Paradise Papers: Queen's estate invested millions of pounds offshore

Discussion in 'Bulletin Board' started by RedKestrel, Nov 5, 2017.

  1. RedKestrel

    RedKestrel Well-Known Member

    Joined:
    Aug 20, 2017
    Messages:
    1,622
    Likes Received:
    364
    Trophy Points:
    83
    Gender:
    Male
    Occupation:
    TAL
    Location:
    Danelagen
    Style:
    Barnsley (full width)
    Royal "tax dodgers" rippin' us all off ageean..

    Paradise Papers
    Revealed: Queen's private estate invested millions of pounds offshore
    Paradise Papers leak reveals Duchy of Lancaster put money into retailer criticised for exploiting poor families

    [QUOTE
    https://www.theguardian.com/news/20...vate-estate-invested-offshore-paradise-papers
    Hilary Osborne

    Sunday 5 November 2017 18.00 GMTLast modified on Sunday 5 November 2017 18.30 GMT

    Millions of pounds from the Queen’s private estate has been invested in a Cayman Islands fund as part of an offshore portfolio that has never before been disclosed, according to documents revealed in an investigation into offshore tax havens.

    Files from a substantial leak show for the first time how the Queen, through the Duchy of Lancaster, has held and still holds investments via funds that have put money into an array of businesses, including the off-licence chain Threshers, and the retailer BrightHouse, which has been criticised for exploiting thousands of poor families and vulnerable people.

    The duchy admitted it had no idea about its 12-year investment in BrightHouse until approached by the Guardian and other partners in an international project called the Paradise Papers. .......


    [/QUOTE]
     
    Last edited: Nov 5, 2017
    Steve Wood and DusThaNoIII like this.
  2. shed131

    shed131 Well-Known Member

    Joined:
    Aug 4, 2009
    Messages:
    2,452
    Likes Received:
    524
    Trophy Points:
    113
    Location:
    In Cudeth Nar
    Home Page:
    Style:
    Barnsley (full width)
    All the little piggies with their snouts in the troughs
     
  3. Jimmy cricket

    Jimmy cricket Well-Known Member

    Joined:
    Aug 30, 2012
    Messages:
    18,237
    Likes Received:
    3,678
    Trophy Points:
    113
    Occupation:
    Ballet Dancer
    Location:
    Hiding under the bed
    Style:
    Barnsley (full width)
    Absolutely sickening. The whole lot of them. We could fund the NHS for about a billion years if they didn’t stop stealing from us.
     
  4. Redstar

    Redstar Well-Known Member

    Joined:
    Jul 18, 2005
    Messages:
    26,920
    Likes Received:
    2,033
    Trophy Points:
    113
    Location:
    Fidel's Bedside
    Style:
    Barnsley (full width)
    Ah but look at how much money they bring in in tourism.

    Get shut. It’s a start if nowt else
     
  5. Jimmy cricket

    Jimmy cricket Well-Known Member

    Joined:
    Aug 30, 2012
    Messages:
    18,237
    Likes Received:
    3,678
    Trophy Points:
    113
    Occupation:
    Ballet Dancer
    Location:
    Hiding under the bed
    Style:
    Barnsley (full width)
    What puzzles me is that people just shrug this stuff off. It’s reprehensible evil even.
     
  6. Tarntyke

    Tarntyke Well-Known Member

    Joined:
    Jul 29, 2005
    Messages:
    6,381
    Likes Received:
    601
    Trophy Points:
    113
    Location:
    Stairfoot, b4 famous rahnderbart
    Style:
    Barnsley
    Add to that. Then produce/watch programmes like Benefit Street and put all the blame on the ‘lower classes’ for all that’s wrong in society.
     
  7. Jimmy cricket

    Jimmy cricket Well-Known Member

    Joined:
    Aug 30, 2012
    Messages:
    18,237
    Likes Received:
    3,678
    Trophy Points:
    113
    Occupation:
    Ballet Dancer
    Location:
    Hiding under the bed
    Style:
    Barnsley (full width)
    Those benefit programmes are pure vicious hatred. They should be banned. The rich steal and lie and getaway with it shames us all that we accept this.
     
    Steve Wood, John Peachy, BobT and 5 others like this.
  8. upt

    upthecolliers Well-Known Member

    Joined:
    May 11, 2015
    Messages:
    883
    Likes Received:
    316
    Trophy Points:
    63
    Occupation:
    retired
    Location:
    some place off the A628
    Style:
    Barnsley (full width)
    It as always happened and always will, were a capitalist country run by the upper crust.
    The Royal Family along with the Railways, Electric, Gass and the Post Office want nationalising but these things will never happen, too many working-class torys.
     
    John Peachy likes this.
  9. Wes

    Westie Active Member

    Joined:
    Jul 12, 2007
    Messages:
    2,691
    Likes Received:
    21
    Trophy Points:
    38
    Location:
    Up yours
    Home Page:
    Style:
    Barnsley (full width)
    Get Corbyn in, he'll sort it out! The money will be spread among the people, and the country will prosper!
     
    John Peachy and DusThaNoIII like this.
  10. What I Think

    What I Think Member

    Joined:
    Sep 26, 2017
    Messages:
    33
    Likes Received:
    26
    Trophy Points:
    18
    Style:
    Barnsley (full width)
    Look how many more people visit Versailles than Buckingham Palace. Kick her out and put it to good use.
     
