Gibraltar: A Tax Haven not a Nation

Hits: 958

Gibraltar is famous for its 426m high limestone ridge and tax haven status. It is also famous for having Europe’s only wild population of monkeys – all 320 of them. It boasts a total area of just 6.8 square kilometres or 2.6 square miles, a total area approximately one third smaller than Bicester Village Shopping Mall in Oxfordshire. Most of the population of this peninsula live in flats, crammed on land at the base of the rock where around 12% of the workforce is employed by Gibraltar’s big online gaming industry, who are there to evade taxes – quite legally of course. There is no inheritance tax, no VAT, no capital gains tax and low income and corporation tax. GDP is approximately $2 billion dollars, or 300 per cent per head of the average British citizens output back home in good Old Blighty.

Gibraltar even has its very own Mossack Fonseca offices; the very same company involved in the global Panama Papers scandal

OffshoreCompanyFormationPro is a company that offers company formations, and by the looks of it, mainly to Russian clients. It boasts that

Gibraltar as a tax haven provides excellent and proficient non-resident company services. Tax haven Gibraltar has all the characteristics of a good tax haven whilst offshore clients can be guaranteed that they will save on tax and at the same time receive asset protection.”

By TruePublica Editor

***

It talks like a tax haven, it taxes like a tax haven, my guess is – it’s a tax haven!

There are 32,000 Gibraltarians organised into 11,400 households. Extraordinarily there are more registered companies than households, including 8,464 registered offshore companies.

The Government of Gibraltar’s own website is notably candid about its tax haven activities. It urges you to establish there so you can take advantage of:

Highly-developed business services infrastructure where it is possible to passport an EU licence in financial services such as insurance and re-insurance, EU-wide pensions, banking and funds administration, amongst others.

Distribute competitively priced VAT-free goods and services to the markets of the EU and Africa.

Conduct business in a quality low-tax jurisdiction with a profit oriented capital base at low levels of corporate tax, all in a stable currency with few restrictions in moving capital or repatriating dividends.

It is no wonder Gibraltar voted 96% pro-EU. Its entire economy rests upon the use of its anomalous status to undercut the tax regimes of genuine EU members. Remarkably for a population the size of Ramsgate, there are 17 registered banks in Gibraltar, including Credit Suisse, the money laundering giant raided by combined European police forces yet again yesterday, and RBS/Natwest’s tax avoidance entity.

Gibraltar was occupied by England (yes, England) in 1704 when it was sacked by the Hessian Prince George (wry smile Hessian – sacked) and 90% of the Spanish population fled after being subjected to mass rape.

The Brits have been all over twitter this last 24 hours shouting that Gibraltar was given to Britain “in perpetuity” by the Treaty of Utrecht of 1713. Thankfully the world has changed since 1713. The Treaty of Utrecht also gave Brazil to Portugal, much of Italy to the Hapsburgs and gave Britain the monopoly on the shipping of African slaves to South America. Thankfully none of those turned out to be perpetual and the British occupation of Gibraltar is equally immoral and anachronistic. That the Foreign and Commonwealth still quotes the Treaty of Utrecht is evidence of the moral bankruptcy of the British government’s position.

There is a key point here. Empires cannot cloak their continued Imperial possessions under the “right of self-determination” of Imperial client populations. Still less is there a “right of self-determination” for an entire Imperial client population to leech off tax avoidance activities by virtue of their Imperial possession status. The right of self-determination does not apply to the colonists of Gibraltar, who like the Falklanders are an introduced Imperial population – contrary to myth the large majority of Gibraltarians are not descended from the original Spanish population. Gibraltar is plainly listed by the UN as a Non Self Governing Territory. Self-determination is not applicable in international law. UN General Assembly Resolution 2353 specifically asserted that Gibraltar is a colony which impinges on the territorial integrity of Spain and thus on Spanish right to self-determination, and that a referendum of the colonial population could not change that.

