See Who Does Exploit Offshore Tax Havens

Offshore investment is among the murkiest sectors of the financial world. That’s by design — keeping money offshore can help shield money from tax authorities, obscure its origin and conceal the genuine owners. There are many legitimate reasons for opening an offshore banks account. Wealthy people do it to better manage their investment portfolios or protect their assets. Offshore accounts can also help the rich pay less tax — legally.

However, offshore accounts are also the lynchpin in many illegal tax avoidance schemes. Owners go to great lengths to conceal the existence of these accounts from their home governments, and they are often helped by lax disclosure rules in offshore tax havens.

Investors caught trying to hide their accounts can face steep penalties. More here from CNN.

US corporations have $1.4tn hidden in tax havens, claims Oxfam report

Charity analysis of the 50 biggest US businesses claims Apple have $181bn held offshore, while General Electric has $119bn and Microsoft $108bn

Guardian: US corporate giants such as Apple, Walmart and General Electric have stashed $1.4tn (£980bn) in tax havens, despite receiving trillions of dollars in taxpayer support, according to a report by anti-poverty charity Oxfam.

The sum, larger than the economic output of Russia, South Korea and Spain, is held in an “opaque and secretive network” of 1,608 subsidiaries based offshore, said Oxfam.

The charity’s analysis of the financial affairs of the 50 biggest US corporations comes amid intense scrutiny of tax havens following the leak of the Panama Papers.

And the charity said its report, entitled Broken at the Top was a further illustration of “massive systematic abuse” of the global tax system.

Technology giant Apple, the world’s second biggest company, topped Oxfam’s league table, with some $181bn held offshore in three subsidiaries.

Boston-based conglomerate General Electric, which Oxfam said has received $28bn in taxpayer backing, was second with $119bn stored in 118 tax haven subsidiaries.

Computing firm Microsoft was third with $108bn, in a top 10 that also included pharmaceuticals giant Pfizer, Google’s parent company Alphabet and Exxon Mobil, the largest oil company not owned by an oil-producing state.

Oxfam contrasted the $1.4tn held offshore with the $1tn paid in tax by the top 50 US firms between 2008 and 2014.

It pointed out that the companies had also enjoyed a combined $11.2tn in federal loans, bailouts and loan guarantees during the same period.

Overall, the use of tax havens allowed the US firms to reduce their effective tax rate on $4tn of profits from the US headline rate of 35% to an average of 26.5% between 2008 and 2014.

The charity said this had helped firms spend billions on an “army” of lobbyists calling for greater state support in the form of loans, bailouts and guarantees, funded by taxpayers.

The top 50 US firms spent $2.6bn between 2008 and 2014 on lobbying the US government, Oxfam said.

“For every $1 spent on lobbying, these 50 companies collectively received $130 in tax breaks and more than $4,000 in federal loans, loan guarantees and bailouts,” said Oxfam.

Robbie Silverman, senior tax adviser at Oxfam said: “Yet again we have evidence of a massive systematic abuse of the global tax system.

“We can’t go on with a situation where the rich and powerful are not paying their fair share of tax, leaving the rest of us to foot the bill.

“Governments across the globe must come together now to end the era of tax havens.”

Oxfam estimates that tax avoidance by US corporations costs the world’s largest economy some $111bn a year, but said it was also fuelling the global wealth divide by draining $100bn from the poorest countries.

“Tax dodging practised by corporations and enabled by federal policymakers contributes to dangerous inequality that is undermining our social fabric and hindering economic growth,” the report said.

Oxfam also singled out British overseas territories such as Bermuda for their popularity with US firms seeking to slash their tax bill by “profit-shifting”.

In 2012, said Oxfam, US firms reported $80bn of profit in Bermuda, more than their combined reported profits in Japan, China, Germany and France, four of the world’s five largest economies.

