- Austrian Empire: Crown of Rudolf II, Holy Roman Emperor
- German Empire: German State Crown
- Russian Empire: Great Imperial Crown
- Kingdom of Hungary: Holy Crown of Saint Stephen
- German Empire: Crown of the German Empress
- Kingdom of Bohemia: Crown of St. Wenceslas
- Kingdom of Prussia: Crown of Wilhelm II
- German Empire: Crown of the Crown Prince
- Kingdom of Bavaria: Royal crown of Bavaria
- United Kingdom: Crown of St. Edward
- United Kingdom: Crown of Queen Victoria
- Kingdom of Italy: Royal crown of Italy
- Archduchy of Austria: Archducal coronet
- Kingdom of Sweden: Crown of the Swedish Crown Prince
- Kingdom of Romania: Steel Crown of Romania
… To avoid criminal prosecution, HSBC admitted Tuesday that it laundered more than $800 million for Mexican drug cartels, and covered up illegal transactions for Burma, Iran, Sudan, Cuba, and Libya. …
Use drugs, go to jail. Sell drugs on the street, go to jail. Work at the top of an entire criminal enterprise, free pass.
Lesson: If you’re poor, you’re going to jail. If you’re rich, we can work out a deal.
* HSBC Holdings plc (akas HSBC) is a British multinational banking & financial services company headquartered in London, England.
As of 2012, it was the world’s 3rd-largest publicly held bank and 6th-largest public company, according to a composite measure by FORBES magazine.
HSBC serves around 60 million customers through 4 Global Businesses. [including the wealth of dictators, drug cartels, and rebels.]
THE SYSTEM IS BROKEN. HOWEVER IF YOU’RE RICH THEN YOU CAN MAKE A FORTUNE FROM ITS LOOPHOLES. IF NOT, THEN YOU’RE A DISPENSABLE COMMODITY.
Wake up, the system is here to stay if you don’t.
* Led Zeppelin
* The Tower of London, U.K.
Artist - Paul Insect (UK) // install in East Manchester
Brandalism: ’taking the piss with a point’
- Dr.D, 2012
The Brandalism project saw 25 artists from 8 countries coming together for the biggest subvertising campaign in UK history. Over five days a team of guerilla installers travelled to Manchester, Birmingham, Leeds, Bristol and London and put up artworks that seeks to confront the ad industry and take back our visual landscapes.
In July and August this year Stratford, East London, will become a temporary tax haven.
Millions of pounds will be channelled through foreign subsidiary companies operating in the area before it leaves these shores for the pockets of shareholders and CEOs the world over.
How is this possible in a country like the UK you might ask?
The sad fact is that enacting tax avoidance legislation has now become a criteria for hosting international competitions such as the Olympics.
Big name athletes such as Usain Bolt (along with the organisers) have applied pressure to potential host nations to ensure that winnings (and profits) are not taxed. (8)
Without these tax sweeteners the IOC would simply take their corporate circus elsewhere and so begins a race to the bottom in a bidding process that echoes the offshore system. New tax rules ushered in as part of the winning Team GB bid include ‘a temporary exemption from UK Corporation Tax and UK Income Tax for certain non-resident companies’. (1)
The legislation is written to include ‘partner’ organisations such as McDonald’s and Visa. Both, along with other ‘partners’, look set to make a tax-free fortune. The former will have a near monopoly on food vending and the latter a total monopoly on venue and ticket payment methods.
The HMRC says “For the purpose of this exemption a London 2012 Partner is an organisation (known as a Commercial Delivery Partner) that is supplying services to LOCOG in return for the right to market and advertise themselves or their products for commercial purposes by reference to their association with the Games. It includes a company connected with the Commercial Delivery Partner.” (1)
The new legislation also exempts all foreign nationals working on the games in the UK from paying income tax on any earnings. Thousands will be exempt from taxation from competitors to media workers (including journalists, technicians and producers) to representatives of official Games bodies and technical officials (including judges, referees and classifiers) along with the athletes themselves.
Many of the corporate sponsors are no stranger to the more traditional tax havens. The table below shows the 18 partner companies and the subsidiaries they have in tax havens. The long list contains all the usual suspects such as the Cayman Islands, Jersey and the British Virgin Islands. General Electric’s list of subsidiaries was most interesting. It included 71 subsidiaries listed in just one building in Ireland! Only one of the partner organisations, British Airways, appeared not to have subsidiaries registered in any tax havens.
It is also worth mentioning that several of the companies, including Visa, Coca-Cola and Dow, have subsidiaries incorporated in Delaware, and two – Samsung and Acer – are now using export processing zones in China. The new legislation also exempts all foreign nationals working on the games.