Lord Christopher Monckton on Climategate: ‘They Are Criminals’

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By Christopher Monckton

This is what they did — these climate “scientists” on whose unsupported word the world’s classe politique proposes to set up an unelected global government this December in Copenhagen, with vast and unprecedented powers to control all formerly free markets, to tax wealthy nations and all of their financial transactions, to regulate the economic and environmental affairs of all nations, and to confiscate and extinguish all patent and intellectual property rights.

Must-see:
Lord Christopher Monckton: Is President Obama Poised to Surrender the Constitution and US Sovereignty to World Government?

The tiny, close-knit clique of climate scientists who invented and now drive the “global warming” fraud — for fraud is what we now know it to be — tampered with temperature data so assiduously that, on the recent admission of one of them, land temperatures since 1980 have risen twice as fast as ocean temperatures. One of the thousands of emails recently circulated by a whistleblower at the University of East Anglia, where one of the world’s four global-temperature datasets is compiled, reveals that data were altered so as to prevent a recent decline in temperature from showing in the record. In fact, there has been no statistically significant “global warming” for 15 years — and there has been rapid and significant cooling for nine years.

Worse, these arrogant fraudsters — for fraudsters are what we now know them to be — have refused, for years and years and years, to reveal their data and their computer program listings. Now we know why: As a revealing 15,000-line document from the computer division at the Climate Research Unit shows, the programs and data are a hopeless, tangled mess. In effect, the global temperature trends have simply been made up. Unfortunately, the British researchers have been acting closely in league with their U.S. counterparts who compile the other terrestrial temperature dataset — the GISS/NCDC dataset. That dataset too contains numerous biases intended artificially to inflate the natural warming of the 20th century.

Finally, these huckstering snake-oil salesmen and “global warming” profiteers — for that is what they are — have written to each other encouraging the destruction of data that had been lawfully requested under the Freedom of Information Act in the UK by scientists who wanted to check whether their global temperature record had been properly compiled. And that procurement of data destruction, as they are about to find out to their cost, is a criminal offense. They are not merely bad scientists — they are crooks. And crooks who have perpetrated their crimes at the expense of British and U.S. taxpayers.

I am angry, and so should you be.

What have the mainstream news media said about the Climategate affair? Remarkably little. The few who have brought themselves to comment, through gritted teeth, have said that all of this is a storm in a teacup, and that their friends in the University of East Anglia and elsewhere in the climatological community are good people, really.

No, they’re not. They’re criminals. With Professor Fred Singer, who founded the U.S. Satellite Weather Service, I have reported them to the UK’s Information Commissioner, with a request that he investigate their offenses and, if thought fit, prosecute. But I won’t be holding my breath: In the police state that Britain has now sadly become, with supine news media largely owned and controlled by the government, the establishment tends to look after its own.

At our expense, and at the expense of the truth.

Read moreLord Christopher Monckton on Climategate: ‘They Are Criminals’

US Government Is Facing Wave of Debt Payments

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“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”

– Barack Obama

Now even the New York Times is writing about the exploding US debt and its consequences…….



WASHINGTON — The United States government is financing its more than trillion-dollar-a-year borrowing with i.o.u.’s on terms that seem too good to be true.

But that happy situation, aided by ultralow interest rates, may not last much longer.

See: The Debt Buildup

Treasury officials now face a trifecta of headaches: a mountain of new debt, a balloon of short-term borrowings that come due in the months ahead, and interest rates that are sure to climb back to normal as soon as the Federal Reserve decides that the emergency has passed.

Even as Treasury officials are racing to lock in today’s low rates by exchanging short-term borrowings for long-term bonds, the government faces a payment shock similar to those that sent legions of overstretched homeowners into default on their mortgages.

With the national debt now topping $12 trillion, the White House estimates that the government’s tab for servicing the debt will exceed $700 billion a year in 2019, up from $202 billion this year, even if annual budget deficits shrink drastically. Other forecasters say the figure could be much higher.

In concrete terms, an additional $500 billion a year in interest expense would total more than the combined federal budgets this year for education, energy, homeland security and the wars in Iraq and Afghanistan.

