🚀 go-pugleaf

On 29 Sep 2006 08:44:47 -0700, "RafaMinu" <rafaminu@hotmail.com>
wrote:

>The companies based in Gibraltar, home to 28,000 people, are exempt
>from taxes

Not true.

>the authorities allow account holders to maintain anonymity.

Not true, see www.fsc.gi

>These rules explain why there are more than six companies
>per inhabitant 

Also not true, you have no data for the number of companies

>of the island 

Geography lesson needed.

Noman is an island, Gibraltar is not

>and most are registered there for the only purpose of opening bank accounts.

Uh no.

>Back in 2002, Spanish judge Baltasar Garz�n run up against the
>airtight secrecy of authorities in Gibraltar, which ultimately
>frustrated his campaign of investigations into alleged money
>laundering, tax evasion and embezzlement of funds, and even possible
>blackmail payments to the illegal Basque organisation ETA. Garz�n did
>not received solid responses to his formal requests for information
>from Gibraltar while investigating the opening of secret accounts and
>movement of funds.

He never made any.

>The cooperation of Gibraltar with the Guardia Civil has also been
>traditionally nil

Thats not what they say.  

>There has been no cooperation with UK or Gibraltar authorities as
>regards to all the 'anti money-laundering' operations that have been
>taking place in the past years.

How strange that everyone says that Gibraltar is a model jurisdiction.
--
Jim Watt          
http://www.gibnet.com