“Bernie Sanders joins 40,000 Verizon workers striking nationally today #StandUp2Vz CWA District 1 #WFP4Bernie Join Bernie in solidarity and add your name: http://bit.ly/StandWithVerizonWorkers” (Working Families, 2016)
Category: Tax
Press Release: URA Talking Points at the Takeover Ceremony of W.B.S. Limited (12.04.2016)


Kisansa indigenous coffee rediscovered (Youtube-Clip)
“KISANSA, Uganda’s indigenous coffee (supposedly a unique endemic Robusta subspecies) has been rediscovered and re-cultivated by a bunch of forward-looking and visionary farmers from the central region of Luweero. Currently, research is being done with the support of some agricultural world organizations. Info: http://www.kisansa-coffee.com / Contact: office@kisansa-coffee.com / Thomas Kukovec” (Touma Al-Nemseiwi, 2016).
Don Museveni says “I would never accept these foreigners to give me orders about Uganda”; Time to cut the direct donor assistance to the government budget of Uganda and after that let Don Museveni eat alone!

“I wouldn’t ask these foreigners, but I would never accept these foreigners to give me orders about Uganda. Or about anything in the world! They got their own countries to run. Let them go and run them. Uganda is ours. Nobody gives us orders here” – President Museveni at Kololo Independence Grounds Speech while celebrating the “Double Victory” on 9th April 2016.
Now that it is not long ago he told the world that Uganda was his playground and he could shot and kill opposition because they had no place in his country. From the same man and leader comes this. Let me ask the international community to react to violent behavior and the aggression this President shows his own county.
The racketeering of the NRM and their Executive has to stop at one point. That can happen when the funds dry up and the ammunition does come with the next boat. The American should stop with their alliance and their UPDF trainings. The Americans should do as they did with the MCC in Tanzania; suspend the projects and direct-donor aid to budget funding of the Ugandan Government.

The French should stop supporting the Government projects in Northern Uganda and cut their loans as they have promised to effect directly the RDC and the other loyal cronies of Northern Uganda. This does so the Capos of the Don get their monies and keeps eating. While the Japanese should stop supporting infrastructure projects together with the Chinese Foreign Ministry, while the CNOOC should terminate their contract with the Uganda Government. Total Oil firm of the French should suspend their operation until the government accept their blood-money. The Same with Heritage Oil for Britain so the UK Gov. should disband their direct government support and take away the incentive from UK to Uganda. The Norwegian Government should suspend the Oil for Development Program that have been a steady program since 2006. Because if you hurt it where it could become most important, then the Don Museveni might listen.
The European Union should to hurt the Foreign Exchange rate suspend the import of Robusta Coffee beans from Uganda, as the export of this is a major factor in the economic trade in the land-lock country. “A total of 271,941 bags of coffee valued at US$ 25.12 million were exported in February 2016 -Source UCDA report”. If you want to hit where it hurts, then you take away the foreign exchange and the foreign exports. This here could really hurt the government that does not want to have any interference or questions about their rule.
If the Donors and giving aid, would suspend or cut the services for the Peacekeepers, the same reaction that the Dutch did with the Burundian Peacekeepers in the AMISOM in Somalia. The same could be done by the American Government and EU as they are the major benefactors for the economic spending ground and facilitators for it.

It is not like I am for neo-colonialism, but when a totalitarian and gangster like Don Museveni complains about the US Mission questioning his oppressive behavior and European Union saying their opinion on the display of character showed during the Election and announcement of the results. Then it seems like he does not need any-more international legitimacy for his rule. Only their money and aid when it comes in handy too fuel money to a private plane, refurnishing the State Houses, buying new cars and more estates. Especially considering in FY 2013/2014 the donor assistance of the total budget was 21 % of it. Therefore the USAID, World Bank, IMF, DFID, European Commission, Irish Aid, NORAD and the other contributors should suspend that for the coming financial year of FY 2016/2017. To not hurt the citizens do this instead!
They should support the IDP camps and refugee camps in the Ugandan country through United Nations programs and organizations, build stronger relationship with NGOs in Uganda and forge good governance programs instead of supporting a government who is carrying out rigged election and embezzlement of government funds and international aid. Therefore progressive use of the tax-payers money from the Western Hemisphere, and if that is not working then, use it instead on local infrastructure projects to their own tax-payers.

Especially when a specialized report on Donor Aid to Ugandan Government says this:
“Budget support has not helped much in relation to cross sectoral dialogue. Some improvement was realized in education sector as dialogue with Ministry of Local Government and Ministry of Public Service improved. But this has not happened for the health sector” (…)”The power relations between bilaterals and Global Health Initiatives including PEPFER, Global Fund, GAVI, Stop Malaria etc shifted in favour of the latter who had no experience in the development of the budget support process and completely ignored to an apparent ineffectiveness” (…)”Budget support resulted in a greater commitment and quality of dialogue on PFM issues, especially after 2007 with the launch of FINMAP and JBSF. The influence of performance measures on sector dialogue declined from 2011/12, as the link with releases became less clear” (Joint Evaluation of Budget Support to Uganda – Final Report – 2015, P: 132).
This here proves the values of the Donor-Funding and the Budget Support from the International community to the Ugandan Government and the NRM-Regime. The NRM mafia under Don Museveni who says that the Ugandan authority do not want to have internal interference and foreign people questioning his playground. Therefore the authority and the Don want to rest things into peace he lets the people end up resting in peace. As he takes the Army and Police to detain the ones it needs and use draconian laws to oppress his own people.

Therefore with also the fraudulent election to keep the NRM mafia in order and also silence the opposition; as it even did yesterday the 9th March 2016 with the Military Police taking over the Nakivubo Settlement Primary School so the “Victory Celebration” that was supposed to be held there with Lord Mayor Lukwago and FDC Leader Besigye. This happen while the Crime Preventers, NRM Diehards and the new MPs we’re celebrating at Kololo Independence Grounds while costing the 1, 5 billion shillings. The racket also carries to pay their own and let the kingpin eat the money alone. As he has done since 1986 and the donor have continued to fund the budget support and give Don Museveni money to do his bidding.
Therefore I ask the governments to question if they want to deliver more money the NRM Mafia who uses monies to the army and police, squander away State House money on funding his campaign and also rumors of AMISOM contingent. There are certain numbers on his spending on military is staggering over the years. In between 2011 and end of term 2016 the taxpayers and donor-funding the total Shs. 6.617 trillion to the Army, Police and Intelligence Agencies. Of this in MPS in February 2015 into the portfolio of sophisticated military equipment there was the extended use of Shs. 470 billion, alone that year.

So with that knowledge and knowing the international donors should consider some reactions as he does not accept any interference not internal and not external. The Playground might be for the moment him, the Don Museveni has spoken of killing demonstrating citizens and opposition. The harassment of the ones that question the power of the kingpin!
That is when the international donors in the powers of US Mission in Kampala and their Amb. Malac recently; and also when the European Union does state the fact that the election was not free and fair. Therefore the Don Museveni feels betrayed as this has been loyal men who have given money to his government and not question his power or rule. Because they needed him to do their dirty-laundry and also have a steady ally in the East Africa; as the US have a relationship with Ethiopia and also Kenya, but have a longer engagement with the Ugandan Government, and now accepting the harassment of opposition as a price for some form of stability.

