MinBane

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Archive for the tag “British Tax-Havens”

Opinion: The rich are so poor nowadays!

“The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little.”Franklin D. Roosevelt

Well, this time in history will be remembered, in the times that the multi-national corporations have most of them fled their regional scenes and put their headquarters and main operations into tax havens. Therefore, with this in mind, the states and republics that actually is where they make the profits get less tax and get fewer monies to spend on public services. That does not make them poor, but smart someone might say. This is legal and the openness of the economies let them do it, but to be frank, we should question this big giant corporations for their fleeing fortunes abroad.

The corporations are not alone in all of this, the rich people themselves cannot sustained this, they cannot afford to pay reasonable taxes, and they need tax-relief so they can salvage their Monte Carlo and their Lamborghini’s. They have their massive mansions and stalls of cars, but cannot pay the percentages on the tax as ordinary working-class do. In addition, the working-class use decades on end to pay down the mortgage on the house and loan on their Ford Fiesta. If they can even afford a house and a car at his point.

The American enterprise and experience is really seeing it, as they plan to repeal and replace Obamacare, because the wealthy are too broke or to selfish to help the working-class who made them rich. That the working-class and industrial worker are falling behind as new schemes to outrun their possibilities. The corporations and the believers of free economies want more flexibility, but do not give equal wages or compensations. Therefore, the loser in the transactions are the workers and not the companies. Secondly, the states earn less without added productivity.

It is naive that the businesses care about other things than the bottom-line is vicious, like the wealthy have the capacity to share the spoils, which they have earned on the commoners and the citizens. Therefore, the spoils, which in some industries entails sweatshop workers and exports to the Western hemisphere with grand profits for the clothing and appeal giants. Something that the workers in Bangladesh or Pakistan doesn’t see anything delivered back, than a filthy industrial complex and possible health hazards for their hours work on end for a lousy T-shirts.

The others are the ones who are doing mining and extraction for the technology and IT businesses that has no issues with the illegal and militias taking controls over mining fields and black-market trading of rare earth minerals or cobalt for that matter. As long as the giant companies trading computers, smart-phones and whatnot get their profits. Certainly, the CEO and other leaders in the corporations should worry of the implications and the lives destroyed while their businesses are earning loads of monies. There should be some sort of certification of the weak trading points; if they knowingly paid, some of the monies on technology could fund militias and illegal armed conflicts.

This is real poverty, that we have systems, salary structures and imports that hurt local areas, while the businesses earn fortunes, that again is flying on the merry to a tax haven in the pacific through a shell-company set-up by lawyers in Panama. In addition, this is legal and just, by law and in society. That the same companies telling their workers that they cannot afford more wages, since they have to stack millions upon millions in the British Virgin Island. So that the shareholders and stakeholders can earn profits for the toils and sweat of fellow workers.

So when I hear that the workers cannot ask for bigger salaries, while the states and republics create tax-holidays and tax-breaks, incentives for “investments” while the big-men are doling away vast fortunes in the middle of the day. Like a legal heist, a theft of both tax and salary, the salaries that could be used more in the system to gain growth, and secondly the added tax that could build roads and infrastructure that the company could need. However, hey, we do not need proper roads and wages, as long as the rich can travel to Monaco and St. Tropez whenever they feel like it. We are foolish to think otherwise!

When you hear that the rich has to get tax-breaks and their taxes cut, know that they are poor in spirit and heart. They may have vast fortunes and riches, but their hearts are empty. They do not see the problems of the day-to-day basis of the ones creating their empires. They do not see the people who buys their labeled products and services. They only see the bottom-line, the empty shells companies’ accounts and the schemes to hide the monies. That is because these wealthy people are so poor; they cannot afford to be like the rest of us.

The wealthy are so poor, they are so poor that they have to avoid taxes or pay taxes, because if they were paying taxes they would be like us. They would have the same responsibilities and have the same understanding of welfare and public services. Therefore, since they do not need the public service, they can afford to travel abroad for health-care; they can afford to send their kids to private schools and can afford to import goods. Then they do not need the support and the base line of the republic or the state. Like you and I do. Therefore, with that in mind, which is why they are so poor. Their poverty is in the mind and in their spirit; they cannot be a part of us, because they want to shield themselves from us. Still, earning our monies and taking our cheap labor, no problem!

This poor people need help, they need guidance, their riches might fall out of their hands, might be lost in coup d’état or worse than they get bankrupt. Than they need the states to salvage their business or their bank, with our tax-monies, without any hesitation, but when it was booming. That was the time they had no need of paying taxes or paying amends to the state through the regulations. Like we do and pay for our right to live and use the needed services of the states.

In these interesting times of ours, we have the riches seeking to pay-less, while the working-class is footing the bills or trying too. While the republics and states make it harder for public service and make it more expensive to pay for the needed services. This are all made in the hands of the wealthy and the multi-national corporations, without considering the implications of the commoner, the working-class nor the middle-class that are all sinking on the behalf of the rich. Certainly, the belief that the trickle-down economy should be a project avoided, but to many still have faith in the paradigm. While very, few have any social mobility or have the capacity to go from one class to the next. Peace.

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Opinion: Before PM Cameron of the UK blames others on Corruption, maybe time to claim blame for the fueling money in UK based tax-havens like the BVI?

David-Cameron-quotes

“We’ve got some leaders of some fantastically corrupt countries coming to Britain… Nigeria and Afghanistan, possibly the two most corrupt countries in the world,” – David Cameron on the 10th May 2016 at the Anti-Corruption Summit in London, UK

David Cameron, the United Kingdom Prime Minister said the one day that Nigeria and Afghanistan was fantastically corrupt. That might be true. But I will write today, because of the bliss arrogance of the United Kingdom, why trying to play the higher moral background and their own actions that opens up for these activities.

