STARBUCKS’ TAX: JAMES BOND 007 - LICENSED TO COLLECT.

REPATRIATE THE $21 TRILLION OFF-SHORE CAPITAL.

007 LICENSED TO COLLECT

ENOUGH IS ENOUGH: When even the ultra-right wing UK Telegraph Newspaper reports that a major international company such as Starbucks coffee shops pays too little tax in OECD countries, we might suspect a major political change in back-tax-collection policies. Starbucks is just one among many transborder organizations named in the past year as shovelling their profits to tax-havens.

BENT AUDITORS: The arch villain of siphoning off to tax-havens was of course, ENRON, which had so many cheating companies on-shore, off-shore, on-balance-sheet, off-balance-sheet that even the party then in power, The Republicans, who promote "no taxes for the rich" and protect all corporate thieves and vandals, could not prevent ENRON’s crooked auditors, Arthur Andersen, the largest in the world, from being struck off and shut down.

I SAY AVOIDANCE - YOU SAY EVASION

THE FULL DAMAGE TO SOCIETY: When organizations cheat the taxpayers, say, of 25% tax on $5 billion profits, or $1.25 billion – the tax lost is only part of the crippling cost to the Homeland nation. What the web of bent companies does to “reduce” its reported taxable profits is to generate false invoices from its off-shore firms. These invoices are accepted as valid costs by the Homeland, customer-facing firms, such as ENRON, in for example the UK or USA. The false invoices are for the whole $5 billion - or more. The customer-facing firm then ships the whole $5 billion off-shore. If, for example, ENRON took the money from customers in the USA, that $5 billion leaves the US economy – and only comes back to the USA, if it ever does, as an Inter-Company-Loan at exorbitant interest rates. Rich nations have to borrow back their own money. These profit-siphon-invoices take many forms and stretch the imaginations of accountants, lawyers, directors and bankers to create. These pieces of paper are acts of fraudulent conspiracy by the corporate officers and advisors.

Follow up with Tax-Evasion-Capital-Flight.
A real and present danger to the global economy:.

TAX-EVASION-CAPITAL-FLIGHT

GLOBAL ECONOMY - BLOG ARCHIVE

IN THE GOOD OLD DAYS: Before respected Anglo-Saxon Business Schools preached the “smart” gospel of Cheat thy Neighbours and Screw thy Friends, so authoritatively and persistently, Captains of Industry made pots of money – and spent it back in the customer-communities. They built ideal towns, libraries, skyscrapers, factories, hospitals, schools, bridges and railways; they put it back into circulation; they made the money /capital work for their own customers; citizens who bought the company's products. Today, robber barons sell goods to homeland customers – and then immediately bugger off with all the cash to Delaware, Cayman, Lichtenstein, Monte Carlo or some other shady lawless hole where they can bury their ill-gotten gains. This is now done on such a large scale that it is ruining every OECD country.

THE RIVERS OF RIPPED OUT OFF-SHORE CASH SWELL BY $1 TRILLION A YEAR. THIS IS BANKRUPTING NATIONS AND DEPRIVING YOUNGSTERS OF JOBS.

HOW TO REPATRIATE THE CAPITAL: The false invoices are also false and illegal in tax law, which globally requires transactions to be “for commercial purposes” and “necessary for the business” and “on normal commercial terms” and "at arms length". The international conspirators get away with their ENRON practices through other bent auditors, bent tax-collectors and bent judges – all of whom fiddle their own taxes in the same way. It’s a mutual admiration society of the cash-super-rich. What is needed to repatriate the past 30 years of diverted capital, about $21 trillion, is to empower James Bond 007 and all his colleagues to use IBM computers to locate the illicit bank accounts and assets, reverse the crooked paperwork and tax the real-profits, charging compound interest and penalties – as are usually charged in back-duty-cases . Such Intelligence-Service-Repatriation teams could earn bonuses of a percentage of the money paid back into their national Treasury.

THE WORLD ECONOMY IS IN CRISIS – REPATRIATION WILL PAY ALL THE DEFICITS. THE BURIED $21 TRILLION, INVESTED IN OECD ECONOMIES, WOULD FUND 60 MILLION JOBS.

http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/9614375/Starbucks-should-face-tax-inquiry-say-MPs.html

GLOBAL REACTION TO TAX-HAVEN DATA - EXCEPT ...the UK?  

No tax-havens please - We are British.

DAME MARGARET THATCHER 1925-2013.

CYPRUS - THE BUTTERFLY'S WING

THE LAST HAVENS - RIVERS OF CASH

CYPRUS & KILLER TAX-EVASION

CYPRUS BANK TAX AND PUTIN

BEDROOM TAX - BULLY THE POOR

TAX EVADERS - COME HOME – ALL IS FORGIVEN

TAX AND ECONOMICS ARTICLES 29TH APR 13