Gibraltar 2

Old Jun 22nd 2015, 7:36 pm
  #331  
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Default Re: Gibraltar 2

Originally Posted by EMR
What does Gibraltar actually produce .?
Wealth my lad, wealth.

If somebody doesn't make it in the first place, then there's no chance of the Socialists ever getting their grubby hands on some of it to share it out,
mostly amongst themselves of course and then throw the rest into a big black hole.

The exact opposite of what the EU produces looking at the state of Greece and quite a few others at the moment
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Old Jun 22nd 2015, 8:46 pm
  #332  
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Default Re: Gibraltar 2

Originally Posted by Dick Dasterdly
Wealth my lad, wealth.
Well, I was going to say "services", but "wealth" is good. Tax-free wealth, of course. Just a brief summary for the uninitiated... "Offshore" tax havens provide clerical services in environments that don't tax profits. The absence of profits-tax is deemed to be "unfair" by squalid politicians who operate in jurisdiction that do tax profits, and at very high rates.
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Old Jun 23rd 2015, 8:42 am
  #333  
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Default Re: Gibraltar 2

[QUOTE=Dick Dasterdly;11681832]Wealth my lad, wealth.

If somebody doesn't make it in the first place, then there's no chance of the Socialists ever getting their grubby hands on some of it to share it out,
mostly amongst themselves of course and then throw the rest into a big black hole.

The exact opposite of what the EU produces looking at the state of Greece and quite a few others at the moment.

You keep forgetting that the Government of Gibraltar is very pro EU .
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Old Jun 23rd 2015, 8:59 am
  #334  
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Default Re: Gibraltar 2

Originally Posted by Gordon Barlow
Well, I was going to say "services", but "wealth" is good. Tax-free wealth, of course. Just a brief summary for the uninitiated... "Offshore" tax havens provide clerical services in environments that don't tax profits. The absence of profits-tax is deemed to be "unfair" by squalid politicians who operate in jurisdiction that do tax profits, and at very high rates.
True, but such comments won't serve to convince a certain element of those who would like to believe anyone who profits from trade is criminal - especially if they don't pay those profits to some bureaucracy that conveniently 'redistributes' it to itself for the 'common good'.

There's nothing wrong with taxes. The problem is when tax eclipses trade as the basis for an economy. How then, does an economy fund itself? By taxing taxes?

And when there's little to be gained from trade, then why bother engaging in it? (or perhaps more realistically, "Why bother declaring trade and paying tax on it?"). That might help explain why high-tax jurisdictions typically have the highest rates of tax evasion.

And yes, it's perfectly natural that bureaucrats subscribing to tax-based economic policies would view low-tax policies as dubious and dangerous to their own agendas. In their view, collecting tax is far more important than encouraging [dubious] trade. Sure, it's short-sighted, but they are only interested in harvesting the leaves from the trees. The forest is nothing but a bunch of greedy trees anyway and (conveniently) deserve to be pruned of OUR leaves.

The entire notion that paying high taxes is 'righteous' and paying low or no tax is 'selfish and greedy' is a typically socialistic, self-serving mindset. Those who subscribe to that notion are led to believe that redistribution of wealth is somehow 'fairer', yet in truth, the result is incredibly self-serving.

Whether it's a bureaucrat lusting for more money to spend on a pet project (or simply pocket it) , or the individual who believes they are entitled to suck as many bennies from the system as possible, it's all about 'what I can get' (or what I don't have'). A veritable self-servitude incubator.

Capitalism has been practiced since the beginning of time, because it is the way humans are, and you need only look around you to see how wildly successful it has been. We distinguish and regulate between what's right and wrong (e.g., fraud, ripoffs, etc.) but right and wrong are truths no matter what ideology you subscribe to. Humans will always do what comes instinctively to them. Capitalism doesn't pretend to be something other than what it is. And that's why capitalism works and always has, and why consistently, socialism eventually fails.
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Old Jun 23rd 2015, 9:02 am
  #335  
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Default Re: Gibraltar 2

Spain to question Gib’s exclusion from EU tax blacklist

Spain will call on the European Commission to include Gibraltar on the EU blacklist of tax havens published last week, it emerged over the weekend.

The list names the 30 top tax havens as identified by EU countries, but Gibraltar is not on it.

