Tuesday, 7 May 2013

LOANSHARK'S 2018% FOR 17 YEARS



YOURS - FOR ONLY £90,000
WITH EEEZY CREDIT.
Most goods and services progress from primary industries to the consumer - passing through an average of eight business stages. Each stage is financed by banks as for example food is farmed, transported, processed, stored wholesale, packaged, distributed, transported to High Street shops and finally sold to consumers - who might buy on credit cards. At each stage interest is added to the price. If at each stage, interest charges are capped at 5% the consumer price will typically reduce by 25%. This is as true for new houses and cars as it is for a packet of fish-fingers. An interest CAP will reverse trends towards inflation, in every part of the global economy. An interest CAP will greatly reduce the price of money. 


“Suffolk Mike” – Loan-Shark Victim - Paid 2018% for 17 years. 
There are 1.5 million UK families trapped like this. Free them today.

BRITISH JUSTICE:  When just 20 years old, “Mike” in Suffolk UK borrowed £250 to buy an old car. In the next 17 years he paid back £90,000 (2018% interest a year), losing his house, job and his health. Mike sought help only when the loan-shark threatened his wife and children. The loan-shark was imprisoned for 8 months (4 months served) for being unlicensed. If he had applied, he would be entitled to suck the lifeblood from his victims at twice the rate.

HM GOV LICENSED WONGA (as seen on TV) charges up to 4,200%.  Representative APR 4214%  Representative example:  



APR is not the same as actual interest charged find out more

Four months jail is not much to suffer for £90,000 and blighting a family’s life for 17 years. (Jill Insley, Guardian 27 June 12, “Loan shark’s victim wins award”)

For Heavens Sake – Sign the 5% CAP petition and eliminate these evil “financial services” FSA /FCA authorised tapeworms.  5% is ten-times the UK Base Rate. Making 10 times Base Rate is enough for any lender.




Mike of Suffolk - Loan & Debt
repaid
Years
Interest
 £                                        250

1
2017.6%
 £                                        250
 £ 5,294
2
2017.6%
 £                                        250
 £ 5,294
3
2017.6%
 £                                        250
 £ 5,294
4
2017.6%
 £                                        250
 £ 5,294
5
2017.6%
 £                                        250
 £ 5,294
6
2017.6%
 £                                        250
 £ 5,294
7
2017.6%
 £                                        250
 £ 5,294
8
2017.6%
 £                                        250
 £ 5,294
9
2017.6%
 £                                        250
 £ 5,294
10
2017.6%
 £                                        250
 £ 5,294
11
2017.6%
 £                                        250
 £ 5,294
12
2017.6%
 £                                        250
 £ 5,294
13
2017.6%
 £                                        250
 £ 5,294
14
2017.6%
 £                                        250
 £ 5,294
15
2017.6%
 £                                        250
 £ 5,294
16
2017.6%
 £                                        250
 £ 5,294
17
2017.6%
 £                                        250
 £ 5,294



 £        2


 Total Repaid
 £90,000
SIGN THE PETITION FOR:


TAX-EVASION-CAPITAL-FLIGHT
Posted by at No comments:
Labels:

Thursday, 2 May 2013

TAX-HAVEN OWNERS IDENTIFIED - DAVID GAUKE, HM TREASURY

Latest News - 2nd May 2013 - The Guardian Newspaper, UK.
http://www.guardian.co.uk/politics/2013/may/02/tax-haven-strategy-george-Osborne

George Osborne claims progress in tax haven plan


All British overseas territories with large financial operations have signed up to transparency strategy, says chancellor
*********************

