Wel als die multinationals de regels bepalen en daarmee de politiek in feite lam leggen.quote:
quote:Guy Verhofstadt duikt op in Paradise Papers
Europese liberale leider zegt van niets te weten
Guy Verhofstadt, voorzitter van de liberale fractie in het Europees parlement waartoe ook D66 en de VVD behoren, is in het verleden bestuurder geweest bij een groep die voorkomt in de Paradise Papers. Dat zegt de PVDA (een socialistische Belgische partij, niet te verwarren met de Nederlandse PvdA). Zulks meldt de Belgische krant Het Laatste Nieuws dinsdagavond.
Verhofstadt was tot april 2016 bestuurder van rederij Exmar. Nu blijkt dat CEO Nicolas Saverys met meerdere bedrijven in de Paradise papers opduikt. Verhofstadt zegt tegenover VTM Nieuws zelf geen weet te hebben van verdachte filialen die opduiken in die database.
“In het Europees parlement spelt Verhofstadt de les aan iedereen. Maar als bestuurder van de holding Exmar kreeg hij 60.000 euro per jaar. Waarom heeft hij nooit bezwaar gemaakt tegen de schimmige offshore-constructies van dochter Exmar Offshore Ltd. op de Bermuda’s?”, vraagt Peter Mertens, voorzitter van de PVDA, zich af.
quote:Guardian to fight legal action over Paradise Papers
Offshore firm at heart of story, Appleby, is seeking damages and has demanded Guardian and BBC hand over documents
The Guardian is to defend robustly a legal action seeking to force the disclosure of the documents that formed the basis of its Paradise Papers investigation.
The offshore company at the heart of the story, Appleby, has launched breach of confidence proceedings against the Guardian and the BBC.
In legal correspondence, Appleby has also demanded that the Guardian and the BBC disclose any of the 6m Appleby documents that informed their reporting for a project that provoked worldwide anger and debate over the tax dodges used by individuals and multinational companies.
Appleby is also seeking damages for the disclosure of what it says are confidential legal documents.
The documents were leaked to the German newspaper SŁddeutsche Zeitung, which shared them with a US-based organisation, the Pulitzer-prize-winning International Consortium of Investigative Journalists (ICIJ).
The ICIJ coordinated the Paradise Papers project, which included 380 journalists from 96 media organisations across 67 countries. The consortium included the New York Times, Le Monde, the ABC in Australia and CBC News in Canada.
The project revealed details of the complex arrangements and offshore activities of some of the world’s richest people and companies.
It has already provoked a formal inquiry by the Australian tax office, a review by HMRC into VAT schemes on the Isle of Man, and calls from the EU finance commissioner, Pierre Moscovici, for changes in the law to stop “vampires” avoiding paying tax.
Appleby has said the documents were stolen in a cyber-hack and there was no public interest in the stories published about it and its clients.
It has brought legal action against only the Guardian and the BBC, both UK-based media organisations.
The Guardian said it intended to defend the legal action.
A spokesman for the Guardian said the claim could have profound consequences, and deter British media organisations from undertaking serious, investigative journalism in the public interest.
He said: “We can confirm that a claim has been issued against the Guardian. The claim does not challenge the truth of the stories we published. Instead it is an attempt to undermine our responsible public interest journalism and to force us to to disclose documents that we regard as journalistic material.
“This claim could have serious consequences for investigative journalism in the UK. Ninety-six of the world’s most respected media organisations concluded there was significant public interest in undertaking the Paradise Papers project and hundreds of articles have been published in recent weeks as a result of the work undertaken by partners. We will be defending ourselves vigorously against this claim as we believe our reporting was responsible and a matter of legitimate public interest.”
A BBC spokesperson said: “The BBC will strongly defend its role and conduct in the Paradise Papers project. Our serious and responsible journalism is resulting in revelations which are clearly of the highest public interest and has revealed matters which would otherwise have remained secret. Already we are seeing authorities taking action as a consequence.”
Appleby said it was “obliged to take legal action”.
It said: “Our overwhelming responsibility is to our clients and our own colleagues who have had their private and confidential information taken in what was a criminal act. We need to know firstly which of their – and our – documents were taken.
“We would want to explain in detail to our clients and our colleagues the extent to which their confidentiality has been attacked. Despite repeated requests the journalists have failed to provide to us copies of the stolen documents they claim to have seen. For this reason, Appleby is obliged to take legal action in order to ascertain what information has been stolen.”
Hilarisch hoe dit soort mensen continu aan het projecteren zijn.quote:
https://europa.eu/taxedu/childquote:What is this website about?
The name of this portal – TAXEDU – is derived from the words ‘Tax’ and ‘Education’.
