Tag Archives: Tax Laws

800,000,000 failures and a home-run

This is what I faced today, but the two are not connected, well not directly, optionally even indirectly. They are connected by the smallest sliver of thought. To start, the first part comes from the BBC. The article (at https://www.bbc.co.uk/news/world-europe-61080536) gives us ‘Sanctioned Russian oligarchs linked to £800m worth of UK property’, which sounds nice, but lets take a deeper look. We get “Some of the individuals deny ownership of the mansions, which may mean they are beyond the reach of the sanctions. To get to the bottom of who owns what, we carried out a detailed trawl of leaked offshore documents, the Land Registry and court papers – as well as previous reporting.” It comes down to the first part. There we see “Because of the system of secrecy here in the UK and in relation to the Overseas Dependencies it’s really easy for people to hide their assets and their funds in the UK and not even the police necessarily have sight of where those assets are,” these people are skating around the central issue ‘What they did was perfectly legal’ a setting of creating actual tax laws is at the heart of this and this is decades overdue. It should have started in the age of Gordon Brown (2007), there is a stage where we could agree that Tony Blair (1997-2007) should have started it, but the pressure was not on for the UK at that point, the meltdown in the US should have been a clear signal, but from 1997 onwards NOTHING was done to rewrite tax laws into the laws the UK needed to have in 2010, and now a decade later we see “To get to the bottom of who owns what” and there hiding behind the Panama Papers is jut a farce. This should have been adjusted in the EU, UK and US by 2010 but none of them did ANYTHING to clear the waters. They merely pretended to do so to appease political friends, they all did. And now when we see the laughingly weak “We are coming for your ill-begotten gains” this implies that laws were broken, so is he just incompetent, stupid or both? And this matters, because it is all linked. 

Roman Abramovich, has a vast property portfolio in the UK with more than 50 luxury residences, most on Fulham Road in west London. Through his UK company Fordstam Limited, he owns dozens of apartments in Chelsea Village, plus the hotel and residential complex around Chelsea’s Stamford Bridge stadium, according to the Land Registry. On Roman Abramovich we see “He has a vast property portfolio in the UK with more than 50 luxury residences, most on Fulham Road in west London. Through his UK company Fordstam Limited, he owns dozens of apartments in Chelsea Village, plus the hotel and residential complex around Chelsea’s Stamford Bridge stadium, according to the Land Registry. His most expensive London property is a 15-bedroom house on a street that is nicknamed Billionaires Row. With its vast stucco-faced Italianate mansions, it is home to royalty and ambassadors – as well as oligarchs.” The one element missing (two actually) were any laws broken? More important we see sanctioned by UK and EU, not the US. Then we get to the main event. It is Alisher Usmanov, sanctioned by all three and the desert of all this is more than a Medovik. We are given “a spokesman for Mr Usmanov said most of the billionaire’s UK property, plus a $600m (£456m) yacht, had already been “transferred into irrevocable trusts”, potentially putting them beyond the reach of sanctions.” A stage that is perfectly legal and the laws were never rewritten making this a sliding scale of discrimination, a scale of injustice and no laws were broken. The law makers were too stupid, too lazy to do anything about it. In the UK, the US and the EU. The lawmakers appeased THEIR friends as I personally see it and the oligarchs merely used the laws available to THEM TOO. A stage we need to accept and respect if we are a nation of laws. More important, which of these oligarchs ACTIVELY supported the war by Putin? I am asking, I actually do not know and the media merely surrounds itself with emotional BS, not a fact in sight and it is time to call these media players out on that too. The BBC article is actually quite good, but where do we see ‘Laws were broken’? We see “Ravenmorrow Limited was set up in December last year and no individual is identified on UK company records as the beneficial owner.” A clear failure of UK Laws, a setting where it was allowed to do this and no one is to blame but British Parliament and the House of Lords. The BBC does not really state that do they? As. I see it I see not the acts of Oligarchs, I see the failures of governments not overhauling tax laws when they could and as I see it all parties are guilty (except the greens), unlike the others the green parties all over the world seem to be oblivious on what a rudder is or does, so they are going Hades knows where at a speed no one can predict to arrive at some location no one knows.