Who in government uses tax-havens?
1st May 2013.
To – The Rt. Hon Andrew Smith MP
House of Commons, London SW1A 0AA
By email.
Dear Andrew
David Gauke, HM Treasury, and Tax-Havens.
Thank you for your further letter of 12 April 2013 with Exchequer Secretary to the Treasury, David Gauke’s reply to you dated 8 April 2013.  Since first asking you in December 2012 to enquire who in government use tax-havens, the issue has exploded. These tax articles refer to recent relevant examples of UK and global public interest. TAX AND ECONOMICS ARTICLES 29TH APR 13
My purpose here is to add momentum to UK tax-and-capital-clawback of assets, to be invested in jobs for my children’s and grandchildren’s generations; unemployment is today 12% with up to 25% of jobless young people. This is tragic and a danger to ordered society. The UK might follow Greece into the social chaos caused by endemic offshore-tax-evasion.
Referring to David Gauke’s letter:
1) It ignores my essential question “Who in government use tax-havens”. It is vital to know which MPs, Peers and Civil Servants have interests in sabotaging the application of tax-law.
And it is risible that some HMRC non-executive directors are tax-planners from the Big Four, and Law practices, banks and international companies who have powerful vested interests in defending exotic tax-plans for large companies – and that disgraced ex-Head of HMRC, Dave Sweetheart-Deals Hartnett is now a high fees tax-planner. Revoke the sacred anonymity of tax-payers to restore democratic accountability; and be seen to prosecute the top dogs.
2) Thank you for these excellently researched and presented papers:
www.hmrc.gov.uk/budget2013/offshore-strategy.pdf
www.hmrc.gov.uk/budget2013/level-tax-playing-field.pdf
www.hmrc.gov.uk/statistics/tax-gaps/mtg-2012.pdf
I note that the Tax-Gap (due but uncollected) is £32 billion 6.7% of The Budget, per annum; and it is reassuring that existing back-duty-tax laws are being applied onshore and offshore by enlarged teams and with more vigour. However, I think the £14 billion per annum targeted is a small fraction of recoverable UK assets illicitly siphoned to tax-havens. I note that HMRC cannot estimate the total in tax-havens. We need to claw-back UK funds before the Americans confiscate it all. Now! – would be a good time.
3) It is disturbing that HM Treasury makes no mention of the total assets hidden in tax havens; of which about $3 trillion is probably recoverable UK tax-evaded money.  Are they unaware that the OECD Paris estimated offshore assets, in 2008, as $18 trillion, and in 2010 as $21 trillion – thus growing by $1 trillion a year. Recently, McKinsey economist James Henry estimated 100,000 people “own” $9.8 trillion of $32 trillion hidden in tax-havens.  It is even more disturbing that last month’s international release of 2.5 million emails and 130,000 names of BVI account holders by the International Consortium of Investigative Journalists reported worldwide – here in the New York Times – many of whom will be UK taxpayers, is so far unremarked by Parliament, UK Government, the BBC, ITV and by The Treasury.  
As the above HM Treasury and HMRC papers point out - applying existing back-duty-tax-laws recoups not only the evaded tax but also up to 200% penalties - plus compound interest. My experience for clients in Back-Duty-Cases is that these HMRC claims usually add up to ALL the hidden cash and assets. The Treasury could therefore recover the whole $3 trillion which is equivalent to 8 million jobs for ten years. While all fixed Budgets need constant reviews, recovering $3 trillion would end the need for the Austerity Drive.
It is this seeming lack of interest in the UK’s share of the offshore $32 trillion that prompts my central question which urgently needs answering – Who in government use tax-havens?
Please put the question again to the relevant authorities.
Many thanks for your intervention.
Best wishes
Noel
TAX AND ECONOMICS ARTICLES 29TH APR 13
REF:
http://www.nytimes.com/2013/04/05/world/europe/vast-hidden-wealth-revealed-in-leaked-records.html?pagewanted=all&_r=0  
http://www.bloomberg.com/news/2013-04-29/billionaires-flee-havens-as-trillions-pursued-offshore.html
According to Tax Justice Network, a U.K.-based organization that campaigns for transparency in the financial system, wealthy individuals were hiding as much as $32 trillion offshore at the end of 2010. Fewer than 100,000 people own $9.8 trillion of offshore assets, according to research compiled by former McKinsey & Co. economist James Henry.
(Mr) Noel Hodson
16 Brookside, OXFORD, OX3 7PJ, UK 
Tel +44 (0)1865 760994
THE FOODTUBES PROJECT
http://www.noelhodson.com/index_files/foodtubes-sponsors.htm
TAKE-THE-PLUNGE Business Expansion
www.noelhodson.com/SW2000/Take-the-Plunge-Home.pdf
Sign our petition to Cap loan-sharking:
http://www.avaaz.org/en/petition/5_per_annum_cap_on_all_interest_rates_charges/
Follow our blog http://noelhodson.blogspot.co.uk/
Posted by at No comments:
Labels:

Tuesday, 30 April 2013

DUMMY OFFSHORE COMPANIES - ONLY $79.99

I AM ACTUALLY NOT A DUMMY
YOU LOT ARE THE DUMMIES.
I have been asked to clarify TAX-EVASION-CAPITAL-FLIGHT. Is the recently estimated $32 trillion in tax-havens (about 80 million jobs) all tax that should have been paid?  