TAXEDU is a European Union pilot project. Its aim is to educate young European citizens about tax and how it affects their lives.
The portal targets three age groups with tailored information:
Children: an explanation of what taxes are and the benefits everyone experiences day-to-day. The section includes some surprising and fun facts about tax from around Europe to make learning fun. The language is simple and accessible.
Teenagers: a description of what taxes are and the benefits for everyday life. This section includes more detail than the one for children, as well as concrete examples that fit with teenagers’ interests (downloading music, buying online, etc.).
Young adults: information relevant to this particular phase in life, as young people make the transition to adulthood (do they have to pay tax when they start university, launch their business, work in another country, etc.).
Information is conveyed through games, e-learning material and microlearning clips so that European youngsters can learn about tax in its different forms, and the issues associated with it (tax fraud, tax evasion, etc.) in a fun and engaging way.
The teachers’ corner offers resources, tips and tricks on teaching about tax and its benefits at school.
Why this website?
The objectives of the TAXEDU web-portal are to:
contribute to the fiscal education of young European citizens;
reduce tax evasion and fraud across Europe, through better information and education in this area;
provide European citizens with information on the services and facilities that are made possible through tax (education, healthcare, etc.).
Who are we?
The project was led by the European Parliament and the European Commission (Directorate General for Taxation and Customs), while national tax administrations participated. Most importantly, young Europeans were consulted during the creation of this site, and provided feedback on its learning content.
quote:HMRC 'struggling to deal with fallout of Paradise Papers leak'
Parliament’s spending watchdog says agency faces ‘potentially catastrophic consequences’ juggling effects of the leak, Brexit and 15 other programmes
HM Revenue and Customs is struggling to cope with a growing workload, including investigating revelations contained within the Paradise Papers, according to parliament’s spending watchdog.
The public accounts committee has warned that it is “far from confident” that the tax authority has sufficient resources to scrutinise claims published in the Guardian last year arising from a leak of 13.4m files.
In a report released on Thursday, MPs concluded that the Paradise Papers leak had highlighted the “potentially dubious practices of many high-profile individuals and corporations” that use offshore tax havens.
The committee said the tax authority was having to make tough decisions about the allocation of its own resources, while implementing Brexit changes and 15 major programmes across government.
Meg Hillier, the chair of the committee, said that HMRC’s “high-wire act” is facing “potentially catastrophic consequences” for taking on too many tasks at the same time.”
She added: “HMRC accepts something has to give and it now faces difficult decisions on how best to use its limited resources – decisions that must give full consideration to the needs of all taxpayers.
“These are serious, pressing challenges for HMRC, requiring swift and coordinated action in government.”
Most of the documents – 6.8m – relate to a law firm and corporate services provider that operated together in 10 jurisdictions. Among dozens of revelations, which were published in 96 media outlets, the papers showed how the Queen’s private estate invested in a Cayman Islands fund and the offshore dealings by Donald Trump’s cabinet members.
The report points out that a previous leak of data, known as the Panama Papers, resulted in 66 criminal or civil investigations and an expected additional tax revenue of £100m.
MPs have recommended that the tax authority should respond to the latest disclosures by March and tell the committee how much additional revenue is likely to be at stake.
“HMRC now claims to be better equipped to deal promptly with any large-scale leak of data,” the report said.
“However, the speed with which cases can be investigated depends on whether they are civil or criminal, as criminal cases will take longer to prepare. We are far from confident that HMRC has sufficient resources to deal with the full scale of the recent allegations.”
It points out that HMRC has requested documentation but has not yet received a response.
A Guardian spokesman said the tax authority has powers to request data from the organisations concerned and investigate these matters.
“We have only had access to the data through our partners at the International Consortium of Investigative Journalists (ICIJ),” he said. “We understand that HMRC has already been in touch with them.”
Tax officials have told the committee that projects linked to the UK’s EU withdrawal could add 15% to its workload, the report said.
The committee said the transformation programme under way at HMRC – involving office closures, relocation of staff into 13 regional centres and digitalisation of tax returns – is “not deliverable” as originally envisaged due to the increased pressures. It added that the agency estimates it will fall short of its 2020 target of £717m savings by £10m.
It gave HMRC a deadline of April to set out how it will respond to growing pressures.
Revenue sources said that the BBC, ICIJ and the Guardian have not yet handed over documentation related to the Paradise Papers, which could take months to analyse.
An HMRC spokesperson said: “Following the Paradise Papers data leak, HMRC continues to look very closely at the information disclosed in the public domain, to see if it reveals anything new that could add to existing leads and investigations.
“Since 2010, HMRC has secured an extra £160bn by tackling tax avoidance, evasion and non-compliance, including £2.8bn from customers who tried to hide money abroad to avoid paying what they owe.”
