The number of articles published by EUREKYS has now reached 160
The first articles appeared in 2010
All articles are related to Political, Social and Cultural Affairs IN BRITAIN TODAY.
The Ethos of EUREKYS has been to offer Positive Solutions to Problems facing the UK in the Second Decade of the 21st Century.
Wednesday 29 November 2017
WHO OWNS THE EU ?
WHO OWNS THE EU ?
THE CURRENT DIVORCE BILL IS ONE SIDED IN FAVOUR OF THE EU.
I have written many articles in the past about How to settle the so called " Divorce Bill " for the UK to pay the EU when it leaves the EU.
It seems to me that all we hear about is the EU charting what the UK had committed to, including years and years of Pension contributions.
But, what about What the EU owes us ?
This brings in the question....Who owns the EU assets and liabilities ?
In previous articles, I have questioned...Is it the EU Commission ?
Is it the Council of Ministers ? Is it the EU Parliament ?
No, it is owned pro rata by the 28 Member Nations. The ownership should be proportionate to the number of MEP each nation has.
This seems fair and democratic to me.
If I am right, the EU needs to present to the UK, monies due after the Divorce. In any Divorce, net assets are allocated to each partner according to need.
So, let me emphasise, the EU needs to present a list of net assets and to identify the share the UK should receive as payback.
These will include, audited accounts for......
1-Monies in the Banks
2-Investments
3-Present value of properties which the UK has paid towards
4-Loans to fellow EU Nations
5-Refund on UK MEP pension funds
6-Rebates due to UK up to leaving date in 2019 or later if a 2 year transition period is agreed. These payments will include Agriculture rebates, Education rebates and other contributions which the EU had agreed to pay in previous treaties.
These repayments to the UK should be deducted from the Divorce Bill !
So far, it seems like the UK are all give and the EU are all take.
It is time to start asking the EU Negotiators what their share of the Divorce Bill will be ? I guess their answer will be... Nothing.
Time will tell.
THE CURRENT DIVORCE BILL IS ONE SIDED IN FAVOUR OF THE EU.
I have written many articles in the past about How to settle the so called " Divorce Bill " for the UK to pay the EU when it leaves the EU.
It seems to me that all we hear about is the EU charting what the UK had committed to, including years and years of Pension contributions.
But, what about What the EU owes us ?
This brings in the question....Who owns the EU assets and liabilities ?
In previous articles, I have questioned...Is it the EU Commission ?
Is it the Council of Ministers ? Is it the EU Parliament ?
No, it is owned pro rata by the 28 Member Nations. The ownership should be proportionate to the number of MEP each nation has.
This seems fair and democratic to me.
If I am right, the EU needs to present to the UK, monies due after the Divorce. In any Divorce, net assets are allocated to each partner according to need.
So, let me emphasise, the EU needs to present a list of net assets and to identify the share the UK should receive as payback.
These will include, audited accounts for......
1-Monies in the Banks
2-Investments
3-Present value of properties which the UK has paid towards
4-Loans to fellow EU Nations
5-Refund on UK MEP pension funds
6-Rebates due to UK up to leaving date in 2019 or later if a 2 year transition period is agreed. These payments will include Agriculture rebates, Education rebates and other contributions which the EU had agreed to pay in previous treaties.
These repayments to the UK should be deducted from the Divorce Bill !
So far, it seems like the UK are all give and the EU are all take.
It is time to start asking the EU Negotiators what their share of the Divorce Bill will be ? I guess their answer will be... Nothing.
Time will tell.
Tuesday 7 November 2017
THE PARADISE PAPERS
THE PARADISE PAPERS
I do not wish to debate the pros and cons of the revelations from The Paradise Papers.
What I want to do is to suggest sone change in Government Policy which might help reduce
the scale of Tax Avoidance by the Rich and Global Companies.
1 - Any British citizen with a British Passport should pay Tax on earnings wherever it is deposited in the World.
2 - All income earned in the U.K. from earnings anywhere in the World, including Investment income or profits or Companies owned or part earned, should pay UK income tax.
3 - Profits earned by Companies in the UK should be pay UK corporations tax.
4 - Excessive Management charges to overseas companies to reduce e the tax burden should be illegal.
5 - Offshore tax heavens in British territories throughout the World such as Isle of Man, Jersey, Bermuda and others should be outlawed.
6 - A Wealth Tax of 10% of Capital Assets over £10 Million should be imposed by the Government.
7 - Assets owned by British citizens should pay the 10% Wealth Tax wherever these assets are in the World.
8 - It is outlawed for British citizens to establish companies to feed their earnings and assets into thereby reducing their personal tax burden. This includes Sole Traders.
You may not agree with all my recommendations but surely, they deserve a free and open debate in Parliament, The Media and the Public in general.
Otherwise, the rich and Companies will continue to get away with avoiding tax, possibly legally under present legislation for many years to come.
I do not wish to debate the pros and cons of the revelations from The Paradise Papers.
What I want to do is to suggest sone change in Government Policy which might help reduce
the scale of Tax Avoidance by the Rich and Global Companies.
1 - Any British citizen with a British Passport should pay Tax on earnings wherever it is deposited in the World.
2 - All income earned in the U.K. from earnings anywhere in the World, including Investment income or profits or Companies owned or part earned, should pay UK income tax.
3 - Profits earned by Companies in the UK should be pay UK corporations tax.
4 - Excessive Management charges to overseas companies to reduce e the tax burden should be illegal.
5 - Offshore tax heavens in British territories throughout the World such as Isle of Man, Jersey, Bermuda and others should be outlawed.
6 - A Wealth Tax of 10% of Capital Assets over £10 Million should be imposed by the Government.
7 - Assets owned by British citizens should pay the 10% Wealth Tax wherever these assets are in the World.
8 - It is outlawed for British citizens to establish companies to feed their earnings and assets into thereby reducing their personal tax burden. This includes Sole Traders.
You may not agree with all my recommendations but surely, they deserve a free and open debate in Parliament, The Media and the Public in general.
Otherwise, the rich and Companies will continue to get away with avoiding tax, possibly legally under present legislation for many years to come.
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