Cempaka Business and Economy: Fuad Welcomes Tax Haven Transparency

"A Summary" – Apr 2, 2011 (Kryon channelled by Lee Carroll) (Subjects: Religion, Shift of Human Consciousness, 2012, Intelligent/Benevolent Design, EU, South America, 5 Currencies, Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Middle East, Internet, Israel, Dictators, Palestine, US, Japan (Quake/Tsunami Disasters , People, Society ...), Nuclear Power Revealed, Hydro Power, Geothermal Power, Moon, Financial Institutes (Recession, Realign integrity values ..) , China, North Korea, Global Unity,..... etc.) - (Text version)

"The Timing of the Great Shift" – Mar 21, 2009 (Kryon channelled by Lee Carroll) - (Text version)

“ … Here is another one. A change in what Human nature will allow for government. "Careful, Kryon, don't talk about politics. You'll get in trouble." I won't get in trouble. I'm going to tell you to watch for leadership that cares about you. "You mean politics is going to change?" It already has. It's beginning. Watch for it. You're going to see a total phase-out of old energy dictatorships eventually. The potential is that you're going to see that before 2013.
They're going to fall over, you know, because the energy of the population will not sustain an old energy leader ..."

"Update on Current Events" – Jul 23, 2011 (Kryon channelled by Lee Carroll) - (Subjects: The Humanization of God, Gaia, Shift of Human Consciousness, 2012, Benevolent Design, Financial Institutes (Recession, System to Change ...), Water Cycle (Heat up, Mini Ice Ace, Oceans, Fish, Earthquakes ..), Nuclear Power Revealed, Geothermal Power, Hydro Power, Drinking Water from Seawater, No need for Oil as Much, Middle East in Peace, Persia/Iran Uprising, Muhammad, Israel, DNA, Two Dictators to fall soon, Africa, China, (Old) Souls, Species to go, Whales to Humans, Global Unity,..... etc.)

"The Recalibration of Awareness – Apr 20/21, 2012 (Kryon channeled by Lee Carroll) (Subjects: Old Energy, Recalibration Lectures, God / Creator, Religions/Spiritual systems (Catholic Church, Priests/Nun’s, Worship, John Paul Pope, Women in the Church otherwise church will go, Current Pope won’t do it), Middle East, Jews, Governments will change (Internet, Media, Democracies, Dictators, North Korea, Nations voted at once), Integrity (Businesses, Tobacco Companies, Bankers/ Financial Institutes, Pharmaceutical company to collapse), Illuminati (Started in Greece, with Shipping, Financial markets, Stock markets, Pharmaceutical money (fund to build Africa, to develop)), Shift of Human Consciousness, (Old) Souls, Women, Masters to/already come back, Global Unity.... etc.) - (Text version)

“… The Shift in Human Nature

You're starting to see integrity change. Awareness recalibrates integrity, and the Human Being who would sit there and take advantage of another Human Being in an old energy would never do it in a new energy. The reason? It will become intuitive, so this is a shift in Human Nature as well, for in the past you have assumed that people take advantage of people first and integrity comes later. That's just ordinary Human nature.

In the past, Human nature expressed within governments worked like this: If you were stronger than the other one, you simply conquered them. If you were strong, it was an invitation to conquer. If you were weak, it was an invitation to be conquered. No one even thought about it. It was the way of things. The bigger you could have your armies, the better they would do when you sent them out to conquer. That's not how you think today. Did you notice?

Any country that thinks this way today will not survive, for humanity has discovered that the world goes far better by putting things together instead of tearing them apart. The new energy puts the weak and strong together in ways that make sense and that have integrity. Take a look at what happened to some of the businesses in this great land (USA). Up to 30 years ago, when you started realizing some of them didn't have integrity, you eliminated them. What happened to the tobacco companies when you realized they were knowingly addicting your children? Today, they still sell their products to less-aware countries, but that will also change.