Knights

It is easy to shoot at dragons, because they are big and visible, they are flying and looking likes a monster. There is easy to shoot, what is worse is to actually kill, that is why we have legendary tales of knights killings dragons and taking control of them. That is why they have existed in our novels and stories as they are bigger then elephants and more powerful as well, as they could control villages with fire. So with that in mind; when I discuss the matter of Corruption, it is a dragon and it burns as these wealthy companies and world leaders have power to silence people who writes about it or sack the editors behind it.

So the United Kingdom, the British, the luxurious capital of London and Financial Centrum of the City of London is vital in their economy as the accepted rich and wealthy immigrants of oligarchs and daughters of despots are welcomed with open arms as the town and even football clubs like Chelsea Football Club is bought by one of them, Roman Ambramovich who bought Chelsea back in 2003 and after that have spoiled the club with Russian oil money. So the United Kingdom have complained when rich people use questionable funds in their territory, as it was not made by bad deals and trades in Swindon, but in middle of Siberia or anywhere else.

Buhari Quote Corruption 2016

That is why I am bit late to plate, I know, but that PM Cameron, should watch his mouth more closely is that the Panama-papers shows that vast amount of money are going from all around the world to British Tax-Havens, that in the midst of that gives back shillings to his tax-coffers, small the contribution might be, it is still there instead of where the money was earned or moved from in a sophisticated layered Limited Liability Company (LLC) that are based in Nigeria, but have the Headquarters in British Virgin Island (BVI), still the owner is living in Lagos. So the money is funded through the BVI account and the profits ends in the hands of owner; instead of paying proper tax to the Federal Inland Revenue Service (FIRS)

Like even Zimbabwean Companies like Randa Two Limited and Randa Three Limited are registered in BVI, and that is a country with nonsense economy and where the central government controls it all, even with sky-high inflation and massive corrupt state official; still the BVI have no problem accepting their money.

Togo Cartoon

You have even controversial businessman from Togo, Prasad Motaparti through the company Ballyward Limited who is registered in the BVI, where the money is sent from an address in Lome in Togo through this postbox into the account of the company in the BVI. So surely the money Mr. Motaparti has earned either in Mining or other in Togo is susceptible actions.

When PM Cameron of UK have a problem with the corrupt and embezzlement in Nigeria, as he claims, still his nation under the BVI still accepts for instance the Account under the Goldflow Group Limited with the Stakeholder Manjit Singh Lit. It was a working company from 2009-2011, but it shows the heritage of cash-flow to the BVI with links from Nigeria. One that is current and own partly by one of the greatest companies of Zenith Nominees Limited and Zenith Secretaries Limited that runs a company in the BVI named KENMEAD Investment Company. So these stakeholders hold money in BVI through the KENMEAD Investment Company, which is proof of the connection between UK and Nigerian money.

OFFSHORE_THUMB_system_261-001

I could have gone on, I don’t have the tallies or numbers on the connection between the Companies sending money from businesses in countries that are corrupt and transferring them through procedural business-models that securing tax-evasion in the BVI. The BVI is a part of UK, which means under the jurisdiction of PM Cameron, who claims that other leaders are corrupt. That might be true, but he has tool in his pocket where these leaders can unleash their corrupted and embezzle state funds. Therefore that he crassly addresses other leaders, he should walk more careful when he is responsible for a Tax-haven. He has himself even been caught with having funds in company in a Tax-haven. So the “do what I say, not what I do” is an ordinary politician of our time.

So if PM Cameron is serious… and wants to combat corruption he should stop the ability to fund monies through the British Tax-Havens as the companies and rich leaders they use these to secure the money without nearly paying any tax, while securing less funds for the corrupt countries. These leaders have no moral high-ground only greed, so to stop the ability inside British territory would be a serious action as the BVI is used as tool by these rich embezzlement kings and queens, by the ones who are involved in countless graft and acting corrupt. The corruption is activities to secure tenders and mask money from the corporations and state funds. This is then transferred through sophisticated transferred made by Lawyers and into second and third companies who then fuel the money back to the stakeholder without the ordinary tax on the profits of the transactions. So the corrupt are using these shell companies in the BVI.

icijfullsizepropertymap

So as long as Prime Minister David Cameron is in charge he can decide and make the House and Parliament of United Kingdom to amendment of laws and determine to create other kind of practices than the ones that are happening now in BVI. As the BVI is like this:

The British Virgin Islands are an internally self-governing overseas territory of the United Kingdom. The United Nations Committee on Decolonization includes the islands on the United Nations list of Non-Self-Governing Territories. The Constitution of the Islands was introduced in 1971 and amended in 1979, 1982, 1991, 1994, 2000 and 2007. Executive power is exercised by the government. Legislative power is vested in both the government and the House of Assembly. The Judiciary is independent of the executive and the legislature. Military defence is the responsibility of the United Kingdom” (BVI.org).

So even if it is self-governing territory, it is still under the United Kingdom; the legislature is the responsibility of the United Kingdom, that falls in the hands of PM Cameron and where he does his day job as elected official and as an Prime Minister, he is the ones together with the other elected representatives makes the laws that are the legislature in the BVI. So if David Cameron have heart and serious about cracking down on corruption then he should start to clean up his own shop. Start with BVI and then the other Tax-Havens! Peace.

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