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Started by helbel on Nov 5, 2017 6:04:52 PM
Paradise Papers
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darkhorse - 05 Nov 2017 18:08:56 (#1 of 536)

I quite like the revelation the Queen invests in Brighthouse.

See also Wonga. The richest in society lending money at high interest to the poorest.

(I don’t mean the Queen invests in Wonga, just that Wonga is backed by the very wealthy)

breakfast - 05 Nov 2017 18:09:40 (#2 of 536)

Paradise Lost

https://www.theguardian.com/news/series/paradise-papers

guigal - 05 Nov 2017 18:22:32 (#3 of 536)

The UK is a big player here, not simply because so many of its overseas territories and Crown dependencies are OFCs (Offshore Financial Centres), but many of the lawyers, accountants and bankers working in the offshore industry are in the City of London.

The first step towards a more equal society is bringing the City of London under the control of the Mayor of London. I believe Corbyn has plans.

bailliegillies - 05 Nov 2017 18:22:35 (#4 of 536)

just that Wonga is backed by the very wealthy)



Nothing changed there then!

bossab2 - 05 Nov 2017 18:34:25 (#5 of 536)

O well this should give the media plenty to rake over for months...

guigal - 06 Nov 2017 00:00:33 (#6 of 536)

We'll be hearing quite a lot about Tory donor, Lord Ashcroft. I expect he was at Nigel's Brexit celebration at the Ritz. His 'champagne' was. He's a Belizean and belonger of the Turks and Caicos.

col2001 - 06 Nov 2017 06:42:45 (#7 of 536)

Ah, the rich and their shy money...

col2001 - 06 Nov 2017 06:46:54 (#8 of 536)

The whole edifice of 'trusts' is a piece of shit.

Here's a piece explains the idea, with added 'rule-breaking'. (Not 'law-breaking, I note...)

Paradise Papers: Lord Ashcroft 'ignored rules' on offshore trust - http://www.bbc.co.uk/news/uk-politics-41878306

bossab2 - 06 Nov 2017 06:55:28 (#9 of 536)

Time to nationalise the queen.

HouseOfLametta - 06 Nov 2017 07:10:03 (#10 of 536)

Notionalise.

bossab2 - 06 Nov 2017 07:11:26 (#11 of 536)

Maybe her marg could donate their accumulated loot to the poor people.

browserbutton - 06 Nov 2017 07:15:37 (#12 of 536)

"Grant me a boon, Majesty!"

InternationalVicar - 06 Nov 2017 07:17:24 (#13 of 536)

Only £3,500 invested in Brighthouse. That's not even enough to buy a fridge.

rearranged - 06 Nov 2017 07:17:49 (#14 of 536)

The standard of the reporting I have heard so far is appalling.

The conflation of offshore trusts and offshore funds is wildly misleading.

The tax savings from an offshore trust can be substantial. The savings from an offshore fund such as the Queen invested in are precisely zero.

Tripos - 06 Nov 2017 07:18:12 (#15 of 536)

The gate keepers in the media are busy saying: "Of course there is no suggestion that her majesty has done anything illegal".

But of course her majesty makes the law. She meets the prime minister in a secret and private meeting weekly. The Queen helps with making the laws that suit her. All laws have to be given "Royal Assent".

HouseOfLametta - 06 Nov 2017 07:18:21 (#16 of 536)

Perhaps that’s what it means.

Moschops - 06 Nov 2017 07:21:30 (#17 of 536)

Let's hope that lessons can be quickly learned so we can return to previous behaviour asap.

browserbutton - 06 Nov 2017 07:23:36 (#18 of 536)

"One must speculate to accumulate. One beseeches one's subjects to go forth and do likewise!"

InternationalVicar - 06 Nov 2017 07:35:44 (#19 of 536)

The standard of the reporting I have heard so far is appalling.

Starting with the word Paradise.

Has nobody been to these hell holes?

browserbutton - 06 Nov 2017 07:48:32 (#20 of 536)

Most of the money will find it's way to tropical paradise Putin Island, which looks like a palm-fringed volcano but is actually hollow inside...

https://catsonfilm.files.wordpress.com/2012/10/frw
l02_2.jpg

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