Gibraltar Chronicle - The Independent Daily First Published 1801
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Old Jun 23rd 2015, 9:19 am
  #336  
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Default Re: Gibraltar 2

Interesting to see Monaco there. We had to sign a paper last year to allow them to disclose account details as of 01/01/2015 or close the account. Also no sign of places like Dubai, Oman or Macao. Czech republic is also not in line for another 2 years.
The list strikes me as load of Bollocks drawn up by a bunch of envious pseudo politicians like Renzi and his Fiscal Militicia.
(How many countries have Military Fiscal officers and brigades?)

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Old Jun 23rd 2015, 9:39 am
  #337  
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Default Re: Gibraltar 2

Originally Posted by amideislas
True, but such comments won't serve to convince a certain element of those who would like to believe anyone who profits from trade is criminal - especially if they don't pay those profits to some bureaucracy that conveniently 'redistributes' it to itself for the 'common good'.

There's nothing wrong with taxes. The problem is when tax eclipses trade as the basis for an economy. How then, does an economy fund itself? By taxing taxes?

And when there's little to be gained from trade, then why bother engaging in it? (or perhaps more realistically, "Why bother declaring trade and paying tax on it?"). That might help explain why high-tax jurisdictions typically have the highest rates of tax evasion.

And yes, it's perfectly natural that bureaucrats subscribing to tax-based economic policies would view low-tax policies as dubious and dangerous to their own agendas. In their view, collecting tax is far more important than encouraging [dubious] trade. Sure, it's short-sighted, but they are only interested in harvesting the leaves from the trees. The forest is nothing but a bunch of greedy trees anyway and (conveniently) deserve to be pruned of OUR leaves.

The entire notion that paying high taxes is 'righteous' and paying low or no tax is 'selfish and greedy' is a typically socialistic, self-serving mindset. Those who subscribe to that notion are led to believe that redistribution of wealth is somehow 'fairer', yet in truth, the result is incredibly self-serving.

Whether it's a bureaucrat lusting for more money to spend on a pet project (or simply pocket it) , or the individual who believes they are entitled to suck as many bennies from the system as possible, it's all about 'what I can get' (or what I don't have'). A veritable self-servitude incubator.

Capitalism has been practiced since the beginning of time, because it is the way humans are, and you need only look around you to see how wildly successful it has been. We distinguish and regulate between what's right and wrong (e.g., fraud, ripoffs, etc.) but right and wrong are truths no matter what ideology you subscribe to. Humans will always do what comes instinctively to them. Capitalism doesn't pretend to be something other than what it is. And that's why capitalism works and always has, and why consistently, socialism eventually fails.
Again you are confusing socialism with soviet style communism.
Socialism is the enivitable by product of capitalism, not formed out of envy but from a realisation that society needs to support all of its members rich or poor.
Socialism existed long before the writings of Marx and Engels.
Thomas Payne just to name one .
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Old Jun 23rd 2015, 10:54 am
  #338  
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Default Re: Gibraltar 2

Originally Posted by EMR
Again you are confusing socialism with soviet style communism.
Socialism is the enivitable by product of capitalism, not formed out of envy but from a realisation that society needs to support all of its members rich or poor.
Socialism existed long before the writings of Marx and Engels.
Thomas Payne just to name one .
Yet here we are. Just look around you. Chronic stagnation, unemployment, near-zero economic growth, public debt crisis', small businesses struggling, big businesses booming, along with a booming shadow economy, yet public spending is starting to bloom again - against all warnings.

Today, Syriza has proposed to tax virtually everyone into oblivion (other than the 'poor', which by now no doubt comprises the majority of the population) - to satisfy the not-troika and get their next traunch of [other people's] cash.

Surely everyone will be happy to pay it 'cause someone said it will put them on a track for economic stability. Never-ending story, this. Brilliant.



Another 5.27 Billion in Capital Flight from Greece in March

Capital flight from beleaguered Greek banks this week (19 JUNE 2015) alone could be more than €4bn (£2.9bn), reports say.