The potential for rapidly escalating interest payouts is just one of the wrenching challenges facing the United States after decades of living beyond its means.

Read moreUS Government Is Facing Wave of Debt Payments

Senate Health Care Bill: 17 Tax Increases = $370.2 Billion

Change you can believe in!


The Joint Committee on Taxation has published a list of the 17 tax increases in the Senate health care bill, which are estimated to raise $370.2 billion in revenues over ten years:

  1. 40% excise tax on health coverage in excess of $8,500/$23,000 ($149.1 billion)
  2. Employer W-2 reporting of value of health (negligible revenue effect)
  3. Conform definition of medical expenses ($5.0 billion)
  4. Increase penalty for nonqualified health savings account distributions to 20% ($1.3 billion)
  5. Limit health flexible spending arrangements in cafeteria plans to $2,500 ($14.6 billion)
  6. Require information reporting on payments to corporations ($17.1 billion)
  7. Additional requirements for section 501(c)(3) hospitals (negligible revenue effects)
  8. Impose annual fee on manufacturers & importers of branded drugs ($22.2 billion)
  9. Impose annual fee on manufacturers & importers of medical devices ($19.3 billion)
  10. Impose annual fee on health insurance providers ($60.4 billion)
  11. Study and report of effect on veterans health care (no revenue effect)
  12. Eliminate deduction for expenses allocable to Medicare Part D subsidy ($5.4 billion)
  13. Raise 7.5% AGI floor on medical expenses deduction to 10% ($15.2 billion)
  14. $500,000 deduction limitation on taxable year remuneration to health insurance officials ($0.6 billion)
  15. Additional 0.5% hospital insurance tax on wages > $200,000 ($250,000 joint) ($53.8 billion)
  16. Modification of section 833 treatment of certain health  organizations ($0.4 billion)
  17. Impose 5% excise tax on cosmetic surgery ($5.8 billion)

Update:  See CCH’s Special Report.

By Paul L. Caron
Associate Dean of Faculty
Charles Hartsock Professor of Law
Univ. of Cincinnati College of Law

Read moreSenate Health Care Bill: 17 Tax Increases = $370.2 Billion

Obama Lied About Health Care: ‘Nobody considers that a tax increase’ – Ask The Justice Dept. And Joint Commitee on Taxation!

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Will Obama cop to the lies he told America before the health care bill passed?

President Obama
appeared on ABC’s This Week with George Stephanopoulos in September, insisting that the penalty for those who don’t buy health insurance is not a tax. However, with the passage of  H.R. 3962, otherwise known as the “Affordable Health Care for America Act”, the exact opposite has proven to be true.

A letter from Thomas A Barthold, Chief of Staff of the Joint Committee on Taxation, specifies clearly and repeatedly that the penalty for the non-insured is indeed a tax, with potential prosecution and jail time for those who do not comply released  The 4 page letter, sent to Rep. Dave Camp on Guy Fawkes day, was response to the Michigan Republican’s questions

Barthold explained that the bill contains a “tax on individuals without acceptable health care coverage” and added that the goal of the IRS “is consistency, fairness and predicttabilty in administration of penalties”, also pointing out that the total number of convictions the government won in tax evasion cases was 666.

“if the government determined that the taxpayer’s unpaid tax liability results from willful behavior, the following penalties could apply” Barthold explained, adding that there is a religious conscience exemption in the bill as well.

Several media outlets reported on the exchange between Obama and Stephanopoulos in September, with many covering potential jail time for non compliance. The left gatekeepers made a partisan issue out of it, but few addressed the fundamental question of  the constitutionality of universally mandated healthcare.

Following is an excerpt of the exchange between Obama and  the ABC host on THIS WEEK. Now that the facts have come out, will Obama respond?

Read moreObama Lied About Health Care: ‘Nobody considers that a tax increase’ – Ask The Justice Dept. And Joint Commitee on Taxation!