Britain’s fervidly jingoistic attempts to hold on to its remaining colonies are pathetic. I have a memory as a very small child of watching Rolf Harris on TV dressed in union jacks singing “Please Don’t Alter Gibraltar” to the tune of Land of Hope and Glory. Google has just reassured me this really happened and was not a nightmare. I now realise from the timing that was a riposte to the UN General Assembly discussions. That it was Rolf Harris gives the perfect pointer to the grossly immoral British position on Gibraltar.

Ironies abound.

Irony 1
It is the Little England Brexiteers who are frothing at the mouth over the EU saying it will take heed of Spain’s position on Gibraltar – despite the fact the Gibraltarians voted 96% in favour of the EU. They cry, how dare the EU take into account the position of the United Nations and of its member state, Spain, against what will be a non-member state? Who could have seen that coming?

Irony 2
Gibraltarians of course voted in favour of the EU in order to benefit from the opportunity to continue undermining EU tax regimes.

Irony 3
The Daddy of them all. The Britnats who crowed repeatedly at Scots, extolling alleged (and improbable) Spanish desire to veto Scottish EU membership, are shocked, shocked that Spain may veto a Brexit settlement over Gibraltar.


Originally published on 2017-04-03

Author: Craig Murray

Source: The TruePublica

Origins of images: Facebook, Twitter, Wikimedia, Wikipedia, Flickr, Google, Imageinjection & Pinterest.

Read our Disclaimer/Legal Statement!

Donate to Support Us

We would like to ask you to consider a small donation to help our team keep working. We accept no advertising and rely only on you, our readers, to keep us digging the truth on history, global politics and international relations.

[wpedon id=”4696″ align=”left”]

