{"id":89729,"date":"2017-04-03T12:00:23","date_gmt":"2017-04-03T11:00:23","guid":{"rendered":"https:\/\/www.transcend.org\/tms\/?p=89729"},"modified":"2017-03-30T13:56:22","modified_gmt":"2017-03-30T12:56:22","slug":"neo-feudal-society-tax-havens-for-big-multinationals-is-robbery-of-population","status":"publish","type":"post","link":"https:\/\/www.transcend.org\/tms\/2017\/04\/neo-feudal-society-tax-havens-for-big-multinationals-is-robbery-of-population\/","title":{"rendered":"Neo-Feudal Society: Tax Havens for Big Multinationals Is \u2018Robbery of Population\u2019"},"content":{"rendered":"
\"\"<\/a>

\u00a9 Lisi Niesner \/ Reuters<\/p><\/div>\n

28 Mar 2017 – <\/em>It\u2019s alarming big European banks, unlike ordinary people are not paying their fair share of taxes, says Oxfam policy advisor Aurore Chardonnet. Tax dodging is a crime against the people, a robbery of the population, adds business consultant Gerald Celente.<\/p>\n

Europe\u2019s 20 largest banks are involved in tax avoidance schemes, according to the latest Oxfam report<\/a> entitled Opening the Vaults. The banks registered over a quarter of their multi-billion euro profits offshore. The report says in some cases the companies didn’t pay any tax profit of \u20ac383 million. They made almost \u20ac630 million in countries where they had no employees at all.<\/p>\n

Oxfam policy advisor Aurore Chardonnet explained what is happening and why the situation is alarming.<\/p>\n

\u201cBig European banks are reporting far more profits in tax havens than their economic activity suggests in figures,<\/em>\u201d she told RT. \u201cThat means they report 20 percent of their profits in tax havens while they only have seven percent of their employees working there. So you see there is a big mismatch<\/em>.\u201d<\/p>\n

\u201cIt is alarming, because they are not paying their fair share of tax. That is strongly suggested by the figures. That means that while ordinary citizens a paying a lot of tax on their wages, on their income…big multinationals are avoiding their fair share of tax<\/em>,\u201d Chardonnet said.<\/p>\n

In her view, the new Oxfam report \u201cis the beginning of a new era<\/em>\u201d.<\/p>\n

\u201cIt is a beginning of tax transparency and that is a powerful tool, to then have powerful solutions against tax dodging<\/em>,\u201d she said.<\/p>\n

\u201cIf you shift your profits from where you do the proper activity, that means you\u2019re not paying the fair share of tax according to the numbers of employees or the number of assets you have in a country. That means you\u2019re depriving countries from tax resources to pay for public services, for schools, for hospitals, for infrastructure, which also trigger investments. It is not illegal, but it is clearly unfair<\/em>,\u201d the Oxfam policy advisor added.<\/p>\n

Business consultant Gerald Celente<\/strong> adds that it\u2019s ordinary people who also have to pay the price for offshore schemes of banks and big companies.<\/p>\n

\u201cThey are doing terrible harm. It is not a victimless crime. The people are the victims. Let\u2019s get this straight: it is a neo-feudal society. You have different rules for the economic elite and the political nobility. So when they don\u2019t pay taxes, or they cheat the people out of money, like too big to fail \u2013 no one goes to jail for their crimes,<\/em>\u201d he told RT.<\/p>\n

By not paying taxes, companies \u201care robbing the population<\/em>,\u201d Celente says.<\/p>\n

\u201cThey are hurting the school systems. They are hurting the healthcare systems. They are hurting the transportation systems<\/em>,\u201d he said.<\/p>\n

According to Celente, it\u2019s the politicians who are to be blamed for making it possible as they are being paid by \u201cthe ‘too bigs’<\/em>\u201d to pass \u201cunjust laws that allow these people to use \u2018tax havens\u2019<\/em>.\u201d<\/p>\n

\u201cYou\u2019re looking at a system that is robbing the little people. Look at the austerity measures they have throughout Europe. The banks lose money. What they then do \u2013 they call them austerity measures; they raise their taxes\u2026they rob people of their pension and retirement programs. They raise the retirement ages till after they die, so that they could pay off the bankers, so that people have to pay more taxes as the banks, and the Googles, and the Microsofts, and the Starbucks, and the Ikeas are paying very little taxes, because they are hiding them in offshore tax havens. Isn\u2019t that a sweet word \u2013 \u201ctax havens?<\/em>\u201d<\/p>\n

Go to Original \u2013rt.com<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

28 Mar 2017 – It\u2019s alarming big European banks, unlike ordinary people are not paying their fair share of taxes, says Oxfam policy advisor Aurore Chardonnet. Tax dodging is a crime against the people, a robbery of the population, adds business consultant Gerald Celente.<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[55],"tags":[],"class_list":["post-89729","post","type-post","status-publish","format-standard","hentry","category-capitalism"],"_links":{"self":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/89729","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/comments?post=89729"}],"version-history":[{"count":0,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/posts\/89729\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/media?parent=89729"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/categories?post=89729"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.transcend.org\/tms\/wp-json\/wp\/v2\/tags?post=89729"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}