So says the man with an offshore pension

The revelations in the Paradise Papers leak have showed, once again, that our economy is rigged to the benefit of the powerful, the wealthy and giant corporations. While most of us are expected to – and do – pay the taxes that are due from us, a tiny minority operate under different rules. If you’re rich enough, you can join the same exclusive club – a world of offshore trusts and secretive tax havens, administered by offshore specialists like Appleby’s, the firm at the centre of current revelations. It is one rule for the super-rich and another for the rest of us.

Thus this should read:

The revelations in the Paradise Papers leak have showed, once again, that our economy is rigged to the benefit of the powerful, the wealthy and giant corporations. While most of us are expected to – and do – pay the taxes that are due from us, a tiny minority operate under different rules. If you’re rich enough, you can join the same exclusive club – a world of offshore trusts and secretive tax havens, administered by offshore specialists like Appleby’s, the firm at the centre of current revelations. It is one rule for the nomenklatura and another for the rest of us.

16 thoughts on “So says the man with an offshore pension”

  1. Standard leftist envy-based poison.

    The trouble is that educating yourself about the world and life requires time, trouble and thought. Much easier for folk to swallow the lying envious shite that the left have prepared earlier.

  2. If it’s a tiny minority, is it really worth getting your knickers in such a twist about it? There’s a tiny minority of crud at the back of my cupbaord that the vacuum cleaner can’t get to, I don’t go rending my clothes over it.

  3. David Cameron (remember him?) complained in June 2012 that the old scam of putting your untaxed dosh in a foreign hidey hole then taking it out as loans was morally wrong.A bit too sophisticated a judgement for the people on here apparently.
    Keep up the good work proving that British capitalism post 1974 stinks.You could suggest some necessary reforms to save it or restore it to its earlier form – but no.You are the useful idiots making a Left-wing takeover inevitable.

  4. “Thus this should read:

    The revelations in the Paradise Papers leak have showed, …”

    Nope. It should read ‘The revelations in the Paradise Papers leak have shown, …’

  5. One propagandistic step towards US-style citizenship-based taxation, I have a horrible, horrible feeling.

    Another 4 years and I can apply for CH citizenship – don’t think that renouncing my UK one isn’t in the forefront of my mind.

    Although on the other hand, I can just see UK Plc trying to renegotiate a hundred odd tax treaties to allow US-style taxation, and every other country insisting on reciprocity. I can imagine that some of the flat-tax Eastern European countries would positively lick their chops at that, since the UK tax-free allowance is really rather high in international terms, leaving low to lower-middle-income people actually rather lightly taxed. Not to mention India, Pakistan etc. looking at that “delta” between what their millions of nationals pay in the UK and what the same salary converted at money market rates would be taxed at there and seeing $$$ in their eyes…

  6. Is there no limit to your hypocrisy AND stupidity Reedy?

    Camoron is BLULABOUR personified. That is to say he is very well-off, upper-class, cultural marxist, London Bubble, Reamainiac shite.

    He is NOT a Conservative in anything but name. He is not a supporter of free markets in any manner other than pinning the label to the corporate socialist travesty that is the system in this country.

    That such a man should spew wicked leftist clichés that are music to your unwashed shell-likes is a marvel to no one but you Reedy.

    As for British capitalism the rot stems from thin wedges that went in during the late 19th Century. But the main break with reality and sense came with the accession of the Bald Avenger in 1945.

    Leftist takeover?? LEFTIST takeover? You are a tad late with that mate. A WORSE leftist takeover might be –God forbid–in prospect but the leftrot have been on the job for decades and are responsible for most of the mess that you witlessly decry.

  7. Violet Elizabeth Reed pops up with another heart-rending comment decrying his worthless existence from his Northampton bedsit.

  8. Its ironic that the whole ‘I want to get a EU passport because I hate Brexit’ thing made me realise that I qualify for an Irish passport via my Irish born grandfather. I’d never realised he was born in Ireland, he’d lived in England most of his life, and was always a rather upper middle class Englishman in my eyes. And while I have no need of dual nationality because of Brexit, I reckon I may well need it fairly soon as a result of the country deciding to commit national suicide.

    Better get the ball rolling……………

  9. Incidentally, surely all this ‘offshore’ farrago is nonsense – its not illegal to own foreign assets, just not to declare them (or income from them) to the UK taxman. So where has this ‘If you’ve got overseas assets you are de facto avoiding/evading tax’ idea come from? Every person who has a pension fund will almost certainly be benefiting from foreign shares – are they are tax evaders now?

  10. Tory MPs need to start equating this nonsense with stuff that actual people can relate to – lots of people own timeshares abroad, holiday homes etc etc, which is identical in principle, though smaller scale of course. But common enough for people to know of someone who does that. Its all about creating links in people brains – calling random unknown wealthy people tax avoiders/evaders will be accepted, because it has no connection to their life, but saying that Bill Smith down the street is one because he owns a time share in Marbella makes them question the whole premise.

    The ironic thing being that much of the ownership of things like timeshares is probably subject to a good deal of tax evasion by ‘ordinary people’ – I bet a lot of the rental income from their holiday home abroad goes undeclared………….I’ve always said that you’ll find far more individual cases of real tax evasion in the average council estate than among the international jet set.

  11. @SMFS “Yeah but it is great to see Bono being called out for being a c*nt.”

    Yeah, but it really isn’t much of a tax issue. £45,000 worth of tax in dispute, essentially over the valuation in a writedown of a shopping centre in Latvia or something similar. And he is only a small shareholder in the company. Hardly a show stopper.

    He is still a c*nt though.

  12. Anyway, from one hysterical moral panic to another: the Witch Hunt claims its first death:

    http://www.bbc.co.uk/news/uk-wales-politics-41904161

    Wasn’t even told the accusations against him. Will the police investigate these accusations and the people who made them or will it all quietly be dropped?

    Something like this was going to happen. You trash a man’s life with no proof, sooner or later someone was going to do this.

  13. So Much For Subtlety

    Alex – “And he is only a small shareholder in the company. Hardly a show stopper.”

    Yeah but the papers today say that he is distressed. Thomas Aquinas said that almost the only pleasure allowed to the Saved would be to watch the sufferings of the Damned. Up to this point I never quite understood that

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