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EU About To Grant US Unlimited Access To Banking Data
An anonymous reader points out a blog post reporting that on Monday The EU Council is set to give US intelligence services full access to SWIFT banking data, despite a unanimous call by the European Parliament not to do so. "The move of SWIFT the data server to Switzerland would be an excellent opportunity to stop the nearly unlimited access of US authorities on EU bank transactions. But EU justice and interior ministers are apparently keen [on agreeing to] a deal as soon as possible, on 30 November. Why 30 November? Because one day later, on 1 December 2009, the EU’s Lisbon Treaty will be in force and would allow the European Parliament to play a major role in the negotiations of the deal with the US. A deal one day before will be a slap in the face to democracy in the EU. ... [W]hile the US will be able to access EU banking data, no access to US banking data by EU [authorities] is being foreseen."
Is it worth catching corporate criminals at the cost of civil privacy?
Also, there are lots of ways around Taxation laws, legally, that require NO money off-shore. Using Charity receipts, holding companies, and company expenses, you can essentially cut your profits down so you don't get taxed as much while everything you want to purchase is owned by various companies (which you own but not directly).
It's kind of like you run company A, and Company B owns your car, Company C owns your house, Company D buys food, etc etc, and while the paper trail exists, theres nothing illegal about it. Shaw Communications (Cable company here in Canada) has mastered this technique. Yeah, the CEO is driving his Porsche around Calgary, but on paper he makes under 30k a year.
Theres none good sides on it. Or why do you think US wont open their banking data back to EU?
It's just another case of USA forcing their laws, ideas and politics to other countries. Only taking, and not giving back. Fuck yeah!
You may want to look into who provides a lot of the equipment, personnel and funding for U.N. and NATO peacekeeping forces. I think the US/EU relationship is pretty symbiotic. While the banking data probably won't be given to the EU, 'not giving back' is untrue.
I've looked into it. From Wikipedia: "About 4.5% of the troops and civilian police deployed in UN peacekeeping missions come from the European Union and less than one percent from the United States (USA)." The ten biggest troop contributors by country are 8 developing countries, France and Italy. Regarding UN troop funding - the reluctance and tardiness of the US to pay its UN contributions is legendary, and they are currently $1.3bn in arrears.
As to NATO troop contributions -- the US is making a lot of noise that the Europeans are not supporting their War of Terror "peacekeeping" missions in Iraq and Afghanistan enough; but they knew that they didn't have most EU countries' support when they set up to invade Iraq in the first place...