This Cameron hiding of money is disgusting - how mommy gave Darling David 200 thousand pounds

[malaise]

http://www.theguardian.com/politics/2016/apr/09/david-cameron-questions-gift-mother
<snip>
The prime minister took the unprecedented decision to release his personal tax records on Saturday, as growing anger over revelations in the Panama Papers threatened to derail his premiership.

But the extraordinary move seems set to plunge David Cameron into further controversy, as it emerged that his mother transferred two separate payments of £100,000 to his accounts in 2011, allowing the family estate to avoid a potential £80,000 worth of inheritance tax.

Four years after first promising to open his financial affairs to public view, Downing Street published a document detailing Cameron’s income and tax payments from 2009-10 to 2014-15. The move came after an emotional Cameron admitted to the Conservative party’s spring forum that he alone was to blame for the furore caused by his failure to be frank about his profits from an offshore investment fund.

On Monday Cameron will announce the establishment of a taskforce, led by HM Revenue & Customs and the National Crime Agency, to examine the legality of the financial affairs of companies mentioned in the Panama Papers, where documents relating to his father’s offshore fund were discovered by the Guardian and the International Consortium of Investigative Journalists.
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These are the greedy sleazebags who want to cut health care for poor and working people. How the fuck can law breakers lead anyone? Our planet is seriously fucked up.

[Octafish]

1. The spaghetti's hit the fan for young Snotty.

(IN A VERY HIGH-PITCHED NASAL TONE) "...Then I told them it would trickle down to them."

Upon graduating, Cameron worked for the Conservative Party's research department, where he remained for five years. The day he was scheduled for a job interview at the Conservative Central Office, a man from Buckingham Palace, called the CCO, put in a good word for Cameron. According to a March 2007 Daily Mail article, "the testimonial, of which Cameron was unaware, was an early intimation of how the ambitious Etonian was helped by well-placed friends and family." -- http://www.biography.com/people/david-cameron-39203#synopsis

The story on Cameron is amazing. While his may be in the millions, there are tens of trillions hidden from the tax collectors offshore.

“This government that I lead will go on very clearly, very doggedly, very determinedly making sure that we crack down on tax evasion and aggressive tax avoidance,” he said. -- http://www.theblaze.com/stories/2016/04/09/panama-papers-update-uk-prime-minister-david-cameron-says-he-bungled-admission-of-offshore-fund/

Guy is a hypocrite first class, too.

[malaise]

3. He's up shit creek with this exposure

how the hell do you expect citizens to pay taxes when all the rich and snotty nose politicians like this pretentious git are hiding their wealth.

That he hasn't resigned yet tells you that they no longer give a shit about laws or citizens.
Time to bell these fat cats.

[zeemike]

13. As Leona Helmsley famously said

"Only the little people pay taxes"

She knew what she was talking about.

[malaise]

14. Sure looks that way

Meanwhile Wesley Snipes et al sit in prison for not paying their taxes.
What a planet.

[anigbrowl]

29. Er...

Wesley Snipes got out of prison some time ago, and the basis for his conviction was solid as it gets; he didn't file tax returns. And Leona Helmsley did go to prison for tax evasion.

[MisterP]

5. "We as the Crown and we as a nation have suffered immensely in the past--" *Reagan roars laughing*

[Octafish]

23. For some reason, my local radio station doesn't play this tune.

It's a catchy little number.

[nadinbrzezinski]

20. 7 to 35 trillion.

Incidentally that is the size of the US and Japanese economies combined at the upper number

[Octafish]

24. Richest times in human history and they mean AUSTERITY for the Have Nots.

Tax Offshore Wealth Sitting In First World Banks

James S. Henry
Forbes Magazine, July 1, 2010

Let's tax offshore private wealth.

How can we get the world's wealthiest scoundrels--arms dealers, dictators, drug barons, tax evaders--to help us pay for the soaring costs of deficits, disaster relief, climate change and development? Simple: Levy a modest withholding tax on untaxed private offshore loot.

Many aboveground economies around the world are struggling, but the economic underground is booming. By my estimate, there is $15 trillion to $20 trillion in private wealth sitting offshore in bank accounts, brokerage accounts and hedge fund portfolios, completely untaxed.

SNIP...

This wealth is concentrated. Nearly half of it is owned by 91,000 people--0.001% of the world's population. Ninety-five percent is owned by the planet's wealthiest 10 million people.

SNIP...

Is it feasible? Yes. The majority of offshore wealth is managed by 50 banks. As of September 2009 these banks accounted for $10.8 trillion of offshore assets--72% of the industry's total. The busiest 10 of them manage 40%.

CONTINUED....

http://www.forbes.com/forbes/2010/0719/opinions-taxation-tax-havens-banking-on-my-mind.html

[nadinbrzezinski]

25. Just finished a big picture and san diego stories

actually just posted

San Diego

https://reportingsandiego.com/2016/04/11/the-panama-papers-and-real-estate-in-san-diego/

Big picture

https://reportingsandiego.com/2016/04/11/the-panama-papers-the-larger-picture/

[Octafish]

27. Thank you! Outstanding work!

You make the esoteric understandable and the obscure plain as day.

