Patriotic UK Tax Dodgers !
Posted by: Berlin Fritz on 25 February 2005
Wether one actually cares, (it's your money afterall) understands, or gives a monkey's toss about what other folk do in their private lives ? then I think if the following article rings a bell with at least one caring British person it has had some success, small though it may be!
Fritz Von Screwem & Runner
Tax Avoidance
GLO Worms
The tax avoidance gravy train might not be giving passengers the smooth ride they hoped for to judge by goings-on at Dorsey & Whitney, the law firm coordinating challenges to company tax laws on the grounds that they breach European law.
The 'Eye' has learnt that many of Dorsey's multinational clients are losing patience at the time and expense involved in suing the government, ie UK taxpayers. for repayments of tax made over many years.The companies appear to have believed that the "group litigation order" (or GLO) they signed up to would be relatively painless and followed swiftly by a nice fat cheque signed by Gordon Brown. But the Inland Revinue has other ideas and is ensuring that every legal avenue is exhausted before the exchequer has to pay the tens of billions the GLO's might eventually cost.
This reargaurd action, racking up huge legal fees for the government and companies alike, recently prompted the barrister argueing most of the companies' cases before the courts, tax avoidance specialist Graham Aaronson QC, to complain to the 'International Tax Review' that "proceedings in some of the GLO's have been more protracted than anticipated. In no way is that down to Dorsey & Whitney or anyone on the claimant side." The law firm trying to screw as much public cash as it can for its clients (and correspondingly enourmous fee for itself) is however, having trouble keeping key staff taken on to handle the ballooning litigation. Early last year Dorsey recruited tax expert Philip Martin from Marks & Spencer, the company whose claim for UK tax relief on losses made elsewhere in Europe was heard in the European court of justice last week. But by the end of the year, amid talk of internal turmoil, Dorsey and Martin had abruptly parted company, with the Dorsey partner leading the legal challenges, Simon Whitehead, saying: " He was an employee of the firm here. He isn't anymore." (The taciturn Whitehead can take comfort from the continued presence at the firm of a man with useful inside knowledge, former Inland Revinue lawyer George Gillham, who turned from gamekeeper to much better paid poacher last September.)
Mr Martin, meanwhile, has been more outspoken, accusing the Revinue in a letter to the 'Financial Times' of having tried "Dirty tricks" to stop M & S taking its case to Europe, and alleging that the government is knowingly running an illegal tax system.
Knowledge of most tax dodging by multinationals never gets beyond the offices of the Inland Revinue and the accountants and lawyers who dream up the scams, but the GLO's require claimants to enter a public register, and the 'Eye' has been only too happy to reveal the companies on these registers and their well-connected directors. Some are known not to be relishing being identified as responsible for a big hole in Gordon Brown's finances when, as many pundits predict, he has to raise everybody else's taxes after the next election to fill it.
The latest name on the register is Shell, the company that last week reported profits of £9bn. In joining the "loss relief" GLO, the company hopes to cash in if M & S wins its case, for an amount rumoured to dwarf the £30m M & S is after. Shell wouldn't of course want any such payout from the treasury to be described as a "windfall", for fear of goading the chancellor into levying the kind of tax that many are calling for on Shell's exorhbitant profits.
Private Eye (issue 1126)
N.B. AS complicated as it's all no doubt mean't to be to deter plebs from understanding it all, I can't help but think of Al Capone who got away with so many violent and cruel murders, but was finally nabbed and jailed beacause of tax irregularities, our Mr Wilde got it seemingly right, innit.
Fritz Von I havent got my new camera yet, but am considering a Leica as a starter, though purely for tax porpoises you understand !
Fritz Von Screwem & Runner
Tax Avoidance
GLO Worms
The tax avoidance gravy train might not be giving passengers the smooth ride they hoped for to judge by goings-on at Dorsey & Whitney, the law firm coordinating challenges to company tax laws on the grounds that they breach European law.
The 'Eye' has learnt that many of Dorsey's multinational clients are losing patience at the time and expense involved in suing the government, ie UK taxpayers. for repayments of tax made over many years.The companies appear to have believed that the "group litigation order" (or GLO) they signed up to would be relatively painless and followed swiftly by a nice fat cheque signed by Gordon Brown. But the Inland Revinue has other ideas and is ensuring that every legal avenue is exhausted before the exchequer has to pay the tens of billions the GLO's might eventually cost.
