Gibraltar: A Tax Haven not a Nation

Hits: 882

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!
Washington is Ramping Up Military Confrontation With Russia and China
On November 26 the New York Times asserted that “Russia’s seizure [on November 25] of three Ukrainian naval vessels was the first overt armed conflict between the two since 2014, when Russian forces occupied Crimea.” There was no armed conflict in Crimea and not a drop of blood was spilled. There was no “occupation” because, under treaty, over 20,000 Russian troops were stationed there. Crimea’s citizens have always been Russian-speaking, Russian-cultured and in general pro-Russia. Following the US-sponsored rebellion in Ukraine that went the way the US intended it to go, there was the awkward matter of Crimea which had been part of Russia until, as noted ...
READ MORE
Cold War Then, Cold War Now
The anti-Russian/anti-Soviet bias in the American media appears to have no limit. You would think that they would have enough self-awareness and enough journalistic integrity -– just enough -– to be concerned about their image. But it keeps on coming, piled higher and deeper.One of the latest cases in point is a review of a new biography of Mikhail Gorbachev in the New York Times Book Review (September 10). The review says that Gorbachev “was no hero to his own people” because he was “the destroyer of their empire”. This is how the New York Times avoids having to say anything positive about life ...
READ MORE
Thanksgiving: Celebrating the Genocide of Native Americans
The sad reality about the United States of America is that in a matter of a few hundreds years it managed to rewrite its own history into a mythological fantasy.The concepts of liberty, freedom and free enterprise in the “land of the free, home of the brave” are a mere spin. The US was founded and became prosperous based on two original sins: firstly, on the mass murder of Native Americans and theft of their land by European colonialists; secondly, on slavery.This grim reality is far removed from the fairy tale version of a nation that views itself in its ...
READ MORE
Serbia: Parliamentary Elections for the NATO/EU’s Membership
Author’s note: a draft version of the article was originally written at the end of December 2015 and published in March 2016. This is the extended article’s version.On April 24th, 2016 Serbia faced three-level elections: for the national parliament, local municipalities and Vojvodina’s autonomous provincial administration. The elections did not cover Kosovo province as current Serbia’s pro-NATO/EU’s government already two years ago de facto recognized in its negotiations with the EU and Pristina’s government that this province is not any more an integral part of the legal and administrative system of the Republic of Serbia. Nevertheless, these elections were in ...
READ MORE
How America Double-Crossed Russia and Shamed West
The conditionality of the Soviet Union’s agreement to allow East Germany to be taken by West Germany and for the Cold War to end, was that NATO would not expand «one inch to the east». This was the agreement that was approved by the Russian President of the Soviet Union, Mikhail Gorbachev, a great man and a subsequent hero to democrats around the world.He agreed then to end the Soviet Union and abandon communism and thus to end the entire Cold War; he agreed to this because he had been promised that NATO would expand not «one inch to the ...
READ MORE
Wars, Killings, and the Greatest Country Ever Created
The world is lectured frequently by the United States of America — the One Indispensable Nation — about how to behave, on the grounds that, as President Obama declared, «from London and Prague, to Tokyo and Seoul, to Rio and Jakarta... there is a new confidence in our leadership».He didn’t mention Amman, Baghdad, Beijing, Beirut, Caracas or the capitals of so many other countries in which the majority of citizens, according to the Pew Research Centre and other pollsters such as Marketwatch, regard the United States as an aggressive and malign manipulator of world affairs.Presidential hopeful Hillary Clinton went further than President Obama in glorifying ...
READ MORE
The First NATO: British and French Joint Aggressions in the Mid-19th Century
The two most militarily powerful nations in the West, both free to project naval power and maritime domination anywhere in the world, get together to punish and overthrow regimes they find guilty of human rights abuses and political repression in the name of human rights and promoting democracy: What could possibly go wrong?It is of course NATO Secretary-General Jens Stoltenberg’s new call for NATO, which has already over the past decade exercised its nation-building and promotion of enlightened regime policies with such brilliant success in Ukraine, Libya, Syria and Afghanistan to spread its mantle of protection, enlightenment and peace over ...
READ MORE
Kosovo ISIL – A Photo Documentation
