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More Proof That The Us Is Bankrupt

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http://www.ft.com/cms/s/0/b6e394ce-9348-11...144feabdc0.html

US resists £50m VAT claim on embassy work

By Jim Pickard and Daniel Thomas

Published: August 28 2009 00:01 | Last updated: August 28 2009 00:01

The US is standing firm against UK demands to pay up to £50m in value added tax on its new embassy building in south London.

The American embassy, at present based in Mayfair, insists that under international protocol it should not have to pay tax on the building project.

In the past eight years, the US has escaped paying tax on 68 diplomatic properties that it has built around the world.

.../

bankrupty, bankrupty...

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http://www.ft.com/cms/s/0/b6e394ce-9348-11...144feabdc0.html

US resists £50m VAT claim on embassy work

By Jim Pickard and Daniel Thomas

Published: August 28 2009 00:01 | Last updated: August 28 2009 00:01

bankrupty, bankrupty...

The States might well be considered bankrupt but this article doesn't proves this at all. America regards all such charges as local taxes and as such they regard embassies as being exempt under international law. Similarly they refuse to pay congestion charges etc.

Personally I think they should be treated like any other defaulter - send the bailiffs in.

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I thought under international protocol a national embassy was considered sovereign soil of which ever nation it was?

So therefore any building work was done on US soil under US laws?

That would only count AFTER it became the official embassy.

If building work was done on embassy grounds, it would be tax free. Bilding a new embassy on a different site wouldn't be. The congestion charge is an interesting one, as it's effectively a toll, and tolls arn't exampt.

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Personally I think they should be treated like any other defaulter - send the bailiffs in.

Errrr..... and how do you think they would fare against the US Marine Corp that they come up against ??!! :D

Edited by anonguest

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Guest sillybear2

£50m would get us a couple of extra helicopters for Afghanistan, alternatively we could repay the US's limitless gratitude by refusing to fight their pointless wars for them.

Mind you, it could be worse, they could have settled the bill in USD.

Edited by sillybear2

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