The charity called on the US government to pass the Stop Tax Haven Abuse Act, including a requirement for firms to report their tax contribution on a country-by-country basis, there is only one caution when doing this though and that is to not be mistaken that a country is a tax haven when in fact it isn’t, for example many people refer to Andorra as the tax haven of Andorra however Andorra is not actually a tax haven, one way to be sure whether a country is a legally classed tax haven is refer to the FATF blacklist, it lists every country that is recognised by government as an actual tax haven.

Country-by-country reporting has been recommended by a host of non-governmental organisations and charities to prevent companies from artificially shifting their income out of the poorest countries.

Military Escalation in Iraq

InquisitR: The United States has deployed a squadron of tactical aircraft to be used in the efforts to defeat the Islamic State (ISIS) terrorist group that controls regions of Syria and Iraq, military officials announced this week. The warplanes, a squadron of Marine Corps EA-6B Prowler aircraft, were sent to Incirlik Air Base in Turkey to act as tactical support for U.S. and coalition operations.


CNN reported on April 15 that the U.S. European Command announced that the Prowler squadron, part of Marine Corps Tactical Warfare Squadron 4, were deployed to attack ISIS’s ability to communicate in areas of engagement. Mission specifics were not spelled out, of course, but Prowlers not only can intercept ISIS communications but also disrupt — or jam — frequencies of communication devices and radar. Jamming capability benefits are manifold, from disrupting cell phones used in triggering Improvised Explosive Devices (IEDs) to blocking ISIS propaganda transmissions.

Lt. Col. David Westover Jr., spokesperson for European Command, told CNN the following “the Prowler is a force multiplier continuing to do what it has for the last 45 years: support warfighters flying in the air and fighting on the ground by giving them the electronic communications dominance to ensure a decisive win.”

The Prowler aircraft has a long and distinguished history, dating back to its first deployment in the skies over Vietnam in 1972. Besides its more recent use in Iraq and Syria against ISIS (since 2014), the aircraft has also been instrumental in peace-keeping efforts around the world, such as when it was employed to assist in maintaining the “no-fly zone” over the war-torn area of former Yugoslavia in the 1990s.

The deployment of the Prowler squadron to aid in the fight against ISIS is just the latest addition to the armament being sent to combat the terrorist organization. Just last week, an untold number of B-52 Stratofortress bombers were deployed to Qatar to run missions against ISIS troop concentrations and targets of strategic value. It was the first time since Operation Desert Storm that B-52s had seen service in the Middle East, although a number of the Air Force’s oldest and most reliable aircraft had been used in the war in Afghanistan.

But Prowlers and B-52s aren’t the only weapons the U.S. military is now using to fight ISIS. It was announced earlier in the week, according to Reuters, that the U.S. and its coalition partners were also using cyber attacks as part of their military strategy against ISIS. This is done using “cyber bombs” against ISIS internet capabilities, placing increased pressure on the terrorist organization, which has been quite effective in disseminating terrorist propaganda online, not to mention its use of the internet as a recruitment tool.

Deputy Defense Secretary Robert Work said the following on Tuesday from an aircraft headed to a Colorado air base.

****

NYT: BAGHDAD — President Obama will send American military advisers closer to the front lines of the conflict against the Islamic State in Iraq, part of a series of measures that will broaden the United States military campaign against the extremist group there.

The advisers, who until now had been assisting Iraqi military divisions, which have about 10,000 troops, will now also work with units of about 2,000 soldiers who are more directly involved in day-to-day combat, according to Defense Department officials.

The officials said the advisers will not be on the actual front lines, but American and Iraqi commanders want them to move closer to the fighting so they can provide timely tactical guidance to the Iraqis as they prepare for the long-awaited assault on the northern city of Mosul, seized by the Islamic State in 2014.

Defense Secretary Ashton B. Carter made the announcement in a speech to dozens of American troops at the airport in Baghdad.

To give the Iraqis more capabilities on the battlefield, the Pentagon will also deploy a handful of Apache attack helicopters, Mr. Carter said. The Apaches, known for their withering — and accurate — rocket and cannon fire, can provide strong air support to ground forces. The Pentagon will also deploy several long-range artillery units, Mr. Carter added.