While the other donor-funding is not questioning other than expressing some have cut funding over the $12 Million that was going to Northern Uganda Development Fund (NUDF) in the 2012, that went lost to through the Prime Minister Amama Mbabazi. Also the Anti-Gay Bill had their reactions from UK, Norway and Dutch who cut parts of their aid. So now it is the time again, as the oppression, election fraud and the man who want to be the Don and acts like the Don of Uganda. The Godfather of Uganda has spoken. He does not want to be inference. So since he does not wish to have interference the international donors and bilateral organizations should offer him a hand with that.
The International donors and bilateral organizations should certainly suspend their direct budget support to the Ugandan Government. As they don’t wish to have any interference and can handle it all on their own. The money should instead spend on the Multi-National Organizations working in Uganda, as the OCHA, UNICEF and WFP as they will submit and carry out quick resolved matters in Internal Displaced Camps and around the borders through their projects. Since that will not have any other government questioning their actions, then the other governments should not help to fund their actions. Simple rhetorical assessment that banish the 20 % power of the funds that Don Museveni has at his disposal and use; when outsiders are such a pain, then the pain should leave Don Museveni alone and not support him.

So the Donors and Bilateral organizations should cut their aid and give less power to Don Museveni and his NRM Mafia who spends and eats alone; while his government does not have money to build health care, roads, schools or the other necessities in the Ugandan Society. But not with Foreign tax-payers money, when they get used on the expensive cars, lavish lifestyle, foreign health care and private planes for the Godfather. There is time to take action as the gangster will act as Don and not as a Statesman. Henceforth, when a player does not want question, but accept your money and not accountable for them; and when the player squander the money and expect to get away with it. Then the Player should lose the ability to get the money from you. The Don Museveni have already had long enough time to deliver and used enough of donor-funds without showing progress. Time to cross out the donor-funding to direct budget support; then Don Museveni does not need to be questioned. As the international community will not have put a stake and being stakeholders for certain parts of the budget. But when they step away, then Don Museveni can be the kingpin and the gangster he want to be in military fatigue and do as he want in his playground, without opposition who should just stay home; and also without foreigners questioning him. Then he can rule alone with the capos, underbosses and then be grand Don Museveni. Peace.
A look into President Zuma’s two major scandals: The Nkandla village Project and the triple Finance Minister Mystery of December 2015!

“My residence in Nkandla has been paid for by the Zuma family. All the buildings and every room we use in that residence, was built by ourselves as family and not by government,” – President Zuma in the National Assembly in 2012 (De Wet, 2012).
His Exellency Jacob Gedleyihlekisa Zuma, the current President of South Africa is under a hard storm and heavy rain. There been a long time waiting for the whole sky falling on his bear head, but that has not occurred.
First the basic parts of the Nkandla scandal and then the Finance Minister saga, as they are both important to the lost trust between the Parliament, big parts of the people and the President. There is many reasons for that, how he has used government funds to build a village in KwaZulu-Natal while being President and how the connection to rich business-men have tarnished the reputation as the hand-out seem to be given for more economic offers from the rich family of the Gupta’s. And that is worrying. Take a look!

The Nkandla homestead has made the Presidency to an issue. When the Department of Works in a report on the 2013 stated this:
“The appointed service providers have probably overcharged the State by inflating prices for the goods or services they rendered” (Department Public Works, P: 14, 2013). The DPW has undertaken an intern investigation and employees if they did any misconduct. The Security upgrades is set to be R 71,212,612.77 is at the time of the investigation by the Task Team. There have been no public funds in use for building and upgrading the presidential residence. The 5-ha state land have cost R 135,208,022.51 in departmental operation needs (SAPS and DOD personnel) (Department Public Works, P: 14, 2013). The Prestige project A for upgraded of the Presidential housing in KwaZulu-Natal according to the information from the DPW going to cost R 206,420,644.28 at the time in 28th December 2012, Jeremy Cronin Deputy Minister of the Public Works: “At the very least we need to make sure, without revealing the details, nature of security ……, we need to make sure as far as the tenders issued by Public Works, those were done clearly, there were no inexplicable overruns on costs” (Department Public Works, P: 17, 2013). That is just saying that there for three years ago! There is more!
The Public Proctor Said this in March 2014:
“There was no legal authority for the expenditure that was allegedly incurred by the state in respect of upgrades made at the President’s private residence in the name of security. Even if there was authority, the upgrades were excessive or “opulent” and transcended such authority” (Public Protector, P: 8, 2014).
The Same report also states this:
“President Zuma improperly benefited from the measures implemented in the name of security which include none security comforts the Visitors’ Centre, such as the swimming pool, amphitheatre, and the cattle kraal with culvert and chicken run. The private medical clinic at the family’s doorstep will also benefit the family forever. The acts and omissions that allowed this to happen constitute unlawful and improper conduct and maladministration” (…)”The conduct of the DPW leading to the failure to resolve the issue of items earmarked for the owner’s cost transparently, including the failure to report back on the swimming pool question after the 11 May 2011 meeting and the disappearance of the letter proposing an apportionment of costs, constitutes improper conduct and maladministration” (Public Protector, P: 57-58, 2014).
Do you wonder how the President Zuma could afford his own swimming pool and amphitheater?
“Funds were reallocated from the Inner City Regeneration and the Dolomite Risk Management Programmes of the DPW. Due to a lack of proper demand management and planning service delivery programmes of the DPW were negatively affected. This was in violation of section 237 of the Constitution and the Batho Pele White Paper and accordingly constitutes improper conduct and maladministration” (Public Protector, P: 62, 2014).
His Conduct of the Nkandla Affair:
“While his conduct could accordingly be legitimately construed as misleading Parliament, it appears to have been a bona fide mistake and I am accordingly unable to find that his conduct was in violation of paragraph 2 of the Executive Ethics Code. His statement is also consistent with those made by the Ministers of Public Works throughout the public outcry over the Nkandla expenditure. I am accordingly unable to find that his conduct was in violation of paragraph 2 of the Executive Ethics Code” (Public Protector, P: 64, 2014).

Here is what the Constitutional Court main parts of the verdict on Nkandla:
“The Court thus held that the National Assembly’s resolution, based on the Minister’s findings exonerating the President from liability, was inconsistent with the Constitution and unlawful. The Court also held that, by failing to comply with the Public Protector’s order, the President failed to “uphold, defend and respect” the Constitution because a duty to repay the money was specifically imposed on him through the Public Protector’s constitutional power” (…)”The Court ordered the National Treasury to determine the reasonable portion that the President must pay for the five non-security items listed above and report back to the Court within 60 days. The Court ordered the President to make payment 45 days thereafter. The President was also ordered to reprimand the Ministers involved in the expenditure at Nkandla. Finally, the Court declared that the remedial action taken by the Public Protector is binding. The President, Minister, and Speaker were ordered to pay the applicants’ costs, including those of two counsel” (News24, 2016).