US: Up to 95.2% Income Tax Rate Needed to Close Deficit in 2010

Obamanomics deficit spending is absolutely irresponsible and Barack Obama knows this:

“Washington is shifting the burden of bad choices today onto the backs of our children and grandchildren,” Obama said in a 2006 floor speech that preceded a Senate vote to extend the debt limit. “America has a debt problem and a failure of leadership.”
– Barack Obama


“Deficits mean future tax increases, pure and simple. Deficit spending should be viewed as a tax on future generations, and politicians who create deficits should be exposed as tax hikers.”

– Ron Paul

Barack Obama tripled George W. Bush’s deficit!

Change you can believe in!


– The Tax Foundation computes the income tax rates necessary to close the deficit:

us-tax-rates-to-close-deficit-01

us-tax-rates-to-close-deficit-02

November 2, 2009

Source: TaxProf Blog

Fall Of The Republic – The Presidency Of Barack H. Obama (The Full Movie HQ)

“When the people find they can vote themselves money, that will herald the end of the republic.”
– Benjamin Franklin


Added: 22. October 2009

Fall Of The Republic documents how an offshore corporate cartel is bankrupting the US economy by design. Leaders are now declaring that world government has arrived and that the dollar will be replaced by a new global currency.

President Obama has brazenly violated Article 1 Section 9 of the US Constitution by seating himself at the head of United Nations’ Security Council, thus becoming the first US president to chair the world body.

A scientific dictatorship is in its final stages of completion, and laws protecting basic human rights are being abolished worldwide; an iron curtain of high-tech tyranny is now descending over the planet.

A worldwide regime controlled by an unelected corporate elite is implementing a planetary carbon tax system that will dominate all human activity and establish a system of neo-feudal slavery.

Read moreFall Of The Republic – The Presidency Of Barack H. Obama (The Full Movie HQ)

Rising unemployment and a failing economy in the U.S.

Current Numbers Dont Add Up To Recovery

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This past week the BLS (Bureau of Labor Statistics) released the September unemployment statistics and they worsened as usual, as America enjoys its recovery.

U-1-Those unemployed 15 weeks or longer, as a percent of the civilian labor force was 5.4%.

U-2-Job losers and persons who completed temporary jobs, as a percent of the labor force was 6.8%.

U-3-Total unemployed, as a percentage of the civilian labor force, the official unemployment rate, 9.8%.

U-4-Discouraged workers 10.2%.

U-5-Total unemployed plus discharged workers, plus marginally attached workers 11.1%.

U-6-Total unemployed as a percent of the civilian labor force 17%.

If the birth/death ratio is removed, U-6 is in reality 21.3% total US unemployment. The estimate is that 824,000, more jobs may be extracted from the payroll count for the 12-months ended next March. Such a revision would be the biggest since 1991. The BLS is underestimating job losses deliberately and has been for a long time. That would mean September’s loss would be some 300,000 not 263,000.

Such a revision would put job losses not at 4.8 million but 5.6 million jobs.

This is how government has operated for some time and will continue to as long as we allow them too.

Read moreRising unemployment and a failing economy in the U.S.

UK Has Record July Deficit as Recession Curbs Taxes

Britons bottom of list for economic faith in government and banks (Guardian)

David Cameron warns spending could lead to Britain defaulting on its debt (Guardian)

Public finances much worse than feared (Guardian):
“The public finances data were far worse than expected,” said Peter Dixon at Commerzbank. “Tax revenues have clearly collapsed.”

This is also not a recession, but the “Greatest Depression”.


Aug. 20 (Bloomberg) — Britain had an 8 billion-pound ($13.2 billion) budget deficit in July, the largest for the month since records began in 1993, as the recession ravaged tax revenue and the cost of unemployment benefits surged.

The shortfall compared with a surplus of 5.2 billion pounds a year earlier, the Office for National Statistics said in London today. It came in a month when the Treasury usually gets a boost from quarterly tax payments. Britain last had a deficit in July in 1996.

