Comments on: Credit Crunch Thoughts http://www.moosealmighty.co.uk/banks/credit-crunch-thoughts/ Moose Almighty Sat, 24 Oct 2009 12:45:12 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Zoran http://www.moosealmighty.co.uk/banks/credit-crunch-thoughts/comment-page-1/#comment-298 Zoran Mon, 23 Mar 2009 08:07:00 +0000 http://www.moosealmighty.co.uk/?p=107#comment-298 Hi, www.moosealmighty.co.uk - da best. Keep it going! Thanks Zoran Hi,
http://www.moosealmighty.co.uk – da best. Keep it going!

Thanks
Zoran

]]> By: GBB http://www.moosealmighty.co.uk/banks/credit-crunch-thoughts/comment-page-1/#comment-236 GBB Mon, 24 Nov 2008 10:22:02 +0000 http://www.moosealmighty.co.uk/?p=107#comment-236 I am a Tory, but Cameron and Osborne sorting this out - I don't think so! I am a Tory, but Cameron and Osborne sorting this out – I don’t think so!

]]> By: Moose http://www.moosealmighty.co.uk/banks/credit-crunch-thoughts/comment-page-1/#comment-184 Moose Wed, 12 Nov 2008 09:33:35 +0000 http://www.moosealmighty.co.uk/?p=107#comment-184 Hi Ema, Thanks for clearing that up, but perhaps what I should have said was 'who the hell, who lives in the UK, puts ALL their life savings in ONE Icelandic internet bank, and why would all these councils jump on board with millions of our money?' Hi Ema,

Thanks for clearing that up, but perhaps what I should have said was ‘who the hell, who lives in the UK, puts ALL their life savings in ONE Icelandic internet bank, and why would all these councils jump on board with millions of our money?’

]]> By: Ema Broad http://www.moosealmighty.co.uk/banks/credit-crunch-thoughts/comment-page-1/#comment-183 Ema Broad Tue, 11 Nov 2008 20:19:02 +0000 http://www.moosealmighty.co.uk/?p=107#comment-183 Who the hell would put their life savings in an Icelandic bank for the sake of an extra .25% interest rate? It had nothing to do with interest rates - FYI Guernsey and Isle of Man savers were banking in their local high street banks! Expat Brits are not alllowed under the Money Laundering standards as defined by the guidelines of the Joint Money Laundering Steering Committee & FSA and interpreted by the banks themselves, to open a UK onshore bank account, so where else are we to put our UK life-savings and pensions?? While Darling. Brown and Cable trumpet about 'tax havens' it is this Government's regulatory bodies who prevent us from banking onshore. Of course, right now it is a very useful slander to justify the fact that these savers have been totally abandoned by Britain, in the public eye. Under the tax witholding provisions depositors living in UK or EU are taxed at source at 20% on the interest and, after a deduction by the relevant island this is transferred to the nation of residence: details of all savers are also passed to their respective government bodies. In the case of UK any adjustment to tax liability is then made via the end of year tax return. Those of us living elsewhere in the world are taxed on revenues from these savings, ie: global income, if we live in a direct taxation economy. I do hope that clears this up. Ema. Who the hell would put their life savings in an Icelandic bank for the sake of an extra .25% interest rate?
It had nothing to do with interest rates – FYI Guernsey and Isle of Man savers were banking in their local high street banks! Expat Brits are not alllowed under the Money Laundering standards as defined by the guidelines of the Joint Money Laundering Steering Committee & FSA and interpreted by the banks themselves, to open a UK onshore bank account, so where else are we to put our UK life-savings and pensions??
While Darling. Brown and Cable trumpet about ‘tax havens’ it is this Government’s regulatory bodies who prevent us from banking onshore. Of course, right now it is a very useful slander to justify the fact that these savers have been totally abandoned by Britain, in the public eye. Under the tax witholding provisions depositors living in UK or EU are taxed at source at 20% on the interest and, after a deduction by the relevant island this is transferred to the nation of residence: details of all savers are also passed to their respective government bodies. In the case of UK any adjustment to tax liability is then made via the end of year tax return. Those of us living elsewhere in the world are taxed on revenues from these savings, ie: global income, if we live in a direct taxation economy.
I do hope that clears this up.
Ema.

]]> By: Credit Crunch Thoughts | fixedinvest.com http://www.moosealmighty.co.uk/banks/credit-crunch-thoughts/comment-page-1/#comment-182 Credit Crunch Thoughts | fixedinvest.com Tue, 11 Nov 2008 18:42:48 +0000 http://www.moosealmighty.co.uk/?p=107#comment-182 [...] Here is the original post [...] [...] Here is the original post [...]

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