Now that we have taken the major one and eaten the swollen corrupted minded on his homestead of KwaZulu-Natal and chopped up some beef. Stir-frying it and mixing it in a pot and then serving it, while it is still juicy. The certainty of the malpractice and reassure that a swimming-pool, a hen-house, a medical clinic, a amphitheater and other building projects still not considered safety features. That is good thing, if not I would get my house in order and get the same for my own concern with thieves in the neighborhood.
Well, now that I have watered that down and ready for some more rain. Let us get the story of how the Finance Minister all of sudden was not “good” enough for his post. It will be interesting.

This been said about Nene Nklanhla: “Mr. Nene has been since 2009 among respected people on the international scene that succeeded to another known and appreciated personality, Trevor Manuel (1996-2008), the second Minister of Finance of Nelson Mandela” (…)”His appointment could constitute a test for the “rand“, the South African currency, under pressure for months” (…)”He has inherited from a difficult situation with a decreasing growth revised at 2,1 % this year, far below 7 % required to reduce the chronic unemployment in a country the working population of which quickly increases” (La Redaction, 2015).
What he discussed in October 2015:
“Financial market volatility is high and capital inflows into emerging markets have slowed. This has raised borrowing rates for emerging markets globally” (…)”Honourable Members, bold action is needed. Restoring the momentum of growth requires policy certainty, confidence and trust, shared between government, business, workers and households” (…)”The absence of state capacity, that is, of the services and protections that people in rich countries take for granted, is one of the major causes of poverty and inequality around the world. Without effective states working with active and involved citizens, there is little chance for the growth that is needed to abolish global poverty” (Nhlanhla, 2015).
President’s Zuma Reason for sacking his minister and appointing another one:
“Mr Nene has done well since his appointment as Minister of Finance during a difficult economic climate” (…)”I have decided to appoint a Member of Parliament, Mr David Van Rooyen, as the new Minister of Finance. Mr Van Rooyen serves as a Whip of the Standing Committee on Finance and as Whip of the Economic Transformation Cluster” (Zuma, 2015).
Reaction to the Sacking:
“There seems to be no doubt that the President fired Nene because he would not allow Zuma and some of his cadres to spend money recklessly, for personal gain, and in so doing risk the integrity of the Treasury. Nene insisted on tight fiscal discipline in the face of a growing deficit and a worrying economic forecast” (…)”Nene did not bow to political pressure. He would not sanction the revision of a deal to buy new aircraft for South African Airways. The airline’s board chairperson, Dudu Myeni (who is also chair of the Jacob Zuma Foundation), was unhappy and appears to have used her personal relationship with the President to influence this decision” (…)”Nene was also cautious not to back a R1 trillion nuclear building deal, which Zuma was personally invested in” (IFAISA, 2015). EFF statement said this: “Zuma has appointed him because he knows that Van Rooyen will not stand up to him when he wants to do wrong things. Van Rooyen will be so eternally grateful, absolutely starstruck that anything Zuma asks for will go. Van Rooyen will be prepared to even approve further upgrades to Zuma’s Nkandla home by putting a private zoo that has exotic animals like domesticated tigers” (…)“The EFF has it on record that Nene has been moved because he refused illegal instructions from Zuma and his friends in both business and state owned enterprises. Nene refused to give South African Airways (SAA) guarantees and bailout when Zuma’s girlfriend and chairperson of the board requested it. Nene also refused to buy Zuma a new luxurious private jet and declined to grant Zuma’s staff exemptions from using expensive hotels and flying first class” (Mbuyiseni, 2015).
So to give a little timeline, Finance Minister Nene Nhanhla was fired on the 9th December 2015 and then on the same day Daniel Van Rooyen was hired on the 9th December 2015. With a backlash from NGOs and other parties on the unknown and nobody hired to be Finance Minister in South Africa. Hon. Van Rooyen a grand minister instead of former Finance Minister Nhanhla.
Zuma Adressed the Matter in statement on 12th December:
“Rumour: Mr Nene was redeployed because of the Airbus deal and Ms Myeni’s displeasure. Media reports that Mr Nhlanhla Nene is being redeployed because the SAA Board chairperson was unhappy with the National Treasury directives to SAA with regards to the Airbus deal or any other matter is a malicious fabrication. Mr Nene as has been explained, is South Africa’s candidate to head up the African Regional Centre of the New Development Bank/BRICS Bank” (Zuma, 2015).
Reaction to David Van Rooyen:
“There are many stakeholders, including the South African Institute of Professional Accountants (SAIPA), who are ready to engage with the Minister so that as a collective we can address these challenges given the short time left between now and the next National Budget announcement in February 2016” (…)”We would like to remind the Minister that because of our hugely disproportionate tax base – with only a fraction of citizens at the high earnings threshold – aggressively increasing taxes would be the equivalent of killing the goose that lays the golden egg” (…)”We acknowledge that the Minister wants to address equality by means of taxation but would caution that it is not taxation alone that will drive these imperatives – in the budget, we must spend within our means” (Ngawenya, 2015).
“The Johannesburg Stock Exchange (JSE) says it is concerned by this week’s change in the post of minister of finance, as new minister David van Rooyen was sworn into the post yesterday” (…)“It is the JSE’s view that predictable and consistent leadership is needed if we are to address the recent downgrade of the country’s credit rating to near junk status, the patent economic slowdown, unsustainably high unemployment and rising inflation,” the stock exchange says in a statement” (…)“The JSE has worked closely with previous Finance Ministers and we will continue to work with the new Minister and the National Treasury to help South Africa realise the ambitions contained in the National Development Plan. We look forward to hearing the Minister’s plans in this regard.” (…)”In a brief address at his swearing in ceremony, at the Union Buildings in Pretoria yesterday, Van Rooyen said he would engage with National Treasury adding that it is important to “simplify issues of public finance to the public”. He also says he aims to “deal with myths around the ministry” and acknowledged that he is taking office at a time when emerging markets are facing difficult times” (Gilbert, 2015).
With the non-backing of Finance Minister of David Van Rooyen, President Zuma could not look at that and make more fuzz; he had to try to do something wise and get somebody who was more trusted then the controversial former Mayor. So after 4 days in office and getting his tag on the door of the Finance Ministry; David Van Rooyen was fired for being him and getting a too big office for his caliber and also taken away trustfulness of the South African economy. Therefore there came a third minister in to the same Post because President Zuma loves to reshuffle his cabinet.