The U.K. will have the biggest deficit in the Group of 20 next year, when Prime Minister Gordon Brown faces re-election, according to the International Monetary Fund. Brown is urging G- 20 leaders to keep up a coordinated fiscal stimulus until a world economic recovery is more certain. The Conservative opposition says spending cuts and possible tax increases are needed to curb debt.

“They’re completely disastrous numbers,” Paul Mortimer- Lee, an economist at BNP Paribas SA, said on Bloomberg Television in London. “With the economy in a parlous state, not much tax is being collected. The chancellor’s estimate for the deficit is going to be overshot by a considerable margin.”

The Treasury forecasts a deficit of 175 billion pounds in the fiscal year that began in April. In the first four months, the shortfall was 50 billion pounds, more than triple the level a year earlier.

Read moreUK Has Record July Deficit as Recession Curbs Taxes

Swiss bank UBS to hand over names of 4,450 clients to US

“Shulman pointed out that U.S. citizens have until Sept. 23 to voluntarily disclose their tax-avoidance or face “stiffer civil or possible criminal” charges. He added that U.S. citizens with hidden UBS accounts can still voluntarily disclose their account information to U.S. tax authorities before the deadline even if they previously received a notice from the Swiss bank. He added that bank notices will be sent out in stages and many letters may not be received by account holders until after the Sept. 23 voluntary deadline.”


Tax evasion just got a lot harder, IRS commissioner says

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WASHINGTON (MarketWatch) – Thousands of Americans who thought they had a secret Swiss bank account will have their names and account details given to the U.S. Internal Revenue Services under an agreement announced Wednesday among U.S. and Swiss authorities and the Swiss bank UBS.

The IRS said Americans would no longer be able to evade taxes so easily by hiding their assets in offshore accounts.

The agreement comes as U.S. tax authorities conduct a criminal investigation into Americans who used Swiss bank accounts at UBS AG to avoid paying U.S. taxes.

The settlement follows demands from the U.S. authorities that the bank hand over details on more than 50,000 customers. According to the settlement, U.S. tax authorities will gain access to 4,450 accounts of Americans who have accounts with UBS, and will drop a lawsuit against UBS in federal court demanding the names.

However, the agency expects to have access to hundreds of additional accounts through other agreements. An IRS official said the total number of names disclosed could be in the “high 5,000s.”

“Wealthy Americans who have hidden their money offshore will find themselves in a jam,” said IRS Commissioner Douglas Shulman. “You can expect us to continue to be aggressive with institutions that are helping Americans avoid taxes.”

Read moreSwiss bank UBS to hand over names of 4,450 clients to US

US federal tax revenue plummets most since 1932!

The Greatest Depression is already here.

The Greatest Economic Collapse Is Coming:
“To give you an idea of how big a problem these deficits are, consider that the US government could tax its citizens 100% of their earnings and NOT have a balanced budget.” (!)

Richard Fisher, president of the Dallas Federal Reserve Bank:
The“very big hole” in unfunded pension and health-care liabilities is over $99 trillion.

(Full article: Here)

On the Edge with Max Keiser: The coming collapse of the US will be much worse than that of the USSR (07/31/09)

Ben Bernanke: This financial crisis may be worse than the Great Depression

Gerald Celente on Fox News: The Greatest Depression (05/31/09)

Peter Schiff: Americans of this generation are gonna look back at the 1930s with jealousy about how good people had it back then (03/16/09)

Interview with Gerald Celente: 2009 – The Worst Economic Collapse Ever (02/10/09):
In 2009 we’re going to see the worst economic collapse ever, the ‘Greatest Depression’, says Gerald Celente, U.S. trend forecaster. He believes it’s going to be very violent in the U.S., including there being a tax revolt.


PLUMMETING TAXES

WASHINGTON – The recession is starving the government of tax revenue, just as the president and Congress are piling a major expansion of health care and other programs on the nation’s plate and struggling to find money to pay the tab.

The numbers could hardly be more stark: Tax receipts are on pace to drop 18 percent this year, the biggest single-year decline since the Great Depression, while the federal deficit balloons to a record $1.8 trillion.

