tag:blogger.com,1999:blog-29600742611858461.post1000566619400893250..comments2024-03-29T10:41:59.623+00:00Comments on HMRC Is Shite: Don't Believe The HypeKen Frosthttp://www.blogger.com/profile/13568488818950912374noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-29600742611858461.post-57136148833847667282009-11-04T21:38:56.485+00:002009-11-04T21:38:56.485+00:00Offshore isn’t just for those wishing to legally a...Offshore isn’t just for those wishing to legally avoid paying extra and unnecessary taxes, or even those intent on tax evasion, asset protection and privacy are key concerns that often outweigh many tax differences...even between competing jurisdictions with lower tax rates.<br /><br />Look at this YouTube video for a case of an International Company being “stolen” by a corrupt government, <br /><br />http://www.youtube.com/watch?v=ok6ljV-WfRw<br /><br />this would not happen in the better regulated jurisdictions such as those condemned as “tax havens”. <br /><br />Wild estimates of supposed missing tax are normal to justify new laws, but when doing so government doesn’t appear to fully realise that people can and do then legally reorganise their business affairs and profits to more competitive locations. Results never match government expectations, even if they ever allowed HMRC the resources to do its job . <br /><br />Q. Which government recently bailed out the Cayman Islands, without first ensuring that they change their ways and say...introduced basic taxes, at the same time as hounding such places for being “tax havens”? <br />A. UK. <br /><br />Trevor ScottAnonymousnoreply@blogger.com