READ MORE!
Winston Churchill on the Palestinians
Origins of images: Facebook, Twitter, Wikimedia, Wikipedia, Flickr, Google, Imageinjection, Public Domain & Pinterest.Read our Disclaimer/Legal Statement!Donate to Support UsWe would like to ask you to consider a small donation to help our team keep working. We accept no advertising and rely only on you, our readers, to keep us digging the truth on history, global politics and international relations.[wpedon id="4696" align="left"]Save
READ MORE
Heusinger, Adolf,  Generalinspekteur der BW 1.4.1957 - 31.3.1961
General Adolf Heusinger (August 4, 1897 – November 30, 1982) was a German general officer who briefly served as Adolf Hitler’s Chief of the General Staff of the Army during World War II and served as the first Inspector General of the Bundeswehr, the West German armed forces, from 1957 to 1961. Heusinger served as Chairman of the NATO Military Committee from 1961 to 1964.Heusinger was born in Holzminden, in the Duchy of Brunswick, German Empire. He entered the Imperial German Army on June 17, 1915, and was assigned to 7. Thüringisches Infanterie-Regiment Nr. 96, an infantry regiment raised in ...
READ MORE
NATO 70 Years Old… Still Vigorous in Aggression
When the North Atlantic Treaty Organization was created 70 years ago in 1949 it was formed as a blatant military instrument for waging the Cold War, a war that the US, Britain and other European allies had newly embarked on. NATO’s public relations cant about “peace and security” is but Orwellian rhetoric.The supposed allies of the Soviet Union hastily went from an ostensible joint purpose of defeating Nazi Germany during the Second World War to initiating hostility towards Moscow. Already in 1946, British war-time leader Winston Churchill was fulminating about “an Iron Curtain” descending across Europe, in language adapted from ...
READ MORE
Edward S. Herman: The Srebrenica Massacre was a Gigantic Political Fraud
Eleven Years ago: 11 July 1995, The Srebrenica MassacreFirst published by GR in February 2013.Renowned author Dr. Edward Herman spoke with John Robles of the Voice of Russia regarding the facts surrounding the Srebrenica Massacre, the pretext for the “humanitarian” invasion of the former Yugoslavia, and takes apart the “official” ; version that has always been promoted by the West. Dr. Herman reveals that there were in fact multiple massacres at Srebrenica, and that the killing of Bosnian-Muslim soldiers at Srebrenica (the West’s pretext) was in response to the killing of over 2,000 Serb civilians, mostly women and children, at ...
READ MORE
Zionism and Israel
ZionismThe term Zionism is derived from the word Zion that in the Hebrew language and cultural-historical tradition of the Jews refers to the citadel (acropolis) of the city of Jerusalem but as well as to the Kingdom of Heaven. From the matter of politics, Zionism refers to the political-national movement of the European Jews in the very late 19th century for the very purpose to re-create a Jewish homeland in the form of a nation-state in the Middle East – Israel.[i]This Zionist movement was to the great extent expressed as a consequence of the European (mostly West European) anti-Semitic (better ...
READ MORE
Why the West can Never Defeat or “Forgive” Russia
Historically and intuitively, Russia has fought for the survival of humanity. Of course, things are not always pronounced or defined in such terms. However, already on several occasions, this enormous country has stood up against the most mighty and evil forces that have threatened the very survival of our Planet.During the Second World War, the Soviet people, mainly Russians, sacrificed at least 25 million men, women and children, in the end defeating Nazism. No other country in modern history has undergone more.Right after that victory, Russia, alongside China and later Cuba, embarked on the most awesome and noble project of ...
READ MORE
The Future of the EU at Stake in Catalonia
Fascist Franco may have been dead for more than four decades, but Spain is still encumbered with his dictatorial corpse. A new paradigm has been coined right inside the lofty European Union, self-described home/patronizing dispenser of human rights to lesser regions across the planet: “In the name of democracy, refrain from voting, or else.” Call it democracy nano-Franco style.Nano-Franco is Spanish Prime Minister Mariano Rajoy, whose heroic shock troops were redeployed from a serious nationwide terrorist alert to hammer with batons and fire rubber bullets not against jihadis but … voters. At least six schools became the terrain of what was correctly called The ...
READ MORE
The Mladic NATO-Style Trial at the ICTY: A Stain on Civilization
“All that is a lie. This is a NATO-style trial.”The defiant words of General Mladic to the judges of the NATO controlled ad hoc war crimes tribunal for Yugoslavia rang out loud and clear the day they pretended to convict him. He could have added ‘but history will absolve me” and a lot more but he was thrown out of the room by the chief judge, Orie, in his condescending style, as if he was dealing to a truant schoolboy, instead of a man falsely accused of crimes he did not commit.The Russian Foreign Ministry spokeswoman, Maria Zakharova, echoed the ...
