Posts by Ian Dalziel
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spitting tax...
The work was coordinated not by any one media organisation but by the International Consortium of Investigative Journalists.
Who also broke the earlier Luxembourg Leaks in 2014 - highlighting the sterling work of PricewaterhouseCoopers and their 'sweetheart tax deals'
PricewaterhouseCoopers has helped multinational companies obtain at least 548 tax rulings in Luxembourg from 2002 to 2010. These legal secret deals feature complex financial structures designed to create drastic tax reductions. The rulings provide written assurance that companies’ tax-saving plans will be viewed favorably by Luxembourg authorities.
oddly the man shoulder tapped by Mr Key to 'independently inquire' into the propriety of NZ's situation was a boss within PwC's global juggernaut at that time - retiring in 2012 before the story broke...
Just sayin'... -
Hard News: Dirty Politics, in reply to ,
Skating on thin ice there, Rich...
...best to not risk action against Russell and the site. -
Hard News: Dirty Politics, in reply to Alfie,
She was “completely vindicated”, wasn’t she?
'Completely vindictive' did you mean?
;- ) -
and in true ‘dirty politics’ style the ‘leaker’ of the Luxembourg papers was prosecuted…
http://www.bloomberg.com/news/articles/2014-12-15/ex-pwc-auditor-charged-in-leaks-of-luxembourg-tax-casesLuxembourg charged a Frenchman with stealing confidential documents revealing sweetheart tax deals arranged for multinational companies by PricewaterhouseCoopers LLP.
Antoine Deltour, a former auditor at PwC, said he appeared before a Luxembourg judge on Dec. 12 to detail his involvement in the case.
“From the start, I have acted according to conviction for my ideas, not to appear in the media,” Deltour, 28, told French newspaper La Liberation in an interview published last night. “I am just one element in a more general movement.”
The revelation of thousands of pages of leaked secret tax deals with companies from around the world has shaken Luxembourg and Jean-Claude Juncker, the nation’s former prime minister who is now president of the European Commission. More than 340 companies have transferred profits to Luxembourg using complicated tax arrangements, the International Consortium of Investigative Journalists said last month. (Dec 2014)
…
Just before he resigned from PwC in 2010, Deltour said he “copied documents” and also discovered “the famous tax rulings. Without any particular intention, I copied them as well, because their content startled me.”here’s the Guardian’s take:
http://www.theguardian.com/business/2014/nov/05/-sp-luxembourg-tax-files-tax-avoidance-industrial-scale -
Speaker: Are we seeing the end of MSM,…, in reply to Alfie,
And nobody at Fairfax noticed. Doh!
They've picked up on that and changed it to the more 'off the cuff' caption:
Police arrested four men in relation to a stolen vehicle in Coromandel. -
re The Panama Papers
As usual Key goes looking for someone who will give him the answers he wants rather than accepting the advice he has already received from IRD and the NZ Law Society - 'Policy-based evidence making' rather than the infinitely saner 'Evidence-based policy making'.
Having the 'independent' inquiry run by an ex-PricewaterhouseCoopers' boss (John Shewan, a former chair of accountancy firm PwC) does not reassure me one bit - they are no stranger to controversy in this area - just ask Willie Nelson or look at 2014's Luxembourg Leaks...
see:
https://en.wikipedia.org/wiki/Luxembourg_LeaksLuxembourg Leaks (sometimes shortened to Lux Leaks or LuxLeaks) is the name of a financial scandal revealed in November 2014 by a journalistic investigation conducted by the International Consortium of Investigative Journalists. It is based on confidential information about Luxembourg’s tax rulings set up by PricewaterhouseCoopers from 2002 to 2010 to the benefits of its clients. This investigation resulted in making available to the public tax rulings for over three hundred multinational companies based in Luxembourg.
The LuxLeaks' disclosures attracted international attention and comment about tax avoidance schemes in Luxembourg and elsewhere. This scandal contributed to the implementation of measures aiming at reducing tax dumping and regulating tax avoidance schemes beneficial to multinational companies.and
https://en.wikipedia.org/wiki/PricewaterhouseCoopers#Controversies
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Hard News: Labour's medical cannabis…, in reply to BenWilson,
and they’re not for any other purpose than fun.
Priapic epics vs Viagra falls?
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Hard News: Friday Music: Screen gigs, in reply to Harry Musgrave,
I had no idea that xkcd had mouseover text.
I can't find any 'mouseover' action there - maybe it's invisible?
Meanwhile here's this to be going on with...
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Speaker: Are we seeing the end of MSM,…, in reply to linger,
Lack of subs leads to lack of depth charges.
Nice!
"Damn the torpedoes, full speed ahead!" -
Looks like John Key is moonlighting as a sub for the NZ Herald website:
Watch: We inerview burglary victim Hamish Cook