Cows: It's Them or Us. The National Commission on Fiscal Responsibility and Reform is in a pickle. We can expect Republican members of the Commission to push for cuts in government spending but no new taxes, and Democratic members to argue that tax increases are necessary.
With a supermajority required to approve any recommendation, what hope is there of success? The best hope for bipartisan consensus lies in targeting the $1.2 trillion a year in hidden government spending embedded in the Tax Code in the form of "tax expenditures. " These programs are styled as tax savings, but really function as replacements for explicit government spending. Some make sense, but a great many are poorly targeted and would never pass Congress if presented as an outright spending proposal.
Wall Street's Free Ride. Operation Caymans. Operation Caymans (opcaymans) No Good. Lobbying: Washington's Recession-Proof Industry - Swampland - TIME.com. Here’s one sector that hasn’t suffered in the recession: Washington lobbyists. Since 2000, the financial services industry’s spending on federal lobbying rose 102%, to $472.9 million last year, according to an analysis by the Center for Responsive Politics, a nonpartisan group that tracks lobbying. Spending by the pharmaceutical and health-products industries, meanwhile, rose 139%, to $240.3 million last year. Lobbying in the United States.
LRB · David Runciman · Didn’t they notice? How to sum up Saif al-Islam Gaddafi, that emblematic figure of our times, with his doctorate from the LSE (‘The Role of Civil Society in the Democratisation of Global Governance Institutions’), his charitable foundations, his extensive property portfolio, his playboy lifestyle, his motley collection of friends (Peter Mandelson, Nat Rothschild, Prince Andrew), his ready access to Libya’s sovereign wealth fund, and his recently professed willingness to eliminate the enemies of his father’s regime one bullet at a time? Tax Havens and Treasure Hunts. Nancy Folbre is an economics professor at the University of Massachusetts Amherst. You Thought the Koch Brothers Were Bad? Turns Out They're Even Worse Than You Thought.
April 5, 2011 | Like this article? A Major Win for UK Uncut. Amidst all the news reports bouncing back and forth right now about mass arrests and political policing, it’s sometimes easy to lose sight of what we’re fighting for, and how far we’ve come as a group. Today saw the launch of a public inquiry, to be conducted by the Treasury select committee, into the issue of corporate tax avoidance. MPs to investigate corporate tax avoidance. Cuts protesters claim police tricked them into mass arrest. Make Wall Street Pay. Labour's economic legacy - in pictures.
Swimming against the tide. UK Uncut - Occupy For The Alternative. Koch Industries: All Recipients. (pdf)MartinO’Neill THE SOCIAL INJUSTICE OF CORPORATE TAX AVOIDANC. How Offshore Tax Havens Save Companies Billions. Photo : yfrog.com/h7nmkrmj - Shared by MMFlint. United Kingdom corporation tax. What to do about 500,000 missing companies. Europe has a banking crisis, not a wages crisis.
Worker Uprising: Up to 185,000 Protest In Madison As Wisconsin Gov. Scott Walker Signs Union-Busting Bill. 9 TRILLION Dollars Missing from Federal Reserve,Fed Inspector General Can't Explain. Largest Protest Yet Against Wis. Anti-Union Law // Current. Banker suspended after Sunday Mirror challenges Deutsche Bank over £10 taunt to nurses and doctors.
The top 100 government suppliers. How Icelandic bank's clients filled Tory coffers. EXCL: disagreements rage at BBC London over ‘cuts’ v ‘savings’ Fred Goodwin gets superinjunction to stop him being called a banker. How super-injunctions are used to gag investigative reporting. FT editorial: call City’s bluff to move abroad. Financial Services Authority. Banks refuse to tell FSA how many of their staff earn more than £1m. A perpetual motion machine for investigative reporting: CPI and PRI partner on state corruption project.
Netroots UK: APIs Against the Cuts: calling techies and activists. Sunny Hundal: APIs Against the Cuts: calling techies and activists. Rumba Rave "banquero" en el Santander. Barclays' Diamond awarded $10.6 mln bonus. These brilliant protests on tax-dodging can unite us all. Why Isn't Wall Street in Jail?
United States of America. The Netherlands. Canada. Australia. France. Ireland. Sudan. Portugal. Greece. Campus uncut (campusuncut) sur Twitter. Campus Uncut. International Uncut Directory. InternationalUNCUT (InterUNCUT) International Uncut Directory. Media about global movement. Collisions with political parties , unions.
Simular. Hidden Bank Fees. Of second hijacked blog #ukuncut. A Cut to Far. Corporatocracy: Living in the UCA (United Corps. of America) Pearltrees interface Help & intro Videos.