The British Also Have Secret Tax Havens
http://hebronics.org/index.html
Sometimes we are made to wonder just how free, the free nations are. It is not unusual to hear of Russia, China, Cuba, Venezuela, and the like who squash whatever materials they like, to keep them from the news media but the U.S. Britain and such freedom loving countries are not known so much at this.
"Barclays Bank obtained a court order early today banning the Guardian from publishing documents which showed how the bank set up companies to avoid hundreds of millions of pounds in tax."The gagging order was granted by Mr Justice Ouseley after Barclays complained about seven documents on the Guardian's website which had been leaked to the Liberal Democrats' deputy leader, Vince Cable."The internal Barclays memos – leaked by a Barclays whistleblower – showed executives from SCM, Barclays's structured capital markets division, seeking approval for a 2007 plan to sink more than $16bn (£11.4bn) into US loans."
"Tax benefits were to be generated by an elaborate circuit of Cayman islands companies, US partnerships and Luxembourg subsidiarie.
One would think that some authorities, somewhere would delve into these outrageous networks of lawbreakers and put a stop to it. But unfortunately, we have all heard that money talks. In this case, let me explain what happened and you'll see how much money does talk.
It was reported that the Barkley lawyers worked far into the night (last night) and that Mr. Justice Ouseley awakened The Guardian's solicitor, Geraldine Proudler, at 2: A.M. Asking her to argue her case for publishing the documents. Then, after some discussion, Mr. Ouseley issued a court order that they be removed from the website. Now how many judges will be up at 2 A.M. trying to solve a dispute and call the defendant to issue the order? It doesn't take much imagination.
Article submitted Wednesday, March 18, 2009 & read 82 times.
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