Other figures in an Associated Press analysis underscore the recession’s impact: Individual income tax receipts are down 22 percent from a year ago. Corporate income taxes are down 57 percent. Social Security tax receipts could drop for only the second time since 1940, and Medicare taxes are on pace to drop for only the third time ever.

The last time the government’s revenues were this bleak, the year was 1932 in the midst of the Depression.

“Our tax system is already inadequate to support the promises our government has made,” said Eugene Steuerle, a former Treasury Department official in the Reagan administration who is now vice president of the Peter G. Peterson Foundation.

“This just adds to the problem.”

Read moreUS federal tax revenue plummets most since 1932!

UK Government delayed all reports till yesterday, the day before MPs go on holiday

… and of course the government delayed reports loaded with bad news. The UK is broke and gets ready to default on its debt.

Happy holidays!


Ministers bury £32bn tax crisis as recess starts

A mountain of bad news was buried by the Government as it rushed out reports and 26 ministerial statements the day before MPs go on holiday. Whitehall sources said that many of the reports were ready to be published weeks ago, and would normally be released in stages, but ministers had insisted they all be delayed till yesterday.

The dangerous state of the public finances was laid bare by the reports, which showed that the Government’s tax take plummeted by £32 billion last year. Figures from HM Revenue & Customs showed income tax, national insurance, VAT, stamp duty and corporation tax fell by £21 billion, while other debts and legal liabilities had cut income by a further £10 billion.

Related article: Flow of tax cash into Treasury drops by £32bn (Telegraph)

The figures were disclosed as the National Audit Office (NAO) refused to sign off six sets of Whitehall accounts because of fraud, error, overpayments and IT problems. The accounts, covering billions of pounds, included the Ministry of Defence, the Treasury, the Revenue, the Department for Work and Pensions, the Home Office and the Equalities and Human Rights Commission. The Government also slipped out reports criticising its training programmes and announced delays in several policy areas.

Philip Hammond, Shadow Chief Secretary to the Treasury, said: “It is a disgrace that the Government is apparently trying to sneak out these very important reports at the fag end of the parliamentary session. It gives no time for MPs to hold ministers to account — presumably what Mr Brown intended.”

Read moreUK Government delayed all reports till yesterday, the day before MPs go on holiday

2000 Philadelphia Government Workers Fail to Pay Property Taxes

“About 100 city employees were a decade or more behind on their property-tax payments.”


An Inquirer analysis finds about 2,000 city workers are behind on their taxes at a time when every penny counts.

For 13 years, Democratic ward leader George Brooks’ wages have been paid by Philadelphia taxpayers. He’s now making $64,539 a year in a senior patronage position at the Register of Wills Office.

And yet, according to city records, Brooks has failed to pay his property taxes for more than two decades, racking up a $15,000 debt to the city.

“I’m working on that. I’m making arrangements,” Brooks said in a 20-second phone call that he quickly cut short.

An Inquirer analysis of Philadelphia tax and personnel records found about 2,000 city workers and employee spouses who were past due on their real estate bills, including about 1,000 who are more than two years behind.

Read more2000 Philadelphia Government Workers Fail to Pay Property Taxes

Switzerland Would Seize UBS Data Sought by U.S.

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The UBS AG headquarters are seen on Paradeplatz in Zurich on May 1, 2009. (Bloomberg)

July 8 (Bloomberg) — Switzerland said it would seize UBS AG data to prevent the U.S. Justice Department from pursuing a U.S. court order seeking the identities of 52,000 American account holders in a crackdown on tax evaders.

The assertion came in court papers yesterday in federal court in Miami, where the Justice Department sued UBS on Feb. 19, a day after the bank avoided U.S. prosecution for helping wealthy Americans evade taxes. The U.S. effort to enforce a summons seeking the names would force UBS to violate Swiss laws barring disclosure of such data, the filing said.

The Swiss government “will use its legal authority to ensure that the bank cannot be pressured to transmit the information illegally, including if necessary by issuing an order taking effective control of the data at UBS that is the subject of the summons,” according to the filing.

Read moreSwitzerland Would Seize UBS Data Sought by U.S.