What did you do a few years ago when you realized that your bankers were actually selling you homes that they knew you couldn't pay for later? They were walking away, smiling greedily, not thinking about the heartbreak that was to follow when a life's dream would be lost. Dear American, you are in a recession. However, this is like when you prune a tree and cut back the branches. When the tree grows back, you've got control and the branches will grow bigger and stronger than they were before, without the greed factor. Then, if you don't like the way it grows back, you'll prune it again! I tell you this because awareness is now in control of big money. It's right before your eyes, what you're doing. But fear often rules. …”

Monday, June 17, 2013

Fuad Welcomes Tax Haven Transparency

Jakarta Globe, By Dion Bisara, June 17, 2013

Fuad Rahmany, director general of tax in the Finance Ministry, is
skeptical about tax havens giving up their privileges. (GA Photo/Defrizal)

An Indonesian official applauded tax haven countries joining an agreement on international tax transparency. But he said developed countries needed to do more to altogether eliminate the unfair tax advantages some jurisdictions enjoy.

Fuad Rahmany, director general of tax in the Finance Ministry, said the convention made it easier for his office to search for offshore accounts belonging to Indonesian nationals.

“There is progress because of tax haven jurisdictions wanting to join the convention,” Fuad Rahmany told the Jakarta Globe on Sunday.

Fuad’s comment came after ten territories and self-governing regions tied to Great Britain agreed on Saturday to sign a convention known as the Mutual Assistance in Tax Matters, to which more that 50 countries have acceded, including Indonesia.

The cooperation of Bermuda, the British Virgin Islands, the Cayman Islands, Gibraltar, Anguilla, Montserrat, the Turks and Caicos Islands, Jersey, Guernsey and the Isle of Man was secured as part of British Prime Minister David Cameron’s push to close global tax loopholes ahead of the G8 summit in Northern Ireland from June 17-18.

Still, Fuad was a little sceptical that the offshore investment destinations would give up their privileges so easily.

“What I really want to know is that those jurisdiction really have good intentions in signing the agreement, because [offshore tax advantages] have [thus far] been their only selling point,” Fuad said.

“For me, the most important thing is in the implementation,” he said.

“It would be meaningless if [their intention is] to release so little information that we cannot draw any conclusions from it.”

Fuad said he wants developed countries to make a concerted effort to eliminate tax abuses entirely. “I want them closed down. The world will be fairer and more transparent if such jurisdictions, where paper companies are listed, are gone,” he said.

Developed jointly by the Council of Europe and the Organization of Economic Cooperation and Development in the beginning in 1988, the convention is designed to help tax authorities tackle tax evasion and avoidance, while respecting the fundamental rights of taxpayers.

The cooperation includes automatic exchange of information, simultaneous tax examinations and international assistance in the collection of tax debts.

Indonesia signed the convention in 2011, but has yet to ratify it.

This year the Indonesian government has seen tax revenues fall due to plummeting commodity prices.

The tax revenue target in the government’s revised 2013 budget was adjusted downward to Rp 1,148 trillion ($116 million) from Rp 1,193 trillion originally.

Fuad said it was likely that Indonesian companies were among those with funds stashed in tax havens — money the government needs.

Additional reporting by Reuters

Offshore Secrets

Related Articles:

Hundreds confess to tax office about secret foreign savings accounts

Andorra to introduce income tax for first time
Swiss strike bank deal with US over tax evasion
Singapore Boosts Measures Against Global Tax Cheats

Bermuda and UK territories sign anti-tax evasion deal
Austria to loosen bank secrecy laws within weeks
Luxembourg to ease the secrecy surrounding its banks
Australia to force multinationals to disclose tax arrangements

HMRC in offshore tax evasion crackdown after receiving fresh data
100 of UK's richest people concealing billions in offshore tax havens
G20 urges global community to end banking secrecy
Major EU countries to tackle tax havens

Dutch savers have €1.1bn in Luxemburg and Austria: tax office
France's President Hollande: Eradicate tax havens
Dutch MPs call for action on tax havens, plan should be ready by summer
EU deal to tackle mining corruption
French ministers to declare assets publicly

Gibraltar tries to lure London hedge fund bosses with promise of low taxes

The 'who's who' of European tax havens

Accountancy firms 'use knowledge of Treasury to help rich avoid tax' – MPs
The nation at the heart of the offshore scandal: Britain
Leaks reveal secrets of the rich who hide cash offshore

Dutch finance ministry denies Starbucks tax secrecy claims

Cempaka Business and Economy

Pages

Monday, June 17, 2013

Fuad Welcomes Tax Haven Transparency

No comments:

The Jakarta Post: Review/Outlook 2010