The Panama papers that came out some time ago now revealed that all sorts of politicians and senior figures have money stashed in a Panama tax haven. Not that this is really a surprise to anyone, but it is interesting to have proof.
Of course, this was one legal firm in one tax haven, so it is fairly random who is caught in this particular revelation. And, I should point out, it is perfectly legal. Whether it is moral or not is a whole different question, and a far more difficult one to address.
There is another issue that has come out from this, which is, I think, a far more significant issue, which is that many of the worlds tax havens are British dependencies. Places like the Channel Islands, and the Isle of Man are included, but the British Virgin Islands and the Cayman Islands are also dependencies. This means that we, the British, support and promote world Tax Havens - at a time when we are told that there is no money for the NHS, for Schools, for the disabled, we control places where trillions of pounds are stashed away to avoid paying tax.
Does that sound wrong to you? That one of the biggest industries that we as a country support across the world not only provides no money to the UK, but actively promotes a reduction in tax income to countries across the world (including the UK).
One day, we will look back at this and be shocked and ashamed. It is an international trade of shame that we will look on like slavery - that sounds rather dramatic, but the money invested in these places is deliberately being taken outside the laws of other countries, deliberately being put into places where it can be hidden.
This means that we, in the UK, support a business internationally that generates no income for us in the UK, and mainly serves to help people avoid supporting their own economies. We should stop it - the argument that if we didn't do it, others would is moot because we support the majority of the places that are doing it - we could challenge the entire international tax avoidance business. We could provide millions more into the treasuries across the world.
The problem, of course, is that most of those involved in legislative procedure have large amounts of money invested (hidden) in these places. And they have connection to others who have money invested there. So there is no real incentive to change things is there.
With the claims about how much we are spending on the EU (which are wrong), this money dwindles into insignificance compared to how much we, in the UK, are helping to hide from legitimate governments across the world. Our support for tax havens is a national disgrace.
Showing posts with label corruption. Show all posts
Showing posts with label corruption. Show all posts
Wednesday, 15 June 2016
Sunday, 25 November 2012
Entwistle and the BBC
Well I did promise a non-church post, but had to post about the Synod decision. Anyhow, a few weeks ago, George Entwistle resigned as the Director General of the BBC, in the wake of the Savile enquiry and the Newsnight programme. This raises some interesting questions.
Firstly, while it did seem initially that this was an acceptance of failings within his area, the financial settlement does cast suspicion on his motives. He has server a few weeks and been rewarded by half a million quid. It seems that he had other motives, and his resignation becomes blurred, with his motives being rather more flexible.
However, the real problem is the negativity attached to the BBC in all of this. Let me make clear, the poor journalistic decisions of one program are serious and need addressing: what is more, the possibility of the BBC having covered up the Savile scandals is problematic. There is some badness, some rot in parts of the organisation. As there is in all organisations.
The other side of this is that the BBC has produced over time some remarkable material. The dramas that they have produced in that last 2 years are a testament to the creative minds that exist in some parts of the organisation. The BBC website is a testament to what can be done with vision and imagination. The news output is also, as a rule, something we can be proud of, a source of largely independent information provision, that is highly regarded across the globe. Of course it is not without bias, but it does tend to be less so than many other news organisations. In many areas, it is the news source most trusted.
The danger is of tarring the entire corporation with one brush. No it is not perfect, but if we lose the BBC, we lose something extraordinary, something that is core to our culture. We lose something that is critical to the wider world too, the place that we, as a nation, hold in many other cultures. Yes it is critical to identify and root out the problems, the areas that threaten to tarnish this great organisation. But we must not lose the BBC, and all it stands for. If we do, we lose everything.
Firstly, while it did seem initially that this was an acceptance of failings within his area, the financial settlement does cast suspicion on his motives. He has server a few weeks and been rewarded by half a million quid. It seems that he had other motives, and his resignation becomes blurred, with his motives being rather more flexible.
However, the real problem is the negativity attached to the BBC in all of this. Let me make clear, the poor journalistic decisions of one program are serious and need addressing: what is more, the possibility of the BBC having covered up the Savile scandals is problematic. There is some badness, some rot in parts of the organisation. As there is in all organisations.
The other side of this is that the BBC has produced over time some remarkable material. The dramas that they have produced in that last 2 years are a testament to the creative minds that exist in some parts of the organisation. The BBC website is a testament to what can be done with vision and imagination. The news output is also, as a rule, something we can be proud of, a source of largely independent information provision, that is highly regarded across the globe. Of course it is not without bias, but it does tend to be less so than many other news organisations. In many areas, it is the news source most trusted.
The danger is of tarring the entire corporation with one brush. No it is not perfect, but if we lose the BBC, we lose something extraordinary, something that is core to our culture. We lose something that is critical to the wider world too, the place that we, as a nation, hold in many other cultures. Yes it is critical to identify and root out the problems, the areas that threaten to tarnish this great organisation. But we must not lose the BBC, and all it stands for. If we do, we lose everything.
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