Home-run
Yes, like the side we saw before there is another side and it makes more of a case towards the end of Microsoft, all whilst Adobe is getting more and more in place of taking over 25% of their office business. It is depending on two elements, and when these elements are out I will happily hand them over what I have if Google or Amazon buy the other IP and give me permission to hand that over to Adobe, I will gladly do that, just to see Microsoft squirm a little more. 5 markets lost to stupidity, 5 markets lost to shortsightedness and Adobe will be one of the winners. The setting that comes has been out for a while and the lost sides (four at present) are things that Microsoft should have seen years ago, their inaction is now more than enough. If you are asleep at the wheel you lose the ship, it is that simple and unlike the Ever Given, others are not in the Suez Canal, we can go around this Microsoft vessel and let it sink. A home-run out in the open and Microsoft just will not wake up, well let them sleep, I reckon that Adobe is more than ready to take over a chunk of the Office users. Consider that after all this time and all these follies, people do not merely gain a program, they gain a suite of options to tantalise their creativity. 

There is no telling where the creative people are going to end, but it will be ahead of where Microsoft hoped they would be, a lag that only intensifies the losses they will face. The setting reminded me of an article I saw in LinkedIn. 

There we see a person objecting to the discrimination of scouting. There we see “The announcer labelled the boy scouts as ‘Future leaders of America’ and the girls scouts as a group that were ‘just having fun’” This is what we see as a setting for Adobe and Microsoft. Adobe instills and propagates creativity, whilst Microsoft merely sets a mediocre foundation of presenting. Yet if there is one thing I have seen from Adobe, it is a clear stage where presenters can create works of art, whilst Microsoft sets a stage of mediocre joyous presentations, but in this day and age presentations are serious business, it sets the tone for corporate stories, sales events, propagating new projects and products. Joy gets us nowhere and Microsoft joy is close to a decade old. Adobe is on the verge of setting the next generation of presenting tools. So where do YOU wanna be when your idea is ready to be shown to the world? At the edge of what is possible, or in a joyous looking meadow, one that we have seen a million times over? I will let you decide on where you want to be and be honest, do you really think that Microsoft has any serious relevance left?

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A dangerous ploy

Today, we see President Biden play a dangerous card. It is his version of ‘tax the rich’. Now lets be clear, I have nothing against it, I find it unfair, in stead of ‘properly tax everyone’ he goes after one group, a populist approach to this issue. A setting we see but do we see it correctly. Presidents going back decades have been unwilling to overhaul tax laws in the US. The difference here is that it comes with an added bonus. The article (at https://www.reuters.com/world/us/bidens-budget-boost-military-raise-taxes-billionaires-2022-03-28/) gives us ‘Biden’s budget boosts military, raises taxes on billionaires, companies’ it comes with the added text “U.S. President Joe Biden on Monday submitted a $5.79 trillion budget plan to Congress that calls for record peacetime military spending while raising taxes for billionaires and companies and lowering government deficits.” In 2021 the US estimates that they expect to collect $3.86 trillion. Expected does not mean achieved, it is an educated guess. In 2019 they collected $3.46 trillion. The 2020 numbers are also expected. So in this, how does the US give us a $5.79 trillion budget, $1,930 billion more than they will collect. Money the US does not have and the billionaire fix get them nothing more than about $360 billion in the next decade, according to the document. So $360,000,000,000 in a decade does not tell us how the US will survive $1,930 billion more than they expect to collect. An additional of $1.9 trillion more and there is no space to wiggle, the chance is that those with more than $100,000,000 will more completely to the zero tax havens like Dubai, Bermuda, Bahamas, Monaco and a few other places. It will start an economic brain drain and a wallet drain to boot. It is a dangerous play, especially as (again) no proper tax overhaul follows. 

As I see it, this dangerous play will make the rich avoid the US like the plague, for a lot of them it no longer pays them to stay there and the moment this administration figures that out, the danger will overwhelm them. 

What I do not get is why the overhaul of tax laws are avoided to this degree. You see, it has always been about proper taxing people. A setting that might not make people like Elon Musk, George Soros, Bill Gates and Jeff Bezos happy, but it is an essential one. As such the overall quality of life in the US will slip and slide to lower levels still. And when it does the average person will see no real reason to stay there, the exodus will start and it will stops the US industrial machine to a near standstill position.

