Transatlantic Trade War

BERLIN/WASHINGTON (Own report) – In the looming trade war between the EU and the USA, Brussels is threatening to officially denounce the United States as a “tax haven.” The EU Commission is currently preparing this affront to the world power, following Washington’s strong criticism of Germany’s excessive trade surplus. In the six years, from 2010 to 2015 alone, this surplus has led to an outflow of nearly a quarter trillion euros to Germany from the United States because of the “grossly undervalued” euro, according to Trump’s trade advisor Peter Navarro. This has been confirmed by the Bundesbank’s recent analysis, showing that through its monetary policy the European Central Bank (ECB) has contributed to the euro’s undervaluation, which in turn has facilitated record German exports and the large US deficit. The trade conflict is flanked by a propaganda offensive against the Trump administration, exploiting the new US president’s racist and chauvinist policies to designate him as an enemy. This conflict could lead to the first major power struggle between Germany and the United States since 1945. Continue reading

Hammond’s threat to Europe: We’ll turn Britain into a TAX HAVEN if you try to ‘wound’ us in Brexit talks as he warns UK will do whatever it takes to ‘regain competitiveness’

Chancellor Philip Hammond said the UK would do whatever it takes to ‘regain competitiveness’ if it is denied a good trade deal

 

  • Chancellor says UK will do anything needed to stay competitive post-Brexit
  • Suggests corporation tax and red tape could be slashed to lure in business
  • Comes as Theresa May prepares to deliver speech setting out Brexit approach
  • Jeremy Corbyn accuses government of risking a ‘trade war’ with Europe

Philip Hammond has delivered a stark warning to the EU that Britain will slash taxes and battle for business if the bloc tries to ‘wound’ us in the looming Brexit talks.

The Chancellor said the UK would do whatever it takes to ‘regain competitiveness’ if it is denied a good trade deal.

The threat comes as Theresa May prepares to flesh out her plans for cutting ties with Brussels – making clear that she is ready to leave the European single market and customs union in order to regain control of immigration. Continue reading

Panama Papers Reveal Clinton’s Kremlin Connection

The Clinton communist ties are only shocking if you haven’t been paying attention. It was also raised as an issue in 1992 when The Southeast Missourian brought to light Bill’s visits to Moscow in 1969, when Russia was the Soviet Union. Their corruption and ties with Russia run deep, and have for decades.

 

The revelations of the so-called Panama Papers that are roiling the world’s political and financial elites this week include important facts about Team Clinton. This unprecedented trove of documents purloined from a shady Panama law firm that arranged tax havens, and perhaps money laundering, for the globe’s super-rich includes juicy insights into how Russia’s elite hides its ill-gotten wealth. Continue reading

Soros Hides Billions From U.S. Taxes

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Liberal billionaire George Soros has avoided paying billions in federal taxes by transferring assets to Ireland, a corporate tax haven, Bloomberg reported on Thursday.

Soros “had amassed $13.3 billion” by deferring taxes on fees paid by his hedge fund’s clients, according to Bloomberg. Efforts by U.S. lawmakers to close what some described as a loophole would have generated an additional $6.7 billion in tax revenue from Soros’ trading operation. Continue reading