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Posts tagged ‘Tax haven’

Welcome to TAX haven Ireland for the rich and Austerity hell for the ordinary Joe!

By Thomás Aengus O Cléirigh

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Welcome to TAX haven Ireland for the rich and Austerity hell for the ordinary Joe!

Welcome to TAX haven Ireland, where the hard presses ordinary PAYE taxpayers have to subsidise the world’s largest corporations, the world’s largest hot money centre holding 2.7 trillion euro’s in hidden bank accounts and where not one red cent tax is been charged by our sell-out politicians who are in bed with the very crooks who are hiding their hot money down at the IFSC in Dublin.

So we the Irish have our Natural Gas stolen from us , our Oil reserves stolen from us and we nearly had our Forests stolen from us and now I hear we are about to lose the countries Gas company to vultures and pals from corrupt politicians who were voted in to office to protect our nations interest ! Instead we find these corrupt gangsters are helping hidden moneymen steal our national treasures!.

As long as the ordinary workers of this country are forced to take the burden of bailing out gangsters in our banks, corrupt corporation, and implementing policy from unelected special advisors who all have their own self interests at heart we the people are going to be bled dry. The brightest and best are leaving the country in droves and the gombeen politicians are feathering their own nests while our people are crushed under ever increasing taxes and austerity measures designed to beat down any notion of an Independent people!We have become a nation of financial debt servers !

Our political elite are all in good spirits as the latest polls are indicating the crooks running our country have little to fear of the people rising up, we are it seems a complying bunch!. With the world’s largest companies paying little or no tax, we the ordinary people are going to have to pay for all the shortcomings! For every euro these corporate leeches do not pay tax Ordinary Joe has to do without community services , a dismantled health service and diminishes educational  prospects for our children. How long are we the ordinary people going to stay on our knees and allow this Austerity hell continue? While the privileged suck our country and its natural resources dry??

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How long are we going to allow Merkel tell us when we can build a hospital or when and where we build our schools or when we die?

Where are the fighting Irish?? , wake up and see reality!!

The new culture of resistance

Economic dictatorships, puppet regimes, tax havens, tax dodgers, and the debt based money system the film explains why ‘you cannot count on the law makers to see shit when it first happens. To the Citizens of Ireland rise up against the wholesale enslavement of our nation .The Current government is nothing more than a bunch of puppets on the EU/IMF string.

Irish democracy is dead!

www.thepressnet.com

 

U2 and “Tax Havens”

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Dublin, Ireland. a protest outside the Department of Finance, nothing unusual there, only this time it was to do with Ireland’s most successful band. This protest saw members of the Debt and Development Coalition Ireland (DDCI) gathering Bono may campaign for a better deal for the world’s poor, but his band are taking advantage of the same tax avoidance schemes that rob impoverished countries of billions. outside the Merrion Street offices to voice their concern over U2’s tax avoidance. The coalition contains charitable organisations such as Trocaire and Oxfam (the world’s largest charity organisation) and they had clearly swallowed enough of Bono’s double standards. Nessa Ni Chasaide of Debt and Development Coalition Ireland said, “Bono may campaign for a better deal for the world’s poor, but his band are taking advantage of the same tax avoidance schemes that rob impoverished countries of billions.”

For more follow link to source: http://www.makebonopaytax.com/

 

Tax avoidance and tax havens like the IFSC are helping individuals and companies to avoid taxation through loopholes in the law or even employ illegal tax evasion methods :

Governments need tax revenues for investments in public goods and services like infrastructure, education, health care and a social safety net. These investments are of great important for national welfare, a good enabling environment for the private sector and for economic development in general. It is important that all individuals and firms, who are benefiting from these public services, contribute to this by paying a fair share in taxes. 

Some companies nonetheless use aggressive methods to avoid taxation through loopholes in the law or even employ illegal tax evasion. The scope of worldwide tax evasion is enormous. In the book “Capitalism’s Achilles Heel”, Richard Baker, one of the most renowned American experts on the field of tax evasion and money laundering, calculates that every year US$ 200 billion of corporate revenues depart from developing countries without proper taxes being paid.
 
It has been estimated that more than half of all world trade is going through tax havens to avoid taxation. Tax havens play an important role in the worldwide problem of tax avoidance and evasion. They undermine development in other countries, including developing countries, in four ways:

  • Secret bank accounts and offshore trusts in tax havens provide wealthy elites and companies with the means to escape their tax obligations. The big international banks and accountancy firms lend a hand by providing trust and tax planning services in tax havens;
  • Multinationals’ ability to substantially lower their tax burden by routing capital flows through mailbox companies in tax havens provides them with unfair competitive advantages vis-à-vis their – often smaller – competitors in developing countries;
  • Banking secrecy and offshore trusts offered by financial institutions in tax havens make it possible to launder the proceeds of political corruption, illicit arms deals, and other crimes;
  • Tax havens have contributed to the rising incidence of financial crisis that can destroy livelihoods in poor countries. Tax havens have contributed to the rising incidence of financial crisis that can destroy livelihoods in poor countries.

Tax avoidance is a worldwide problem that needs to be addressed. Both governments and multinationals should take action to counter this problem. There is also an important task for civil society organisations to stimulate public discussion around tax avoidance and tax havens.

Source   http://www.taxjustice.nl/?nid=63000

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