Thought Id start this one going because its rather dead on this board at the moment and I suppose all my usual muckers are either at the Stella tennis event watching Dim Tim (lose again) or at Henly Regatta eating cucumber sandwiches (they wish,...NOT).

Anyway please feel free to just talk to yourself blast away and let it go on any company or subject you wish. Just wish Id thought of this one before.

cheers GF.

below is the unexpurgated edition for your boredom :-) .....

INTERVIEW – Australia to crack down on corporate tax shifting in budget – Treasurer
01 May 2015 - 04:27


By Matt Siegel and Paul Ingrassia

CANBERRA, May 1 (Reuters) – Australia plans to announce tougher rules on cross-border taxation in the upcoming budget to tighten loopholes that have allowed multinational companies to avoid paying taxes, Treasurer Joe Hockey told Reuters on Friday.

Australia has joined Britain in a crackdown on companies such as global tech giants , Apple and Microsoft over tax evasion, particularly the shifting of profits from high-tax countries to more relaxed regimes. ...

"We are proceeding with measures, working with the United Kingdom, that will strengthen integrity," Hockey said in an interview. "You'll see we'll release draft legislation around the budget which will indicate a strengthening of the integrity measures." Hockey did not detail the content of the new legislation, but he has said previously he wanted to find a way for digital companies to pay the goods and services tax (GST).

"It doesn't raise a lot of revenue, but it's an integrity measure," he said. "And it's vitally important, with the world's economy changing, that our tax system globally will have to change." Under Australia's leadership last year, the Group of 20 leading economies (G20) endorsed a set of common standards of sharing bank account information across borders with automatic exchange of information among its members. ...

...
...
The United States backed that move, but has become concerned about Britain, Australia and other nations lining up against U.S. digital companies as they seek extra funds to trim budget deficits.

"I understand the concerns of the United States government, but they've come a long way from the point where they were completely opposed to the proper tax of those entities to the point where they're reaching into other countries to collect the tax," Hockey said.

Uk Election
Hockey cautioned that a change of government in Britain could set back the international crackdown on corporate tax avoidance. Britain, which has a Conservative Party-led coalition government, goes to the polls for a general election on May 8.

"The UK under (Treasurer) George Osborne and (Prime Minister) David Cameron is leading the world in chasing down companies that are not paying their fair share of tax," he said. "Any change of government in the United Kingdom would obviously put that at risk." The Australian units of Google, Apple and Microsoft revealed earlier this year they were "under review" by the Australian Tax Office (ATO), which had declined to renew agreements with the companies on transfer pricing.

That accounting practice, under which a company sets internal prices for goods to its subsidiaries, has been blamed for helping large companies minimise their tax bills by lowering the cost of those goods to subsidiaries in high-tax regimes.

All three Australian subsidiaries denied any tax evasion. ...

The ATO is also conducting audits of 15 marketing hubs in Singapore and Switzerland that it expects will raise an extra $1 billion. The world's two largest miners – BHP Billiton and Rio Tinto – told an Australian Senate hearing last month that their Singapore units were being audited.

...
...
Hockey is due to announce Australia's conservative Liberal Party-led government's budget on May 12.

(Writing by Swati Pandey; Editing by Jane Wardell and Ian Geoghegan) ((swati.pandey@thomsonreuters.com; +61 2 9321 8166; Reuters Messaging: swati.pandey.thomsonreuters.com@reuters.net; twitter.com/swatisays)

Keywords: AUSTRALIA ECONOMY/TREASURER TAX (INTERVIEW, PIX, T

A link would be usefull c.

cynic

There is no pleasing some people , lol

chuckle!
not that i know how to, but for sure one couldn't link to articles gleaned via IG

Pernickity!

Manuel,

Something I forgot.

Earlier.

You suggested Macmillan was responsible for Suez fiasco.

Try Eden instead.

quite so ..... Supermac was "wind of change" ..... and profumo too?

Cynic, I hope this helps all.

There was an interview on Sky just now that should resonate with Fred. A woman asked about voting said,

"You can't moan if you don't vote".

aldwickk

Read my 'edited to make it the exact opposite meaning' 'precedent' post again and you will see the original text to compare with edited version at the link given. In the post it's marked 'Here' so just click on it. The compare what I wrote with the original.

Copy and Pasting is OK and it is entertaining but when doing it, posters should provide a link to the source.

Doing this also gives proper kudos and acknowledgement to the newspaper who produced the piece and the journalist who wrote it. It's only fair and reasonable to do this, IMHO.

Another interesting article on different standards:

http://www.channel4.com/news/cameron-david-ian-jersey-tax-haven-conservatives
David Cameron's father left assets in tax haven


Prime Minister David Cameron's stockbroker father died leaving assets offshore in the tax haven of Jersey, a Channel 4 News investigation can reveal.

David Cameron (left) and his father Ian (Reuters)
By Guy Basnett and Paul McNamara

Ian Cameron's offshore wealth is revealed in a legal document filed with courts on the island, where he had helped run a multi-million pound investment fund.

It has previously been widely reported that David Cameron's father (pictured above right, with his son) helped manage funds in tax havens in Panama and Jersey.

However, this is the first time he has been shown to have personally held wealth offshore.


etc.
-=-=-=-=-=-=-=-=-=

The revelation that his father held wealth in a tax haven could be uncomfortable for the prime minister, who has previously called for a crackdown on tax avoidance, branding some schemes "morally wrong".

The prime minister brought leaders of British tax havens to Downing Street in 2013 for a meeting about tackling tax avoidance and increasing transparency.

He said at the time: "Let's be clear about why this tax issue matters. I mean, if companies don't properly pay their taxes, and individuals don't properly pay their taxes, we all suffer as a result. So it's important we do get our own house in order."

And Christine Keeler,

Probably he had his hands full!

mknt - i didn't need any help :-)

Watch Miliband get a roasting from a businesswoman:

grow up fred .....
1) when did DC's father die?
2) channel islands have long been legitimately used as a "tax haven" for family trusts and the like
3) channel islands accounts have always been readily opened for scrutiny by hmrc

and so on and so on

Some of our country's historical Earls, Barons, Dukes, Kings, etc, etc. were utter thieves and pirates and built enormous estates and wealth from their worldly pillaging.

So how far back should we go with family investigations?

http://order-order.com/2015/05/01/the-moment-miliband-claimed-labour-didnt-overspend/

EL - please name the exceptions :-)

Manuel,

Check and then answer your own questions.


To me it points to Cameron's and tory double standards and duplicity!

variation of trust deeds or whatever it was per EM?
and the difference is?

=======

september 2010 by the way