Zuma appoints his third Finance Minister under a week:
“On the 9th of December 2015, I announced the appointment of a new Minister of Finance, Mr David van Rooyen” (…)”I have appointed Mr Pravin Gordhan, the current Minister of Cooperative Governance and Traditional Affairs as the new Minister of Finance” (…)”Minister Gordhan will return to a portfolio that he had held proficiently during the fourth administration” (…)”I have also decided to appoint the current Minister of Finance, Mr David van Rooyen, as the new Minister of Cooperative Governance and Traditional Affairs” (Zuma, 2015).
So when all of this was over, there been a aftermath of speculation and also of foundling from outside sources that have altered the judgement of President Zuma to let go of Nene Nhanhla from his position in the cabinet and usher somebody else in, while having the freedom to make deals without thinking about economic deficit or the inflation rate of the country, as the former Finance Minister would conclude with.
Trevor Manuel stated this in late December 2015:
“It cannot be correct that there is an outside hand (and not the ruling party) that knows more than Cabinet does about unfolding events” (…)”clear from comments by Cabinet colleagues in the wake of Mr Nene’s dismissal was that when cabinet adjourned at about 6pm on Wednesday, December 9, neither he nor Cabinet had any inkling of what was to follow that evening” (…)”The breach of trust was not the first, but perhaps the last, straw that broke the camel’s back in the careless handling of a pivotal portfolio” (…)”Luthuli House needs to hear loud and clear that this man has to be held to account and we need people, men and women of good standing and stature, to do that job” (News24.com, 2015).

Another handpicked Finance Minister it seems Mr. Jones Mcebisi:
“Members of the Gupta family offered me the position of Minister of Finance to replace then-Minister Nene,” he said in a statement on Wednesday.“I rejected this out of hand. The basis of my rejection of their offer is that it makes a mockery of our hard earned democracy, the trust of our people and no one apart from the President of the Republic appoints ministers.” (Claymore, 2016).
SMS Threat after the Revelation:
“Please keep your own counsel. Martyrdom is best left to Christ”. This is the SMS Jonas reportedly received from a prominent businessman as he was drafting the statement that has rocked the nation” (Skade, 2016).
There been trying to Impeach President Zuma, here is motion from the letter from the Democratic Alliance asking for the motion of Impeachment of the Executive, which happens to be Jacob Zuma, ANC leader and the President of Republic of South Africa; here it is:

How the voting went in the National Assembly:
“The motion, brought by the Democratic Alliance (DA) and fiercely backed by the Economic Freedom Fighters (EFF) and most small opposition parties, drew 143 votes in favour and 233 against” (ANA, 2016).
So the Impeachment from the Democratic Alliance went bad and the ANC voting for themselves and their leader. That failed sadly enough. So the situation is stagnating in one way as the National Assembly through the Power of ANC have kept him safe, legally, but with the ANC Veterans and Stalwarts speaking-up for him to resign. That happens together with ANC Branches distancing themselves from the Executive might help the cause to stop the man with no ethical or scruples coming to governmental funds to personal use. The man who can buy swimming-pool and amphitheater can easily use the funds to fund his family into businesses and use the governmental ties to gain economical gains in the country. Therefore he has close relationship to the businessmen of the Gupta Family and their businesses as their money is a great way of creating business for the grander Zuma Family. They can together make good money without too much work for themselves, but let the working-class pay for their wealth. So the aftermath of this is not over.

ANC have to sides now, the ones for Zuma, the other one for his resignation. As the ones stand for loyalty to the Executive and the new Elite of the South Africa, while the ones standing for his resignation is for ethical, accountable and good governance for the South African Government that is built on the principal regime of the Constitution that President Zuma could less care about; he is more busy spending time with his family at the fire-pool while using the air-condition system bought by the RSA tax-money. Peace.
Reference:
ANA – ‘Zuma impeachment motion fails’ (05.04.2016) link: http://www.enca.com/south-africa/zuma-stays-opposition-loses-impeachment-vote
Claymore, Ezra – ‘BREAKING: Mcebisi Jonas admits Guptas offered him Nhlanhla Nene’s job’ (16.03.2016) link: http://www.thesouthafrican.com/breaking-mcebisi-jonas-admits-guptas-offered-him-nhlanhla-nenes-job/
Department Public Works – Task Team Investigation Report on Security Measures at Nkandla (19.12.2013), Republic of South Africa
De Wet, Phillip – ‘Zuma defends his Nkandla ‘family home’ in Parliament’ (12.11.2012) link: http://mg.co.za/article/2012-11-15-zuma-defends-his-nkandla-family-home
Gilbert, Paula – ‘JSE concerned about finance minister’s dismissal’ (11.12.2015) link: http://www.itweb.co.za/index.php?option=com_content&view=article&id=148543
La Redaction – ‘Nhlanhla Nene: the very first «Black» South African Minister of Finance’ (27.05.2015) link: http://www.africatopsuccess.com/en/2014/05/27/nhlanhla-nene-the-very-first-black-south-african-minister-of-finance/
Mbuyiseni, Quintin Ndozi – ‘Nhlanhla Nene axed for saying no to illegal instructions – EFF’ (09.12.2015) link: http://www.politicsweb.co.za/politics/nhlanhla-nene-axed-for-saying-no-to-illegal-instru
Nhlanhla, Nene – ‘Medium Term Budget Policy Statement 2015 – Nhlanhla Nene’ (21.10.2015) link: http://www.politicsweb.co.za/documents/medium-term-budget-policy-statement-2015–nhlanhla
Ngwenya, Faith – ‘AN OPEN LETTER TO THE HONOURABLE MINISTER OF FINANCE, DAVID VAN ROOYEN’ (11.12.2015) link: http://www.saipa.co.za/pressreleases/416648/open-letter-honourable-minister-finance-david-van-rooyen
News24 – ‘FULL JUDGMENT: Constitutional Court rules on Nkandla’ (31.03.2016) link: http://www.news24.com/SouthAfrica/News/full-text-constitutional-court-rules-on-nkandla-public-protector-20160331
News24 – ‘Manuel hints at ‘outside hand’ in Nene dismissal’ (20.12.2015) link: http://www.sabreakingnews.co.za/2015/12/20/manuel-hints-at-outside-hand-in-nene-dismissal/
Institute for Accountability in Southern Africa (IFAISA) – ‘STATEMENT ON THE REMOVAL OF NHLANHLA NENE AS SOUTH AFRICA’S MINISTER OF FINANCE’ (10.12.2015) link: http://accountabilitynow.org.za/statement-on-the-removal-of-nhlanha-nene-as-south-africas-minister-of-finance/
Skade, Thandi – ‘Jonas received SMS threat ahead of Gupta revelation: report’ (17.03.2016) link: http://www.destinyconnect.com/2016/03/17/jonas-received-sms-threat-ahead-of-gupta-revelation-report/
The Public Protector – ‘Secure in Comfort’ Report no. 25 of 2013/14 (March 2014)
Zuma, Jacob – ‘Statement by President Jacob Zuma on the appointment of new Finance Minister’ (09.12.2015) link: http://www.thepresidency.gov.za/pebble.asp?relid=21217
Zuma, Jacob – ‘Presidency corrects malicious rumours about SAA, National Treasury and Ministerial deployments’ (12.12.2015) link: http://www.thepresidency.gov.za/pebble.asp?relid=21227
Zuma, Jacob – ‘Announcement of new Ministers of Finance and COGTA’ (13.12.2015) link: http://www.thepresidency.gov.za/pebble.asp?relid=21231
DNB Nor plan of setting up a Carlson Funds as a “Societe Anonyme” (S.A.) to initially save taxes and write of their subsidiary in Luxemburg; they might claim differently to save face, but the agreement with Luxemburg Authorities says otherwise!

