General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsOh My! Merkel urges David Cameron to crack down on tax havens
http://www.guardian.co.uk/business/2013/apr/14/david-cameron-angela-merkel-eu-talks<snip>
The coalition's plans to crack down on Britain's tax havens were discussed at a meeting between David Cameron and chancellor Angela Merkel, amid growing concerns in Germany. Merkel is understood to have had questions about the monitoring of British sovereign territories used as tax havens by the rich.
The German public has been alarmed in recent weeks about reports of its citizens using havens to avoid paying taxes at home, and the matter has become an electoral issue. But sources close to Cameron said that he was first to raise the future of the territories in order to spell out how his government was cracking down on tax avoidance in places such as Jersey and Guernsey.
A Downing Street spokesman said the prime minister was keen, ahead of June's G8 summit in Northern Ireland, to stress that the UK and others "should show global leadership by taking concrete action on tax evasion and aggressive tax avoidance and making clear that everyone must pay their fair share of taxes".
This will be fun!!
Frustratedlady
(16,254 posts)will get scared and bring the money back "home" to help with the debt.
Not only that, but if pressure is put on the banks, regulators, congresscritters and the administration, maybe some charges will be filed on banking fraud, insider trading and all these other financial problems we KNOW are present, but can't get anyone goosed to take care of it.
Then, again, I dream a lot.
BTW, I thought that list of offshore tax evaders was supposed to be published. Did I miss it?
malaise
(269,157 posts)and North Korea is great diversion
magellan
(13,257 posts)Meaningful reform is a long way off. Cameron will make a token gesture at most.
NBachers
(17,136 posts)"There! That's all taken care of!" said Mr. Cameron
malaise
(269,157 posts)This is a new response
reformist2
(9,841 posts)Family trusts aren't much better, imo.
malaise
(269,157 posts)All the contradictions are coming to a head and so is anger from the exploited
reformist2
(9,841 posts)malaise
(269,157 posts)Can't wait for the shit to hit the fan