FT takes apart Osborne’s Swiss tax deal

FT take apart Osborne’s Swiss tax deal: http://t.co/mdYHrDL reports @ShamikDas

RT @leftfootfwd: FT take apart Osborne’s Swiss tax deal: http://t.co/YDon2bq reports @ShamikDas > shameful in present situation

RT @leftfootfwd: FT take apart Osborne’s Swiss tax deal http://t.co/ua5wkfL Rightly so and about time too

FT takes apart Osborne’s Swiss tax deal: http://t.co/mdYHrDL reports @ShamikDas

FT takes apart Osborne’s Swiss tax deal: http://t.co/mdYHrDL reports @ShamikDas

RT @leftfootfwd: FT take apart Osborne’s Swiss tax deal http://t.co/ua5wkfL Rightly so and about time too

The Financial Times has scathingly criticised the #Swiss #tax deal of #Osborne. It calls it an amnesty to tax evaders. http://t.co/qjoRjlo

FT takes apart Osborne’s Swiss tax deal: http://t.co/mdYHrDL reports @ShamikDas

RT @leftfootfwd: FT takes apart Osborne’s Swiss tax deal http://t.co/y0MHpmC

Even FT sees through UK Govt's smokes screen on Swiss tax deal http://t.co/WEIdjud #osborne #taxation #nocuts

Even FT sees through UK Govt's smokes screen on Swiss tax deal http://t.co/WEIdjud #osborne #taxation #nocuts

RT @leftfootfwd: FT take apart Osborne’s Swiss tax deal: http://t.co/YDon2bq reports @ShamikDas > shameful in present situation

"@leftfootfwd: FT takes apart Osborne’s Swiss tax deal: http://t.co/k9uKcOn reports @ShamikDas" Good to see FT shares my view on this deal

"@leftfootfwd: FT takes apart Osborne’s Swiss tax deal: http://t.co/k9uKcOn reports @ShamikDas" Good to see FT shares my view on this deal

FT takes apart Osborne’s Swiss tax deal: http://t.co/mdYHrDL reports @ShamikDas

"@leftfootfwd: FT takes apart Osborne’s Swiss tax deal: http://t.co/k9uKcOn reports @ShamikDas" Good to see FT shares my view on this deal

Osborne’s Swiss tax deal http://t.co/VmNMJPu "permitting some people to pay their way out of obeying the law” #artfuldodging @38_degrees

"@leftfootfwd: FT takes apart Osborne’s Swiss tax deal: http://t.co/k9uKcOn reports @ShamikDas" Good to see FT shares my view on this deal

Remind me of Labour tax rules for people living here like the Lord Pauls, ah yes they had to pay tax, after how many years. I think yes maybe the Tories tax on people in the Swiss alps maybe crap it’s just as crap as Labour.

But again this article and presumably the FT article that underpins it shows the problem of this sort of criticism. On the one hand Osborne is being too soft and on the other he risks driving tax avoiders to Liechtenstein and beyond. Surely that is the point of the deal – to strike a very tough balancing act.

I would argue that something is much better than nothing. If an EU agreement finally puts something better on the table that cuts out other loopholes – then great. If not, then at least we will get something at a time when the Nations finances most need it.

If, as some say, that this agreement destroys the dream of an EU agreement – then it was already destroyed by the German deal and we were right to seek a bilateral agreeemnt.

Labour’s record on tax avoidance/evasion was virtually non-existent.

"@leftfootfwd: FT takes apart Osborne’s Swiss tax deal: http://t.co/k9uKcOn reports @ShamikDas" Good to see FT shares my view on this deal

FT takes apart Osborne’s Swiss tax deal: includes loopholes as devilishly cunning as moving their £'s out of Swizland: http://j.mp/mXghVg

FT takes apart Osborne’s Swiss tax deal: Today's Financial Times has drilled an alarming number of holes in Geor… http://t.co/yUQbx4V

RT @leftfootfwd: FT takes apart Osborne’s Swiss tax deal http://t.co/7t9yCQ7

Germany’s deal is very likely to be rejected by their legislature, and rightly so.

And the choice isn’t this or nothing. It’s this or the deal they’ve backstabbed, a comprehensive EU tax treaty which would have ensured actual compliance, not an effective tax reduction for the rich.

The EU can and should bill the UK for this, incidentally.