No! How it works is that if, for example, a business trading in the USA, employing 5,000 people and serving 2 million customers, makes in a year, say $25 million profit - the corporation tax bill (tax on profits) will be about 20% or $5 million.

BUT - for the bookkeepers to fiddle the accounts sufficiently to kill off the $5 million tax bill - they have to send themselves dummy invoices for the whole profit - $25 million. So, they register a pretend company in  a tax-haven - say Cayman, or Delaware; there are 75 to choose from. The company has no costs, no employees, no commercial activity and its ownership is hidden - and its directors are dummy directors, pretend executives. 


To be legal and therefore to get tax relief, this dummy company must in American Law be a real trading entity, on normal commercial terms, be at arms length from the profitable company (so not controlled by the same people - but independently managed) and NOT to be formed to reduce US taxes. These conditions make the bookkeepers' work difficult.

After much head scratching, the bookkeepers in the USA make up some invoices, appearing to come from the tax-haven company, that they hope the IRS will nod through - and grant US tax relief on. The false invoices are for the whole US profit of $25 million. That's the simple story - but because of the anti-evasion rules, it ain't that simple - so the bookkeepers end up in an ENRON accounting maze - with dozens of companies - onshore and offshore - all dummies - all sending each other false invoices. The net result is that the $25 million profit is absorbed in the chaos.

The Accounts and Balance Sheets are prepared by the bookkeepers, approved by the auditors and lawyers and directors, for very large fees, as being True and Fair Views of the dozens of companies - and the bewildered bullied blackmailed or bribed IRS then also approve all the transactions - and agree a NIL profit and NIL tax in the USA. The professional advisers then dress the false transactions in legal and accountancy gobbledygook and miles of small print - to baffle everyone.

To complete the transactions' debit and credit bookkeeping (there still is some logic to bent accounting), the main profitable company, with the complicit help of their banks, pays the dummy invoices - to the dummy tax-haven  companies, into their offshore bank accounts. The whole $25 million is paid. The CAPITAL leaves America. This is the Tax-Evasion-Capital-Flight, which leaves the US and is no longer available for investing in the nation - which provided all the revenues and all the police, armed forces, hospitals, roads, bridges and business infrastructure, and all the real employees. So US banks are depleted. The only way to bring the capital back is to borrow it - from the FREE MARKETS. Then US citizens are told they are lazy, living in debt, must work harder for less and that their pensions have been lost - "Due to the economic downturn". Have you ever been more suckered?

It is all just make believe - to enable 0.5% of the population to steal all the assets of the 99.5%. But, We The People, in all OECD countries where large companies trade - are required to pretend that we believe all the millions of dummy transactions - to siphon off trillions of dollars from our High Streets - are real. YES - We do all believe in Fairies!

TAX AND ECONOMICS ARTICLES 29TH APR 13
Posted by at 2 comments:
Labels:

Monday, 29 April 2013

TAX AND ECONOMICS 29TH APR to 31 DEC 13

I'VE GOT A LITTLE LIST.
TAX ARTICLES ARCHIVE

 BENT BOOKKEEPERS BEWARE

 WE ARE NOT ALONE





  • TAX TALES & "WE DO BELIEVE IN FAIRIES"



       DUMMY OFFSHORE COMPANIES - ONLY $79.99   30th April 2013



    COME HOME – ALL IS FORGIVEN

     INDIA SAYS - GO HOME CAMERON!

     TAX EVASION - THE LAWS

    Solve the world’s financial woes:
    FIX THE MONEY-ECONOMY

    ARCHIVE OF TAX AND ECONOMIC FIXES - NOV 2011 TO DATE:

    REFORM MONEY

     ONLY LITTLE PEOPLE PAY TAXES

    LOANS AT 5% APR.

    BANKERS’ BONUS BONANZAS EXPLAINED

     TAX RETURN – OR SUICIDE!

    POOR LAW - TAX LAW

     THE TAXMAN COMETH - NO MORE MR NICE GUY

     END OF LOAN SHARKS?

