From daily The Morning Star in Britain:
Tuesday 7th November 2017
The disclosure of 13.4 million secret documents ties major companies, entertainers and political figures to the secretive arrangements with billions of pounds believed to be squirrelled away in offshore tax avoidance schemes.
But the Labour leader said that apologies were not enough and tax-dodgers must recognise the harm their actions cause.
Speaking at the CBI annual conference he said: “Anyone that is putting money into tax havens in order to avoid taxation in Britain, and obviously investigations have to take place, should do two things.
“Not just apologise for it but also recognise what it does to our society.
“Schools, hospitals, housing, all those public services lose and the rest of the population have to pay to cover up the deficit created by that.”
The shadow chancellor said there would have to be a “critically overriding” reason for Mr Hammond’s no-show. And the Tax Justice Campaign said the Paradise Papers exposed Britain as a centre of tax avoidance with its network of offshore tax havens in crown dependencies and overseas territories.
Campaign director Tim Snell suggested that the government could end tax avoidance but had failed to make it a priority.
“In fact, rather than take on the tax-dodgers, successive governments have cut off HMRC at its knees, slashing its funding and the number of tax inspectors by half over the last decade.
“When the wealthy engage in the kind of practices seen in the Paradise Papers, they are picking the pockets of nurses, teachers, doctors and other hard-working public servants, and harming the lives of everyone in the UK who uses public services.”
He said the government must take “swift action” to bring tax-dodgers to heel.
General union Unite said it was “outrageous” that while those on zero-hours contracts and in low-paid employment were expected to pay tax on their wages “to the last penny,” the rich and powerful could “squirrel away” millions in offshore accounts.
The union accused the Tories of failing to act because of its “direct benefit from the tax affairs of Tory donor Lord Ashcroft” who has donated £10 million to the party and has been revealed as one of those hiding millions from the taxpayer.
“These tax avoidance schemes may be legal, but there is deep anger and disgust about the ‘them and us’ attitude to paying tax revealed in the Paradise Papers.”
“Those struggling to put food on the table for their families and to pay their mortgages and rents are expected to pay every penny of tax on the dot, but there is a parallel financial universe for the global elite, using fancy accounting instruments and legal wheezes, to protect their mountains of cash from the taxman,” he said.
This video says about itself:
Paradise Papers – Colombian President Deep in the Swamp
6 November 2017
Colombian President Juan Manuel Santos has been named among the 127 world leaders in the Paradise Papers scandal.
United States corporation Procter & Gamble tax dodging with Dutch government complicity: here.
Paradise Papers and the Dutch rotal family: here.
The Panama Papers and Paradise Papers provide evidence that companies and individuals are evading tax on a large scale. Worldwide tax agreements can put a stop to this. But for the time being a treaty that will address the problem at its root is not in sight, in the opinion of legal expert Dirk Broekhuijsen. PhD defense on 16 November 2017: here.
Paradise Papers shed light on how giant companies and the super-rich avoid taxation: here.