May David Cameron become Part 3 of your series, Nadin!

[dembotoz]

2. kinda expect the rich to do what they can to take care of themselves

hardly shocked
i generally do not ask my accountant how i can pay more taxes.

so we gotta watch them like hawks

[PatV]

12. You can't watch what you can't see now, can you? That's pretty much the way it is with things that

are hidden.

[Kensan]

15. The accountants aren't privy to these accounts...

That is why the rich use lawyers. You get the attorney-client privilege that goes along with it. Most accountants aren't even aware these secret accounts exist, and there's no tax reporting forms being generated in the tax havens.

The only time an accountant may realize something is amiss would be if a taxpayer clearly was living "beyond his means". There could be questions about where the money was coming from. Of course, the answer would be something innocuous, like an inheritance. The accountant asked the right questions, and has satisfied due diligence procedures. It's not the accountant's fault if a taxpayer provided false information. Tax accountants are not required to perform audit procedures to verify the information provided. They just have to be able to satisfy a "reasonableness" standard when ascertaining the facts.

You'd be amazed how many taxpayers coughed up their secret UBS accounts years ago under the voluntary disclosure program. They knew UBS had provided the Treasury a list of accounts. If you happened to be one of those named, the penalties for non-disclosure were extreme. The funny things is, the Treasury thought UBS had around 52,000 of these accounts. UBS only named around 5,000. You can guess what names were never disclosed.

Since "small" players didn't know if they were one of the 5,000 named, the voluntary disclosure program ended up with around 15,000 taxpayers (last I checked). Small, of course, is relative, since these accounts were generally hiding several hundred thousand to several million dollars.

[Warpy]

4. Most of my online friends there hate his guts

and a few in the worst hit flood areas late last fall said the worst part of the disaster was when he came to preen for the cameras, adding insult to injury after he'd cut the funding for flood abatement.

I'm finding damned few defenders these days. I really don't think he's going to last much longer. He'd have been gone already if Blair hadn't left such a lousy taste in everyone's mouth for Labour.

[malaise]

7. There is a serious problem in England

The vast majority of persons in leadership attended elite schools. I hope this creep is forced to resign.

[appalachiablue]

6. Lord David Freud, UK Health Minister was heard saying 'Disabled People

Last edited Sat Apr 9, 2016, 10:12 PM - Edit history (1)

are not worth the full wage' and can be paid 2 pounds an hour. BBC, Oct., 2014. The actions were protested and his Lordship was asked to resign. Another selfish and greedy conservative Tory Tosser.

[malaise]

8. I can't believe the manner of victory that these scumbags pulled off

They are all naked and shameless

[appalachiablue]

10. Deception, greed and fraud against workers and the most vulnerable. They are

ruthless, entitled and will destroy the world unless stopped. Power. To. The. People. The Time is Now, Stand Up and Fight.

[malaise]

11. Yep - time for the clean up folks

to take over and lock up these scumbags - everywhere

[malaise]

17. I'm watching BBC right now

Apparently some of the 1% are checking their lawyers because their privacy has been violated.

Bring out the fugging violins for these criminals, thieves and tax evaders.

[Thespian2]

9. Yep

planet in extreme danger...humanoids on their way to extinction...

[malaise]

16. Saw a clip of Corbyn lacing into Cameron and the rest of thieves

in Parliament this morning. Cameron was pathetic - the 1% have another lesson coming. Keep it up slimy Dave you fugging criminal.

[Thespian2]

22. Getting Time

for the torches and pitchforks...

[malaise]

26. Yep

It's looking that way

[suffragette]

18. This after he worked to shield trusts from tax avoidance laws

He's worked to put laws in place to ensure he and his budded profit privately and that the public submits to 'austerity" cut after cut.


http://www.theguardian.com/politics/2016/apr/07/david-cameron-offshore-trusts-eu-tax-crackdown-2013

David Cameron intervened personally to prevent offshore trusts from being dragged into an EU-wide crackdown on tax avoidance, it has emerged.

In a 2013 letter to the then president of the European council, Herman Van Rompuy, the prime minister said that trusts should not automatically be subject to the same transparency requirements as companies.

The EU planned to shine a light on the dealings of offshore bodies by publishing a central register of their ultimate owners but, in a letter unearthed by the Financial Times that remains publicly available on the government’s website, Cameron said: “It is clearly important we recognise the important differences between companies and trusts … This means that the solution for addressing the potential misuse of companies – such as central public registries – may well not be appropriate generally.”

[Initech]

19. Somewhere George Carlin is pleased. It seems the "big club" is unraveling.

It may take a few years but we will soon know who the members of that "Big Club" are and who's funneling the money around. Governments will be unraveled. The uber rich will go to prison. Their leaders will go to prison. I say grab some popcorn and enjoy the show.

[nadinbrzezinski]

21. He will join the PM (former ) of Iceland soon nm

[malaise]

28. I hope so but am not sure

BLIAR never resigned either - even though he lied Britain into that illegal war against Iraq.

Maybe people are so fed up with the money boys that he will feel it