READ MORE
Anti-Serbian Collaboration Between Tito’s Partisans and Pavelić’s Ustashi in World War II
Partisans and Ustashi together in Bosnia, 1942Article by Vladislav B. Sotirovic: “Anti-Serbian Collaboration Between Tito’s Partisans and Pavelić’s Ustashi in World War II”, Balkan Studies, Vol. 49, 2014 (2015), ISSN (print) 0005-4313, ISSN (online) 2241-1674, Thessaloniki, Greece, pp. 113−156© Vladislav B. Sotirović 2015Origins of images: Facebook, Twitter, Wikimedia, Wikipedia, Flickr, Google, Imageinjection & Pinterest.Read our Disclaimer/Legal Statement!Donate to Support UsWe would like to ask you to consider a small donation to help our team keep working. We accept no advertising and rely only on you, our readers, to keep us digging the truth on history, global politics and international relations.[wpedon ...
READ MORE
America and the Great Abdication: Don’t Mistake Donald Trump’s Withdrawal from the World for Isolationism
When great powers fade, as they inevitably must, it’s normally for one of two reasons. Some powers exhaust themselves through overreach abroad, underinvestment at home, or a mixture of the two. This was the case for the Soviet Union. Other powers lose their privileged position with the emergence of new, stronger powers. This describes what happened with France and Great Britain in the case of Germany’s emergence after World War I and, more benignly, with the European powers and the rise of the United States during and after World War II.To some extent America is facing a version of this—amid ...
READ MORE
The Balkans’ Run-Up to the Catalan Crisis
The dramatic developments surrounding the independence referendum in Catalonia, as well as the plebiscite for the self-determination of Iraqi Kurds, have once again raised the issue of the lack of clear criteria in international practice for allowing the self-determination of nations and territories. This creates a breeding ground for double standards and speculative political maneuvers. And although Catalan separatism has a long and unique history, an assessment of current events shows that there are links to other regional crises including in the Balkans, where the double standards and geopolitical games have become fully apparent.Richard Haass, president of the influential US Council on Foreign Relations, recently took ...
READ MORE
Ethnic Intolerance Against Christians in Kosovostan
Recent episodes of ethnic intolerance against the Serbian minority exacerbate conditions in a country which is increasingly an “Islamic island” in the heart of Europe. Kosovo is once again the centre of attention in Orthodox Church circles. In addition to new instances of intolerance against the ethnic Serbian minority, recent actions taken by Russian Patriarch Kirill and Archimandrite Tikhon (Shevkunov), abbot of the Moscow monastery of Sretensky Stavropegic, have drawn attention. Violence against Orthodox Serbs is growing: unsurprisingly, some of them speak openly of cultural genocide. Approximately one hundred and fifteen churches were destroyed or severely damaged during the Albanian attacks, and ...
READ MORE
Netanyahu Victory Lays Bare Israel as Racist, Colonial State
SHARMINI PERIES, EXEC. PRODUCER, TRNN: Welcome to The Real News Network. I'm Sharmini Peries, coming to you from Baltimore. Prime Minister Benjamin Netanyahu is elating after his right-wing Likud Party secured a firm victory in the Israeli elections on March 17. It was a very close race against the Zionist Union Party, led by Isaac Herzog. Our next guest, Shir Hever, in an interview he did with us last month, predicted that Prime Minister Netanyahu would win in spite of many strikes against him at the time. So, defying election polls leading up to the election, Prime Minister Netanyahu has ...
READ MORE
Pax Americana: Who are the Neocon Imperialists?
Neocon 101: What do Neoconservatives Believe?“Neocons” believe that the United States should not be ashamed to use its unrivaled power – forcefully if necessary – to promote its values around the world. Some even speak of the need to cultivate a US empire. Neoconservatives believe modern threats facing the US can no longer be reliably contained and therefore must be prevented, sometimes through preemptive military action.Most neocons believe that the US has allowed dangers to gather by not spending enough on defense and not confronting threats aggressively enough. One such threat, they contend, was Saddam Hussein and his pursuit of ...
READ MORE
Selective Solidarity with the Victims of Terrorism