Harvard professor: The probability of a real sterling crisis is around one in three, and the probability of major tax hikes and cuts in public spending is roughly one in one

Sterling Crisis Looms as U.K. Unraveling Points to Budget Cuts

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June 30 (Bloomberg) — The state of the U.K. economy fills British financial historian Niall Ferguson with foreboding.

“The probability of a real sterling crisis is around one in three, and the probability of major tax hikes and cuts in public spending is roughly one in one,” the Harvard University professor says.

Ferguson’s concern stems from the deterioration in the U.K.’s public finances, which prompted Standard & Poor’s to warn on May 21 that the country could lose its AAA debt rating. The firm estimated the cost of propping up Britain’s banks at 100 billion pounds ($166 billion) to 145 billion pounds and said government debts could double to almost 100 percent of gross domestic product by 2013.

Chancellor of the Exchequer Alistair Darling said on April 22 that this year’s government deficit would hit 12.4 percent of GDP. Alan Clarke, a London-based economist at BNP Paribas SA, expects it to reach 17 percent of GDP in 2010.

Read moreHarvard professor: The probability of a real sterling crisis is around one in three, and the probability of major tax hikes and cuts in public spending is roughly one in one

Budget Crisis: States Turning to Last Resorts

“Our wallet is empty, our bank is closed and our credit is dried up.” (Governor Arnold Schwarzenegger)


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Gov. Arnold Schwarzenegger saying this month that he would veto any budget bill that included new taxes beyond what he had proposed.

In Hawaii, state employees are bracing for furloughs of three days a month over the next two years, the equivalent of a 14 percent pay cut. In Idaho, lawmakers reduced aid to public schools for the first time in recent memory, forcing pay cuts for teachers.

And in California, where a $24 billion deficit for the coming fiscal year is the nation’s worst, Gov. Arnold Schwarzenegger has proposed releasing thousands of prisoners early and closing more than 200 state parks.

Meanwhile, Maine is adding a tax on candy, Wisconsin on oil companies, and Kentucky on alcohol and cellphone ring tones.

With state revenues in a free fall and the economy choked by the worst recession in 60 years, governors and legislatures are approving program cuts, layoffs and, to a smaller degree, tax increases that were previously unthinkable.

All but four states must have new budgets in place less than two weeks from now — by July 1, the start of their fiscal year. But most are already predicting shortfalls as tax collections shrink, unemployment rises and the stock market remains in turmoil.

“These are some of the worst numbers we have ever seen,” said Scott D. Pattison, executive director of the National Association of State Budget Officers, adding that the federal stimulus money that began flowing this spring was the only thing preventing widespread paralysis, particularly in the areas of education and health care. “If we didn’t have those funds, I think we’d have an incredible number of states just really unsure of how they were going to get a new budget out.”

Read moreBudget Crisis: States Turning to Last Resorts

The Greatest Economic Collapse Is Coming

“John Williams of www.shadowstats.com notes that official US deficit statistics do NOT include net present value of unfunded social security OR Medicare expenses. A lot of folks have made a big deal about the US running a $1 trillion deficit this year. Well, if you included the net value of those unfunded Social Security and Medicare expenses we cleared a $1 trillion deficit in 2007, a $5 TRILLION deficit in 2008 and are on course to clear a $9 TRILLION deficit this year.”

“To give you an idea of how big a problem these deficits are, consider that the US government could tax its citizens 100% of their earnings and NOT have a balanced budget.” (!)


Today’s essay details the ongoing collapse of the US economy with a focus on why this coming fall will prove the “worst is over” crowd wrong yet again. Earlier this week, I detailed three major developments. They were:

  • The US’s economic shift from manufacturing to services (mainly financial)
  • The massive drop in US incomes
  • The beginning of the debt bubble

Today, we’re addressing how the debt bubble encapsulated the US government as well as why Obama’s Stimulus Plan won’t fix anything.

To revisit the above three points, the US began outsourcing jobs in earnest soon after we re-opened trade with China in 1971. As outsourcing spread to higher and higher skilled jobs, this meant fewer jobs in the US market. This resulted in US consumers having to use credit to maintain their standard of living. It also meant more than one parent working to make ends meet.