Earlier Monday, Mr. Carter flew by helicopter into the Green Zone, where he met with the Iraqi prime minister, Haider al-Abadi, who has been contending with Shiite leaders backed by Iran who oppose an expanded American role in the country.

In December, Mr. Abadi declined to take up the Pentagon when it offered him Apaches to help his forces.

“We’re on the same page as the Iraqi government,” Mr. Carter said on Monday.

The package of military aid will involve sending to Iraq more members of the Army Special Forces, or Green Berets, who specialize in advising and training foreign military forces. Mr. Obama will increase the number of American forces that commanders can use in Iraq by 217, to 4,087. That number, however, is largely symbolic because the Pentagon uses a system that has exceptions for commandos and soldiers who are supposed to be in the country less than four months. Defense Department officials have said that there are more than 5,000 service members in Iraq.

The Kurds are an important part of the anti-Islamic State campaign in the north, and Mr. Carter said the United States would give the Kurdish regional government more than $415 million.

The announcement came as the Obama administration has said that the campaign against the Islamic State, also known as ISIS or ISIL, is gaining momentum. In recent weeks, the Iraqi military reclaimed the city of Hit. At the end of December, the Iraqis, with the help of American air power, drove the Islamic State out of Ramadi, the biggest city in western Iraq.

Yet it has been nearly two years since the United States began military operations against the Islamic State and the organization still controls a significant portion of the northern and western parts of Iraq, including Mosul, the second largest city in the country. American commanders estimate that there are 5,000 Islamic State fighters in Mosul and about 5,000 more elsewhere in Iraq and more than 10,000 in Syria.

Ash Carter in Baghdad, 200 More Special Operators Deployed

Add in more Apache helicopters so the real numbers of new deployments remain unknown. Today there is a cap of 3950 troops in Iraq but that number is hardly the real numbers in this mission creep. The real objective is taking back Mosul, a mission that will take a long time and honestly major coordination. The other truth is countless Iraqis are fleeing Mosul right now, destinations are unknown as well.

FNC: The U.S. has agreed to deploy more than 200 additional troops to Iraq and to send Apache helicopters for the first time into the fight against the Islamic State group in Iraq, U.S. defense officials said Monday.

The decisions reflect weeks of discussions with commanders and Iraqi leaders, and a decision by President Barack Obama to increase the authorized troop level in Iraq by 217 forces — or from 3,870 to 4,087.

The new plan, expected for weeks, would mark the first major increase in U.S. forces in nearly a year. Last June the Obama administration announced that hundreds of troops would be deployed to help the Iraqis retake Ramadi — a goal they accomplished at the end of the year.

Of the additional troops, most would be Army special forces, who have been used all along to advise and assist the Iraqis. The remainder would include some trainers, security forces for the advisers, and more maintenance teams for the Apaches.

The increased military support comes as the U.S.-led coalition looks to better enable local Iraqi and Syrian forces to retake the key cities of Mosul in Iraq and Raqqa in Syria.

The advise-and-assist teams — made up of about a dozen troops each — would embed with Iraqi brigades and battalions, putting them closer to the fight, and at greater risk from mortars and rocket fire. They would have security forces with them.

Putting the U.S. teams with Iraqi forces closer to the battlefront will allow them to provide more tactical combat advice as the Iraqi units move toward Mosul, the country’s second-largest city. Until now, U.S. advisers have worked with the Iraqis at the headquarters level, well back from the front lines.

The Apaches are considered a significant aid to any attack on Mosul, providing precision fires in the fight.

Last December, U.S. officials were trying to carefully negotiate new American assistance with Iraqi leaders who often have a different idea of how to wage war. At that time, the Iraqis turned down a U.S. offer to provide Apache helicopters for the battle to retake Ramadi.

Speaking to U.S. troops at the airport in Baghdad, Defense Secretary Ash Carter also said that he will send an additional rocket-assisted artillery system to Iraq. The system is likely to be used by Army soldiers who replace the Marines current stationed at a small outpost outside of the Iraqi base of Mohkmour.

