Zitto’s letter to Cameron over dirty Swiss billions

BAK

JF-Expert Member
Feb 11, 2007
99,363
2,000
By Citizen Reporter
Posted Tuesday, May 28 2013 at 22:12

In Summary

•I call on you to demonstrate your leadership at the (G8) Summit by putting in place aggressive sanctions against British Overseas Territories and Crown Dependencies which continue to provide cover for the siphoning of billions of dollars of our tax revenue.

Dar es Salaam. Shadow Minister for Finance Zitto Kabwe (Kigoma North – Chadema) has written to British Prime Minister David Cameron asking for a review of his country's laws and those of other rich nations which make it impossible for African countries to fully investigate people who have stashed huge amounts of money in offshore accounts.

Mr Kabwe, who was among the first legislators to alert the government that there are numerous Tanzanians who have stashed dubiously acquired billions in foreign banks, has written Mr Cameron at the height of investigations by a special government appointed committee.

And in a related development, information reaching The Citizen indicates that the committee, formed after requests by Mr Kabwe to form a parliamentary one to probe the offshore accounts was turned down, has established that the amount of money held by Tanzanians in foreign accounts is actually more than what was reported earlier.

Sources privy to the information gathered by the committee have told The
Citizen that there is about $5.9 billion held by Tanzanians in foreign bank accounts, most of which was illegally obtained.

Some of this money is held in British Overseas Territories and Crown Dependencies. Tanzania and other developing countries in Africa have been finding it hard to peep into the accounts because of financial secrecy laws.In his letter, Mr Kabwe urges Mr Cameron to influence other rich nations to assist Tanzania and other poor countries to recover their stolen cash.

"I call on you to demonstrate your leadership at the (G8) Summit by putting in place aggressive sanctions against British Overseas Territories and Crown Dependencies which continue to provide cover for the siphoning of billions of dollars of our tax revenue," says Mr Kabwe in the letter he handed to the UK High Commissioner in Dar es Salaam on Monday.

The Kigoma North legislator, who also serves as deputy leader of Official Opposition in Parliament, was referring to 39th G8 Summit scheduled for Lough Erne, Northern Ireland in June.

Mr Kabwe, who also serves as Chadema deputy secretary general, said it would help Tanzania and other poor nations which have been affected by the vice if UK and other rich nations decide to enact laws for mandatory disclosure of details of accounts held in known tax havens.

"When a government has reasonable grounds to suspect that money held in certain jurisdictions is the proceeds of corruption, tax avoidance or other crimes by its citizens, disclosure should be mandatory in order to enable it recover the diverted funds," he insists.

Mr Kabwe, who chairs the Parliamentary Public Accounts Committee (PAC) said money held by few individuals in foreign banks is sometimes siphoned from development aid which the country receives from UK.

He said aid by UK and other development partners is dwarfed when the amount that Tanzania loses every year to tax evasion and aggressive tax avoidance is taken into account."To a large extent, these tax evasions and avoidance are done by multinational corporations, most of them registered in the United Kingdom. This is a constant challenge for our country – a challenge that undermines the same foundations of accountability that we are striving to strengthen and uphold," he says.

Information obtained by the committee formed by the government to look into offshore accounts has established that tax money which isn't collected from multinationals and ends up benefiting few individuals who assist the companies to avoid tax, accounts for 46 per cent of current domestic tax revenue.

Sources told The Citizen that, though in the beginning the government
indicated that investigating the matter was virtually impossible, there are encouraging signs from some of the countries.

Some of them have agreed to furnish the committee with vital information, including names of Tanzanians who hold accounts in their banks.

Some businessmen and politicians in the current and past governments have already been questioned by the committee and more have been summoned.

According to the Kabwe letter, a recent study produced by Global Financial Integrity (GFI) puts estimates of illicit financial flows out of all developing countries at between $858 billion and $1.06 trillion a year. For each $1 into Africa as development aid, $10 leaves illegally.

Experts argue that Africa is a net creditor to the world as there is more of Africa's money stashed offshore than the continent's total foreign debt.

The world must not allow this to continue. We must stop this by crushing these secrecy jurisdictions," urged Mr Kabwe in the letter, a copy of which was obtained by The Citizen. Current estimates puts the amount of money which Tanzania loses to tax avoidance at $560 million annually.

This amount, if put into use, could have otherwise improved Tanzania's infrastructure, education and health services translating into better standard of living for many. Further estimates also show that between 2002 and 2008, Tanzania lost around $2 billion through illicit money transfers including tax evasion, tax avoidance and corruption. The loss, according to Mr Kabwe, amounts to roughly five per cent of Tanzania's GDP.


