The Panama Papers

  • Thread starter DK
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Well, if it's a former BMW showroom, I wouldn't be surprised if it's a Range Rover showroom now, and JLR have almost certainly nothing to do with it.
 
Now yes or no, is there JLR in this database?

But still gas results manipulation like vw is much more evil than avoiding tax and using benefits of tax havens. No company is crimeless.
 
Neddo
Now yes or no, is there JLR in this database?
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Woahh... you searched and didn't find a specific reference. I think you might be misunderstanding the nature of this data or the methods and activities it covers. It will take time for people to go through data and make the links. You could be better off looking for Tata links, I think.

I'm curious though, what's your interest in JLR?
 
TenEightyOne
Woahh... you searched and didn't find a specific reference. I think you might be misunderstanding the nature of this data or the methods and activities it covers. It will take time for people to go through data and make the links.

I'm curious though, what's your interest in JLR?
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I guess it will take time to make this database better. I guess that most of these results represent smaller crimes.

My fave companies together with Maserati. One of my dream jobs, I would like to work as a designer or something else, especially for them. Also F type and GranTurismo are gorgeous pieces of art.

I also wonder to how far will conspiracy theorists take this. I get the feeling that they would include JLR... and everything else they can think of XD
 
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Neddo
My fave companies together with Maserati. I would like to work as a designer or something else for them. Also F type and GranTurismo are gorgeous pieces of art.
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So how does a company's tax portfolio affect you if you want to work for them? Unless you're going in as a senior accountant I can't see it being an issue.
 
TenEightyOne
So how does a company's tax portfolio affect you if you want to work for them? Unless you're going in as a senior accountant I can't see it being an issue.
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I'm sure some people might have a "moral" objection to "hiding" your money offshore and "avoiding/evading" taxes, quotes used purposely. Not saying that is @Neddo's reason but I'm sure some people think that way in this day and age of micro aggressions.
 
A very educational video as to the difference between Tax Evasion and Tax Avoidance (which in some jurisdictions, is illegal.):



Watch until 8:17
 
Johnnypenso
I'm sure some people might have a "moral" objection to "hiding" your money offshore and "avoiding/evading" taxes, quotes used purposely. Not saying that is @Neddo's reason but I'm sure some people think that way in this day and age of micro aggressions.
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ummm what's microagression? It would kinda hurt Jaguar and Land Rover rep but still not as emission scandal. I still wonder if actual JLR company is connected to this Panama scandal. I will not hate JLR but my respect would be lower. But still huge, considering engineeering achievements.
 
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The Panama Papers - well, Panama, at least - are back in the news as both Nobel-winning economist Joseph Stiglitz and Mark Pieth, a Swiss anti-corruption official, have resigned from a task force set up by the Panamanian government with the apparent aim of "increasing transparency". The two quit the task force citing "interference" from the Panamanian government.
 
I wonder how many richest in world like Waltons, Arab sheiks, banking families, individuals and so on have used this Panama as tax haven. Have the full results been released?

I guess that this is losing interest
 
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gkgamer
Is there a thread about the "paradise papers"? I heard Lewis Hamilton would like to contribute there...
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The question for him (and the many others named) is did he do anything illegal? The answer is: no. That's the real problem, a British tax system that allows that sort of enterprise. If you've got a lot of money and your accountant tells you (legally) that registering your assets a certain way is the cheapest way to do it (by a large margin) then why wouldn't you? If the system relies on HMRC doing follow-up checks that they can't be arsed to do because they're too busy screwing odd pence from the poorest families then that's a systemic failure, not the fault of those who pass a lot of money through it.

That's not a specific defence of anybody involved with this avoidance, I'm just pointing out that by definition it's legal. It's evasion that's illegal. And that's a British systemic fault.
 
TenEightyOne
That's not a specific defence of anybody involved with this avoidance, I'm just pointing out that by definition it's legal. It's evasion that's illegal. And that's a British systemic fault.
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I can't help thinking that the people who could prevent this are all doing it themselves so have no reason to change anything.
 
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The harder and more strenuously you levy taxes, the even harder and even more strenuously those with wealth will try to avoid it.

There's nothing illegal in leasing a private jet to yourself to avoid VAT. There's also nothing illegal in telling people who practice it that they're a 🤬.
 
Liquid
The harder and more strenuously you levy taxes, the even harder and even more strenuously those with wealth will try to avoid it.

There's nothing illegal in leasing a private jet to yourself to avoid VAT. There's also nothing illegal in telling people who practice it that they're a 🤬.
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Most people try to avoid paying taxes in my experience, not just the rich.
 
Johnnypenso
Most people try to avoid paying taxes in my experience, not just the rich.
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Well, you'll join me though in observing that it looks much easier and worth the effort to try and skip the VAT on a personal jet than doing the same on a fast-food meal.
 
gkgamer
Well, you'll join me though in observing that it looks much easier and worth the effort to try and skip the VAT on a personal jet than doing the same on a fast-food meal.
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The amounts are certainly different but I'm not sure one is easier than the other. A great deal of my friends are self employed and I can tell you there is a lot of trading of goods and services going on out of sight of the watching eye of the tax man, including exchanges for food and other goods.
 

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