The Company in Scandinavia famous for getting George Clooney to be parts of their commercials and being synonymous with the Norwegian National Team of biathlon, making Ole Einar Bjørndalen wearing a Vital hat to the races and competition as a display of one of the main sponsors of the National Team. That is ordinary in sports, and is ordinary in the time we live in. So that a big bank is supporting a National Team is everyday event, but that is not what I will write about and discuss. As I got to read one of the papers in the Panama Papers leak. Here it is and hope you can see how DNB Nor ASA used the opportunities for meager taxation and higher earning for their subsidiary.
Before you continue her is a classy ad from the company:
Now we will see how the Norwegian Company can also be a little greedy and trying to avoid taxes in Norway, but still earning the profits and having accounts, but using the PriceWaterCoopers (PWC) offer for a Shell Company in Luxemburg to save taxes and still keep the funds in safety in Luxemburg. That is the grand DNB Nor who is the largest bank group in Norway.
Here is how they do it, and it is epic ways of using the shell-companies to avoid Norwegian tax regime and use a Corporate Fund that is a S.A. “Societe Anonyme” as financial company in Luxemburg to simply benefit from the specific tax status for a company in Luxemburg instead of the Norwegian one. Let me take you for a ride!
What is the Carlson Fund Management Company S.A.:
“Carlson is a Luxembourg resident company incorporated on August 14, 1990 as a limited company (“Societe Anonyme”) in order to develop the German and other European markets” (…) “Carlson is a company of DnB Nor group (hereafter the “Group”). The Group is Norway’s largest financial services group with total combined assets of NOK 1,834 billion. It includes strong brands such as DnB NOR, Vital, Nordlandsbanken, Cresco, Postbank.en, DnB NORD and Carlson” (…)”Carlson is part of the life and asset management branch of activities of the Group, DnB NOR Asset Management. It is Norway’s largest fund manager and has a leading position within discretionary asset management for institutional clients in Norway and Sweden” (…)”Until July 28, 2006, the purpose of Carlson was the creation, management and administration of a unique fund, Carlson Fund, created in Luxembourg on August 31, 1990. In this respect, based on the Luxembourg law on UCis, Carlson benefited from a specific tax status exempting the company from Luxembourg corporate income tax, municipal business tax and net wealth tax”.
You think that is saga in the making just see what more they did to secure lesser tax in Norway and close to none in Luxemburg, because corporate greed is what makes the world run like Ussain Bolt!
“By resolution of the Extraordinary General Meeting (“EGM”) held on July 28, 2006, Carlson has amended its by-laws in order to comply with the law of December 20, 2002 transposing the UCITS III Directive 85/611/EEC into Luxembourg law. Since the EGM, Carlson has been responsible for the management and administration of several investment funds. Carlson currently manages a portfolio of funds under 3 fund umbrellas: Carlson Fund, DnB NOR Fund and more recently DnB NOR Part II Fund since February l, 2008 (hereafter the “Funds”)” (…) “As from the date of the EGM (i.e. July 28, 2006), Carlson became subject to an unlimited tax liability and is considered as a newly incorporated entity for tax purposes”.

You think that is bad and telling how the Carlson entity of Luxemburg, which funds and fueling money from the DNB Nor and their subsidies and banks in Norway. As he Tax is high here for any profitable business, this kind of transaction and order clears lots of funds from the Company and banks, which gives higher profits, because of less tax as they follows through consultation to follow the exemptions laws in the tax-haven. Here we go!
How do they secure the tax-exemption with the laws in Luxemburg?
“Based on article 35 (4) of the Luxembourg Income Tax Law (“LITL”), when a company becomes taxable, all its assets and liabilities have to be valuated, at the time of the conversion, at their fair market value The assets and liabilities concerned are those “contributed” to the fully taxable entity, including intangible assets (article 59 (2) LITL)” (…)”the tax balance sheet has to take into account all the assets and liabilities of Carlson (i.e. the whole assets and liabilities whose, by nature, intend to serve the activity of the company2) including the valuation of the management contract. The administrative doctrine precises that is assimilated as an asset all the potential assets that can be exploited in the context of the activity of the company and with an individual economic value” (…)”Carlson has to revalue its capital in its opening tax balance sheet. The revalued capital includes the share capital of the formerly tax exempt company, the reserves accumulated by Carlson until the moment of the conversion, as well as the revaluation reserves resulting from the step-up at the moment of the conversion. The revalued capital is treated as “fiscal capital” in the hands of Carlson from a tax point of view. Any repayment (of part) of this “capital” to Carlson’s shareholders will therefore not be subject to withholding tax in line with the provisions of article 97 (3) b LITL”.
Now we have seen how the DNB Nord have put a S.A. Society Anonyme with the Carlson Funds to drop money into the Tax-Haven of Luxemburg as the DNB thinks the suits of Luxemburg to perfection and wondered if Barney Stinson bought suits made for Luxemburg.
DNB set up the Society Anonyme is set up with a new “EMG” to get unlimited tax-liability in Luxemburg. So the advice made the funds from the company under the Carlson from the time of the board-meeting by law of the 28. July 2006. The continued thing they did was to take their assets and monies fueled into the Carlson Funds, so the liabilities together with all of contracted value and management in the tax-balance sheet. So there fueling of moneys into the Fund is also fiscal capital and because of the status of the S.A. hide more in the secret company there.