A photo documentation of the destruction of (Serbian) Christianity in Kosovo from June 1999 up today.The Western colony of Kosovo is the main stronghold of radical Albanian jihad Islam at the Balkans, transformed into the first independent Balkan ISIL state protected by the Western gangsters of the USA, the NATO and the EU.Presented photo evidence is just an iceberg of the real destruction of Euro-Christianity in Kosovo by the barbaric Muslim Albanians who are also fighting in the Middle East as the jihad soldiers of ISIL - a creation of the US administration.Origins of images: Facebook, Twitter, Wikimedia, Wikipedia, Flickr, ...
READ MORE
A Tale of Two Nations: Russia vs USA Economic Prospects
Taking the extraordinary USA and EU economic sanctions against Russia and low oil prices since 2014 into account, Russia’s economic outlook looks excellent going forward while that of Trump’s America looks bleak, to put it mildly. Paraphrasing the memorable 1992 Presidential candidates debate between a then-young William Jefferson Clinton and George H.W. Bush, “It’s the debt, stupid.” In the past few years too many US economists and analysts such as Moody’s Credit Rating have tried to dismiss the economy of the Russian Federation as a near-bankrupt Soviet-era oil and gas-dependent economy, devastated by the 2014 collapse in oil price. This is ...
READ MORE
Destruction of Christianity: Syria and Kosovo
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
Muslim Albanian Women from Kosovo are Training ISIS Terrorists
Accoring to the “Zeri” news agency from the city of Priština, women who join the Islamic state are mostly 23 years of age, and before joining them they were “modern girls“. One of them is Laura Huseni who was, according to the editor-in-chief of the “Zeri” magazine, a typical teenage girl from Kosovo who used to go out and have fun with her mates. – She would take a cab and go with her friends for a drink. She used to dress like all her friends, she would wear skirts of jeans. She was very modern – said Faik Ukasmajli, whose son married ...
READ MORE
The Russians are Coming!
As 2016 closes, we find ourselves a deeply unsettled nation. We’re unable to draw the lines of our national interest. Is it jobs and economy, is it national security, or is it now in our interest to ensure global security — in other words, act as the world’s policemen?As the “failing” (to quote Trump) New York Times degenerates into a Washington Post organization with its stagnant Cold War vision of a 1950s world where the Russians are to blame for most everything — Hillary’s loss, most of the aggression and disorder in the world, the desire to destabilize Europe, etc. — the Times has added the ...
READ MORE
Britain’s Collaboration with pro-Jihadist Forces in Kosovo
In British mainstream commentary, the 1999 NATO bombing campaign against Slobodan Milosevic’s Yugoslavia is seen as a ‘humanitarian intervention’. Tony Blair still receives much praise for coming to the defence of the ethnic Albanians in Kosovo, whose plight was surely serious as they were subject to increasingly brutal abuses by the Yugoslav army towards the end of 1998 and early 1999. Yet the NATO bombing that began in March 1999 had the effect of deepening, not preventing, the humanitarian disaster that Milosevic’s forces inflicted on Kosovo. The bulk of the atrocities committed by Yugoslav forces took place after the NATO ...
READ MORE
The Human Rights Disaster in America
Antonio Zambrano-Montes, a 35-year-old Mexican national, was shot to death by police in Pasco, Washington last Tuesday as he was backing away from officers with his hands up. A video of the shooting clearly corroborates claims by Zambrano-Montes’s family that he was killed “execution-style.”Police claimed that Zambrano-Montes, who had lived in the city for ten years and worked as an orchard picker, may have been “armed with a rock” before he was shot multiple times. Protests erupted over the weekend, with more than a thousand demonstrating in Washington state on Saturday against the killing.The United States has invaded, bombed, and ...
READ MORE
Why V. Yanukovych Said No to the European Union
Christopher Marsh and I, in our recently published book (Russian Foreign Policy: Interests, Vectors and Sectors), sketch out what we term "Putin's Eurasian dream"—the ambition to create a Eurasian economic and political zone where Moscow sets the overall agenda and is able to hold its own in the global geopolitical competition with the United States, the EU and China—and to have the foundations laid by 2015. A major obstacle to this vision was abruptly removed on Thursday when Ukrainian president Viktor Yanukovych announced that his country would not sign a landmark partnership agreement with the European Union—which Russia had consistently ...
READ MORE
Remembering Jasenovac: The lesser Recognized Concentration Camp
