Thursday, 25 August 2016


So, within a week of EU and UK threats to jail crooked accountants and lawyers, here come the legions who are hell bent on defending the inalienable God Given rights of bent accountants to continue to fiddle the books with "complex" (i.e. fraudulent) transactions. There will be multitudes of these folk rising from the sewers - who are embedded in the political, administrative, justice, business and society systems.

If only, if only, we could all send ourselves invoices, from our offshore companies, made up after the real transactions are known, to wipe out all our taxable income - what a wonderful, fairyland world it would be. If only we could all disguise our incomes, down to zero, with ENRON & Arthur Andersen bookkeeping entries.

Riding to the rescue of Crooks Against Communism - against those evil social forces who want individuals and companies to pay the taxes we all pay, that keep our nations functional for business - comes Jack Lew, US Treasury Secretary, waving his mighty cavalry Sword of Truth. 

With tax-unpaid $32 trillion hidden offshore, he will find many allies, from every corrupt corner of the world, to join his gang, "For they are Legion". Jack Lew wrongly states that taxing multinational US companies will take money from US taxpayers' pockets. But, it will not, as all the major companies are holding their massive cash reserves off-shore, legally free from US taxes, until and unless they bring the cash home to invest in the US, and end US austerity.

My letter to The Guardian 31 Aug 2016:
The USA, Ireland, UK and all Crown Territories tax-havens fully support Apple’s divine right to cut its EU tax bills by $13 billion – by sending itself no-fixed-abode cyberspace invoices to wipe out £150 billion of profits (Guardian headline 30 Aug 2016). All our businesses and citizens surely have the same legitimate rights. To ensure a “level-playing-field” and promote “small-government”, I trust you agree that we should all send ourselves fantasy E-invoices to wipe out all taxable income and thus zero our tax-bills.

Noel Hodson - Director
Tax Reconciliations, Oxford UK,
Tel +44 1865 (0)760994 Mobile 07713 681216

Previous article - last week:

And here are today's reports, as the forces of darkness summon their demons, to condemn ordinary people to continued austerity and, in impoverished regions, to collapse into chaos.

US threatens to retaliate over EU crackdown on corporate tax deals
5 hours ago - US threatens to retaliate over EU crackdown on corporate tax deals ... Cook has called the tax investigation 'political crap' and vowed to ...

Trans-Atlantic Spat Looms Over EU Crackdown on Corporate Tax ...
6 days ago - The U.S. and the EU are far from seeing eye-to-eye over the bloc's ... Trans-Atlantic Spat Looms Over EU Crackdown on Corporate Tax Deals ... tax measures by the U.S. and threatens to undermine broader U.S. and EU ...

US in last-ditch effort to quash Brussels tax demand on Apple - › World › Europe › Brussels

14 hours ago - The US has launched a stinging attack on the European Commission in a ... into an alleged sweetheart tax deal that Ireland granted to Apple, the biggest single case in a crackdown on corporate tax avoidance across the EU. ... the US touched on sensitivities over Brussels' accountability by suggesting that ...

Trans-Atlantic Spat Looms Over EU Crackdown on Corporate Tax Deals

23 hours ago - There is a growing conflict between the US and the EU about the investigation by the Commission under the EU State aid rules into so called ...

US warns Europe over $19bn tax crackdown on Apple - International ...

4 hours ago - US warns Europe over $19bn tax crackdown on Apple ... The US has warned it will be forced to retaliate if the European Union (EU) goes ahead with plans to demand billions of euros in unpaid taxes from Apple. ... "We are concerned that the European Commission's state aid investigations threaten to ...

Pfizer's merger collapse prompts speculation it will seek new takeover ... › Business › Pfizer
6 Apr 2016 - Pfizer's deal with Allergan is the second major deal it has attempted to ... immediate speculation on Wednesday that the US drugs company would turn its ... The US president described global tax avoidance on Tuesday as a ... Shire is now itself in the throes of taking over the Illinois-based .... Eu tax havens.

USA at war with EU: US warns Europe over plan to demand MILLIONS ...

4 hours ago - US warns Europe over $19bn tax crackdown on Apple · / about 3 hours ago. The US has warned it will be forced to retaliate if the European ... with plans to demand billions of euros in unpaid taxes from Apple. ... US companies over tax deals ahead of a ruling on tech giant Apple.

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