Origins of images: Facebook, Twitter, Wikimedia, Wikipedia, Flickr, Google, Imageinjection, Public Domain & Pinterest.Read our Disclaimer/Legal Statement!Donate to Support UsWe would like to ask you to consider a small donation to help our team keep working. We accept no advertising and rely only on you, our readers, to keep us digging the truth on history, global politics and international relations.[wpedon id="4696" align="left"]Save
READ MORE
The Russians are Coming! The Russians are Coming!
Has your electric garage door stopped working? Does your dog wake up in the middle of the night and begin howling? Is the weather unseasonably hot, cold, windy, dry or wet? Has your television set (or refrigerator, or sound system or home alarm) inexplicably turned on, or off? If one uncritically viewed the corporate-controlled media and accepted at face value the statements of much of official Washington, especially the Democratic Party, one could easily draw the conclusion that the Russians did it. A paranoid frenzy is gripping the US political and media establishment. A ruling elite that commands the world’s largest economy ...
READ MORE
The Euromaidan Ukraine between Fascism, Ochlocracy and Breakup
There is less talk about the rump-Ukraine in the news these days, especially in the western corporate media, and there is a good reason for that: that short-lived Urkonazi “Banderastan” is falling apart. This is hardly surprising since the entire concept was never viable in the first place. Let’s remember how it all began.It is crucial to remember that there was no spontaneous revolution or insurrection in the Ukraine, the Euromaidan had nothing to do with Europe and everything to do with the USA. Oh sure, the Ukrainian people were told that it was about “joining the EU”, but that ...
READ MORE
Facts of the Korean War: UN Security Council, Instrument of US led Wars, Blatantly Biased Against North Korea
Recapitulation of the Facts of the Korean WarNovember 7, 1950:  “Just when there was a lull in the fighting and it looked as if peace were possible, MacArthur staged a gigantic and murderous raid directly across from the Chinese frontier, destroying most of a city in an area where bombings had been forbidden to prevent border violations.” “There were reports,” The New York Times said October 15, that General MacArthur had ordered the first bombings of North Korean cities without authorization from Washington.” “General Stratemeyer, commander of the Far East Air Forces described the attack:  ‘when fighter planes swept the ...
READ MORE
Obama and Clinton Co-Founders of ISIS?
On 10 August 2016, Republican presidential candidate Donald Trump accused president Barak Hussein Obama and Democrat presidential candidate Hillary Clinton of co-founding the jihadist rebel organization ISIS (Islamic State) operating mainly in Syria and Iraq but with operative in many Middle Eastern countries and around the world. Trump used Obama’s full name to provoke a racist-xenophobic response from the public about the Arabic-sounding name rooted in East Africa. Immediately, critics insisted that Trump made outrageous and ignorant comments about complex foreign affairs matters he does not fully comprehend.The following day Trump clarified that he meant exactly what he said and ...
READ MORE
Five Facts About Kosovo the Fakenews Media is Lying to You About
1. Kosovo is not ancient Albanian land Its very name comes from the Serbian word "kos," meaning blackbird. Its Albanian name, "Kosova," means nothing whatsoever. Kosovo was the heartland of medieval Serbian state and the site of the 1389 battle in which both the Serbian prince and the Ottoman sultan died, checking the Turkish expansion into the Balkans for almost 70 years. Ethnic Albanians were settled there by the Ottomans over the intervening centuries, and became a majority due to pogroms and persecution of Serbs - which began under Ottoman rule but continued under Austro-Hungarian occupation in WWI and German/Italian occupation in ...
READ MORE
Winston Churchill on the Palestinians
Adolf Heusinger: Hitler’s Army Chief and NATO’s Chairman
NATO 70 Years Old… Still Vigorous in Aggression
Edward S. Herman: The Srebrenica Massacre was a Gigantic Political Fraud
Zionism and Israel
Why the West can Never Defeat or “Forgive” Russia
The Future of the EU at Stake in Catalonia
The Mladic NATO-Style Trial at the ICTY: A Stain on Civilization
Anti-Serbian Collaboration Between Tito’s Partisans and Pavelić’s Ustashi in World War II
America and the Great Abdication: Don’t Mistake Donald Trump’s Withdrawal from the World for Isolationism
The Balkans’ Run-Up to the Catalan Crisis
Ethnic Intolerance Against Christians in Kosovostan
Netanyahu Victory Lays Bare Israel as Racist, Colonial State
Pax Americana: Who are the Neocon Imperialists?
Selective Solidarity with the Victims of Terrorism
The Russians are Coming! The Russians are Coming!
The Euromaidan Ukraine between Fascism, Ochlocracy and Breakup
Facts of the Korean War: UN Security Council, Instrument of US led Wars, Blatantly Biased Against North Korea
Obama and Clinton Co-Founders of ISIS?
Five Facts About Kosovo the Fakenews Media is Lying to You About
FOLLOW US ON OUR SOCIAL PLATFORMS
Share