On a national level, the US government began living beyond its means as well. Adjusted for inflation, gross tax receipts have only risen 40% in the last 39 years. However, over the same time period, total government spending increased 2,600%!!!

To fund this insanity, the US issued debt in the form of Treasuries. Foreign governments (most notably China) which were generally getting richer selling us stuff loaded up. The whole scheme is similar to buying a toy from the store, then having the store lend you money to buy another toy… ad infinitum: hardly a sensible long-term plan for financial solvency.

Read moreThe Greatest Economic Collapse Is Coming

British economy heads towards bigger annual crash than in the depths of the Great Depression

10p tax hike needed to rescue British economy as MPs attack Darling’s ‘optimistic’ forecast


Prayers: Gordon Brown should be worried with GDP slumping by more than 4.6 per cent, says national economic think-tank

Huge tax rises may be needed to rescue the British economy as it heads towards a bigger annual crash than in the depths of the Great Depression, a respected forecasting group warns today.

The plunge in national output would require the Treasury to raise an extra £42billion – the equivalent of a 9-10p in the pound rise in the basic income tax rate.

Alternatively, workers could be required to work until they are 70.

Gross domestic product could slump by more than 4.6 per cent this year, exceeding the decline recorded in 1931 when Labour’s Ramsay Mac-Donald was prime minister, according to the National Institute of Economic and Social Research.

Related articles:
UK economy shrinking at fastest since 1931 (Financial Times):
“The economy is expected to decline more sharply in 2009 than at any time since 1931 and is already contracting faster than in the early 1930s, according to the National Institute for Economic and Social Research.”

Britons face working until 70 to help bring public debt under control (Telegraph)

Such a catastrophic fall would further erode government revenues and drive unemployment through the three million mark.

Read moreBritish economy heads towards bigger annual crash than in the depths of the Great Depression

US: Large uptick in first-time delinquent income taxpayers

WASHINGTON, April 14 (Reuters) – As a deep recession strips Americans of their jobs, homes and investments, the 2009 U.S. tax season promises to see a large uptick in first-time delinquent income taxpayers.

“Our calls are up 280 percent,” said Richard Boggs, founder and chief executive of Los Angeles-based Nationwide Tax Relief, a firm that helps delinquent taxpayers resolve tax issues.

“We’ve seen a huge rise in what we call the rookie delinquent taxpayer,” he said. “They are incredibly scared, and they have no idea what’s going to happen to them because, God bless them, they’ve never owed before.”

Read moreUS: Large uptick in first-time delinquent income taxpayers

Lord Myners hid his money in tax haven

Myners financial papers (PDF) 1 / 2 / 3

LORD MYNERS, the minister in charge of the government’s assault on tax havens, has used a blind trust to conceal £250,000 of his own money in an offshore shelter.

Details of the secret holding have been obtained by The Sunday Times as G20 leaders gather in London pledging to stamp out tax abuses.

Myners transferred 500,000 of his own shares in the Ermitage hedge fund, based in Jersey, into a blind trust when he became a minister in October.

MPs described the holding as “blatant hypocrisy” and said it would undermine the credibility of Gordon Brown’s offensive on tax avoidance.

Read moreLord Myners hid his money in tax haven

Barclays Bank leaked memos

Infinite Unknown reader Dave has sent this important information.


Barclays Bank gags Guardian over leaked memos detailing offshore tax scam, 16 Mar 2009

March 17, 2009

Download from
fast site, current site, Sweden, US, Latvia, Slovakia, UK, Finland, Netherlands, Poland, Tonga, Europe, SSL, Tor

Summary

On Monday 16th March 2009, The Guardian newspaper in the United Kingdom published a series of leaked memos from the banking giant Barclays, together with the article:

http://www.guardian.co.uk/business/2009/mar/16/revenue-investigates-barclays-tax-mole-claims

The next day, these documents were removed from The Guardian web archive, as a result of a court injunction obtained in the middle of the night:

http://www.guardian.co.uk/business/2009/mar/17/barclays-guardian-injunction-tax
Barclays’ lawyers, Freshfields, worked into the early hours to force the Guardian to remove the documents from the website. They argued that the documents were the property of Barclays and could only have been leaked by someone who acquired them wrongfully and in breach of confidentiality agreements.
The Guardian’s solicitor, Geraldine Proudler, was woken by the judge at 2am and asked to argue the Guardian’s case by telephone. Around 2.31am, Mr Justice Ouseley issued an order for the documents to be removed from the Guardian’s website.

