Mousey
Member of DD Central
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Post by Mousey on Feb 8, 2022 12:11:52 GMT
Those who place reliance on Companies House may find the following company of interest: MI5ER LTDPreviously known as MI5ER SCR00GE SPYPRIEST THE GREAT AND TERRIBLE LTD its directors have included: A 'James Bond' whose occupation is 'Security Controller'. A 'Lord Jesus Truman Hell Christ', 43 of Bradford And a corporate director called 'War Trumpet ltd' whose correspondence address is listed as "Adolf Tooth Fairy Hitler, 513 Tong Street," Lord Sikka, a labour life peer in the House of Lords recently asked "Her Majesty's Government what checks were made by Companies House to establish the authenticity of a director or secretary of the company MI5ER SCR00GE SPYPRIEST THE GREAT AND TERRIBLE LTD, who gave his name as "James Bond" and stated his occupation to be "Security Controller"." Lord Callanan replied yesterday - " We are unable to comment on individual cases." Before adding: "We announced plans to reform Companies House in September 2020, and in 2021 we consulted on more detailed aspects of the reforms, and we will respond soon. The Government’s plans will deliver significant improvements to the integrity of the UK’s register of companies and assist greatly in the fight against economic crime.
When parliamentary time allows, the Government intends to bring forward legislation to give the Registrar greater powers to check information before it is registered and to verify the identity of directors, People with Significant Control and those filing on behalf of a company." |
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
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Post by ilmoro on Feb 8, 2022 12:27:01 GMT
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Post by Deleted on Feb 8, 2022 16:33:36 GMT
I once stumbled onto one of these multi-company people by mistake as he owned a house next to one I wanted to buy. Part of my due diligence is to check the neighbours and there he was, over 200 businesses being run out of a semi, all with the same three directors.
Now I would think that ought to raise a slight enquiry amongst research accountants
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duck
Member of DD Central
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Post by duck on Feb 9, 2022 8:08:45 GMT
Don't forget Companies House only employs half a dozen people, it's register is about as accurate as the FCA's Interim Permissions register was. Reform of the Companies House register was due to be part of the Economic Crime Bill .......... but unfortunately the G'ment hasn't found time for it for the last 4 years. Dirty money, nah can't be bothered. |
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Post by bernythedolt on Feb 9, 2022 12:44:47 GMT
FT reported in December that money laundering costs our economy a whopping £100bn every year and that >900 UK shell companies lie behind it. Article by Andrew Mitchell MP, so government are well aware, but seemingly doing little about it. £100 billion a year! With hindsight, all that Brexit energy would have been far better directed at this problem.
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aj
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Post by aj on Feb 9, 2022 15:54:40 GMT
FT reported in December that money laundering costs our economy a whopping £100bn every year and that >900 UK shell companies lie behind it. Article by Andrew Mitchell MP, so government are well aware, but seemingly doing little about it. £100 billion a year! With hindsight, all that Brexit energy would have been far better directed at this problem. Look at it another way, the UK and its British overseas territories tax havens are global leaders in money laundering! Just think what might happen to the prices of London mansions if not for the ease and anonymity of owning them with dodgy shell companies? How much of a hit would exotic car dealerships, country clubs and yacht brokers take if spending dirty money was an issue here? Our pro-corruption polices mean more proceeds of crime are coming into the British economy than are being siphoned off, I call it 'trickle down corruption'.
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james100
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Post by james100 on Feb 9, 2022 17:13:07 GMT
FT reported in December that money laundering costs our economy a whopping £100bn every year and that >900 UK shell companies lie behind it. Article by Andrew Mitchell MP, so government are well aware, but seemingly doing little about it. £100 billion a year! With hindsight, all that Brexit energy would have been far better directed at this problem. Look at it another way, the UK and its British overseas territories tax havens are global leaders in money laundering! Just think what might happen to the prices of London mansions if not for the ease and anonymity of owning them with dodgy shell companies? How much of a hit would exotic car dealerships, country clubs and yacht brokers take if spending dirty money was an issue here? Our pro-corruption polices mean more proceeds of crime are coming into the British economy than are being siphoned off, I call it 'trickle down corruption'. Yes to all that. Goes hand in hand with our being the tax dodging and financial opacity HQ of the world. Resisting reformation at every turn. Selling off citizenship to any wealthy human who's got 2M to spare, the fewer criminal checks the better, and enrolling them in an unusually generous non-dom tax system. In P2P we absolutely pay the price for that too...as our lent money is squirreled away just out of reach, not only in the overseas territories in anonymous bank accounts but through legal UK-based constructions permitting phoenixing and the rest. Digging into the details of a few of the biggest p2p scam artists suggests some spent a whole load more effort on their international holding structures than property development that is for sure. Shame about Brexit in this respect, since it pulled us out of the EU Anti Tax Avoidance legislation (presented in January 2016 for implementation January 2019). That would have discouraged much of it including the most egregious BEPS and asset "relocation" activities. Whilst I accept that many people had genuine, heartfelt reasons for voting for Brexit, I absolutely believe that the political thrust behind "Leave" was motivated by the wish to appease people who stood to lose from a crackdown on our "UK-legal" offshore Tax Avoidance loopholes (with bashing sterling being the icing on the cake). Just my opinion, and I find it sad when we have so many people and public services struggling financially.