U.S. officials have also said previously that the number of special operations forces in Syria would be increased at some point, but Carter did not mention that in his comments. Officials spoke about the plan on condition of anonymity because they weren’t authorized to discuss the matter publicly.

Carter’s announcement Monday came after several meetings with his commanders and Iraqi leaders about how the U.S. can best help Iraqi forces retake Mosul.

He met with Lt. Gen. Sean MacFarland, the top U.S. military commander for the Islamic State fight, as well as a number of Iraqi leaders including, Prime Minister Haider al-Abadi and Iraq’s minister of defense Khalid al-Obeidi.

He also spoke by phone with the president of Iraq’s autonomous Kurdish region, Massoud Barzani

Late last month, U.S. Gen. Joseph Dunford, chairman of the Joint Chiefs of Staff, told reporters that he and Carter believed there would be an increase in U.S. forces in Iraq in the coming weeks.

Later this week, Obama will be in Saudi Arabia to meet with Gulf leaders and talk about the fight against the Islamic State.

Carter has said the U.S. wants Gulf nations to help Iraq rebuild its cities once IS militants are defeated.

U.S. military and defense officials also have made it clear that winning back Mosul is critical, but will be challenging, because the insurgents are dug in and have likely peppered the landscape with roadside bombs and other traps for any advancing military..

A senior defense official told reporters traveling with Carter that while Iraqi leaders have been reluctant to have a large number of U.S. troops in Iraq, they also need certain capabilities that only more American or coalition forces can provide.

Iraqi leaders, said the official, back the addition of more U.S. troops if they directly coincide with specific capabilities that Iraq forces needs to fight IS and take back Mosul. The official was not authorized to discuss the issue publicly so spoke on condition of anonymity.

U.S. leaders have also made it clear that ongoing political disarray and economic problems must be dealt with in order for Iraq to move forward.

This week, the country has been struggling with a political crisis, as efforts to oust the speaker of parliament failed. Al-Abadi’s efforts to get a new cabinet in place met resistance, and influential Shiite cleric Moqtada al-Sadr issued a deadline, giving parliament 72 hours to vote in a new Cabinet.

At the same time, the costs of the war against IS, along with the plunge in the price of oil — which accounts for 95 percent of Iraq’s revenues — have caused an economic crisis, adding fresh urgency to calls for reform. Iraqi officials predict a budget deficit of more than $30 billion this year.

US Air Force Plane Intercepted by Russian Jet

No response by the Russians using the GUARD channel? This is the common airband channel for all aircraft regardless of tail number or flag. Essentially this appears to come close to electronic warfare.

WASHINGTON (AFP) –  A US Air Force reconnaissance plane was intercepted by a Russian SU-27 jet in an “unsafe and unprofessional” manner while flying a routine route in international airspace over the Baltic Sea, the Pentagon said.

“The US aircraft was operating in international airspace and at no time crossed into Russian territory,” said Laura Seal, a Pentagon spokeswoman.

The incident comes shortly after Russian aircraft repeatedly buzzed the USS Donald Cook this past week, including an incident Tuesday in which a Russian Su-24 flew 30 feet (nine meters) above the ship in a “simulated attack profile,” according to the US military’s European Command.

Russia has denied the action was reckless or provocative.

“This unsafe and unprofessional air intercept has the potential to cause serious harm and injury to all aircrews involved,” Seal said of Thursday’s incident.

“More importantly, the unsafe and unprofessional actions of a single pilot have the potential to unnecessarily escalate tensions between countries.”

The US aircraft in question was an RC-135.

***

FreeBeacon: Navy Captain Hernandez said the U.S. aircraft, a militarized Boeing 707 jet, was operating in international airspace “and at no time crossed into Russian territory.”

“This unsafe and unprofessional air intercept has the potential to cause serious harm and injury to all aircrews involved,” he said. “More importantly, the unsafe and unprofessional actions of a single pilot have the potential to unnecessarily escalate tensions between countries.”