 

Mystery

JF-Expert Member
Mar 8, 2012
13,491
2,000
Mmh...Kabwe"s mission,is most likely an impossible task,as the beneficiaries of those trillions of US dollars,which are stolen from African poor countries,are the same the powerful western countries!!
 

Sungurampole

JF-Expert Member
Nov 17, 2007
985
195
Bravo Zitto!
it is time to call a spade a spade, let the us hear the response of the prophets of democracy, Accountability and transparency. "He who is not with us he is indirectly against us"
 

mwekundu

JF-Expert Member
Mar 4, 2013
21,701
2,000
One step ahead zitti go go and fight for poor people never hesitate we are with U sick and tired of corrupted govt and leaders

Sent from my BlackBerry 9300 using JamiiForums
 

PakaJimmy

JF-Expert Member
Apr 29, 2009
16,216
1,500
There is this sickening fact that the Tanzanian government is completely dumb on this matter, leaving Zitto to spearhead such a huge and heart-touching issue on his personal endevours!

Even that so called Parliamentary committee will end up with no tangible conclusion, just as it has been the norm of such many past committees, which are teethless.
Zitto, go ahead, do anything under yr abilities, this whole matter is branded under your name as a leading fighter, so dont let yr name be tarnished, while simultaneously nudging millions of Tanzanians out of agony!
 
Last edited by a moderator:

Mutakyamirwa

JF-Expert Member
Jan 24, 2011
4,945
1,500
It' s a right move! Keeping silent to the saga means compliance with the corrupt gvt and being hypocrit. You are empowered, firstly by the positions you are in and secondly by the people' s power. In short, you have my individual support and for those around me.
 

NYADOGI

Senior Member
Apr 1, 2013
132
0
Bravo kabwe,the African countries must understand the role of chadema.chadema is for poor people and those who are indeed
 

MJIMPYA

JF-Expert Member
Mar 27, 2011
497
500
Ukoloni wa mawazo ni mbaya sana, eti anamwandikia Cameron!!

UK, Germany and the rest of Europe wanaangaika mpaka leo hawajaweza kuishawishi Uswiss iwape majina ya watu wao walioweka pesa Uswiss alafu ndo aje akusaidie wewe Zitto! Loh!

Nikipata muda nitaeleza vizuri hii issue ya offshore asset ili hawa wanasiasa wasitudanganye danganye kwa vitu wasivyovielewa hata wao!
 

Obama wa Bongo

JF-Expert Member
May 10, 2012
5,270
2,000
kuna dalili za m4c wakishika nchi ushoga utaalarishwaa!maana kila jambo lazima wawapelekee hawa wazungu wao!sasa wakiambiwa waoane siwatakbali tu bila shida
 

Manyi

JF-Expert Member
Dec 6, 2011
3,254
1,195
Though it is had to get a go ahead from SWISS to probe for investigation over the 'stolen' tax payers monies, but at least this is something better than nothing!.

Our Government has been so quite on this, leaving alone Mr. Kabwe's move to be on the front-line move over this saga. Off-course, this signifies that, they (the Government officials) know exactly who are these people.
 

mgomba101

JF-Expert Member
Oct 21, 2011
1,804
1,225
Shadow Minister for Finance Zitto Kabwe (Kigoma North – Chadema) has written to British Prime Minister David Cameron asking for a review of his country's laws and those of other rich nations which make it impossible for African countries to fully investigate people who have stashed huge amounts of money in offshore accounts.

Mr Kabwe, who was among the first legislators to alert the government that there are numerous Tanzanians who have stashed dubiously acquired billions in foreign banks, has written Mr Cameron at the height of investigations by a special government appointed committee.

And in a related development, information reaching The Citizen indicates that the committee, formed after requests by Mr Kabwe to form a parliamentary one to probe the offshore accounts was turned down, has established that the amount of money held by Tanzanians in foreign accounts is actually more than what was reported earlier.

Sources privy to the information gathered by the committee have told The Citizen that there is about $5.9 billion held by Tanzanians in foreign bank accounts, most of which was illegally obtained.

Some of this money is held in British Overseas Territories and Crown Dependencies. Tanzania and other developing countries in Africa have been finding it hard to peep into the accounts because of financial secrecy laws.

In his letter, Mr Kabwe urges Mr Cameron to influence other rich nations to assist Tanzania and other poor countries to recover their stolen cash.

"I call on you to demonstrate your leadership at the (G8) Summit by putting in place aggressive sanctions against British Overseas Territories and Crown Dependencies which continue to provide cover for the siphoning of billions of dollars of our tax revenue," says Mr Kabwe in the letter he handed to the UK High Commissioner in Dar es Salaam on Monday.

