Cable Forum - Tax havens exposed in huge law firm leak

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- - Tax havens exposed in huge law firm leak (https://www.cableforum.uk/board/showthread.php?t=33702703)

TheDaddy

05-04-2016 03:34

Re: Tax havens exposed in huge law firm leak

Quote:

Originally Posted by Hugh (Post 35830901)

Or it may not - but let's not let facts (or lack thereof) spoil a good smear...

Or you could judge people by the company they keep, if you think hiding your cash with Putin and assad's ill gotten gains is okay then you've got to expect what's coming

heero_yuy

05-04-2016 07:45

Re: Tax havens exposed in huge law firm leak

Quote:

Originally Posted by Hugh (Post 35830901)

Or it may not - but let's not let facts (or lack thereof) spoil a good smear...

However DC's childhood may not have been so comfortable if his father had paid his fair share of taxes. :erm:

ianch99

05-04-2016 07:57

Re: Tax havens exposed in huge law firm leak

Quote:

Originally Posted by Hugh (Post 35830901)

Or it may not - but let's not let facts (or lack thereof) spoil a good smear...

Let's also not get hung up on the messenger (one of 109 media organisations given access to these files)

Hugh	05-04-2016 08:36

Re: Tax havens exposed in huge law firm leak

Quote:

Originally Posted by heero_yuy (Post 35830918)

However DC's childhood may not have been so comfortable if his father had paid his fair share of taxes. :erm:

Well, considering his father got paid £12,400 per year for his directorship, probably not that much...

http://www.theguardian.com/politics/...-panama-geneva

The same story from the Guardian* 4 years ago.

*to show I'm not hung up on the messenger.. :D

techguyone

05-04-2016 08:43

Re: Tax havens exposed in huge law firm leak

Massive amount of data to leak, wonder who leaked it. Disgruntled employee?

ianch99

05-04-2016 09:33

Re: Tax havens exposed in huge law firm leak

Quote:

Originally Posted by Hugh (Post 35830924)

You accidently missed off the next sentence:

Quote:

Of the three firms in which the prime minister's father was involved, Blairmore Holdings appears to be the largest and most successful. For his role as senior director, Ian Cameron was paid $20,000 (£12,400) a year. Due to the opaque nature of Panama's company records, it is impossible to know the full extent of his earnings from the fund, the size of his shareholding or what happened to the shares after his death.

If you suspend disbelief and pretend he just earnt £12,400 p.a., he could have earned more working at Tesco :) No need for all that Company Director shenanigans ..

rhyds

05-04-2016 10:34

Re: Tax havens exposed in huge law firm leak

Quote:

Originally Posted by techguyone (Post 35830926)

Massive amount of data to leak, wonder who leaked it. Disgruntled employee?

Seems it was a security breach of their email server. Terrabytes of data apparently...

Hugh	05-04-2016 14:24

Re: Tax havens exposed in huge law firm leak

Quote:

Originally Posted by ianch99 (Post 35830932)

You accidently missed off the next sentence:

If you suspend disbelief and pretend he just earnt £12,400 p.a., he could have earned more working at Tesco :) No need for all that Company Director shenanigans ..

So no one knows, but guilty until proved innocent, eh?

Or, he could have earned the money where he worked for most of his career, Panmure Gordon and NCL Investments

http://www.telegraph.co.uk/news/obit...n-Cameron.html

Quote:

He then spent two years as a banker at Robert Fleming before following the family tradition by entering Panmure Gordon; he became a partner before the age of 30. Moving into a flat in Basil Street, Knightsbridge, he threw what a friend described as “endless parties with the most beautiful girls”.

A likeable, “old school” City man, Ian Cameron spent most of his career with the firm, which after Big Bang was taken over by North Carolina National Bank. Although it has been estimated that he made some £2 million from deregulation, he continued to work at the firm until it was again taken over, in the mid-1990s, this time by Westdeutsche Landesbank. From then on until the day of his death, he was a consultant with NCL Investments, and was pleased to have been able to take with him much of the team with which he had worked at Panmure Gordon.

downquark1

05-04-2016 14:49

Re: Tax havens exposed in huge law firm leak

Some what strange.... David Cameron in a clip, say he has no shares, just a savings account and a house.

Surely he must mean offshore shares?

Unless he got rid of them to ensure no accusations of insider trading as PM.

heero_yuy

05-04-2016 16:41

Re: Tax havens exposed in huge law firm leak

First casualty falls on his sword:

Quote:

Iceland’s embattled prime minister, Sigmundur Davíð Gunnlaugsson, has tendered his resignation in the wake of a mounting political crisis over his family’s offshore investments, local media have reported.

The agriculture and fisheries minister, Sigurður Ingi Jóhannsson, told state broadcaster RUV that Gunnlaugsson was resigning as prime minister and that he would be replacing him.
The Panama Papers: how the world’s rich and famous hide their money offshore
Guardian analysis of leaked papers will show how influential people including heads of government have exploited tax havens
Read more

Gunnlaugsson, the first major casualty from the Panama Papers leak of more than 11 million documents that lay bare the tax-avoidance arrangements of the rich and famous around the world, will nonetheless remain leader of his Progressive party, Jóhannsson said.

Linky

denphone

05-04-2016 17:09

Re: Tax havens exposed in huge law firm leak

And if anybody in high office from any political party is found to have done the same then they should resign as well..

heero_yuy

05-04-2016 17:18

Re: Tax havens exposed in huge law firm leak

Quote:

Originally Posted by denphone (Post 35830965)

And if anybody in high office from any political party is found to have done the same then they should resign as well..

If they were honorable. However of recent times how many of our politicians have we seen virtually dragged from office after major misdemeanors with their fingernails screeching on the ground?

denphone

05-04-2016 17:33

Re: Tax havens exposed in huge law firm leak

That's the problem though as quite a few are not honourable and will do anything to hide their impropriety and misdemeanours although its important not to tar everybody with the same brush don't you think.

heero_yuy

05-04-2016 17:36

Re: Tax havens exposed in huge law firm leak

Quote:

Originally Posted by denphone (Post 35830970)

True. But there's an awful lot of snake oil salesmen amongst them.:(

Arthurgray50@blu

05-04-2016 19:08

Re: Tax havens exposed in huge law firm leak

DC wont do anything about stopping this loop hole. Several of the tycoons mentioned in the leak report - are Tory donors.

It appears to me that l pay my taxes each week, even my pension is taxed. If l was found out to be a 'cheat' as that is what it is - not paying taxes.

I would be brought before a court and possible jailed.

IF, these peoples, whether MPs or the rich, they should be jailed.

Well don't to who ever, had brought this out.

And the biggest item l can think of is, DC knew of his fathers Tax Haven. and he claims he didn't know about it. He must think we are fools.

---------- Post added at 20:08 ---------- Previous post was at 20:07 ----------

DC also stated today, that he rents out his regular home, as he lives at Downing Street. I bet he rents it out at a nice little earner - does he pay tax on that income ?

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