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| Version 0 | Version 1 |
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| Police UK tax havens to help world’s poorest people | Police UK tax havens to help world’s poorest people |
| (25 days later) | |
| Letters | |
| Fri 22 Dec 2017 17.46 GMT | |
| Last modified on Fri 22 Dec 2017 22.00 GMT | |
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| New EU tax measures make it harder for the UK to keep its head in the sand when it comes to tax transparency for its overseas territories and crown dependencies (Firms forced to reveal real owners in tax evasion fight, 16 December). Given that Gibraltar – a UK overseas territory, and reported tax haven – will now fall under the same scrutiny as other members of the EU, the UK should ensure that the rest of its overseas territories follow suit and introduce public registers of beneficial ownership. Poor countries lose an estimated $170bn a year when individuals and companies hide their money to reduce their tax bills. Accepting an amendment to the current sanctions and anti-money laundering bill in the new year would be an easy way for the UK government to make good on its promises, and help developing countries claim back taxes to help improve the lives of the world’s poorest people.Rebecca GowlandHead of inequality, Oxfam GB | New EU tax measures make it harder for the UK to keep its head in the sand when it comes to tax transparency for its overseas territories and crown dependencies (Firms forced to reveal real owners in tax evasion fight, 16 December). Given that Gibraltar – a UK overseas territory, and reported tax haven – will now fall under the same scrutiny as other members of the EU, the UK should ensure that the rest of its overseas territories follow suit and introduce public registers of beneficial ownership. Poor countries lose an estimated $170bn a year when individuals and companies hide their money to reduce their tax bills. Accepting an amendment to the current sanctions and anti-money laundering bill in the new year would be an easy way for the UK government to make good on its promises, and help developing countries claim back taxes to help improve the lives of the world’s poorest people.Rebecca GowlandHead of inequality, Oxfam GB |
| • When the BBC and the Guardian v offshore agents Appleby comes to court (Guardian to fight legal action by Paradise Papers firm, 19 December), presumably all participants – tax collectors, lawyers, judges, bankers, book-keepers, auditors, tax-planners, company-formation agents and expert witnesses – will have to declare any conflicts of interest, such as their own tax-haven and offshore arrangements.Noel HodsonDirector, Tax Reconciliations, Oxford | • When the BBC and the Guardian v offshore agents Appleby comes to court (Guardian to fight legal action by Paradise Papers firm, 19 December), presumably all participants – tax collectors, lawyers, judges, bankers, book-keepers, auditors, tax-planners, company-formation agents and expert witnesses – will have to declare any conflicts of interest, such as their own tax-haven and offshore arrangements.Noel HodsonDirector, Tax Reconciliations, Oxford |
| • Re “A Christmas story Dickens would struggle to believe” (18 December). How about a new bonus tax different from ordinary income tax? Standard rate of 50% for first £5m; 60% for £5m to £10m; 80% for £10m to £50m; and 90% for over £50m? Tax to be introduced for bonuses paid in 2017-18 financial year and subsequent years.Chris DodwellTruro, Cornwall | • Re “A Christmas story Dickens would struggle to believe” (18 December). How about a new bonus tax different from ordinary income tax? Standard rate of 50% for first £5m; 60% for £5m to £10m; 80% for £10m to £50m; and 90% for over £50m? Tax to be introduced for bonuses paid in 2017-18 financial year and subsequent years.Chris DodwellTruro, Cornwall |
| • I’m sure we all agree with Nils Pratley (Binary options a sham, 19 December), when he commends our financial regulators for making moves to impose some sort of order in a wild west corner of the financial market. Perhaps it is also now time for our tax authorities to consider why they fail to impose appropriate taxes on these financial products – betting taxes on binary options and contracts for difference and insurance taxes on credit default swaps.Nick LilwallEdinburgh | • I’m sure we all agree with Nils Pratley (Binary options a sham, 19 December), when he commends our financial regulators for making moves to impose some sort of order in a wild west corner of the financial market. Perhaps it is also now time for our tax authorities to consider why they fail to impose appropriate taxes on these financial products – betting taxes on binary options and contracts for difference and insurance taxes on credit default swaps.Nick LilwallEdinburgh |
| • It is very good to read that you are to defend yourselves against Appleby, but so typical a reaction from the rich and influential to attack as they are. Attack is, allegedly, the best form of defence but this sounds more like a vindictive and politically motivated attempt at destabilising future confidence in journalistic integrity in the UK’s media rather than countering the actual revelations from the Paradise Papers. So let us hope that by defending this action your journalistic integrity remains intact. In this respect you certainly have my support.Gary BennettExeter | • It is very good to read that you are to defend yourselves against Appleby, but so typical a reaction from the rich and influential to attack as they are. Attack is, allegedly, the best form of defence but this sounds more like a vindictive and politically motivated attempt at destabilising future confidence in journalistic integrity in the UK’s media rather than countering the actual revelations from the Paradise Papers. So let us hope that by defending this action your journalistic integrity remains intact. In this respect you certainly have my support.Gary BennettExeter |
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| Tax havens | |
| Paradise Papers | |
| Tax | |
| Tax and spending | |
| Tax avoidance | |
| Corporate governance | |
| letters | |
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