    Steve Wood likes this.
  11. Sco

    Scoff Well-Known Member

    Joined:
    Aug 18, 2011
    Messages:
    3,295
    Likes Received:
    648
    Trophy Points:
    113
    Occupation:
    The interface between business and technology
    Location:
    Brampton by the Sea
    Style:
    Barnsley (full width)
    According to the Independent, Queenie also owns shares in BrightHouse and Threshers.

    http://www.independent.co.uk/news/u...pleby-law-firm-offshore-finance-a8039041.html

    Normally, a bunch of immigrants that lived off the state would be the target for vitriol from the Daily Mail.
     
    What I Think and Jimmy cricket like this.
  12. How

    HowMuch! Well-Known Member

    Joined:
    Apr 20, 2017
    Messages:
    924
    Likes Received:
    266
    Trophy Points:
    63
    Gender:
    Male
    Style:
    Barnsley (full width)
    Get a f king life !
    All people in power screw us plebs .
    Corbyn is no different to the Camerons of this world , or the unions whose officials were paid handsomely whilst the members were on pickets , extra menial joB's to make ends meet .
    They all fck it up for the rest of us and surprise , surprise they don't really care about us .
     
  13. LiverpoolRed

    LiverpoolRed Well-Known Member

    Joined:
    Jul 25, 2005
    Messages:
    10,325
    Likes Received:
    715
    Trophy Points:
    113
    Location:
    Liverpool, Liverpool, United Kingdom, 105653082800
    Home Page:
    Style:
    Barnsley (full width)
    Read somewhere that there's about 40 trillion dollars in offshore accounts - could do some damage with that
     
  14. Jimmy cricket

    Jimmy cricket Well-Known Member

    Joined:
    Aug 30, 2012
    Messages:
    18,237
    Likes Received:
    3,678
    Trophy Points:
    113
    Occupation:
    Ballet Dancer
    Location:
    Hiding under the bed
    Style:
    Barnsley (full width)
    The perfect victory of the right wing Murdoch press. The belief in cynicism. In that nothing can change. They perpetuate that myth because they like the status quo. Things can change. The hospitals we go to when we are sick and the schools we send our kids to they show what idealism can do. My Nan was a servant at 14 with half a day a week off so she could go to church. Unions changed that. Unity is powerful. The reason wages don’t increase now when they should is the obliteration of unions. Homelessness has increased by 54 percent in the last 7 years wages have collapsed. The countries. On its arse politicians have done that.
     
  15. DEE

    DEETEE Well-Known Member

    Joined:
    Aug 8, 2011
    Messages:
    7,583
    Likes Received:
    343
    Trophy Points:
    83
    Style:
    Barnsley (full width)
  16. How

    HowMuch! Well-Known Member

    Joined:
    Apr 20, 2017
    Messages:
    924
    Likes Received:
    266
    Trophy Points:
    63
    Gender:
    Male
    Style:
    Barnsley (full width)
    Naive that you should quote seven years as if it was utopia before that .
    I am in Community myself .
     
  17. orsenkaht

    orsenkaht Well-Known Member

    Joined:
    Nov 7, 2009
    Messages:
    5,041
    Likes Received:
    1,285
    Trophy Points:
    113
    Style:
    Barnsley (full width)
    A country that works for everyone!
     
  18. Merde Tete

    Merde Tete Well-Known Member

    Joined:
    Jul 18, 2005
    Messages:
    9,143
    Likes Received:
    1,773
    Trophy Points:
    113
    Location:
    probably somewhere in the Russian Federation......
    Style:
    Barnsley
    This is not capitalism though. It's the hoarding of old money for the sake of hoarding, at least as far as the Royal Family is concerned. Sickening greed, for the sake of sickening greed. I have very little problem with capitalism if it involves the investment of money to expand the economy and create jobs, which in turn redistribute wealth. The system may not be ideal, but it's a bloody sight better at providing a decent standard of living for most than any of the alternatives. Especially when combined with social-liberal government policies (see Finland and Scandinavian). What I have a problem with is the hoarding of unearned wealth, combined with the people who can most afford to pay tax not paying it. Wrong on so many levels.
     
    Last edited: Nov 6, 2017
  19. Wat

    Watcher_Of_The_Skies Well-Known Member

    Joined:
    Aug 12, 2011
    Messages:
    5,461
    Likes Received:
    359
    Trophy Points:
    83
    Location:
    Leeds
    Style:
    Barnsley
    We're forced to pay the Queen money via tax. She then takes that money and fraudulently re-invests it to make more money for herself, whilst paying no tax.

    That's some corruption scheme right there.
     
  20. blivy

    blivy Well-Known Member

    Joined:
    Nov 29, 2011
    Messages:
    4,781
    Likes Received:
    267
    Trophy Points:
    83
    Location:
    Manchester
    Style:
    Barnsley (full width)
    People are so quick to criticise without knowing anything about offshore funds.

    It’s true that in some cases people will go there for dodgy reasons such as tax avoidance, but the vast majority of the time (I’d wager 99%) are for perfectly legal reasons, and not to avoid tax.

    These jurisdictions have low or nil tax rates, but that doesn’t mean “Queenie” or any other investors (including pension funds) don’t pay tax. Income arising offshore will be taxed on a remittance basis when it’s brought into the country, there’s just no withholding tax (so akin to paying through self assessment rather than PAYE).

    The Monarchy doesn’t have to pay tax on any income her estate earns in any case, because she’s the Monarchy. She does however pay voluntary income tax on all her income. So why would her advisors set up offshore funds for the purposes of avoiding tax?
     

Share This Page