According to Hernandez, the Su-27 carried out “erratic and aggressive maneuvers” by approaching the RC-135 at a high rate of speed from the side.

The Russian jet “then proceeded to perform an aggressive maneuver that posed a threat to the safety of the U.S. aircrew in the RC-135U,” the spokesman said.

 

“More specifically, the SU-27 closed within 50 feet of the wing-tip of the RC-135 and conducted a barrel roll starting from the left side of the aircraft, going over the top of the aircraft and ended up to the right of the aircraft,” he said.

The U.S. government is protesting all the incidents this week to the Russian government through diplomatic channels, he said.

The RC-135U, an electronic intelligence-gathering aircraft, is normally operated by five air crew and up to 16 electronic warfare officers and six or more regional specialists.

The dangerous aerial incident came two days after a simulated Russian aerial assault against the guided missile destroyer USS Donald Cook in the Baltic Sea. Washington called the simulated assault a military provocation, and said it nearly caused an international shootout.

Two Russian fighter-bombers, identified as Su-24s, made close passes over the Cook, including one jet that came within 30 feet of the warship.

A Navy officer said the buzzing was the most reckless flyover of a U.S. warship by either a Russian or Chinese warplane since the Cold War. “I’ve been in a lot of those situations and I’ve never seen any plane come that close,” the officer said.

The aerial harassment appears to be part of a Russian military campaign of intimidation against the United States and NATO.

Moscow has adopted hostile military policies toward the United States over U.S. deployment of missile defenses in Europe, which Moscow says threaten its missile forces. The Russians also have been upset by Western sanctions against its military annexation of Ukraine’s Crimea.

Strategically, Russian leader Vladimir Putin has been seeking to regain control and influence over what Moscow calls the “near abroad”—former Soviet republics and Eastern Bloc nations along the periphery of Russia’s borders in Eastern Europe.

The policy has led to military aggression against the Republic of Georgia in 2008 and Ukraine in 2014, where Russian troops took over the Crimean peninsula and are continuing to fuel separatist activity in eastern Ukraine.

In response, the United States and NATO are bolstering U.S. and allied military forces in Eastern Europe, with a specific emphasis of increasing military forces and troops near the Baltic states of Latvia, Estonia and Lithuania, as well as in Poland.

The recent Russian military provocations coincide with military activities by Moscow in the Russian enclave of Kaliningrad, which remains a major subject of U.S. monitoring. Russia in the past has threatened to deploy nuclear-capable Iskander short-range missiles in the enclave on the Baltic Coast between Poland and Latvia.

Earlier this week, Brian McKeon, principal undersecretary of defense for policy, told a House subcommittee hearing that Russia has prevented U.S. and allied flights over Kaliningrad that are allowed under the Open Skies Treaty.

Mark Schneider, a former Pentagon strategic forces analyst who specializes in Russian affairs, said the recent incidents over the Baltic Sea, including the simulated attack of a U.S. warship, are fundamentally different from past Russian provocations.

“It is a major escalation of Russian aggressiveness although it fits into a pattern of Russian activity that goes back years,” Schneider said. “The Russian Defense Ministry reaction was blatantly dishonest.”

Schneider said the likely U.S. response to these provocations are what former Pentagon official Richard Perle once dubbed “demarche-mellows,” or very weak, pro forma protests.

“If so, incidents like this will probably continue to escalate,” Schneider said.

Thursday’s aerial encounter involving the RC-135 was at least the second time this year that Russian jets have conducted a dangerous intercept of a reconnaissance aircraft.

On Jan. 25, a Russian Su-27 came within 20 feet of an RC-135 over the Black Sea in what Navy Capt. Daniel Hernandez said was an “unsafe and unprofessional” action.

Unlike Thursday’s encounter, the Russian jet in January did not do a barrel roll, but instead made an aggressive, high-speed banking turn away from the intelligence aircraft.

The maneuver disturbed the pilot’s control of the RC-135.

