IoM

2363 days ago

Tom Winnifrith Bearcast: as a former tax dodger in the Isle of Man I can't say I'm shocked by the Paradise Papers

Of course when I was a crony capitalist I spent a couple of years in the Isle of Man with its progressive tax system.  That was all legit, it is called tax avoidance (legal) not tax evasion (illegal) but it is clear that the IOM facilitates a stack of illegal tax evasion. I am not shocked by the Paradise Papers revelations on this and explain why. Elsewhere there is follow on work on Totally (TLY) looking at more red flags and the vanity of sales, then coverage of Red Emperor (RMP) and P:aragon Entertainment (PEL)

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3331 days ago

A week of hell with Barclays Bank – are all banks as useless as each other?

Nominally I have a premium account with Barclays Wealth International in the Isle of Man. Given how most of its customers are multi-millionaire tax dodgers my tiny account (balance on Monday 90p because Darren forgot to pay me in full last month) must be a bit of an anomaly but still I am meant to get a premium service. If that is the case God help the rest of you with a “standard service”

After 30 minutes on the phone on Monday I had established why the ATM was refusing to give me cash. I said thank you and did not actually need to use the card again until Friday lunchtime when knowing that I had at least £600 (thanks to Darren paying and reclaiming an annual fee taken without my wish by Amazon) I offered to buy a bloke lunch. I was declined.

Kindly he paid but I shall repay him £68.40 at a later date. I insist. 

On returning home I called Courtney my account manager in the IoM. 

“Why are you calling me

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