Fredbargate

Any chance of getting back on topic???

EMR

Gibraltar police make changes to procedures after investigation into allegations of bullying.

Olive Press 24th May

Fredbargate

That I believe shows their willingness to listen, learn and move forward

Something one would expect in this day and age.

EMR

Have you read the article ?

No action would have been required if a problem had not existed.

EsuriJohn

Did you see the film of the GNR setting about a grandfather with an iron baton or the GC sorting the football crowd in Madrid? It happens everywhere! Remember the newspaper seller in London Heathrow died!

Fredbargate

Yes I have read the article and also read the original complaint

A single complaint made by a female candidate on an entrance selection event.

There were 52 candidates and only one complaint.

One of the candidates was a long time friend of mine.

So what is your point???

Fredbargate

Will Tax Haven stigma disappear with new EU tax laws?

In recent years the Government have made major inroads to remove the ‘Tax Haven’ stigma which Gibraltar, together with other financial centres, have found difficult to shake off

If there’s one label that Spain ( plus others ) just loves to repeat in their pathetic efforts to make Gibraltar appear as financially negative or as bad as they can, is their recording of the Rock being a ‘Tax Haven’ or as the Spanish term describes us ‘Un Paraiso Fiscal’.

It’s a frequent tag which Spain, particularly during the past ten years has used the length and breadth of the globe in the printed press, radio and TV programmes to describe Gibraltar and our Financial Institutions

Well good news is on the way, because the ‘tax haven’ part of the PP Governments campaign to regularly discredit the Rock is set to collapse, just as fast as the PP Government is also expected to fold later in the year.

EU member states agreed late last year to apply the widest possible scope of mandatory automatic exchange with a new law.

The new automatic exchange of information will enable tax authorities to compare data received on taxpayers’ financial assets with tax returns and identify those who have not declared all their income and capital as per local tax law.

From 2017, member states will collect data on income earned by non-residents, to transmit to the authorities of the individual’s country of residence.

Full article:-
Will Tax Haven stigma disappear with new EU tax laws?

Fredbargate

Gib petitions prompt EU visit

A large number of petitions relating to Gibraltar has prompted the chairperson of the European Parliament’s Petitions Committee to visit the Rock on a fact-finding mission.

Cecilia Wikström, a Swedish MEP, arrived yesterday afternoon and held a meeting with deputy Chief Minister Dr Joseph Garcia after visiting the border.

Gibraltar Chronicle - The Independent Daily First Published 1801

Gordon Barlow

I myself have never seen anything wrong with the term "tax haven" - or "paradis fiscal" as the French say it. Gibraltar and Cayman and several other places advertise themselves as places that don't levy tax on incomes or corporate profits OR at least don't levy taxes at the same rates as most countries do. That eminently sensible policy is described as "unfair" and "harmful tax-competition" by high-tax governments, yet there is nothing unfair about it.

I have always used the term "tax haven", and will continue to use it. Fred, I believe that to deny the term risks being accused of covering-up. The term "low-tax jurisdiction" is a cop-out, plain and simple. Low tax, no tax - who cares? I regard taxing incomes as an evil act, and direct taxes to be acceptable (as long as the revenues aren't wasted by irresponsible politicians and bureaucrats).

Maybe1day

If a country has no need to raise taxes on peoples' deposited wealth or earnings, Great, there should be more countries like this. I agree however that residents of one country should declare the earnings from said foreign assets and pay the relevant tax to their country of fiscal residency. I do not agree that one should be forbidden to have assets in another country as in the case of Italy and Switzerland e.g. Fiat has obtained by obscure means the possibility of having its' Italian operations fiscally based in the UK and Netherlands, Talk about the pot calling the kettle black.....

Gordon Barlow

Well, I didn't know that about Fiat Motors, but as an international company it is free to choose where to base itself so as to benefit its shareholders the most. Today, it could be based in Cayman or Gibraltar, for all I know. I used to be a tax-haven professional (in Bahamas, New Hebrides (now Vanuatu) and Cayman, for some of the years between 1967 and 1978), but Fiat never came across my desk!

It may well have subsidiaries in both Cayman and Gibraltar (again, for all I know), for the purpose of minimising taxes and thus benefiting shareholders. Offshore tax-havens (whatever one calls them) exist to facilitate that precise purpose. "Offshore tax havens - what they do" was the title of a blog-post of mine in January 2013. For those who want to find out what they do, it's a useful place to start.

Maybe1day

I said "Obscure" because Italy has penalised and stopped companies from operating in this way. With Fiat it is some sort of deal to invest and provide jobs in Italy in return for fiscal liberties. Renzi and Marchionne have become very pally in the last 6 months....

Fredbargate

HMS Ambush arrives in Gibraltar

GBC - Gibraltar News - GBC TV and Radio Gibraltar

HMS Ambush (S120) - Wikipedia, the free encyclopedia

Dick Dasterdly

I trust it's got the edge on its Spanish counterpart.

£2 billion Spanish navy submarine will sink to bottom of sea - Telegraph

Fredbargate

Gibraltar’s position within the EU’s Committee on Petitions, and indeed within the European Commission, is gaining strength, judging from the contents of an official document circulating among members of the committee.

The conclusion drawn is that “the Gibraltar authorities have progressed in adopting the elevant measures to address the recommendations of the Commission.”

But in the case of Spain “further efforts are needed in order to balance the intensity and frequency of checks with the objectives pursued.”

The frontier situation as revealed by official document: GIBRALTAR’S POSITION GAINING STRENGTH IN EUROPE