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,877
Likes: 11,099
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Post by ilmoro on Feb 9, 2022 18:11:18 GMT
Look at it another way, the UK and its British overseas territories tax havens are global leaders in money laundering! Just think what might happen to the prices of London mansions if not for the ease and anonymity of owning them with dodgy shell companies? How much of a hit would exotic car dealerships, country clubs and yacht brokers take if spending dirty money was an issue here? Our pro-corruption polices mean more proceeds of crime are coming into the British economy than are being siphoned off, I call it 'trickle down corruption'. Yes to all that. Goes hand in hand with our being the tax dodging and financial opacity HQ of the world. Resisting reformation at every turn. Selling off citizenship to any wealthy human who's got 2M to spare, the fewer criminal checks the better, and enrolling them in an unusually generous non-dom tax system. In P2P we absolutely pay the price for that too...as our lent money is squirreled away just out of reach, not only in the overseas territories in anonymous bank accounts but through legal UK-based constructions permitting phoenixing and the rest. Digging into the details of a few of the biggest p2p scam artists suggests some spent a whole load more effort on their international holding structures than property development that is for sure. Shame about Brexit in this respect, since it pulled us out of the EU Anti Tax Avoidance legislation (presented in January 2016 for implementation January 2019). That would have discouraged much of it including the most egregious BEPS and asset "relocation" activities. Whilst I accept that many people had genuine, heartfelt reasons for voting for Brexit, I absolutely believe that the political thrust behind "Leave" was motivated by the wish to appease people who stood to lose from a crackdown on our "UK-legal" offshore Tax Avoidance loopholes (with bashing sterling being the icing on the cake). Just my opinion, and I find it sad when we have so many people and public services struggling financially. Unfortunately it appears actually incorrect and fake news ... ATAD is nearly all part of UK law www.bbc.co.uk/news/50168357
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Post by bernythedolt on Feb 9, 2022 18:30:02 GMT
FT reported in December that money laundering costs our economy a whopping £100bn every year and that >900 UK shell companies lie behind it. Article by Andrew Mitchell MP, so government are well aware, but seemingly doing little about it. £100 billion a year! With hindsight, all that Brexit energy would have been far better directed at this problem. Look at it another way, the UK and its British overseas territories tax havens are global leaders in money laundering! Just think what might happen to the prices of London mansions if not for the ease and anonymity of owning them with dodgy shell companies? How much of a hit would exotic car dealerships, country clubs and yacht brokers take if spending dirty money was an issue here? Our pro-corruption polices mean more proceeds of crime are coming into the British economy than are being siphoned off, I call it 'trickle down corruption'.Funnily enough, I was going to ask this perhaps naive question, but decided to post the FT article instead. I'm no economist, but... if a country (like China) works desperately to stop its currency leaving its shores, why doesn't the corollary follow that another country (like UK) would positively welcome that same currency coming in? Is the UK tacitly supporting this stuff while pretending to abhor it?
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james100
Member of DD Central
Posts: 992
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Post by james100 on Feb 9, 2022 18:36:27 GMT
Yes to all that. Goes hand in hand with our being the tax dodging and financial opacity HQ of the world. Resisting reformation at every turn. Selling off citizenship to any wealthy human who's got 2M to spare, the fewer criminal checks the better, and enrolling them in an unusually generous non-dom tax system. In P2P we absolutely pay the price for that too...as our lent money is squirreled away just out of reach, not only in the overseas territories in anonymous bank accounts but through legal UK-based constructions permitting phoenixing and the rest. Digging into the details of a few of the biggest p2p scam artists suggests some spent a whole load more effort on their international holding structures than property development that is for sure. Shame about Brexit in this respect, since it pulled us out of the EU Anti Tax Avoidance legislation (presented in January 2016 for implementation January 2019). That would have discouraged much of it including the most egregious BEPS and asset "relocation" activities. Whilst I accept that many people had genuine, heartfelt reasons for voting for Brexit, I absolutely believe that the political thrust behind "Leave" was motivated by the wish to appease people who stood to lose from a crackdown on our "UK-legal" offshore Tax Avoidance loopholes (with bashing sterling being the icing on the cake). Just my opinion, and I find it sad when we have so many people and public services struggling financially. Unfortunately it appears actually incorrect and fake news ... ATAD is nearly all part of UK law www.bbc.co.uk/news/50168357Thanks for the link. For the EU one (https://ec.europa.eu/taxation_customs/anti-tax-avoidance-directive_en) although there is overlap with the UK ATAD measures I did not think they were identical. Certainly, the level of reporting and action taken seems to be different and perhaps that's all that really matters (I did tend to believe the Brexit theory due so much support from offshore supporters / donors like Ashcroft, Banks etc.)
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