New British Prime Minister Brown Is 'The Tax Avoiders' Chancellor'

19 de may de 2007

<body><div id="article"><tr><td height="28" valign="middle" width="184"></td><td valign="middle" width="185"></td></tr><h1>New British Prime Minister Brown Is `The Tax Avoiders' Chancellor'</h1><p>May 19, 2007 (EIRNS)--Gordon Brown, who is set to succeed Tony Blair as British Prime Minister on June 27, has taken the lead, in ten years as Chancellor of the Exchequer, in making British Commonwealth "offshore center"' safe havens for wealthy individuals and corporations avoiding taxes; Brown has also made London itself such an "offshore center." Thus both the British head of government and the U.S. Ambassador to the European Union (C. Boyden Gray) will be resolute opponents of any actions by European governments--or the U.S. Congress--to crack down on the tax avoidance and outright tax evasion through those centers. It costs the U.S. and European governments hundreds of billions of dollars in tax revenue every year.</p><p>The Tax Justice Network (TJN), a group of "veterans" of international economics who expose the scope and methods of tax dodging through globalization, have published a dossier on Gordon Brown, "The Tax-Avoiders' Chancellor." TJN reports that so-called "high net worth individuals" have $11 trillion dollars stowed in offshore centers for tax avoidance--not to mention their use for tax avoidance by multinational corporations, hedge funds, etc. The TJN dossier shows:</p><p>**Brown's UK Treasury, which has controlled the EU code-of-conduct committee on business taxation for a decade, has sheltered British overseas territories, crown dependencies, and Commonwealth centers from business tax rules adopted in Europe. These British dependencies are more than half the tax havens in the world. Brown's subordinate Dawn Primarolo has chaired the EU committee since it was created in 1997.</p><p>**The UK has sabotaged the EU's savings-tax directive, which was supposed to ensure that Europeans' interest income earned abroad, gets reported to their countries of residence. Brown's Treasury claims the directive doesn't apply to trusts--that species of tax avoidance for "high net worth individuals" which proliferates in offshore centers--and thus protects those tax havens.</p><p>**The UK during Brown's tenure became a complete tax haven for British residents--and even British citizens--who are not British-born (the "non-domiciled" hustle), making such foreign-born Britishers prominent in all the lists of Britain's richest, biggest political contributors, and managing partners of London hedge funds, etc. If a small island state did what Brown's UK Treasury has done for London, it would be called an unacceptable tax haven practice.</p><p>**Brown's Treasury has publicly promoted "tax competition," the euphemism for countries' racing to the bottom on tax collection, in order to attract personal wealth and multinational investment.</p></div></body>