So when we see “Called the “Billionaire Minimum Income Tax,” it would assess a 20% minimum tax rate on U.S. households worth more than $100 million. Over half the revenue could come from those worth more than $1 billion.” We need to realise that ‘Tax the rich’ is dangerous. I have nothing against taxing billionaires (I am not one, and the next 3-4 years I do not expect to become on and I am not American), but when it is unfair taxation, it merely means that the courts will overflow with cases and if the next republican president stops that setting the US will be nearly $2 trillion out of pocket yet again and no achievements were made.

That is the danger of the play and that is the case that will stop the US. Yes, the Americans are so much better off than the previous fellow, are they not?

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A disregarded shelter setting

The Guardian was at it again and they are not doing anything wrong (at least I think they aren’t) but the stage created is calling for a nice stage and it is getting close to immediate that we take a hard look at the meaning of hypocrisy. 

The article ‘Pandora papers: biggest ever leak of offshore data exposes financial secrets of rich and powerful’ (at https://www.theguardian.com/news/2021/oct/03/pandora-papers-biggest-ever-leak-of-offshore-data-exposes-financial-secrets-of-rich-and-powerful) gives us a few items and before you think we are digging into the air, lets take a look at a few essential parts. It starts with “companies hired by wealthy clients to create offshore structures and trusts in tax havens such as Panama, Dubai, Monaco, Switzerland and the Cayman Islands” first, this is not an illegal act, then we need to look at Monaco and Dubai. Monaco gives us over two sources “You can apply for a Carte de Residence once you have an address in Monaco (either bought or rented a property for a minimum of a year). You must also agree to live there for more than three months of the year. Resident individuals are not subject to personal income tax in the Principality of Monaco”, now this is not the easiest setting as decent apartments tend to start at €3,000,000 going up to €387,000,000. As such I wish you good luck finding something you like. In Dubai we see “There is currently no personal income tax in the United Arab Emirates. As such, there are no individual tax registration or reporting obligations.” These are called tax havens and they are perfectly legal. It is the way THAT nation operates and it works for them, so when we see the Guardian give us “But the secrecy offered by tax havens has at times proven attractive to tax evaders, fraudsters and money launderers, some of whom are exposed in the files”, which is a debatable setting. You see someone who takes effort in buying an apartment in Monaco or Dubai, or most of these places is not a tax evader, that person is involved with tax avoidance and it is not the same. Black letter lawyers found a setting where the rules work FOR their clients and they are allowed to do this. Yet the Guardian inserts ‘tax evader’ whilst knowingly adding “some of whom are exposed in the files”, some implying not all and some is seemingly inserted hoping that the people are flamed to the list of “more than 100 billionaires, 30 world leaders and 300 public officials” hoping that they are all painted by the flamed audience. And in light of this, did anyone take a long hard look at “the cache includes 11.9m files from companies hired by” what is not looked at is the source of that information and how that source got the information. A setting not dissimilar from my article ‘The same gramophone’ on September 16th (at https://lawlordtobe.com/2021/09/16/the-same-gramophone/) regarding Pegasus and in light of evidence given (lack thereof) to the people by the Washington Post an interesting repetition of flames lacking evidence. The article on tax issues does not once, NOT ONCE mention tax avoidance, or give the setting of tax evasion versus tax avoidance. One is illegal the other is not. In this the text “They also shine a light on the secret finances of more than 300 other public officials such as government ministers, judges, mayors and military generals in more than 90 countries” could be seen as “They also shine a light on the private finances of more than 300 other public officials such as government ministers, judges, mayors and military generals in more than 90 countries”, yet they chose to not use the word Private did they? Private and non evidence could be seen as intrusive and harassing, the media really does not like it when their actions are seen in that way. 

My view?
You see if there was clear ‘tax evasion’ we would be getting this, instead of “leaked data with select media partners including the Guardian, BBC Panorama, Le Monde and the Washington Post. More than 600 journalists have sifted through the files as part of a massive global investigation”, so are they incompetent or is there too little remaining? The price of 600 journalists cannot be cheap so the more they flame, the more they ‘earn’ back, but that part is not really given is it? There is no top-line, a flaw we have seen more than once before. If it was clear 300 people can be shown in a top-line like Nation, government, non government easily enough. That would take an hour, perhaps two, but we do not get to see that, do we? We also get all kinds of embossed examples, with the added text “This is the Panama papers on steroids, it’s broader, richer and has more detail”, my view would be, then give it Ryle you dumb fuck! Do not posture, present facts! The top-line, the setting of tax evasion versus tax avoidance and a few other facts, including the source of the data, but we do not get any of that, do we?