Then the control of Carlson Funds is by all means controlled by DNB Nord as written here:
“As an example, a major part of the support activities (e.g. accounting) is done in close collaboration with the members of the Group located in Sweden/Norway. Moreover, the members of the team managing Carlson in Luxembourg are all senior officers originated from the Group. Consequently, the distribution of the Funds in Luxembourg is mainly performed thanks to the support of the Group”.
Here is what the group is supposed to pay in tax:
“Taking into account the total 2006 and 2007 value of the business compared to the total 2006 and 2007 annual profit before tax, Carlson will pay an annual and arm’s length remuneration in accordance with articles 56 and 164 (3) LITL to the Group for its support representing 65,92% of its annual profit before tax” (…) “Carlson will benefit from such retrocession of fees over a period of 10 years. As the taxable activity of the Company started in 2006, we propose to recognize such retrocession as from August I, 2006 until the financial year 2016” (…)”The computation of the percentage of notional retrocession of fees will be subject to a supervision period of 4 years (2006-2010). In case of significant/major changes in the business in Luxembourg, Carlson commits itself to inform the Luxembourg tax authorities of any significant changes that would modify its business and/or its tax position in order to agree on the more appropriate tax treatment”.
If you wonder what retrocession means that is planned underwritings of the earnings of the company. Underwritings or retrocession is usually a volunteer act of a company to return property or ceding property, though usually by request and not by forced transaction. Also the underwriting is also done to diversifying assets by consolidating them amongst the stakeholders. That means the last one the percentage of the company which is 65 % of the profits of DNB NORD’s Carlson Funds will dived 65% of the funds to the stakeholders of the company. Initially meaning that the Stakeholders or the Owners of the DNB NORD and that before any tax in Luxemburg, which is beautiful business model for the Stakeholders and for the ones owning DNB, and by literal controlling Carlos Funds.
The Company found another way to dodge a little more tax:
“Net Wealth Tax: As no intangible asset is recognized in the tax balance sheet of the Company, there is no increase of the unitary value of Carlson for net wealth tax purposes”.
This is initially saying that since they have not written any assets of value when they started to operate, therefore they does not have assets or monies worth to be classified for the Wealth Tax Purposes in Luxemburg. Here was yet another way of using the loopholes in Luxemburg to get even less taxation and a favorable way of using the tax-system there.
This article in the middle of the charter of Carlson Funds says the truth of the company:
“The purpose of the corporation is the creation, administration and management of one or several Luxembourg and/or foreign collective investment funds in transferable securities authorized according to the Directive 85/611/EEC, as amended (”UCITS”) and of other Luxembourg and foreign collective investment funds not covered by trus Directive (“UCI”) (all together the “Funds”) on behalf of their unitholders or shareholders in accordance with the provisions of chapter 13 of the Luxembow-g law of December 20, 2002 on undertakings for collective investment, as it may be amended from time to time (the “2002 Law”) , and the issue of certificates or statements of confirmation evidencing undivided co-ownership interests in such Funds. The corporation shall manage any activities connected with the management, administration and promotion of the Funds. It may on behalf of the Funds, enter into any contracts, proceed to any registrations and transfers in its nam~ or jn third parties’ names in the register of shares or debentures of any Luxembourg or foreign companies, and exercise on behalf of the Funds and the holders of certificates of the Funds, all rights and privileges, especially all voting rights attached to the securities constituting assets of the Funds. The foregoing powers shall not be considered as exhaustive, but only as declaratory”.

This here says enough of the practices of the Norwegian Banking group of DNB Nor or DNB Nord ASA had a subsidiary for recess their tax-operation and use the lucrative opportunities for keeping the profit without having issues with the Tax-regime in Norway. As the Norwegian rules and tax-regulation without studying them is stricter and has to be stricter than this. Because the end of the Tax contract with Luxemburg disclose the information where they are planning not to pay for their “Net Wealth Tax Due”. So even if the funds grow massively and the monies invested in the Carlson Funds, the opportunity to underwrite 65 % before the tax on its profit and that is possible with the “underwriting” method. In that sense the taxation of the will always is 10% on very little part of the funds, as the stakeholders can theatrically take 65 Euros on the 100 euros. Leave behind 35 Euros of it profit and pay 3, 5 Euro on the 100 Euros of Profit, that is a beautiful operations. If it wasn’t for the underwriting of the revenue then the company would have by the standard tax of Luxemburg paid 10 Euros of tax. 10 Euros is not much of a profit of 100 Euros, but still vastly more than 3, 5 Euros, the difference by quick calculation is 6, 5 euros. That is nearly a price of a Big-Mac Combo-menu that cost around 8 Euros in Luxemburg.
That is because of the technic of underwriting and sharing that with the shareholders and stakeholders of the Carlos Funds S.A. in Luxemburg which is their subsidiary. As written so nicely to the Luxemburg Department of Tax Collection in 2nd July 2008:
“on behalf of our client Carlson Fund Management Company S.A. (hereafter also referred to as “Carlson”), we respectfully request you to confirm, in writing, the content of this letter as to the Luxembourg tax treatment applicable to the situation described herein”.
That the Carlson was supposed to get the reasonable Tax Treatment for the company so there was a hashed plan from the get-go together with the Company of PriceWaterCooper. The plan was made an acted upon. This would not been possible if the DNB Nor did not use the guidance and setting up the charter after the laws there and follow the guidelines of the company setting it up for making sure of having less tax.
As explained with the 100 Euros scenario. The certainty is not any excuse from the DNB Nor can tell away. As they explained in 2016 to the Norwegian Press:
“No, DNB Luxemburg does not help the costumers to avoid tax. The Advisors function as discussion and talking-partners when it comes to financial questions, which offers legal and legitimate tax-plan for the costumers who live abroad. It could for example be about advice about financial-solution, cross-border transactions, complicated inheritance-regulation and other taxing environment that would be different from the ones who are living in Norway” (…)”DNB does not operate in Luxemburg because of taxation (Foss, 2016).
Well, I have already explained there operation and how they get to pay as little tax as possible through their operation. So DNB Nor had or still have the Carlson Fund Management Company S.A. in Luxemburg to save taxes and earn more monies in their operation and company there. Something they would be able to do in Norway or under Norwegian taxing regulation. Peace.
Reference:
MF I/ECCi/ AEGN/C21108001 M-PEWR – “Carlson Fund Management Company S.A. – Identification tax number: 2006 2240 378- Recognition of a license fee for tax purposes” (02.07.2008) – PriceWaterCooper (PWC)
Foss, Andres Bakke – ‘DNB i redegjørelse i 2014: DNB Luxembourg hjelper ikke kundene med å unndra skatt’ (08.04.2016) link: http://www.aftenposten.no/okonomi/DNB-i-redegjorelse-i-2014-DNB-Luxembourg-hjelper-ikke-kundene-med-a-unndra-skatt-8422413.html#xtor=RSS-3
Press Release: IMF Staff Completes Review Mission to Rwanda (05.04.2016)