Greece: setting a new standard for Europe

Does any of this sound familiar?
Put simply, the two sides are arguing over the sustainability of the Greek public finances. Greece needs to spend less and generate more in tax revenues. (ed: charge more and deliver less) This isn’t really so that it can pay back its debts – that seems highly unlikely. It’s more about putting it on some sort of long-term sustainable path so that its creditors don’t feel they are just chucking good money after bad by bailing it out.

...

Meanwhile, a higher rate of VAT will apply to more goods. Like the pension changes, this falls short of creditors’ hopes, but new bands of corporate tax will make up the shortfall.

In short, where possible, the Greeks have opted for higher taxes rather than lower public spending. That doesn’t sound too different from the way things run currently. A member of the Greek parliament, writing in the FT, describes Greece’s problems like so: “The private sector is essentially strangled by red tape and rampant corruption. Finding a cosy job in the public sector is more appealing and rewarding than setting up your own business.”

Last edited by amideislas; Jun 23rd 2015 at 12:18 pm.
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Old Jun 24th 2015, 7:33 am
  #339  
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Default Re: Gibraltar 2

Originally Posted by amideislas
True, but such comments won't serve to convince a certain element of those who would like to believe anyone who profits from trade is criminal - especially if they don't pay those profits to some bureaucracy that conveniently 'redistributes' it to itself for the 'common good'.

There's nothing wrong with taxes. The problem is when tax eclipses trade as the basis for an economy. How then, does an economy fund itself? By taxing taxes?

And when there's little to be gained from trade, then why bother engaging in it? (or perhaps more realistically, "Why bother declaring trade and paying tax on it?"). That might help explain why high-tax jurisdictions typically have the highest rates of tax evasion.

And yes, it's perfectly natural that bureaucrats subscribing to tax-based economic policies would view low-tax policies as dubious and dangerous to their own agendas. In their view, collecting tax is far more important than encouraging [dubious] trade. Sure, it's short-sighted, but they are only interested in harvesting the leaves from the trees. The forest is nothing but a bunch of greedy trees anyway and (conveniently) deserve to be pruned of OUR leaves.

The entire notion that paying high taxes is 'righteous' and paying low or no tax is 'selfish and greedy' is a typically socialistic, self-serving mindset. Those who subscribe to that notion are led to believe that redistribution of wealth is somehow 'fairer', yet in truth, the result is incredibly self-serving.

Whether it's a bureaucrat lusting for more money to spend on a pet project (or simply pocket it) , or the individual who believes they are entitled to suck as many bennies from the system as possible, it's all about 'what I can get' (or what I don't have'). A veritable self-servitude incubator.

Capitalism has been practiced since the beginning of time, because it is the way humans are, and you need only look around you to see how wildly successful it has been. We distinguish and regulate between what's right and wrong (e.g., fraud, ripoffs, etc.) but right and wrong are truths no matter what ideology you subscribe to. Humans will always do what comes instinctively to them. Capitalism doesn't pretend to be something other than what it is. And that's why capitalism works and always has, and why consistently, socialism eventually fails.
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Old Jun 24th 2015, 8:36 am
  #340  
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Default Re: Gibraltar 2

European Commission clears Gib in face of PP questions

The European Commission has again told Spanish Partido Popular MEPs that it found no breach of EU environmental legislation when it assessed Gibraltar’s newest artificial reef and bunkering activity in British waters.

The Commission also scotched the PPs suggestion that Gibraltar was not cooperating in combating tobacco smuggling across the border.

Gibraltar Chronicle - The Independent Daily First Published 1801
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Old Jun 26th 2015, 2:04 pm
  #341  
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Default Re: Gibraltar 2

Spanish practice

Published at 12:01AM, June 26 2015

Sir, Further to your report (June 18) on Spain blocking EU reforms of the airline industry, the legislation has indeed stalled because of Spain’s unreasonable behaviour towards Gibraltar and its citizens.

Spanish practice | The Times

Ashley Fox MEP says Spain should answer to European Court of Justice on Gibraltar aviation exclusion attempts

GBC - Gibraltar News - GBC TV and Radio Gibraltar
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Old Jun 28th 2015, 8:42 am
  #342  
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“Gibraltarians are fed up with being treated as the second-class citizens of Europe; for some reason the EU Commission continues to turn a blind eye and allows this bullying to continue.”