"@leftfootfwd: FT takes apart Osborne’s Swiss tax deal: http://t.co/k9uKcOn reports @ShamikDas" Good to see FT shares my view on this deal

FT takes apart Osborne’s Swiss tax deal: includes loopholes as devilishly cunning as moving their £'s out of Swizland: http://j.mp/mXghVg

So – the truth about Osborne's 'better than nothing' #taxdeal with Switzerland is emerging – via the FT! http://t.co/En7klMu

"@leftfootfwd: FT takes apart Osborne’s Swiss tax deal: http://t.co/k9uKcOn reports @ShamikDas" Good to see FT shares my view on this deal

"@leftfootfwd: FT takes apart Osborne’s Swiss tax deal: http://t.co/k9uKcOn reports @ShamikDas" Good to see FT shares my view on this deal

Straw man argument from Robert and August. Instead of addressing the issue at hand, that is looking FORWARD to and working towards the strong possibility of getting Berne to bend to an international agreement, what is the best these peuerile eejits can come up with? “Oh miss, miss, he started it first.” And where the hell is that going to get us, hey?

FT takes apart Osborne’s Swiss tax deal: http://t.co/GasTKBo (via @leftfootfwd )

FT takes apart Osborne’s Swiss tax deal: http://t.co/mdYHrDL reports @ShamikDas

I have a plan – find out who’s been avoiding taxes and put them on the dole – replace them with one of the millions of people who care about their country and wouldn’t dream of cheating it so they can grab even more for themselves. Such people are very similar to the worst of the recent rioters – no social responsibility or concern for others, just me me me, grab grab grab.

As with the rioters and as a caring society, we should be willing to rehabilitate them and teach them how to work hard for a reasonable living and the common good.

Headline grabber.

http://t.co/A7vm2gT Osbod's Swiss deal wont make slightest difference. Tax evaders will simply move money elsewhere.

http://t.co/A7vm2gT Idiot Osbod's Swiss deal wont make slightest difference. Tax evaders will simply move money elsewhere.

We are reading a lot about the fact that the German-Swiss deal may not be approved by Germany’s Congress, but it is simply wishful thinking on the part of some. It is true that Merkel does not have a majority in the German Senate, but she has more than one way to “buy” a few votes if she comes up short. Remember that Germany continues to see vast fiscal transfers from West to East, which makes it very easy to trade favors across the aisles of the legislature. While nothing is certain except death, it is a safe bet that this treaty will be ratified, most likely on a day where everyone else is looking the other way and is busy putting out a fire across the EMU.

We also read a lot about an elusive EU agreement on the taxation of savings. People need to get their facts right: the problem about the agreement is only indirectly related to Switzerland. The deadlock is actually within the EU, where there is strong opposition to the lifting of banking secrecy. Luxembourg and Austria have always objected to it and consistently said they would veto any such legislation and from 2009 onwards, it became clear to many parties that the EU would not succeed in changing their position. Germany lost patience and In January 2010, soon after Schaueble took office, Europe’s German-speaking countries started to negotiate the matter outside of the EU framework. Essentially Austria, Switzerland and Luxembourg told Germany that automatic exchange was never going to happen, and that they should work on an alternative model. There was an informal meeting of the gang of five (with Liechtenstein) in August 2010 in which Germany and Switzerland agreed to start negotiations around their bilateral agreement.

The EU found out or was told about it, understood that Germany was no longer going to push for automatic exchange and started to redraft the revised directive on the basis of a compromise that would not force Austria and Luxembourg to abandon banking secrecy and would instead make the withholding regime permanent, but retained the rest of the revisions. Italy got very upset and started to throw its toys. The whole thing descended into a European farce. This helped the UK government, which was not at all in the flow of what the German-speaking countries were cooking up, realize that the EUSD was not going anywhere fast. To his credit, Osborne was successful in convincing the Swiss of starting a parallel process to that with Germany when the Swiss really did not need to.

#Capitalism: FT takes apart Osborne’s Swiss tax deal http://t.co/0O1ssIb | #TaxAvoidance #Corporatocracy

Great, that doesn’t mean that he’s any less guilty of directly helping tax evasion and growing the tax gap with this “deal”.

Lower tax for the rich, social cleansing for the poor.

[...] as a by product.  However, a new report from the Public Accounts Committee published today shows again when it comes to tax this Government is all avoidance and no [...]

[...] receipts as a by product. However, a new report from the Public Accounts Committee published today shows again when it comes to tax this government is all avoidance and no [...]

Well the British Government has done it again. They have come up with something and totally forgotten that the people they effect will come up with something else even more elusive. Being ignorant of management technigues they always forget to play the ‘what if’ game. If I did that, what will happen. I’m just wiating for the Russian Federation to offer numbered accounts to all westerners. Soon it would be worth the Eastern Bloc Countries doing this. WOW Good luck George, Go back to school and do some management training. When you go to get the taxes ther will not be anything there. Did not the USA try the same thing.

Don't just take our word for it, the FT have also savaged Osborne's Swiss tax deal: http://t.co/ka14Hwyf

Don't just take our word for it, the FT have also savaged Osborne's Swiss tax deal: http://t.co/ka14Hwyf