Wednesday, 30 October 2013

NSA IS WATCHING YOU! - NOT THEM.

THE FRENCH SOLUTION TO UNREPENTANT
SELFISH MASTERS OF THE UNIVERSE.
ARE THESE THE ONLY PEOPLE THE NSA AND GCHQ ARE NOT WATCHING? - See no Evil, Hear no Evil, Speak no Evil.

What level of anger does it take to get the Treasury and tax-collectors to move against offshore tax-evaders with the same vigor they apply to prosecuting homeland onshore tax dodgers such as electricians, dentists, plumbers, lawyers and small businesses. 

The greatest harm to the nation is not local evasion - where the money stays in the economy that sweated to make it - but is tax-evasion-capital-flight where the villains not only do not pay their share to the Homeland but also gouge the whole capital sum out of the economy. Tired of hearing "America /UK can't afford..." and "Our banks have no money to finance small businesses or raise wages"? The tax-haven funds must be repatriated.

STOP PRESS - 31 OCT 13 - "UK plans a register of beneficial owners of anonymous secret companies, including "offshore" companies. Developing nations lose $160 billion annually to tax-evasion". Should we celebrate a breakthrough? What is not mentioned is taxing and repatriating the $32 trillion currently offshore, growing by $1 trillion a year, of which $100 billion a year is siphoned from UK business - a total of $3 trillion - bankrupting Britain.

This short letter to The Guardian 29 Oct 2013 comments on reports that 3 senior UK tax-collectors are being quizzed by a Parliamentary committee led by Lady Margaret Hodge; a committee that fails to understand why, despite all the evidence they could want, the tax-collectors are too timid to prosecute obvious offshore crooks and get our money back from tax-havens.

Dave Monte-Carlo Hartnett was recently Head of UK tax collecting who did a much criticized deal over $5 billion of tax, with Vodafone, after a nice break in sunny Monte Carlo and months before dancing through the revolving door to become a highly paid adviser to major tax-planners and auditors - on the other side of the prison fence. All with the smiling approval of UK government Ministers. 

Letter to the Guardian:

Edward Troup, tax assurance commissioner, quizzed about 18,000 untaxed UK Swiss account tax evaders, outed 3 years ago, told Margaret Hodge that “We still do not have sufficient information…” (UK’s official £35bn tax gap is just tip of iceberg, Hodge says – Guardian 29 Oct 2013). Are these 18,000, along with the recently published 130,000 British Virgin Island accounts, the only people not monitored by GCHQ and the NSA? Or are all UK tax collectors infected with Dave Monte-Carlo Hartnett’s Disease?

Yours cynically – Noel Hodson, Oxford

The US tax-collectors are failing to collect about $16 trillion - the size of the national deficit. Perhaps the only thing that will re-coup our losses is to adopt the French Solution - with or without their general use of Madame Guillotine. The whole system stinks. Who will clean it up?

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