Is there no end to this government's delusional, power hungry, greedy >meddling? >
>The Labour Communists are such drooling incompetents when it comes to
I think closer examination of the labour government will show they have no resemblance to communists. They aren't that competent.
economic management that they are now seeking to claw funds from high
>net worth individuals accounts abroad. As Gordon Brown put it so
>eloquently: "...government had saved the world..."
>
>Have they any clue that the wealthy aren't obliged to stay in this
>shithole of a country and have the mobility to take themselves and
>their assets abroad?
That's correct. But while they live in this country they are required to pay taxes as laid down in law on *all* their assets. That includes the millions they have squirreled away in secret bank accounts. If they don't want to pay taxes here then they should FO somewhere else.
The new arrangement is not even as stringent as that of USofA tax gatherers. They even chase their citizens who *live* abroad.
>Maybe they do - which is why the e-borders scheme is coming up. Mark
>my words - soon we will need an exit visa to leave the UK just like
>the Soviet Union of old.
It's more like E Germany 1974. Soon they will shoot anyone trying to get out
>Fuck Communists, f*ck the government, f*ck this country.
>
School holidays again
>
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> >A Tax Haven Gets Proactive >Parmy Olson, 08.11.09, 07:15 AM EDT >Liechtenstein agrees to help the U.K. identify citizens who are hiding >their wealth there. >
>If you're a wealthy Brit, you now have one less place to hide your
>money from the prying eyes of the taxman. The U.K. government and
>Liechtenstein have just forged an agreement that marks one the most
>significant developments in the crackdown on tax evasion since the G20
>event in London hyped up the issue.
>
>The tiny alpine tax haven will proactively identify British residents
>with a financial services structure (including a bank account or
>foundation) in the principality, contact them and let them know that
>they are expected to be tax compliant within the U.K. Liechtenstein
>said Tuesday that it was introducing a "five-year taxpayer assistance
>and compliance program," taking its agreement to share information on
>tax evaders with the United Kingdom one step further.
>
>This marks a radical departure for a country whose banks manage $165
>billion of assets from around the world, many of which were destined
>there because of its cloak of secrecy.
>
>Liechtenstein's prime minister, Klaus Tschutscher, and the financial
>secretary to the U.K. Treasury, Stephen Timms, were scheduled to sign
>an agreement Tuesday on "due process for past and future tax claims,"
>the principality said.
>
>The United Kingdom is also giving its citizens the option to come
>forward to HM Revenue & Customs (the country's equivalent of the IRS)
>within a five-year period to get their tax affairs in order. The
>subsequent penalties for British tax evaders will be relatively lax:
>as well as backdating and paying any unpaid tax, they will pay a
>penalty worth 10% of the total tax that they owe.
>
>Getting Liechtenstein to agree to this sort of measure has been a
>gradual process. In March it agreed to relax its bank secrecy laws by
>being more co-operative with other tax authorities when requested.
>Then new regulations required its banks to know who its account
>holders were, rather than just list them as numbered accounts.
>
>The Organization for Economic Cooperation and Development, which
>counts Liechtenstein among its internationally blacklisted tax havens,
>said Tuesday that the agreement "shows that the era of bank secrecy as
>a shield for tax evaders is coming to an end." It added that it hoped
>the initiative would "serve as a model for other countries."
>
>America's Internal Revenue Service will no doubt be watching these
>developments closely. It is currently in the middle of wrestling
>thousands of names of suspected American tax evaders from Swiss bank
>UBS, via negotiations with the Swiss government.
>
>One step towards establishing Britain's agreement with Liechtenstein
>as a model could take place when it comes up for discussion at the
>OECD's Global Forum on Transparency and Information Exchange, which
>guides the OECD?s work in the area of tax evasion. That takes place in
>Mexico on 1-2 Sept.