The dangerous Su-24 overflight of the Cook on April 12 came a day after two other Russian Su-24s flew over the ship 20 times, including a dangerous pass as an allied helicopter was being refueled, causing a delay in flight operations until the Su-24s left the area.

The same day, a Russian Ka-27 Helix helicopter flew around the Cook, which had finished a port visit to Poland and had a Polish helicopter on board.

“The Russian aircraft flew in a simulated attack profile and failed to respond to repeated safety advisories in both English and Russian,” the European Command said in a statement.

The Pentagon released video of the encounter showing the close pass, which created a wake in the water.

Secretary of State John Kerry on Thursday criticized the Russian military provocation, though he declined to say what steps the United States would take in response.

The State Department lodged formal protests with Russia.

“We condemn this kind of behavior. It is reckless. It is provocative. It is dangerous. And under the rules of engagement that could have been a shoot-down,” Kerry told CNN and the Miami Herald.

“People need to understand that this is serious business and the United States is not going to be intimidated on the high seas. … We are communicating to the Russians how dangerous this is and our hope is that this will never be repeated,” Kerry said.

The Cook is equipped with anti-aircraft defenses including the Close-In Weapons System, an automated air defense gun that can destroy aircraft with 25-millimeter rounds. The weapon was not readied because the ship was operating under the U.S.-Russian agreement not to illuminate each other’s aircraft.

“We have deep concerns about the unsafe and unprofessional Russian flight maneuvers,” the European command said in a statement.

“These actions have the potential to unnecessarily escalate tensions between countries, and could result in a miscalculation or accident that could cause serious injury or death.”

Kerry on Friday discussed the Cook incident with Russian Foreign Minister Sergey Lavrov, a State Department spokesman said.

Moscow sought to play down the incident involving the Cook. Russian Defense Ministry spokesman Igor Konashenkov told the state-run Interfax news agency that the Russian pilots acted within safety guidelines.

The incidents violated the bilateral U.S.-Russian agreement designed to prevent incidents at sea. The accord prohibits conducting simulated attacks and also limits the use of automated anti-aircraft guns.

Other incidents in recent months included a near collision between a Russian fighter and an RC-135 over the Black Sea on May 30, and on April 7, 2015, a Su-27 flew within 20 feet of an RC-135 over the Baltic Sea.

Additionally, last October, two Russian Tu-142 bombers made low passes near the aircraft carrier USS Reagan as it sailed in the Sea of Japan near the Korean peninsula. And on July 4, 2015, two Tu-95 nuclear-capable bombers approached within 40 miles of the California coast and radioed a “happy birthday” message to intercepting U.S. pilots.

The July 4 provocation occurred the same day President Obama held a telephone call with Putin.

Russia also has sent Tu-95 bombers to circle the Pacific island of Guam several times. The island is a major military hub and central to the U.S. military’s pivot to Asia.

 

 

There Goes 9 More Gitmo Detainees

Oh, late Friday night, cloak and daggar? No White House announcement from the podium?

Since most of the remaining detainees are from Yemen, 9 were released to Saudi Arabia. Think about that for a moment. Saudi has been at war in recent months in Yemen and the United States had to literally flee during the first days of the war, terminating our CIA staff and our major drone operation against al Qaeda Arabian Peninsula, AQAP.

This is a headscratcher….unless….well nevermind.

ABC: Authorities say the U.S. has released nine prisoners from Guantanamo Bay and sent them to Saudi Arabia for resettlement.

All nine are Yemeni but have family ties to Saudi Arabia. None of the men had been charged and all but one had been cleared for release from the U.S. base in Cuba since at least 2010. One was approved for release by a review board last year.

They could not be sent to their homeland because of instability there.

The prisoners include a frequent hunger striker whose weight had dropped to as low as 74 pounds (34 kilograms) at one point.

The release announced Saturday in a Pentagon statement brings the Guantanamo prisoner population to 80, including 26 cleared men expected to leave by the end of the summer.

