We don’t have the power to regulate offshore banks. If you would like more regulating in the banking sector, then it is up to the British public to vote in a party that has more regulation in their manifesto. Currently, we have a government that is pro-business, and so that involves less regulation. t’s not our role to tell the politicians how to run the country – the people have voted in this government and we are accountable to the people. If the people want an alternative economic system they must vote in a party that also wants this and then we will do it.
Answered by: Bank of England
Where would offshore banking be? Bear in mind that, with the G20 absent, everything would be offshore banking!
Answered by: Financial Stability Board
- There is a lot of discussion about tax evasion and tax havens. Do you think there is any progress in this front? Are there any tangible examples?
- Are CUM EX share deals still happening, and why is/was it not illegal?
- Why can banks and financial investors involved in CUM EX extract these huge amounts of tax money and nobody notices it?How did CUMEX deal go unnoticed for such a long time? What went wrong with the regulatory system that allowed this to go on?
- How come that company founders of small enterprises pay a lot of taxes when at the same time large groups (especially in the digital industry) generating billions in sales pay very little?
- What is the tax on investment income compared to the tax on labour income in European countries?
- Why is the Tobin tax not introduced yet?