You can see from this Graphic where a Ms Tracy Anita Conroy lives and/or gives as a registered address, here in the UK
The Panama Papers come to Folkestone and that Ladies & Gentlemen is a Fact.
In mid Feb 2016 we Shepwayvox asked the question Who Is Tracy Anita Conroy?
Since then things have developed somewhat. Ms Conroy was mentioned in the offshore Lux Leaks of 2013, now she is mentioned in the Panama Papers too.
This time she is linked to companies in China , Russia and elsewhere and the companies of which she is either a shareholder, director or secretary have direct links to offshore companies via Panama and ultimately end up in the British Virgin Islands and other offshore entities.
Does anyone know Ms Tracy Anita Conroy? Did anyone go to school with her? Does anyone have any photo’s of Ms Conroy, if so please do get in contact at firstname.lastname@example.org.
On Thursday 12/05/16 David Cameron will hold a Tax Haven Summit in London, to attempt to make them more transparent but we think that ultimately this will fail to deliver very much and the abuse will continue.
The best that can be hoped for is some sort of development on automatic information exchange on beneficial ownership but that this will, like tax information exchange, be decidedly off the record and for tax authorities and law enforcement agencies alone.
Let’s think about what this implies. In essence it means that the tax havens are demanding that they be required to comply with the reasonable expectation of transparency being made of them in secret. You really could not make that up.
It is best summed up by Richard Murphy
John 1: Good evening chief minister. I gather your state is a tax haven but you’ve now agreed to transparency.
John 2: Good evening. I resent the tax haven suggestion, but I do confirm that we will now be fully transparent, which is just what the world wants.
John 1: Oh good. When can I see all the data on who owns companies in your territory then?
John 2: Oh no, you won’t be able to do that.
John 1: But you just said you were going to be transparent.
John 2: And we will be from now on.
John 1 : So I can have the data then?
John 2: Oh no, that’s only going to your tax authority.
John 1: So I can ask them for the data instead?
John 2; Heaven’s above, no! They’re going to be bound by an international agreement not to disclose it and anyway it is taxpayer confidential so they couldn’t possibly share it.
John 1: Forgive me minister, but how is that transparent?
John 2: It’s transparent because we’re going to give data to your tax authority that we’ve done our very best to deny them to date.
John 1: But have you got the data?
John 2: As much as the UK has to give us.
John 1: And does the UK have the data to give you?
John 2: They are asking people for it, very nicely, if they wouldn’t mind doing so. But we don’t want it anyway.
John 1: Why not?
John 2: Because we don’t have taxes!
John 1: So you are a tax haven then?
John 2: Not that again. No of course we’re not a tax haven. We’re tax neutral.
John 1: Tax neutral?
John 2: Yes. We don’t have taxes and we don’t have prying eyes. Tax neutral: we’re indifferent to our taxes and yours.
John 1: So, back to transparency …
John 2: Must we?
John 1: What you are saying is you are going to be transparent behind closed doors?
John 2: Yes! Transparent in secret, if you like.
John 1: And we will have no way of knowing if data is really supplied?
John 2: Now that’s not fair. I promise we will send data.
John 1: But our tax authority won’t be able to tell us if it’s any use or not?
John 2: Spot on! Transparency in secret. It’s good, isn’t it?
John 1: Thank you minister.
There are legitimate uses for offshore companies and trusts. We do not intend to suggest or imply that any persons, companies or other entities have broken the law or otherwise acted improperly.