The Kigoma North legislator, who also serves as deputy leader of Official Opposition in Parliament, was referring to 39th G8 Summit scheduled for Lough Erne, Northern Ireland in June.

Mr Kabwe, who also serves as Chadema deputy secretary general, said it would help Tanzania and other poor nations which have been affected by the vice if UK and other rich nations decide to enact laws for mandatory disclosure of details of accounts held in known tax havens.

"When a government has reasonable grounds to suspect that money held in certain jurisdictions is the proceeds of corruption, tax avoidance or other crimes by its citizens, disclosure should be mandatory in order to enable it recover the diverted funds," he insists.

Mr Kabwe, who chairs the Parliamentary Public Accounts Committee (PAC) said money held by few individuals in foreign banks is sometimes siphoned from development aid which the country receives from UK.

He said aid by UK and other development partners is dwarfed when the amount that Tanzania loses every year to tax evasion and aggressive tax avoidance is taken into account.
 

George Smiley

JF-Expert Member
Oct 24, 2011
471
225
Hivi washauri wa Zitto ni akina nani? Anajua kama David Cameron na familia yake nao wamo kwenye mambo ya tax dodging?

I would have thought kuwa by now kwa Mbunge msomi kama Zitto would have know that there were far too many vested interests for shutting down tax havens to be possible. The UK and US control most of them - Jersey, Isle of Man, Bahamas, Caymans, Gibraltar are all quasi-UK dependencies, and the UK maintains the convenient fiction that they're independent and can't be interfered with while benefitting hugely from them.

Much of the business in the CITY OF LONDON involves transactions through these havens, and the City is too important to UK for the government to take it on. It just won't happen.

Perhaps I may remind Hon Zitto that Britain controls 10 of the 16 remaining colonies in the world. Since Britain is actually holding on to a prime collection of the world's tax havens, Cameron doesn't really mean to do anything about tax avoidance, except promote it. What's the point of, for example, Gibraltar, if not to promote tax avoidance? Admittedly, Cameron may be rather stern about non-British tax havens. It's a competitive business.

Cameron can't even stand up to his own backbenchers, he doesn't stand a chance with the City of London let alone respond to Zitto's letter.

Perhaps Zitto angetuambia ile mikataba 17 na serikali ya CHINA ina nini?
 

The Boss

JF-Expert Member
Aug 18, 2009
39,665
2,000
Halafu hii barua inaweza kum cost 2015
mafisadi wa nje na ndani wanaweza unite against him
hii inaweza kuwa kujipiga risasi mwenyewe pia...
 

MJIMPYA

JF-Expert Member
Mar 27, 2011
497
500
Hivi washauri wa Zitto ni akina nani? Anajua kama David Cameron na familia yake nao wamo kwenye mambo ya tax dodging?

I would have thought kuwa by now kwa Mbunge msomi kama Zitto would have know that there were far too many vested interests for shutting down tax havens to be possible. The UK and US control most of them - Jersey, Isle of Man, Bahamas, Caymans, Gibraltar are all quasi-UK dependencies, and the UK maintains the convenient fiction that they're independent and can't be interfered with while benefitting hugely from them.

Much of the business in the CITY OF LONDON involves transactions through these havens, and the City is too important to UK for the government to take it on. It just won't happen.

Perhaps I may remind Hon Zitto that Britain controls 10 of the 16 remaining colonies in the world. Since Britain is actually holding on to a prime collection of the world's tax havens, Cameron doesn't really mean to do anything about tax avoidance, except promote it. What's the point of, for example, Gibraltar, if not to promote tax avoidance? Admittedly, Cameron may be rather stern about non-British tax havens. It's a competitive business.

Cameron can't even stand up to his own backbenchers, he doesn't stand a chance with the City of London let alone respond to Zitto's letter.

Perhaps Zitto angetuambia ile mikataba 17 na serikali ya CHINA ina nini?
Well said mkuu, London is the 2nd Financial center after New York, the center of real capitalism and world financial manipulations, even the big world financial crises emanates from these centers and that is why UK can't dare to join the EU monetary agreement. Ni mfumo wa kinyonyaji usipime!
 