WASHINGTON D.C., United States of America, April 5, 2016 – An International Monetary Fund (IMF) team, led by Laure Redifer, visited Kigali from March 22–April 5, 2016 to carry out discussions with the Rwandan authorities on the fifth review of their economic and financial program supported by the IMF’s Policy Support Instrument (PSI)[1], and to reach understandings on economic policies that could be supported under the IMF’s Stand-by Credit Facility (SCF).[2]
Ms. Redifer issued the following statement at the end of the visit:
“The IMF team reached staff-level agreement with the authorities, subject to approval by IMF Management and the Executive Board, on policies that could support completion of the fifth review of Rwanda’s PSI-supported program, as well as a new agreement on an 18-month arrangement under the Fund’s SCF. The Executive Board meeting is tentatively scheduled for May 2016.
“Rwanda’s economic performance in 2015 remained robust, with GDP growth of 6.9 percent. Growth in 2015 was buoyed by strong construction and services activity, with agriculture and manufacturing also performing well. Consumer price inflation remained contained, averaging 2.5 percent for the year, though it increased in the second half of 2015 due to higher food prices and administrative price increases. In February 2016, prices were 4.4 percent higher than a year before.
“However, new challenges emerged over the course of 2015 as a result of global developments. Lower prices and demand for Rwanda’s minerals almost halved the country’s mineral exports, leading to a significant loss of export revenue. This was exacerbated by lower-than-projected inflows of private capital and remittances, which together led to downward pressure on the Rwandan franc and foreign exchange reserves.
“Despite these developments, macroeconomic policy performance through end-December 2015 remained in line with program objectives. Most quantitative targets were met, and were supported by structural reforms, notably changes to boost domestic revenue collection, reduce liquidity overhangs, strengthen financial market supervision and functioning, and improve domestic revenue collection. Planned measures to revise the law for property taxes and improve the timeliness of public reporting on budget execution are taking somewhat longer than originally anticipated.
“Over the medium term, growth prospects remain in line with Rwanda’s high potential, and the mission welcomes ongoing initiatives to promote export diversification and encourage local production of what Rwanda currently imports, in order to improve Rwanda’s resilience to external shocks. These policies will, however, take time. In the near term, more immediate measures are needed to deflate external pressures and stem the drop in foreign exchange reserves. The mission welcomes, therefore, the authorities’ commitment to implement more cautious monetary policy and postpone some non-priority public spending to help dampen still-strong demand for imports. Allowing the exchange rate to continue to adjust as necessary will be critical in this regard. The mission expects that successful implementation of these policies will maintain economic growth at around 6 percent, while keeping inflation below 5 percent.
“The mission commends the authorities for decisive economic policies aimed at safeguarding external sustainability and reinforcing Rwanda’s long-term development potential. The mission also welcomes the authorities’ ambitious program of supporting forward-looking policy reforms aimed at strengthening the efficiency of public spending; and improving tax compliance.
“The mission met with Minister of Finance and Economic Planning Honorable Ambassador Claver Gatete, Governor of the National Bank of Rwanda Honorable John Rwangombwa, Minister of Trade and Industry Honorable François Kanimba, and other senior government officials, private sector representatives, and development partners. The mission thanks the authorities and other interlocutors for the open, fruitful and collaborative discussions.”
[1] Rwanda’s PSI was approved by the IMF Executive Board on December 2, 2013 (see Press Release No.13/483). The PSI is an instrument of the IMF designed for countries that do not need balance of payments financial support. The PSI helps countries design effective economic programs that, once approved by the IMF’s Executive Board, signal to donors, multilateral development banks, and markets the Fund’s endorsement of a member’s policies. Details of Rwanda’s current PSI are available atimf.org/rwanda.
[2] The SCF supports low-income countries that have reached broadly sustainable macroeconomic positions, but may experience short-term financing needs, including those caused by shocks. The SCF supports countries’ economic programs aimed at restoring a sustainable macroeconomic position consistent with strong and durable growth and poverty reduction. (see imf.org/external/np/exr/facts/scf.htm).
Press Release: IMF Staff Completes Review Mission to Uganda (06.04.2016)

WASHINGTON D.C., United States of America, April 6, 2016 – A team from the International Monetary Fund (IMF) led by Roger Nord, IMF Mission Chief and Deputy Director of the African Department, visited Kampala from March 21 to April 6, to conduct the sixth review of Uganda’s economic program supported by the Policy Support Instrument (PSI).[1]
At the end of the mission, Mr. Nord issued the following statement:
“In a complex global, regional, and domestic environment, affected by election-related uncertainties, Uganda’s economy continued to perform well. Economic growth is expected to reach 5 percent in the current fiscal year and accelerate to 5.5 percent in FY2016/17, supported by the scaling up of infrastructure investment. Following a sharp depreciation of the shilling, inflation increased, with core inflation reaching 7.6 percent in December 2015, though it has since then decelerated to 6.9 percent.
“Performance under the PSI has been mixed. There has been progress on increasing tax revenue, strengthening international reserves, extending the Treasury Single Account to local governments, and establishing public investment management guidelines. The decisive monetary policy response, in the context of appropriate exchange rate flexibility, contributed to the stabilization of the shilling and successfully curbed inflation expectations. However, the end-December 2015 overall deficit target was not met, poverty reducing expenditures were below target, and some structural reforms suffered delays.
“The mission commends the authorities for the steadfast implementation of fiscal policy in a complex electoral environment. Revenue over-performed through end-December 2015 and expenditure pressures were reasonably well controlled. While some fiscal tightening had been envisaged in late 2015 in the face of significant exchange rate pressures, the economy subsequently stabilized more rapidly than expected, leading the authorities to revert to the original budget targets. However, there were some renewed fiscal pressures in early 2016, including a slowdown in revenue and some additional spending. The mission welcomes that the supplementary budget currently before parliament aims at minimizing year-end slippages. The mission encourages the authorities to strengthen efforts to boost taxpayer compliance to compensate for the revenue shortfall.
“The mission welcomes the 2016/17 budget currently before parliament, which envisages a continued scaling-up of infrastructure investment while boosting domestic revenue by 0.5 percent of GDP, in line with the objective to raise Uganda’s revenue performance to levels observed in regional and other peers. The mission encourages the authorities to continue building capacity and controls to manage large public investment projects. It will also be important to avoid within-year reallocations from public investment to less productive government spending.
“The mission welcomes the decision by the Bank of Uganda (BOU) to lower the central bank rate, consistent with the forecast of core inflation returning to its medium-term target. The mission commends the BOU for its effective communication strategy, which contributed to well-anchored inflation expectations, reflected in sharply falling yields in recent weeks. The appropriate easing of monetary policy should provide a welcome boost to private sector credit growth and support economic activity.
“The mission welcomes the approval of the amendments to the Financial Institutions Act, expected to foster credit expansion and deepen the financial sector. The mission encourages the authorities to expedite the adoption of appropriate regulations to implement the new Public Finance Management Act in line with international best practice. The mission also urges the authorities to complete the reconciliation and validation of the stock of domestic payment arrears and take all necessary measures to avoid their recurrence.
“The mission is reassured by ongoing efforts to ensure Uganda’s prompt exit from the Financial Action Task-Force’s list of jurisdictions with strategic deficiencies in the legal framework for combating money laundering and the financing of terrorism (AML/CFT). The mission urges the authorities to take the necessary steps to facilitate the prompt exit, including by passing the amendments to the Anti-Money Laundering Act and the Insurance Act before May 2016.
“The mission met with Hon. Mr. Matia Kasaija, Minister of Finance, Planning and Economic Development; Professor Emmanuel Tumusiime-Mutebile, Governor of the Bank of Uganda; Mr. Keith Muhakanizi, Permanent Secretary/Secretary of Treasury; and other senior government officials, and representatives from the business, and international communities. The mission thanks all counterparts for their collaboration.
“IMF Executive Board consideration of the sixth review of the PSI-supported program is expected by end-June 2016.”
[1] The PSI is an instrument of the IMF designed for countries that do not need balance of payments financial support. The PSI helps countries design effective economic programs that, once approved by the IMF’s Executive Board, signal to donors, multilateral development banks, and markets the Fund’s endorsement of a member’s policies (seehttp://www.imf.org/external/np/exr/facts/psi.htm). Details on Uganda’s current PSI are available at imf.org/uganda.
#PanamaPapers: A little reflection on the reason why these operation exisist and thrieving on the Fortunate

For those who have been surprised by the recent allegation and findings in the #Panama Papers that incites lots of politicians, the general elites and businessmen connected close to the governments. The money always talks, the money always moves and by any means possible.
For the wealthy and close connected they have the ability to forge networks and find businesses that earns coins on helping to move that money. But that is not for the ordinary people, as we pay a fortune to use RIA or Western Union to move between usually loved ones. But the Panama Papers are for whole other ordeal.

