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I thought it was time we had a thread for the G8. First up, they have agreed on information sharing to combat international tax dodging.

The LOUGH ERNE DECLARATION

Private enterprise drives growth, reduces poverty, and creates jobs and prosperity for people around the world. Governments have a special responsibility to make proper rules and promote good governance. Fair taxes, increased transparency and open trade are vital drivers of this. We will make a real difference by doing the following:

1. Tax authorities across the world should automatically share information to fight the scourge of tax evasion.

2. Countries should change rules that let companies shift their profits across borders to avoid taxes, and multinationals should report to tax authorities what tax they pay where.

3. Companies should know who really owns them and tax collectors and law enforcers should be able to obtain this information easily.

4. Developing countries should have the information and capacity to collect the taxes owed them – and other countries have a duty to help them.

5. Extractive companies should report payments to all governments and governments should publish income from such companies.

6. Minerals should be sourced legitimately, not plundered from conflict zones.

7. Land transactions should be transparent, respecting the property rights of local communities.

8. Governments should roll back protectionism and agree new trade deals that boost jobs and growth worldwide.

9.Governments should cut wasteful bureaucracy at borders and make it easier and quicker to move goods between developing countries.

10.Governments should publish information on laws, budgets, spending, national statistics, elections and government contracts in a way that is easy to read and re-use, so that citizens can hold them to account.

BBC take

Zero Hedge take

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Its tax avoidance that is the problem, not evasion.

Cameron should know this, his dear old dad built up his trust fund on tax avoidance advice. At least putin put the kibosh on dave going macho in syria.

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Can't post photo from phone, but the shot of all the tieless leaders looking like a holiday camp covers band is funny. These people are vacuums.

God that was cheesy, they all thought they looked so cool, you could see it on their faces.

If its any consolation for having to see these divvies mincing about at taxpayers cost like a group of cheeseballs I read on the DT they had apple crumble with a bushmills whisky custard. bleurgh.

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Its tax avoidance that is the problem, not evasion.

Cameron should know this, his dear old dad built up his trust fund on tax avoidance advice. At least putin put the kibosh on dave going macho in syria.

Somewhat terrifying prospect when Putin is the sole voice of reason.

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At least putin put the kibosh on dave going macho in syria.

His own party seems to be doing that job.

Which is much better than having a foreigner do it. Foreigners can be pronounced wrong, ridiculed, attacked, ignored, or even used to harness domestic xenophobia in support of your war.

Compare what happened on the eve of Blair's Iraq war: the final lie was that Chirac had promised to veto invasion in any circumstances[1], so there was no point in trying to get UN approval. Playing the anti-French card on British public opinion.

There might be a similar anti-Russian card Cameron could try and play if he were as evil and mendacious as The Liar. But I don't think he'll do that to his own party even if he wants to. I suspect in reality he has no intention of doing any such thing, and the rhetoric is an attempt at a good-cop-bad-cop act.

[1] He had said he would veto it under the immediate circumstances, specifically while the UN team under Hans Blix were reporting good cooperation from the Iraqis and no WMD.

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Private enterprise drives growth, reduces poverty, and creates jobs and prosperity for people around the world.

Tell that to the bankers, tell that to collapsing Cyprus.

Just to be clear I'm not against honest private enterprise.

Governments have a special responsibility to make proper rules and promote good governance. Fair taxes, increased transparency and open trade are vital drivers of this. We will make a real difference by doing the following:

Then they go on about taxes. Nothing about the banks.

Of course the tax stuff has to be sorted out but how about sorting out the banks as well.

Edited by billybong

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The Weimar Wheelbarrow Club waves civilisation goodbye.

article-2343928-1A611E0E000005DC-291_634x334.jpg

Neat the way they're photographed as if standing on some sort of floating plinth.

A bit like the green aliens used to do in the Dare Dare stories.

Edited by billybong

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Compare what happened on the eve of Blair's Iraq war: the final lie was that Chirac had promised to veto invasion in any circumstances[1], so there was no point in trying to get UN approval. Playing the anti-French card on British public opinion.

[1] He had said he would veto it under the immediate circumstances, specifically while the UN team under Hans Blix were reporting good cooperation from the Iraqis and no WMD.

Yes that was an appalling piece of spin. Chirac actually did say he would veto 'in any circumstances' but only a resolution which would automatically trigger war based on some future conditions.

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Tell that to the bankers, tell that to collapsing Cyprus.

Just to be clear I'm not against honest private enterprise.

Then they go on about taxes.

Of course the tax stuff has to be sorted out but how about sorting out the banks as well.

I think the terms 'private enterprise' and 'free market' are often conflated and seen as one and the same.

The reason so many 'privatizations' fail is while ownership is transferred to the private sector, they still operate under an effective state monopoly...just look at the lack of players in the rail and water arenas. Private enterprise and state monopolies (ie corporatism/corporate fascism) is probably the worst possible set up. Legally mandated lack of competition combined with the private profit motive. Housebuilders similarly are privately owned, but their productive output is strictly governed by a state monopoly through the planning system.

Banksters have an oligopoly status to create credit. Plus just look at how they use and abuse things like FSCS. Zopa has lower rates of bad debts than the big banks, would be a safer bet for the taxpayer, and yet they have no access to FSCS. Why? Presumably because they dont give politician scum non-exec positions or donate massive sums to the LibLabCon gangs.

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  • 243 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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