     MARK CARNEY - MONEY-WARS

    TAX EVASION - YOUR "HOW-TO" GUIDE

     LAGARDE-LIST 2,059 GREEK TAX SAVERS

    LOVEABLE LOANSHARKS

    MILITARY INTELLIGENCE – TAX-HAVEN REPATRIATION

    OBAMA POWER EXPLAINED – 7TH NOV 2012.

    THE LIVING WAGE – KILLING THE ECONOMY

    THE LIVING WAGE AND GUY FAWKES

    HAVE FAITH IN THE HIGGS BOSON

    OFFSHORE MILLIONAIRES FIGHT BACK

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

    GREEK TAX EVASION WAR ESCALATES

    USA CEOs PLEAD "FIX THE DEBT"

    BIRTHRIGHT - FOR OUR CHILDREN


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


    TAX FREEBIE FOR THE BBC

    $102 BILLION FOR GREECE

    TAX - MINIMIZE, AVOID, EVADE, GOAL.

    SELF-EMPLOYED AT THE BBC?

     

    $21 TRILLION - "NOT A CONSPIRACY"


    RICH MAN PAYS TAX - SHOCK

    GUARANTEED TAXHAVENS

    DR CABLE'S BAD MEDICINE FOR SMEs

    THE TAXMAN COMETH – AVOIDING PRISON


    TAX-FREE LORDS - MOVE YOUR MONEY ON-SHORE

    $1 TRILLION STIMULUS – SEND IN THE MARINES!

    NO TAX FOR NON-DOMS

    HOW TO BE NON-TAXABLE

     

    GREEKS - PAY NO TAXES

    YES, WE ARE BEING CONNED.

    IS MITT ROMNEY ON OR OFF-SHORE?

    5% per annum cap on all interest rates & charges

    STOP LOAN SHARKS

    NO TAX OFFSHORE.

    WHO “LOST” $3 TRILLION?

    NEVER PAY TAX EVER AGAIN!

    CAPITAL IS ON VACATION

    TREASURE HUNT

     

    REDUCE THE COST OF MONEY

    WHO IS LAUGHING ALL THE WAY TO THE BANK?

    DIAMOND'S LAW


    "THE CITY" - THE LAST WORD

    BANKERS - WHY WE ARE FURIOUS

    WHERE'S THE MONEY? - BACK-UP NOW!

    BANKER BASHING & BIG-BANGS

    TIMID, MUTE & MURDEROUS

    EARN 2018% ON YOUR SAVINGS

    $2,000,000,000,000 (Two Trillion Dollars)

    $250K PA - TV SEEKS JOURNALISTS WITH 50 YEARS TAX-...

    M' LEARNED FRIEND - TAX COUNSEL

    TAX SCAMS ARE LEGAL! OR ARE THEY?

    STRICTLY LEGAL AT THE BBC

    POWER TO THE PEOPLE – REPATRIATION AND GUILLOTINES...

    WHERE’S THE MONEY?

    HOW CAN THEY NOT KNOW? GET WITHOUT THEM!

    WILL THE WORLD RUN OUT OF MONEY?

    SPAIN, SPECULATION & NO MORE SURPRISES ! THE FUTUR...

    THE FUTURE FOR WALL STREET, LONDON & MANKIND

    LOANSHARKS PETITION

    ENSLAVED, INDENTURED, ARTICLED, APPRENTICED, INTER...

    TAXING TIMES AT THE TOP

    FREE MARKETS - THE BIGGEST CON-TRICK EVER.

    MADAM DEFARGE

    THIS LEVER WILL MOVE THE EARTH

    ECONOMIC GROWTH – SOFTER TOILET TISSUE - OR GUILLO...

    5% INTEREST PETITION - EVIL LOAN RATES

    Greek Fallout – End of Monetarism.

    Cap the price of money at 5% a year.

    GANGSTER ECONOMICS - WHICH BUNK DO YOU PREFER?

    “MOVE TO HIGHER GROUND & MOVE YOUR MONEY ON-SHORE!...

    OFF-SHORE FUNDS - MUCH ADO ABOUT NOTHING?

    PHARAOHS & MONETARIST BULLSHIT.

    HELP - How can I spend £3,500 a day?

    The rich will always be with us

    Cash is King

    Birthright

    TAXING TIMES FOR THE INTERNET

    Barclays £2.1B Bonuses & £0.7B Dividends

    USA & UK Tax Wars Heat Up

    Will we pay taxes in the future?

    REFORM MONEY

     

    Posted by at No comments:
    Labels:
    Subscribe to: Posts (Atom)