Another Bank Scam....
Jan 31st 2013, 9:19 pm
#1
On the road again.
Thread Starter
Joined: Aug 2008
Location: On Top of the World
Posts: 17,507
Another Bank Scam....
.http://www.telegraph.co.uk/finance/r...-says-FSA.html
....comes to light and the brown stuff hits the fan.
Screwing the very people they claim to be helping with their multi-million quid ad campaigns.
Is there any lower form of human life on the planet ?
....comes to light and the brown stuff hits the fan.
Screwing the very people they claim to be helping with their multi-million quid ad campaigns.
Is there any lower form of human life on the planet ?
Feb 1st 2013, 6:08 am
#2
Joined: Jun 2011
Location: In the middle of 10million Olive Trees
Posts: 12,053
Re: Another Bank Scam....
The least they can do is put the businesses conned back to where they would have been without these products.
One has to assume they were sold on the basis that they would ensure protection against rising interest rates - something the banks are doing despite the base rate being at its minimum possible.
I cannot blame small businesses wanting to protect themselves in a period of turmoil, where their customers are waning and incomes falling in real terms.
But no problem, the banks will not be suffering for long, they will start taking the compensation monies from the monies being "loaned" to them by the BoE.
Which means we, the general public, will actually be paying whilst the little scrotes who sold the products will be driving off into the sunset with their Llambo's.
One has to assume they were sold on the basis that they would ensure protection against rising interest rates - something the banks are doing despite the base rate being at its minimum possible.
I cannot blame small businesses wanting to protect themselves in a period of turmoil, where their customers are waning and incomes falling in real terms.
But no problem, the banks will not be suffering for long, they will start taking the compensation monies from the monies being "loaned" to them by the BoE.
Which means we, the general public, will actually be paying whilst the little scrotes who sold the products will be driving off into the sunset with their Llambo's.
Feb 1st 2013, 10:45 am
#3
BE Forum Addict
Joined: Jul 2012
Posts: 2,041
Re: Another Bank Scam....
Accountants, possibly?
Top accountancy firms accused of exploiting tax laws they helped to draft
Top accountancy firms accused of exploiting tax laws they helped to draft
Senior employees from companies such as KPMG are seconded to the Treasury to work with civil servants writing complex new tax laws.
But when they return to their firms they then help create the tax schemes which take advantage of the same laws to minimise the bills of their clients.
The practice emerged during evidence to the powerful House of Common’s Public Accounts Committee today by senior executives from Britain’s ‘big four’ accountancy firms.
Margaret Hodge, Chairman of the committee, described the practice as “shocking” telling the executives: “You’re a poacher turned game-keeper, and then you go back and become a poacher again. That is shocking. You’re writing the technical stuff then you use that very stuff you’ve written to go away and advise your clients how to abuse the law, find loopholes in it to avoid tax.”
But when they return to their firms they then help create the tax schemes which take advantage of the same laws to minimise the bills of their clients.
The practice emerged during evidence to the powerful House of Common’s Public Accounts Committee today by senior executives from Britain’s ‘big four’ accountancy firms.
Margaret Hodge, Chairman of the committee, described the practice as “shocking” telling the executives: “You’re a poacher turned game-keeper, and then you go back and become a poacher again. That is shocking. You’re writing the technical stuff then you use that very stuff you’ve written to go away and advise your clients how to abuse the law, find loopholes in it to avoid tax.”