Het is maar goed dat ze zo verschrikkelijk inefficiŽnt zijn.quote:
quote:Paradise Papers revealed 'commoditisation' of tax avoidance
Australian Taxation Office says investigation of data leak has identified 731 individuals and 344 corporate entities so far
The Paradise Papers have helped to reveal a global industry of tax avoidance packages that are offered to wealthy individuals much like holiday packages, the Australian tax authorities say.
The Paradise Papers have also revealed how offshore tax providers have expanded dramatically since the financial crisis, growing super-sized networks of accountants, lawyers and tax specialists that dwarf similar networks from a decade ago.
Mark Konza, deputy commissioner at the Australian Taxation Office, said: “These [leaks] send a clear message to those people who are involved with these types of service providers: if you’re getting involved in any arrangement that relies on secrecy then you can’t rely on secrecy.
“What we’re seeing [increasingly] is there are ordinary people who are becoming sick of some of the things they see happening.”
Two months after the Paradise Papers were published, he has told Guardian Australia that the ATO’s investigation of the data leak is already looking at 731 Australian taxpayers and 344 corporate entities.
HMRC 'struggling to deal with fallout of Paradise Papers leak'
He said the ATO was still cross-matching the data in the Paradise Papers with the larger Panama Papers, which were released in 2016, but the information extracted so far was proving significant.
“I would expect that as the data is interrogated further and cross-matched with other datasets [those numbers of individuals will increase],” he said.
He said it was too early to say if individuals identified in the Paradise Papers were already known to the ATO. But the information gleaned from the Paradise Papers had revealed the extent to which intermediaries such as banks, law firms, and accountants have commoditised tax avoidance, he said.
“The Panama Papers and the Paradise Papers led us to think about, well, what’s happening with these intermediaries that are encouraging this type of behaviour?” he said.
“When we focused on the intermediaries, that’s when we began to see … the commoditisation of tax [avoidance].
“We were aware that there were companies providing these services, but I think what we’ve learnt is the commoditisation, with the internet, has continued apace.
“We’ve also identified that after the global financial crisis, there was a round of mergers and acquisitions in the offshore provider industry itself, so while there are thousands of these offshore service providers we’ve identified that some large networks have begun to emerge.
“One company we know has offices in 46 jurisdictions around the world, through constant merger and acquisition activity.”
Konza said tax specialist intermediaries that help individuals avoid tax often specialise in particular regions of the world, such as the Caribbean and the Atlantic Ocean, or Asia and the Pacific Ocean. He said some of these intermediaries were brazenly promoting tax avoidance “packages” to individuals exactly like holiday packages.
A simple internet search shows how such packages can be promoted.
A typical tax “package” will help an individual set up a company in one jurisdiction, then help that company obtain a bank account in a second jurisdiction and a business address in a third jurisdiction.
“They would say they give you the arrangements, they give you the tools, but what you do with them is up to you. So they try to stay morally ambivalent,” he said.
“Some websites have various case studies on them, showing it’s possible to be done. One of my favourite case studies ends by saying ‘Is it legal? It’s pretty grey’,” he said.
He said the ATO’s investigations sparked by the release of the Panama Papers and the Paradise Papers had an “iconic value” inside Australia’s tax system, because the subsequent tax crackdowns helped to reassure the community that individuals and companies were having to pay their lawful tax.
“In a lot of these leaks you’re seeing people who have just become dissatisfied and thought enough’s enough, and so they’ve either leaked the information themselves or they might be an IT specialist who just grabs the data off the system, or we’ve had leaks from people who were outraged and they saw some firms and they decided to hack the firms from the outside.”
“We get data releases quite regularly. In between the Panama Papers and the Paradise Papers, I think we’ve had about 13 different data releases from around the world.
“We’re trying to get that message out to people: if you’re relying on secrecy you can’t rely on secrecy,” he said.
Konza said another thing to emerge from investigations of the Panama Papers and Paradise Papers was the growing demand for so-called aged companies.
“There’s a real market in companies that have been incorporated for some time, which are then used to make an arrangement appear to be long-standing, or appear to pre-date certain tax changes” he said.
Guardian to fight legal action over Paradise Papers
“So you could get a 20-year old Singaporean corporation, it will cost you twenty or thirty thousand dollars … no reflection on the Singaporeans, it’s just a company that’s been registered, there’d be aged Australian companies as well that you could probably buy.
“The oldest company that we’ve seen for sale is a 1902 Nevada corporation from the US, which was almost US$200,000.
He said these revelations were helping revenue authorities.
“It makes you query basic facts about where has a company been for most of its existence – was it really an operating company or was it a vintage company bought off the shelf?” he said.
“So there’ve been a few things that have come out of the papers already.”