****

Stripes: The nine Yemenis include Tariq Ba Odah, a frequent hunger striker whose weight dropped to a dangerously low 74 pounds (34 kilograms) at one point as the military fed him with liquid nutrients to prevent him from starving to death. His lawyers at the Center for Constitutional Rights had urged the U.S. to free him earlier due to his health.

Eight of the prisoners, including Ba Odah, had been cleared for released from Guantanamo since at least January 2009, when an Obama administration task force evaluated all of the prisoners held at that time. The ninth, Mashur Abdullah Muqbil Ahmed Al-Sabri, was cleared by a review board last year.

The other prisoners in this release were identified as: Ahmed Umar Abdullah Al-Hikimi; Abdul Rahman Mohammed Saleh Nasir; Ali Yahya Mahdi Al-Raimi; Muhammed Abdullah Muhammed Al-Hamiri; Ahmed Yaslam Said Kuman; Abd al Rahman Al-Qyati; and Mansour Muhammed Ali Al-Qatta.

The last time Barack Obama was to be with the Saudis was at a Camp David Gulf Nation Summit, where he was snubbed. Furthermore in recent days there has been other hostilities over the 28 missing pages of the 9/11 report where there is text that at least one Saudi diplomatic had met with two of the hijackers in California providing them with material and monetary support. Anyway, Obama starts this coming week with his trip to Saudi Arabia mostly to meet on the fight against Islamic State.

ABC: resident Barack Obama will strategize with his Middle Eastern and European counterparts on a broad range of issues during a weeklong trip to Saudi Arabia, England and Germany with efforts to rein in the Islamic State group being the common denominator in all three stops.

Obama, who begins traveling next week, recently said defeating IS his No. 1 priority. He paid a rare visit to CIA headquarters this week for a national security team meeting focused on countering the group.

The president is scheduled to arrive in the Saudi capital of Riyadh on Wednesday, where he will hold talks with King Salman. Obama will also attend a summit hosted by leaders of six Persian Gulf countries that are members of the Gulf Cooperation Council: Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain and Oman.

The summit follows a similar gathering that Obama hosted with the Gulf leaders last year at the Camp David presidential retreat. The White House arranged last year’s meeting largely to reassure Gulf leaders who were unnerved by a deal the U.S. and other world powers negotiated with Iran to ease economic sanctions in exchange for limits on its nuclear program.

The Iran deal is now in force, and the meeting next week will focus on defeating the Islamic State militants and al-Qaida, as well as regional security issues that include Iran.

Obama will spend most of his time in England. He is scheduled to meet again with Queen Elizabeth II over lunch at Windsor Castle on April 22, a visit that coincides with her 90th birthday a day earlier.

Obama will also meet with British Prime Minister David Cameron, who is campaigning for his country to continue its membership in the European Union. Britons are scheduled to vote on its EU membership in a June 23 referendum, the first vote ever by a nation on whether to leave the 28-member, post-World War II bloc.

Obama is not expected announce a position on the referendum, although aides have voiced support for a strong United Kingdom as a member of the E.U.

“He’ll make clear that this is a matter the British people themselves will decide when they head to the polls in June,” Ben Rhodes, Obama’s deputy national security adviser, said Thursday as he outlined the trip for reporters.

Cameron has also been stung by criticism over his investment in an offshore trust run by his late father. The revelation was part of the recent dump of more than 11 million documents from a Panama law firm that is one of the leaders in setting up offshore bank accounts for the rich and powerful.

Obama also plans a town hall-style, question-and-answer session with young adults, which has become a staple of his foreign trips. Additional stops were being planned for London.

In Germany, the final stop on Obama’s three-country trip, the president will hold talks and a news conference Sunday with Chancellor Angela Merkel. Merkel’s popularity has suffered after she angered Germans by allowing a massive resettlement of refugees from Syria and other war-torn countries. She recently helped broker a deal between the EU and Turkey to stem the refugee flow to Europe.

Obama also plans to join Merkel to open the Hannover Messe, the world’s largest trade show for industrial technology.

Before departing for Washington, Obama has scheduled a speech reviewing U.S.-European collaboration during his tenure and looking ahead to future joint efforts.