Gibraltar Chronicle - The Independent Daily First Published 1801
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Old Jun 30th 2015, 9:42 am
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Default Re: Gibraltar 2

Scanning under way for new ID cards

The process of applying and issuing new e-ID cards is now underway with over 400 applications processed within the first four hours of opening yesterday.

The cards are presently free to all existing card holders and will be until September 30.

Gibraltar Chronicle - The Independent Daily First Published 1801
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Old Jul 1st 2015, 10:21 am
  #344  
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Default Re: Gibraltar 2

Spain’s failed ‘Tax Haven’ attempt to Blacklist Gib

July 01, 2015 By Leo Olivero

According to information reaching Panorama from sources in the Belgium capital, the Madrid Government together with its Spanish Brussels based MEPs have during the past few weeks made serious political moves to get Gibraltar included onto the recently published ‘EU Tax Haven Blacklist’ of uncooperative tax havens

Gibraltar’s non-inclusion on the list seriously rattled and infuriated the Spanish Government, which sparked them into action by making these moves to get the Rock on the tax haven blacklist, which Spain is convinced is where Gibraltar belongs.

The Spanish Government is fundamentally also upset, because the blacklist includes Andorra, a jurisdiction where the Spanish Government have signed an information exchange and double taxation agreements and which Spain no longer regards Andorra as a tax haven.

Panorama was also informed, that a similar situation exist with other EU member nations. Who do not agree with Spain regarding the position of Gibraltar? EU member states who do not consider the Rock a tax haven merely because Spain does not have, or does not want a tax information or information exchange agreement with Gibraltar - or because Madrid has its own political agenda that has nothing to with the tax haven issue!

It must be hugely embarrassing for Spain right now to be doing business with ‘Andorra, an official 2015 EU officially recognised ‘Tax Haven’

18 months ago I penned an article in Panorama titled ‘94% of Spain’s Stock Exchange is active in Tax Havens’. I reported that a staggering 94% of companies who make up the elite IBEX 35 Spanish stock exchange have offshore financial activities in ‘Tax Havens’ around the world; these figures came from official sourced information also reported in other international news agencies!

Spain’s failed ‘Tax Haven’ attempt to Blacklist Gib
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Old Jul 1st 2015, 10:30 pm
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Default Re: Gibraltar 2

Originally Posted by Fredbargate
Spain’s failed ‘Tax Haven’ attempt to Blacklist Gib

July 01, 2015 By Leo Olivero

According to information reaching Panorama from sources in the Belgium capital, the Madrid Government together with its Spanish Brussels based MEPs have during the past few weeks made serious political moves to get Gibraltar included onto the recently published ‘EU Tax Haven Blacklist’ of uncooperative tax havens

Gibraltar’s non-inclusion on the list seriously rattled and infuriated the Spanish Government, which sparked them into action by making these moves to get the Rock on the tax haven blacklist, which Spain is convinced is where Gibraltar belongs.

The Spanish Government is fundamentally also upset, because the blacklist includes Andorra, a jurisdiction where the Spanish Government have signed an information exchange and double taxation agreements and which Spain no longer regards Andorra as a tax haven.

Panorama was also informed, that a similar situation exist with other EU member nations. Who do not agree with Spain regarding the position of Gibraltar? EU member states who do not consider the Rock a tax haven merely because Spain does not have, or does not want a tax information or information exchange agreement with Gibraltar - or because Madrid has its own political agenda that has nothing to with the tax haven issue!

It must be hugely embarrassing for Spain right now to be doing business with ‘Andorra, an official 2015 EU officially recognised ‘Tax Haven’

18 months ago I penned an article in Panorama titled ‘94% of Spain’s Stock Exchange is active in Tax Havens’. I reported that a staggering 94% of companies who make up the elite IBEX 35 Spanish stock exchange have offshore financial activities in ‘Tax Havens’ around the world; these figures came from official sourced information also reported in other international news agencies!

Spain’s failed ‘Tax Haven’ attempt to Blacklist Gib
Andorra is exclusive. It caters to millions and billions, not to those quietly stuffing a petty 100K out of sight. It has been said that the Catholic church is actually the big boss in Andorra. Supposedly, billions of non-existent church money is deposited there.

I understand Andorra was the last jurisdiction to outlaw 'numbered' accounts, but it is rumoured that they are still available in certain circumstances.
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