The documents are copies of alleged internal memos from within Barclays Bank. They were sent by an anonymous whistleblower to Vince Cable, Liberal-Democrat shadow chancellor. The documents reveal a number of elaborate international tax avoidance schemes by the SCM (Structured Capital Markets) division of Barclays.

According to these documents, Barclays has been systematically assisting clients to avoid huge amounts of tax they should be liable for across multiple jurisdictions.

A commentator to the Financial Times stated:

I was lucky enough to read through the first of the Barclays documents…
I will say it was absolutely breathtaking, extraordinary. The depth of deceit, connivance and deliberate, artificial avoidance stunned me. The intricacy and artificiality of the scheme deeply was absolutely evident, as was the fact that the knew exactly what they were doing and why: to get money from one point in London to another without paying tax, via about 10 offshore companies. Simple, deliberate outcome, clearly stated, with the exact names of who was doing this, and no other purpose.
Until now I have been a supporter of the finance industry – I work with people there regularly and respect many of them, and greatly enjoy the Financial Times and other financial papers. However this has shone a light on something for me, and made me certain that these people belong in jail, and companies like Barclays deserve to be bankrupt. They have robbed everyone of us, every single person who pays tax or who will ever pay tax in this country (and other countries!), through both the bailouts and schemes such as this.

Read moreBarclays Bank leaked memos

Barclays Banksters Gag Guardian Over Tax

Download the memos here: Barclays Bank leaked memos
Infinite Unknown reader Dave has sent this important information.


Injunction forces news website to remove seven leaked memos showing how bank avoided hundreds of millions of pounds in tax

Barclays Bank obtained a court order early today banning the Guardian from publishing documents which showed how the bank set up companies to avoid hundreds of millions of pounds in tax.

The gagging order was granted by Mr Justice Ouseley after Barclays complained about seven documents on the Guardian’s website which had been leaked to the Liberal Democrats’ deputy leader, Vince Cable.

The internal Barclays memos – leaked by a Barclays whistleblower – showed executives from SCM, Barclays’s structured capital markets division, seeking approval for a 2007 plan to sink more than $16bn (£11.4bn) into US loans.

Tax benefits were to be generated by an elaborate circuit of Cayman islands companies, US partnerships and Luxembourg subsidiaries.

The documents had been leaked to Cable by a former employee of the bank, who wrote a long account of how the bank works.

The anonymous whistleblower wrote to Cable: “The last year has seen the global taxpayer having to rescue the global financial system. The taxpayer has already had a gun put to their head and been told to pay up or watch the financial system and life as we know it disappear into a black hole.

Read moreBarclays Banksters Gag Guardian Over Tax

The Obama Deception

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1:51:21 – 12.03.2009
Source: Google Video

19 Georgia lawmakers behind on taxes, state report says

Nineteen members of the state Legislature have failed to pay state and federal income taxes, some of them dating back to 2002, according to a Georgia Department of Revenue report given recently to legislative leaders.

The report on the alleged tax dodgers, with names and Social Security numbers redacted, has been forwarded to Republican and Democratic leaders of the state House of Representatives and Senate.

“Leaders of both parties have made it clear this will not be tolerated,” state Rep. Joe Wilkinson (R-Sandy Springs), chairman of the House Ethics Committee, said in an interview late Thursday night.

Wilkinson said House and Senate leaders are now discussing what should happen to the 16 House members and 3 senators in wake of the disclosure.

Read more19 Georgia lawmakers behind on taxes, state report says