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Quarter of FTSE 100 subsidiaries located in tax havens

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posted on Oct, 11 2011 @ 05:25 AM
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As far as I am concerned, the ONLY reason tax havens exist,
are for corrupt government officials, criminals, and ethically bankrupt corporations.
If Anon or a whistleblower released lists of account signatories/owners and their balances, Politicians and CEO's would be scurrying into hiding. These are the people that the French Guillotine was made for.


The 100 largest groups registered on the London Stock Exchange have more than 34,000 subsidiaries and joint ventures between them. A quarter of these, over 8,000, are located in jurisdictions that offer low tax rates or require limited disclosure to other tax authorities.
...
By this measure, it emerges that 98 of the FTSE 100 companies use tax havens, with only Fresnillo, a Mexican-based mining company, and Hargreaves Lansdown, a Bristol-based financial services group, declaring no offshore subsidiaries.
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The banking sector has the largest number of tax haven companies, with the big four UK banks – HSBC, Royal Bank of Scotland, Barclays and Lloyds – having a total of 1,649 offshore subsidiaries. They have the largest number of companies registered in the Cayman Islands, with Barclays alone registering 174 subsidiaries and ventures there. HSBC has 156 subsidiaries in Delaware, which has limited reporting requirements, compared to 97 in the rest of the USA. Lloyds Group has 97 companies in the Channel Islands.


The Elite want population control???
Well, lets give it a trial!
Let's see if a`1% reduction makes the world a better place first...





posted on Oct, 11 2011 @ 05:32 AM
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Sorry,
but these tax havens are a big part of the problem.
the only justification for them are criminal deception.
But, they bring the hammer down on any citizen whose tax claim has too much for a uniform dry-cleaning deduction.



posted on Oct, 11 2011 @ 05:38 AM
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Originally posted by CitizenNum287119327
but these tax havens are a big part of the problem.
the only justification for them are criminal deception.



The justification for them is that they are sovereign nations, and are allowed to run their own country as they see fit.
Their own laws.
Their own trade rules.
Their own tax legislation.
Their own country.

Whatcha gonna do about them?



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