[GJM] The Observer: Revealed: how Jersey woos tax avoiders

[robert searle]

Dear Thomas Greco,

          With respect, the idea of land "tax"
following the Georgist line is really unnecessary, and
backward  in the 21st century. It is the usual dumb
redistributionist argument. There is a far better way
of doing things, and we have the technology to do it
successfully. It is called Transfinancial Economics,
or TFE. More importantly, it would have the greatest
social, economic, and political consequences.

  
http://kheper.net/essays/Transfinancial_Economics.html


R.Searle.




--- Thomas Greco -- CIRC2 <circ2 at mindspring.com>
wrote:

> The problem of course is that taxes are levied on
> the wrong things.
> 
> Taxes should be eliminated in favor of fees levied
> on privileges. Henry
> George articulated this in regard to the ownership
> of land and proposed the
> "single tax" on land sites, not on improvements.
> That concept needs to be
> extended to all privileges, not just land ownership.
> 
> Thomas Greco
> 
> Thomas H. Greco, Jr.
> P. O. Box 42663, Tucson, Arizona 85733
> 520-795-8930
> thg at mindspring.com
> www.Reinventingmoney.com
> Blog: http://beyondmoney.blogspot.com
> 
> 
> ----- Original Message ----- 
> From: <dharao4 at yahoo.co.uk>
> To: <discussion at globaljusticemovement.net>
> Sent: Monday, September 18, 2006 12:28 AM
> Subject: [GJM] The Observer: Revealed: how Jersey
> woos tax avoiders
> 
> 
> > Robert Searle spotted this on the The Observer
> site and thought you should
> see it.
> >
> > -------
> > Note from Robert Searle:
> >
> > Richard Murphy is at it again!! Ofcourse, the
> chances of stopping tax
> evasion, or "avoidance" are largely  zero. The
> super-rich will always find
> ways. It is a loosing battle..and TJN as usual is on
> a loosing wicket!
> >
> >
> > R.Searle
> > -------
> >
> > To see this story with its related links on the
> The Observer site, go to
> http://www.observer.co.uk
> >
> > Revealed: how Jersey woos tax avoiders
> > Nick Mathiason
> > Sunday September 17 2006
> > The Observer
> >
> >
> > Internal correspondence between the
> highest-ranking tax officials in
> Jersey, seen by The Observer, expose for the first
> time how the tax haven is
> actively helping the world's super-rich to avoid
> tax.
> >
> > A series of emails, dated from last week, and
> whose participants include
> Jersey's head of tax and its Treasury minister,
> reveal how trust reform will
> 'allow Jersey to compete more effectively for
> international work, where
> wealthy families will often wish to place assets in
> a trust structure and
> yet retain certain control over the management of
> the trust assets'.
> >
> > In the emails, the Jersey Treasury minister, Paul
> de Gruchy, writes to his
> colleagues: 'The tax burden, as with inheritance tax
> in the UK, will be
> borne by those who are moderately wealthy but not so
> wealthy as to be able
> to afford to place significant assets out of reach
> for a reasonable period
> of time.'
> >
> > When shown the emails, Richard Murphy of the Tax
> Justice Network, a
> campaign group highlighting tax evasion, said: 'This
> proves that Jersey is
> rotten to the core. We now have evidence that its
> government knowingly
> facilitates tax evasion by creating legislation that
> allows it to happen.
> The government of Jersey has allowed the creation of
> sham trusts. Trustees
> are UK-trained and UK-regulated solicitors and
> accountants. The UK's
> professional bodies should make it clear that this
> is unacceptable. It's
> clear that the Jersey government's aim is to help
> the rich evade the tax
> that they should be paying to other governments,
> including the UK's.'
> >
> > Vince Cable, the Lib Dem Treasury spokesman, said:
> 'The UK government
> should blow the whistle and not sanction this.' The
> world's richest
> individuals have placed $11.5 trillion of assets in
> offshore havens.
> Chancellor Gordon Brown has come under attack this
> month for failing to
> clamp down on havens.
> >
> > Malcolm Campbell, Jersey controller of income tax,
> said: 'There's nothing
> novel in the proposed changes, which can also be
> found in the trust laws of
> other jurisdictions such as New Zealand and Delaware
> plus a number of other
> US States. Nor do they do anything to make tax
> avoidance or evasion more
> likely than under the present statute.'
> >
> > Copyright Guardian Newspapers Limited
> >
> >
> > _______________________________________________
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> > Discussion at globaljusticemovement.net
> >
>
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> 
> 
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