- Joined
- May 8, 2018
- Location
- south east england
This is an interesting articel on the bbc website, dated 20 dec, regarding the EU and the IOM. It's a long article but the first few paragraphs will concern some:
Britain's Crown Dependencies are home to 76,000 companies - slightly fewer than one for every third person living there.
It is many of these companies that will now have to prove their presence in Jersey, Guernsey and the Isle of Man is not merely a tax-dodging exercise.
New measures mean there is further onus on these firms to justify why they should benefit from the low or non-existent tax rates paid on their profits in the islands.
The laws were introduced after the European Union
With it comes the potential for economic sanctions and significant damage to the reputations of the islands' financial services sectors.
The EU is concerned some of the tens of thousands of offshore companies are routing company profits to the islands, where they pay little or no tax, and potentially deprive member states of income to spend on essential public services like schools and hospitals.
Wouldn't surprise me if the EU come calling again in the future regarding this tax issue, iirc the paradise papers which a lot of this is about have something to do with george soros who is a big proponent of the EU and of open borders. This is big politics relating to globalism and very complicated IMO as why would the media owned by tax evading billionaires want to expose all the tax evasion??
Britain's Crown Dependencies are home to 76,000 companies - slightly fewer than one for every third person living there.
It is many of these companies that will now have to prove their presence in Jersey, Guernsey and the Isle of Man is not merely a tax-dodging exercise.
New measures mean there is further onus on these firms to justify why they should benefit from the low or non-existent tax rates paid on their profits in the islands.
The laws were introduced after the European Union
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along with 62 other places.With it comes the potential for economic sanctions and significant damage to the reputations of the islands' financial services sectors.
The EU is concerned some of the tens of thousands of offshore companies are routing company profits to the islands, where they pay little or no tax, and potentially deprive member states of income to spend on essential public services like schools and hospitals.
Wouldn't surprise me if the EU come calling again in the future regarding this tax issue, iirc the paradise papers which a lot of this is about have something to do with george soros who is a big proponent of the EU and of open borders. This is big politics relating to globalism and very complicated IMO as why would the media owned by tax evading billionaires want to expose all the tax evasion??
What rate of income tax do you pay there?


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I feel like an oap tagged teamed by mike tyson and marvin haggler 