This reargaurd action, racking up huge legal fees for the government and companies alike, recently prompted the barrister argueing most of the companies' cases before the courts, tax avoidance specialist Graham Aaronson QC, to complain to the 'International Tax Review' that "proceedings in some of the GLO's have been more protracted than anticipated. In no way is that down to Dorsey & Whitney or anyone on the claimant side." The law firm trying to screw as much public cash as it can for its clients (and correspondingly enourmous fee for itself) is however, having trouble keeping key staff taken on to handle the ballooning litigation. Early last year Dorsey recruited tax expert Philip Martin from Marks & Spencer, the company whose claim for UK tax relief on losses made elsewhere in Europe was heard in the European court of justice last week. But by the end of the year, amid talk of internal turmoil, Dorsey and Martin had abruptly parted company, with the Dorsey partner leading the legal challenges, Simon Whitehead, saying: " He was an employee of the firm here. He isn't anymore." (The taciturn Whitehead can take comfort from the continued presence at the firm of a man with useful inside knowledge, former Inland Revinue lawyer George Gillham, who turned from gamekeeper to much better paid poacher last September.)
Mr Martin, meanwhile, has been more outspoken, accusing the Revinue in a letter to the 'Financial Times' of having tried "Dirty tricks" to stop M & S taking its case to Europe, and alleging that the government is knowingly running an illegal tax system.
Knowledge of most tax dodging by multinationals never gets beyond the offices of the Inland Revinue and the accountants and lawyers who dream up the scams, but the GLO's require claimants to enter a public register, and the 'Eye' has been only too happy to reveal the companies on these registers and their well-connected directors. Some are known not to be relishing being identified as responsible for a big hole in Gordon Brown's finances when, as many pundits predict, he has to raise everybody else's taxes after the next election to fill it.
The latest name on the register is Shell, the company that last week reported profits of £9bn. In joining the "loss relief" GLO, the company hopes to cash in if M & S wins its case, for an amount rumoured to dwarf the £30m M & S is after. Shell wouldn't of course want any such payout from the treasury to be described as a "windfall", for fear of goading the chancellor into levying the kind of tax that many are calling for on Shell's exorhbitant profits.
Private Eye (issue 1126)
N.B. AS complicated as it's all no doubt mean't to be to deter plebs from understanding it all, I can't help but think of Al Capone who got away with so many violent and cruel murders, but was finally nabbed and jailed beacause of tax irregularities, our Mr Wilde got it seemingly right, innit.
Fritz Von I havent got my new camera yet, but am considering a Leica as a starter, though purely for tax porpoises you understand !
As one of my infamous afterthoughts, Obviously legal tax breaks & incentives are perfectly OK and reasonable to help the ecomony flow and small business flourish.
Fritz Von London's newly planned PFI Mega Mega Mega hospital will be well bolloxed if the electricity goes out, and nobody can find a shilling for the meter, innit
Fritz Von London's newly planned PFI Mega Mega Mega hospital will be well bolloxed if the electricity goes out, and nobody can find a shilling for the meter, innit
With regard to the newly proposed technology in soccer to determine fine goal line decisions, if the chip is within the ball itself, can I assume it's exactly in the middle ?
Fritz Von I didn't know Pocahontis was buried in Gravesend, Kent did you ? Obviously "Not a lot ov people know that !"
Fritz Von I didn't know Pocahontis was buried in Gravesend, Kent did you ? Obviously "Not a lot ov people know that !"
Apparently one can buy a classic tax & Round dodgers wallet these days that with it's in built chip warns the owner when dangerous payouts are looming, and tells him to scarper sharpish.
Fritz Von My mate dislocated his shoulder once by hiding his wallet too quickly ?
Fritz Von My mate dislocated his shoulder once by hiding his wallet too quickly ?
Arise Sir Mick, does have a certain ring to it !
Fritz Von They'll be ready to bear arms at a moments notice if needed naturally !
Fritz Von They'll be ready to bear arms at a moments notice if needed naturally !
quote:Ar(i)se Sir Mick, does have a certain ring to it !
A simple typo in the first word brings a whole new meaning to the phrase.
Howard
quote:Originally posted by Mick Parry:
Fritz
Absolutely agree
Regards
Mick
That'll be £ 5 Million Squid please Sir, nice to do business wiv yah, innit
Fritz Von Wanna Buy a Castle John, one careful owner, low mileage ana'll honnist, just like an old police car ?
You'd think as her Majesty gave Mr Gates an honourary knighthood today (sorry Sir Bill, but you can't use the Sir bit cos you're not Blitish, innit)for his Christian Charitable works, our Mick would get one pronto as well !
Fritz Von Post Office's good works and profits mentioned in the hoose today so that's allright then innit: 
N.B. Though one suspects that when it's our Tone's turn in the future for ropyal recognition he'll in his usual true socialist Lennonesque manner say 'Lizbett, just keep it ' Oh, yes !
Fritz Von Post Office's good works and profits mentioned in the hoose today so that's allright then innit:
N.B. Though one suspects that when it's our Tone's turn in the future for ropyal recognition he'll in his usual true socialist Lennonesque manner say 'Lizbett, just keep it ' Oh, yes !