I see it as a mere approach to the upcoming US debt ceiling and someone flaming that if ‘they’ had paid their taxes, there would not be an issue. Well, my view “Well, you stupid fucks, if you had clearly focussed on the tax laws that needed an overhaul for THREE DECADES we might not be in this mess either!” So whilst we are given “The files include disclosures about major donors to the Conservative party, raising difficult questions for Boris Johnson as his party meets for its annual conference”, an anti-tory smear setting. No matter who donates and to what party, if these people are not proven criminals, there would be no issue and I wonder how far these 600 journalists got. So when we consider “Many use shell companies to hold luxury items such as property and yachts, as well as incognito bank accounts” we need to see whether laws were broken and let’s be clear, they stated that these are people in over 90 countries. So which have laws against these acts and if they have an address in Monaco or Dubai, are any laws broken? This took me 5 minutes and we see a lack of a lot in one article seemingly the source of 600 journalists. 

I personally see only one option for a person like Gerard Ryle. Either give us that top-line clearly or become an Uber driver. As I personally see it, someone posturing absent of evidence should be somewhere else, not be some director of the International Consortium of Investigative Journalists, but that is merely my call on the matter we see here now.

Oh, and before I forget the meaning of Hypocrisy is “the practice of claiming to have higher standards or more noble beliefs than is the case”, a setting too many journalists fall into lately.

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Stupid is, as stupid does

Yup, we all have these moments, any person (including me), a setting where we think (or delusionally hope) that effects will turn to our favour. We go through this a few times in our lifetimes, or if you are a civil servant, or elected official 3-4 times a week. So when I saw something that had hit the ‘news’, we see something which was announced previously, as such I am not surprised, and as we are given ‘The Australian government has urged Google to focus on paying for Australian content instead of blocking it’ I merely wonder how stupid the Australian government (my government) needs to get. It is a business principle, one that THEY embraced for a lifetime. ‘Why pay, when you can get it for free?’ A setting that is globally accepted, and as such, why are we surprised? The governments lost credibility and confidence on not overhauling tax laws for decades, now they want to sulk and cry over media not getting paid? Media that does not have the most reliable track record in the last 10 years, so do you think that the people care? Media and taxes have been pussyfooted around on a global scale, as such the people do not really care what happens there, they do not care because the media made it easy not to be cared about.

And the stupidity does not stop there. As we see “After media reports said Australian news websites were not showing up in searches, Google confirmed it was blocking the sites for a small number of users”, we might overlook ““The digital giants should focus on paying for original content, not blocking it. That’s my message to those digital giants,” said Australian Treasurer Josh Frydenberg”, now we accept that Josh Frydenberg is not the most useful person, yet the setting is different. 
Consider the news below (one of hundreds)

We click on it because we are curious, yet we do not get the news. We get

In this the station is that the news USES digital media for free advertisement, and why exactly should Google, Facebook et al cater to that? Yes Josh, do you have a list of ALL the media outlets doing that? 

As such we are not going to lose any sleep when these ‘news providers’ are no longer in the mix, so perhaps we should change ““The digital giants should focus on paying for original content, not blocking it. That’s my message to those digital giants,” said Australian Treasurer Josh Frydenberg” into “Digital giants should leave uninvoiced advertising attempt by so called news groups alone said Australian tool Jay Eff”, am I right, am I wring, you decide.

And the same news outlet sent three articles (in that same approach) in the last hour alone, so the fact that we see “Google said the tests affect about 1% of Australian users, and will be finished by February” and we get “After media reports said Australian news websites were not showing up in searches” implies that someone at the news outlets is keeping track on what w see and what we look for, so how Orwellian is that side of the news?

A stage they set, a stage they tried to bake and now that they are getting bitten, they cry like snivelly little bitches, oh whoop ti do. And this is the stage we walk on, the media is getting less and less reliable and we need to wake up, especially when the treasurer is crying too instead of overhauling tax laws for corporations. Is anyone paying attention?

Enjoy the weekend, Monday morning is 58 hours away.

