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Rushen Spy

Great news for the island's financial services reputation

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59 minutes ago, woolley said:

Exactly. 17th worst tax haven to TJN means 17th best to everyone else. All publicity is good publicity, so they say, but this is hardly something to crow about, is it? If we were a Premier League football team we just avoided relegation by one place.

Brighton avoided relegation by one place, and immediately sacked their manager.

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16 minutes ago, TheTeapot said:

Brighton avoided relegation by one place, and immediately sacked their manager.

We'd give ours 10 times the pay off though.

And then re-employ them as a consultant.

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2 hours ago, Roger Mexico said:

Shocking really.  Jersey's at number 7 and we're 10 places behind them in the Corporate Tax Haven Index.   Even the UK beats us (#13).  And what is more embarrassing if you click on the Isle of Man's individual entry, where it says What is the size of the jurisdiction's share of global investment by multinational corporations? there is the humiliating response 'Tiny' (Compare say the Cayman Island's 'Large').  Clearly those slackers in Athol Street have been asleep on the job and should be immediately stripped of all their worldly goods until they can improve the Island's international standing.

The TJN's original article is here and you can find cut down (and probably misunderstood) copies widely in the media.  There's links to their methodology in calculating the Indices they use, if you want to work things through.

 

Strange how Luxembourg is No 6 yet the media never really explain to people the strange and peculiar history of that particular tax haven and its relationship with both the Third Reich and the EU.

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Posted (edited)
12 hours ago, Rushen Spy said:

Strange how Luxembourg is No 6 yet the media never really explain to people the strange and peculiar history of that particular tax haven and its relationship with both the Third Reich and the EU.

Relationship with the Third Reich? Luxembourg is a tiny country right next to Germany, they stood no chance against the Germans in WW2 and were easily taken. Not sure how they could have resisted. They are are in a good central location for the EU.

 

Or are you saying there is some link between the Third Reich and the EU?

Edited by mojomonkey

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19 minutes ago, mojomonkey said:

 Luxembourg is a tiny country right next to Germany, they stood no chance against the Germans in WW2 and were easily taken. Not sure how they could have resisted.

Why on earth would they have resisted? They were Nazis.

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4 minutes ago, Rushen Spy said:

Why on earth would they have resisted? They were Nazis.

So you are saying that the Luxembourg Government post WW2 were Nazis and welcomed the Germans? Ok.

 

and you are not saying there is a link between the Third Reich and the EU? Would not want you to be misunderstood.

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No, I'm not saying that. I'm saying the people in power in Luxembourg were Nazi sympathisers, pre - during - and post WW2.

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14 hours ago, Rushen Spy said:

Strange how Luxembourg is No 6 yet the media never really explain to people the strange and peculiar history of that particular tax haven and its relationship with both the Third Reich and the EU.

It's in the EU so it automatically avoids criticism. Same with Ireland and Netherlands.

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Exactly Woolley. TJN happily ignore them and the UK and Belgium. If TJN want real credibility, deal with those countries first. It is just easier to attack and bully smaller groups / countries without the backing.

 

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Posted (edited)
1 hour ago, Rushen Spy said:

No, I'm not saying that. I'm saying the people in power in Luxembourg were Nazi sympathisers, pre - during - and post WW2.

I'm sure there were some, just as there were in Britain, but most were opposed and the Germans invaded.

https://en.wikipedia.org/wiki/History_of_Luxembourg#Second_World_War

(Admittedly they were chummier with the Germans in the First World War, which the people didn't like and the Grand Duchess had to resign)

 

30 minutes ago, woolley said:

It's in the EU so it automatically avoids criticism. Same with Ireland and Netherlands.

If you look at the TJN article, you'll find that the EU doesn't escape criticism:

Quote

EU hypocrisy
The Corporate Tax Haven Index documents the sobering hypocrisy of the European Union. Excluding the UK, the EU is responsible for over a third (35 per cent) of the world’s corporate tax avoidance risks as measured by the Corporate Tax Haven Index.

 

Edited by Roger Mexico
Formatting

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9 minutes ago, Roger Mexico said:

 If you look at the TJN article, you'll find that the EU doesn't escape criticism:

 

I meant criticism from the EU itself mainly.

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1 hour ago, Cambon said:

 If TJN want real credibility

 

 

Hard to believe that could ever be possible.

"Richard [Murphy] was a co-founder of the Tax Justice Network"

(Source: Richard Murphy)

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HRH The Chief Minister opening his trap again, as reported on the Nations Propaganda Mouthpiece. We as an island are on a hiding to nothing, whatever we reply and try to rebut allegations. We take action, introduce legislation (taking to much action which stops businesses from conducting businesses). Damned if we do and Damned if we don’t. Really we should be quiet, take the attack on the chin and soak it up. If HRH The Chief Minister had a respectable business career, a lawyer or an accountant, I’m sure whatever he said may well be respected, unfortunately he is a farmer .................

https://www.manxradio.com/news/isle-of-man-news/islands-tax-laws-ahead-of-other-countries-says-cm/

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