RE: $21 trillion hoard hidden from taxman by global elite
July 24, 2012 at 2:10 pm
(This post was last modified: July 24, 2012 at 2:15 pm by Anomalocaris.)
(July 24, 2012 at 5:20 am)Stue Denim Wrote: Why shouldn't countries be able to compete in tax policy? One country offers a 10,000 page tax code, 30% and instability, whilst another offers 100 pages, 20% and stability, who are you going to want to bank with or start a business in? And also compete in banking policy, privacy isn't just for criminals, not everybody likes the idea of a particular government watching every move they make.
Also, when you have that much, isn't most of the money you earn from capital gains, which I believe is taxed at like 15% in the US. And isn't/wasn't the US considered something of a tax-haven for foreigners (not residents)?
Ask yourself this. I walk into your store, and takes from your selves a stash of items that your had paid for and placed in your inventory. You aks me to pay the price you list, but I tell you to fuck off because I ought to take from you the item I needs, and then go shop around for whoever will charge me the least for YOUR stuff.
And that someone happen to be Joe and not you. It's a small wonder that it is not you because Joe didn't pay for the inventory in the first place, and he is happy to charge me almost nothing because almost nothing is still more than the actual nothing he paid for things there were never his.
As a result I can always take from you a dollar's worth of your stuff and give Joe a pennie for them.
How does that sound to you?
If you want to shop around for the best tax policy, then give up the fortune you earned in my country, taking advantage of financial, demographic, political, legal and physical infrastructure made possible by my tax policy, and see if you can earn another in the country that charges no tax because it provides no service.
You shop around for the tax policy that suits you BEFORE you made any fortune to hide, NOT AFTER.