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Kill the law

Yes, that moment has finally arrived, I for the most was against the need to do that, if only the politicians and lawmakers would not have been such a collection of pussies, it might not have been an essential act, but the stage we are on now is one is one that Shakespeare gave us in Henry VI, “The first thing we do, let’s kill all the lawyers”, yet at moments away we have arrived at this moment. A few things happened, first there is the stage of the British wankers on ski’s, then there is ‘UK judge blocks extradition of Wikileaks founder Julian Assange to US’, in this the BBC reports that “because of concerns over Mr Assange’s mental health and risk of suicide in the US. Mr Assange, who is wanted over the publication of thousands of classified documents in 2010 and 2011, says the case is politically motivated”, he was such an outspoken great man when he released the documents, we can’t have him being a pussy now, can we? Even as I am still in the mindset that he is not a traitor as some call him, he is in a stage where he broke the law and so far half a dozen nations went out of their way to cater to him. A stage of law breaking without accountability, as some would say. And in all this, the one winner is Stella Moris, in all this she gets the limelight she needs to cater to her career. 

Then there is ‘Covid-19 in Switzerland: Mutated UK virus strain found in several cantons’ (at https://www.thelocal.ch/20210104/mutated-coronavirus-strain-found-in-several-regions-of-switzerland), the British pussies (or cunts) that slipped into the night afraid of being in lockdown travelled all over Switzerland too get to France, to get to Freedom, and as I personally see it infecting the Swiss along the way. Now this speculation should be matched by investigation, I understand that, yet if any are found and the British tourists find themselves out of prison instead of in prison for a decade, the basic line is set that the law has become useless and serves the mere large corporations in legally avoiding taxation, to smite the common man in a ruleset that they break again and again. So when we see “Several other cases of the UK variant were also found at the end of December in Zurich, Graubünden, Valais, and Bern, and one case of the South African strain was detected in Ticino, according to the Federal Office of Public Health (FOPH)”, we need to wonder what is next. So when we see all kinds of versions of “British tourists have fled the Swiss ski resort of Verbier “clandestinely” under cover of darkness rather than submit to a new quarantine imposed on UK visitors, a local official says”, all whilst the British governments are solent on the matter (as far as I know), we see a stage where we cannot accept the irresponsible acts of others. I wonder if the UK has considered what the larger contemplations are when Switzerland calls for the UK citizens to be pronounced ‘Persona Non Grata’, not one, not 200, but all. I wonder if the law suddenly sees a setting where they either pucker up or they will find themselves left no longer being considered valid by the largest group of people. 

Lacking a proportional response?
Yes, one might say that and it would not be entirely wrong, yet when we are told “More than 2,500 break virus restrictions at illegal rave” (France), even as some sources state that the group had reached 10,000. As well as ‘Demonstration party in Duindorp’ (Netherlands), there are a few more, but they are instances not the common field and we acknowledge that, yet the law cannot sit by, it has to be strict and it has to be firm this time around, if only to get to some specific tourists, they have no valid defence, no matter how they slice it.  This is seen in the larger stage, COVID-19 was a reality for the longest part of the year, they could have let go of this one holiday, until it was safe, they decided that ego was more important, as such they should pay. Yes, we know that the lockdown was not initially in play, but we have had two already and other nations have other stages and settings, they also have the new viral strain and no action was promptly taken until it had spread to 40 nations. In one stage I can say, the more that die, the more valuable my services will be, some will say that is inhuman e, but they decided not to act when it mattered, now it does not. And with 86 million people diseased, we will see the death rate go up beyond 2,000,000 and those are jobs that can go somewhere else, optionally solving unemployment to a much larger degree. In the US there are 12 states where masks are not required, which implies (an unproven imply) that the disease will have a lot more fun in those 11 states (Yes I mentioned 12), Alaska is perhaps the only one that is a bit out of shot, they got a partial save by weather and environment. I reckon that the initial clouds will rise after march, if there is any healthcare or NHS left, we will need to massively address tax law issues on an international scale, if we falter again there is every chance that the uprising against the law will turn massively violent, I myself am totally against the Nanny state (my Republican blood), yet there needs to be a level of accountability and so far the law has merely served those wanting to evade accountability, and the people are stating to notice this and they are putting two and two together, I speculatively reckon that being by tech senator will prove to be a lot less healthy in 2021 than ever thought possible, but I could be wrong.

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