While the numbers are not as high as Auschwitz or Treblinka, Jasenovac was notorious for its cruelty and the high number of young children who were victims.April 22 is a date that binds two groups of people who shared the same tragic fate. It is the date that commemorates the revolt of the prisoners of Jasenovac, the death camp that claimed the lives of hundreds of thousands of Jews, Serbs and Roma.While the numbers are not as high as Auschwitz or Treblinka, Jasenovac was notorious for its cruelty and the high number of young children who were victims. The saddest ...
READ MORE
Why Theresa May Must be Impeached
So the moment we’ve been holding our breaths for a week finally came. In the end, I am mighty glad that this particular strike seems more like the impotent thrashing of the neocon snake that didn’t dare to attack places where Russian servicemen were likely to be killed, than it does the start of World War III. For the moment, at least, thank God.But the fact that it was a fairly limited strike — compared to what it might have been — in which the majority of missiles failed to hit their targets, having been eliminated by Soviet-era air defences, ...
READ MORE
The Killing of History
One of the most hyped “events” of American television, The Vietnam War, has started on the PBS network. The directors are Ken Burns and Lynn Novick.  Acclaimed for his documentaries on the Civil War, the Great Depression and the history of jazz, Burns says of his Vietnam films, “They will inspire our country to begin to talk and think about the Vietnam war in an entirely new way”.In a society often bereft of historical memory and in thrall to the propaganda of its “exceptionalism”, Burns’ “entirely new” Vietnam war is presented as “epic, historic work”. Its lavish advertising campaign promotes its ...
READ MORE
The Cold War and Its Origins: History of the Soviet Union (1950-1960)
The Russian Revolution of 1917 terrified the capitalist world. In my last article based on the first volume of D.F. Fleming’s classic “The Cold War and It’s Origins 1917-1960” I traced the story of the attempt to destroy the world’s first communist revolution. 14 Nations attacked the Soviet Union attempting to carve out territory and crush the revolution. They also launched a massive wave of repression at home. Then they attempted to isolate the USSR while they built up Hitler’s Germany as a bulwark against Communism. This lead to World War 2 and an alliance between the USSR, Britain and ...
READ MORE
A New Islamic Occupation of Iberian Peninsula?
"Evicted five centuries ago by crusading Christians, the Arabs are back in Spain, using their oil dollars to buy land that was seized from their ancestors by the sword". — James M. Markham, The New York Times, 1981. The Madrid daily ABC wrote that 800 mosques in Spain are out of control. The Spanish daily La Razon charged that Gulf donors, such as Qatar, were a source of Spain's Islamization. The Saudis also launched a new Spanish television channel, Córdoba TV, as did Iran. They dream of, and work to, regain the "lost Caliphate" of Spain. Some Islamists do ...
READ MORE
Washington is Ramping Up Military Confrontation With Russia and China
Cold War Then, Cold War Now
Thanksgiving: Celebrating the Genocide of Native Americans
Serbia: Parliamentary Elections for the NATO/EU’s Membership
How America Double-Crossed Russia and Shamed West
Wars, Killings, and the Greatest Country Ever Created
The First NATO: British and French Joint Aggressions in the Mid-19th Century
Kosovo ISIL – A Photo Documentation
A Tale of Two Nations: Russia vs USA Economic Prospects
Destruction of Christianity: Syria and Kosovo
Muslim Albanian Women from Kosovo are Training ISIS Terrorists
The Russians are Coming!
Britain’s Collaboration with pro-Jihadist Forces in Kosovo
The Human Rights Disaster in America
Why V. Yanukovych Said No to the European Union
Remembering Jasenovac: The lesser Recognized Concentration Camp
Why Theresa May Must be Impeached
The Killing of History
The Cold War and Its Origins: History of the Soviet Union (1950-1960)
A New Islamic Occupation of Iberian Peninsula?

Written by Policraticus

SHORT LEGAL DISCLAIMER: The website’s owner & editor-in-chief has no official position on any issue published at this website. The views of the authors presented at this website do not necessarily coincide with the opinion of the owner & editor-in-chief of the website. The contents of all material (articles, books, photos, videos…) are of sole responsibility of the authors. The owner & editor-in-chief of this website is not morally, scientifically or legally responsible for any inaccurate or incorrect statement in the contents of all material found on this website. The owner & editor-in-chief of this website is not responsible for the content of external internet sites. No advertising, government or corporate funding for the functioning of this website. The owner & editor-in-chief and authors are not morally, scientifically or legally responsible for any inaccurate or incorrect statement in the text and material found on the website www.global-politics.eu

Website: http://www.global-politics.eu

One comment to “Gibraltar: A Tax Haven not a Nation”

Comments are closed.