This here is for Tax Aviation’s and getting rid of extra burdens on the solid amount money they have gained. The persons and companies are set-up Shell-Companies to stack up money in British Virgin Island (BVI), Panama or Luxemburg. As this places doesn’t have that many inhabitance or sheep to earn money on, they earn tiny percentage on being “big-banks” for all kind of operations, while securing that the companies and persons involved can keep it discreet and silence. Until cover-ups like the recent ones shows the true color of the amount of money, that are dished away. The money that are stashed-away is millions upon millions of American Dollars; dipped away in a treasury chests that most economies would dream of having in circulation!
That should not be surprising as all of well-known government leaders are setting up and making it possible to have sophisticated economic systems that cross-borders for the benefit of trade; while these are used to ship the money from the places that have initially no taxes and programs that made up to build societies. This is also the places where they can have it without any concern, except some extra sunshine and a family resort at the beach, though I would not consider that in Luxemburg, unless suits and gas-stations are your thing.

The business-men and government officials, even relatives usually walks around with that without problems for decades as the banks, and the legal advocates set-up this fixed businesses to secure the fueling of their money. The worst thing is the loopholes and the ways that this decisive methods to undermine the local public to create and secure more funds for already wealthy clients. Where the bank as HSBC and lawyers of Mossack Fonseca divided fees to pocket the money that the client needed to send away from the shores and country-sides; where the money was raised and earned. While getting away from local agony of having fortunes and paying taxes on the high-incomes earned to the local communities.
If you we’re shocked of the values and the persons that was involved in the scandal of late, I wasn’t as the government officials, presidents sons and daughters; kin and other close connections have always gained extra through the cronyism or nepotism have been a thing since the Roman Empire, and does not stop any time soon. That the President Museveni of Uganda owns businesses and would have dashed a fortune for his grandchildren in an tax-haven through multiplied shell-companies. The same would not also be surprising on the Kenyan President Kenyatta who recently brought Sameer Diary and Livestock Limited who sells ‘Fresh Diary’ in Uganda through his company Brookeside. Surely his kins and family have some money abroad to secure in dire times might come. The same is certainly with President Kagame, who even been seen during the scandal that RPF-Elite men have been insiders in the scandal, as President Kagame have control and ease over it; surely he would skim over the top and gain some extra funds as the Executive. Similar is it in Democratic Republic of Congo where President Kabila sister is central profile in the scandal and shows how the monies and funds appear in tax-havens as she owns businesses and also the centralized economy around nepotistic and cronyism. Something that should not be shocking for anyone.

What this scandal shows is the amounts and estimates, this is through to major companies who serves this clients that are close by this totalitarian and big-men leaders who have close connected with central industries as they have to be granted and get contracts with government to drill oil, mining or even gain markets in the countries. With that power comes also embezzlement, kick-backs and percentage of the top that get skimmed through the advanced economic products that the blue-collar lawyers and bankers offers; they do that legally, but in a moral grey area as this thieving of government controlled funds in the name of the beneficiary or the shell-company in discreet secrecy. It’s not only dictators and their wives who are into it, I am sure if it wasn’t for the failed ‘Wonga Coup’ Mark Thatcher would still be up to game as the son-fallen from grace and proud family tradition; as even David Cameroon have been put into the mix. There is no shortfall when it comes to greed, and corporate greed never stops.
As the world leaders tries the best to hide their businesses and ownership through shell-companies and strawmen, or getting a cousin to run the business kind of like what Trump does to his son, just a little more subtle.

The governments are taking the sides of happy uncles as they all tries to open trades with tax-havens to keep businesses in their countries. The Companies who in many countries are seen as “Legal Person” can own land, own other businesses and be sued. Certainly with that power as stakeholders and shareholders does not care about other things than the bottom-line, they want to sell or sell enough services so that their earning a profit, by any means. That is why big businesses have been taken for tax-evasion in the UK this was Amazon and other online-retailers as they we’re officially legal unit in a tax-haven and not in the United Kingdom, though the products bought on Amazon was sent from a warehouse in UK, and sent to UK houses. The transaction between costumer who got the book from Amazon payed to a British account, but before the cash kissed the taxation to the Government of UK, it was sent to multiply Amazon shell-companies before ending at a Tax-haven. So that the United Kingdom get only pennies in tax compared to the Pound Sterling the UK state was supposed to earn from the Amazon LLC. That is just an example, but still important as a precise maneuvers the companies and international companies do, so they does not pay full-taxes or truthfully through sophisticated economic programs and revisions get the monies through foreign banks and tax-havens with help of legal teams in companies similar to Mossack Fonseca.

How to set up shop:
The LLC and Shell Companies will be used in market strategies as ghost straw-men for the owners sending monies through networks of intricate syndicates and money-laundering operations; That make Uncle Scrooge or Scrooge McDuck wishing he was a real person and not a cartoon character made up by Carl Barks in 1952; instead he is owning a Oil Company drilling oil in either Kazakhstan, Nigeria or North Dakota. Where he got the proceedings through UBS AG or HBSC; where the profit gets through manufactured holding companies and sent to BVI or Guernsey; where the McDuck Oil Company has headquarter, by official paperwork. That paperwork is written and made by lawful actions through Mossack Fonseca; while most of the Blue-Collar men are working in the unofficial Headquarters in the heart in the City of London or New York. But their taxing is little or near none there, because of McDonald Oil is fixed in Guernsey; Where they only have a Post-Box at the island; which by my reckoning would forward the mail to London or New York as the employees would actually be there.
This is a way of getting the bottom-line and the more of the ends directly to the stakeholders and owners of these companies tries to advance with this opportunities, that we the ordinary citizen, commoner, person or fellow human being would not be offered, since we don’t have the money to fix this or hire these men to forward our money, as we need the cash we have to get a home rent or buy, get food on the plate, pay electricity, airtime, taxes and then trying to get a chocolate bar once in a while. There is where we are. The once who was surprised about these papers have had too much faith in their rich, the elites and the once who has fortunes. They do not want to share that fortune that they have earned on our governments and our consumption; while trying to avoid giving something back to society, and giving the government more funds to develop the society the rich are doing business in. Peace.
Sudanese president – Omar Al-Bashir: “We do not need foreign aid organizations” (Youtube-Clip)
“Sudanese President Omar al-Bashir said on Monday that his country does not need foreign aid organizations. He also described the aids by the organizations as the so called remnants of food tables in America.
SOUNDBITE (Arabic): OMAR AL-BASHIR, Sudanese President
“Take your aid to needy and poor people other than us. Sudan, with its bounties, does not need you. We are the one who aid others, and it is not likely for the organizations to bring us the remnants of food tables from America and others.” Al-Bashir made the remarks while addressing a mass rally at Nyala, the capital city of South Darfur State” (New China TV, 2016).

