Heimdall

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Ironically isn't this the same thing tax havens in the Caribbean were punished for?
:ohhh: I had to read about this; I genuinely didn't know anything had resulted from the various Papers

This year, the EU identified jurisdictions with strategic deficiencies in their AML/CFT regimes that pose significant threats to the financial system, “high-risk third countries” such as Barbados, the Cayman Islands, Haiti, Iran, Jamaica, Jordan, Morocco, Myanmar, Nicaragua, Pakistan, Panama, the Philippines, Syria, Trinidad and Tobago, Uganda, Vanuatu, Yemen, Zimbabwe.

So where are the UK, Switzerland, China, Hong Kong, India, Russia and Ukraine? Where is Venezuela, a narco-state? Where is the Netherlands, a country where a parliamentary investigation found that billions of dollars are laundered and tax evasion cost billions in lost revenue? Why is not a single EU member country or their most influential trading partners listed?

The Tax Justice Network in a 2020 report revealed that tax abuse by multinationals and individuals was costing countries $427 billion a year in lost revenues. The five jurisdictions most responsible, it said, were the British overseas territory Cayman Islands, the UK, the Netherlands, Luxembourg and the US.
Good question :mjpls:
All countries on the European blacklists are small and relatively underdeveloped; most are territories or ex-European colonies with small GDPs.

The amount of money laundered through these countries is tiny in comparison to that of the money laundering cities of Europe. For example, blacklisted Trinidad and Tobago has protracted and rigorous procedures just to open a bank account. Even buying a sim card needs photo identification and proof of address.
A similar thing has also happened in Ghana very recently, with some National ID drive coming out of seemingly nowhere. Maybe it has something to do with this.
 

jj23

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:ohhh: I had to read about this; I genuinely didn't know anything had resulted from the various Papers


Good question :mjpls:

A similar thing has also happened in Ghana very recently, with some National ID drive coming out of seemingly nowhere. Maybe it has something to do with this.
You see it breh...you see it.
 

DrBanneker

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Figthing borg at Wolf 359

So it looks like Kwasi Kwarteng will be tapped as chancellor of the exchequer if Liz wins. UK brehs are you proud?

I got a bad feeling about this. When the UK economy, pound, and gov't finances hit the wall, they can blame the negro holding the wheel. :francis:
 
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