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and why aren't they doing it?
and all with the exact same endgame in mind.
They don't want to do that because they'd prefer to maintain or create a tax advantage over their rivals.
I'm not sure what you're getting at - it seems nearly all Governments & their citizens are losing out to Tax Havens and secret/private banking activity
piss off somewhere more friendly en masse. You then go from taking less tax revenue than you should to none at all...that's the theory.
Are you the most naive kid on earth or are you trialling some new character comedy routine?
but there's more to where they locate than just local tax conditions
and can exert considerable power as a result of that.
partly for the reasons guntrip gives below
I'm not at all sure what you mean. Crack down on what? Tax evasion?
You seem to be using the argument of keeping taxes low to excuse the act of siphoning off/hiding taxable assets
the £13tn or £21tn held offshore is from companies and individuals reneging on their tax responsibilities
are you actually saying that if the rich/mega were forced to pay their due tax it would have a detrimental effect on world economies? If so how? Why?
It's not like I came up with the theory, it's just the line that the majority of big business types pedal and I guess governments must believe them.
the two things aren't the same
how am I being a dick exactly?
the most commonly advanced reason for governments avoiding a coordinated anti-tax evasion strategy.
So, dry your panties.
that is the most commonly advanced reason for governments increasing taxes (or conversely a reason given for lowering them)
I think you must be confused
and a consequence is this;
it's been calculated that in the UK alone if tax avoidance & evasion were clamped down on EVERYONE could have their income tax cut by 2%
surely this would be desirable?
Yep..me - 25,000 or so posts, I work shifts so I'll do what I like, yeah.
my reply wasn't meant as an attack.
that they wouldn't earn otherwise.
it's obvious why it's in the interests of tax havens but why would it be in the interests of say the Nigerian Government or the Nigerian Government to look the other way?
you know what I mean
I'm happy to just leave it as it is. Tax is nothing but mandatory theft. And theft is bad.
I'm starting from the standpoint that if Governments collect taxes then why would they be seemingly happy/powerless to let a large chunk of those taxes go uncollected
All governments should drop their top rate of income tax to 1% or something. Most people wouldn't bother messing about with tax havens and things to avoid paying 1%. The governments would get all of it.
you can do better than that
and therefore make them make token gestures and changes in order to appease what they have been doing?
and in any case that's my point - why is it legal? Why is there no political will to 'close loopholes' or redress the balance or recalibrate the system in some way?
if people are just going around doing legal things then *shrug*
Then we could see what sort of loopholes were being used and close them. And if anyone turned out to be hiding stuff, they could be prosecuted and fined?
I dunno, i'm sure it's really complicated.
People are secretive about things though aren't they? Don't like to talk about their salary, inheritance, dodgy tax scams, etc. Funny old sorts.
Something about 55k?
if you're a shareholder in a company, you're allowed to have access to the accounts.
The issue arises when companies are acknowledged as being separate legal entities. This means that a company is able to considered almost like a person. Because of this thousands of Corporate Service Providers are able to create companies which are then able to hold shares, provide loans or hold assets in order to protect them. That's a few examples of very simple off-shore structures that are operating.
Personally, I work for a CSP on the Isle of Man which creates and administers companies and trusts primarily for tax reasons.
Panic over the Govt are on the case
turns out it's under 25s on Housing Benefit and people paying the plumber cash-in-hand that feeds mass inequality
Hey, it says here that the Minister of State for trade Lord Green was in charge of HSBC when they laundered £10bn for Mexican Drug Lords
probably not related/an honest mistake etc
ask no questions eh
They'll soon start paying their taxes if they have to worry about fuel allowance and the NHS rather than where their next hooker and mountain of coke's coming from
because the are powerful, and vice versa
govs are comprised of people.
people are human
humans seem to go for money above all else, quite frequently.
Also if someone was going to try to lift the lid on it, then its not suprising that they would want to keeo this secret
is this the solution?
Jesus fucking christ
and now they're reporting for the Party
which is just pragmatism really isn't it seeing as how in the Great Osborne Savings Plan of the year of our Lord 2010 HMRC have been streamlined with 40,000 job err savings undertaken and/or planned
now THAT'S the way to claw back tax revenue right? I'm sure every right thinking mind can agree
I'm pretty prejudiced against kazillionaires who squirrel away the wealth that they suck out of all of us
and I'm equally prejudiced against politicians who do nothing about it while asset stripping public health and education programs and pointing the finger of blame at the poorest in society
while the whole of western society (pretty much) is being force-fed 'austerity' ?
Austerity is fine.
which pays for roads and buses and the general health of consumers so they can give their hard earned monies to private companies who then hide those monies from the tax cycle (and even use those monies to influence sympathetic policy & Governance)
you're happy with that?
The economy is in recession, child poverty is on the rise - even the Express FFS are calling for Osborne to go
is it child poverty and recession you're very happy with? or is there some other personnel benefit to you that overrides these inequalities and makes these crimes insignificant in your eyes?
so... I don't get it
you're very happy with child poverty
you're very happy with recession
and you're very happy with this Government who are imposing the crime of TAX THEFT upon you and us all