Kijakazi

JF-Expert Member
Jun 26, 2007
3,548
1,225
Mmh...Kabwe"s mission,is most likely an impossible task,as the beneficiaries of those trillions of US dollars,which are stolen from African poor countries,are the same the powerful western countries!!
Huyu Jamaa (Bw. Zito Kabwe) kuna mawili aidha haelewi jinsi Mfumo wa Dunia unavyofanya kazi au anaelewa lakini anafanya yote haya kupotosha Jamii ili aonekane kama anateteta Wanyonge, unawezaje kumtaka Waziri mkuu wa Uingereza aingilie kati kuzuia Pesa zilizowekwa kwenye Mabenki yao au Mabenki yenye uhusiano na Nchi yake wakati sehemu kubwa ya Uchumi wa Uingereza unategemea hizo Fedha?

 

Kijakazi

JF-Expert Member
Jun 26, 2007
3,548
1,225
Hivi washauri wa Zitto ni akina nani? Anajua kama David Cameron na familia yake nao wamo kwenye mambo ya tax dodging?

I would have thought kuwa by now kwa Mbunge msomi kama Zitto would have know that there were far too many vested interests for shutting down tax havens to be possible. The UK and US control most of them - Jersey, Isle of Man, Bahamas, Caymans, Gibraltar are all quasi-UK dependencies, and the UK maintains the convenient fiction that they're independent and can't be interfered with while benefitting hugely from them.

Much of the business in the CITY OF LONDON involves transactions through these havens, and the City is too important to UK for the government to take it on. It just won't happen.

Perhaps I may remind Hon Zitto that Britain controls 10 of the 16 remaining colonies in the world. Since Britain is actually holding on to a prime collection of the world's tax havens, Cameron doesn't really mean to do anything about tax avoidance, except promote it. What's the point of, for example, Gibraltar, if not to promote tax avoidance? Admittedly, Cameron may be rather stern about non-British tax havens. It's a competitive business.

Cameron can't even stand up to his own backbenchers, he doesn't stand a chance with the City of London let alone respond to Zitto's letter.

Perhaps Zitto angetuambia ile mikataba 17 na serikali ya CHINA ina nini?
Na ndio maana mimi siwaamini Wapinzani kwa maana hawana tofauti na CCM, tena saa nyingine bora hata CCM naweza kusema, nikimaanisha kwamba hawana jipya, ktk akili za kawaida kabisa Mtu huwezi kutegemea Waziri mkuu wa Uingereza azuie Fedha kutoka Tanzania zisiwekwe ktk Mabenki yao, hilo sio jukumu lake bali ni jukumu letu sisi wenyewe Watz, hivyo Bw. Zito Kabwe kama Kiongozi wa TZ alipaswa kuelekeza Vita yake hapa hapa TZ, kwanza aanze kwa kututajia Majina aliyotuahidi ya hao Watu walioweka hizo pesa!

Waingereza ni Mabepari, Ubepari maana yake kutengeneza Faida, na Bw. Zito Kabwe kama Mwanasiasa alipaswa kulijua hilo!

 

siriusblack

Senior Member
Apr 30, 2013
170
250
Hivi washauri wa Zitto ni akina nani? Anajua kama David Cameron na familia yake nao wamo kwenye mambo ya tax dodging?

I would have thought kuwa by now kwa Mbunge msomi kama Zitto would have know that there were far too many vested interests for shutting down tax havens to be possible. The UK and US control most of them - Jersey, Isle of Man, Bahamas, Caymans, Gibraltar are all quasi-UK dependencies, and the UK maintains the convenient fiction that they're independent and can't be interfered with while benefitting hugely from them.

Much of the business in the CITY OF LONDON involves transactions through these havens, and the City is too important to UK for the government to take it on. It just won't happen.

Perhaps I may remind Hon Zitto that Britain controls 10 of the 16 remaining colonies in the world. Since Britain is actually holding on to a prime collection of the world's tax havens, Cameron doesn't really mean to do anything about tax avoidance, except promote it. What's the point of, for example, Gibraltar, if not to promote tax avoidance? Admittedly, Cameron may be rather stern about non-British tax havens. It's a competitive business.

Cameron can't even stand up to his own backbenchers, he doesn't stand a chance with the City of London let alone respond to Zitto's letter.

Perhaps Zitto angetuambia ile mikataba 17 na serikali ya CHINA ina nini?
On his capacity and as a concerned citizen I think he had done his part.... A journey of a million miles begun with a single step !! Let us all do our part concerning with all that is going on in our nation .
 
  • Thanks
Reactions: BAK

Toa taarifa ya maudhui yasiyofaa!

Kuna taarifa umeiona humu JamiiForums na haifai kubaki mtandaoni?
Fanya hivi...

Umesahau Password au akaunti yako?

Unapata ugumu kuikumbuka akaunti yako? Unakwama kuanzisha akaunti?
Contact us

Top Bottom