£20 trillion stashed away in tax havens by super rich

[2aguy]

Cutting tax rates is an incentive to hide money that's not being taxed at all?

Makes...zero...sense

Leftist logic on full display.

Then why hide it in the first place?

Then why is the sky blue?

Makes as much sense in response to the question.

Again, leftist logic on full display.

I see, you have no answer, just partisan rhetoric, carry on. People don't hide things for no reason at all, think about it ,and then do your best to yell "leftist" at the top of your lungs.

Okay, let's get this straight.

You put money offshore to avoid paying taxes on it.

THEN, you're going to demand a tax cut...in order to hide more money that's not being taxed in the first place.

And then when you're called out on that absolutely absurd "logic", you lash out at those that pointed out how ridiculous you are.

Good luck with that approach.

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

 

[danielpalos]

This pretty much destroys the "trickle down" theory of taxation. They dont spend it or invest it, they send it to Bermuda.

By avoiding taxation on such a grand scale the super rich unbalance our society.

No....the rich don't get rich or stay rich by putting their money in a warehouse....they get rich and stay rich by investing their money......which means they are creating jobs and creating tax revenue.........

Why complain about expatriation of money via remittances by the poor?

When it is illegal aliens sending money home? They have broken the law working illegally.....that is the difference.

Personal wealth transfers are not illegal. All y'all have is just plain, "hate on the poor".

 

[flacaltenn]

£13tn hoard hidden from taxman by global elite

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.

This is what its all about. Surely this should unite right and left ?

Yeah.. Most of that is South American and Mid East Dictator money.. Gonna be hard to tax those guys I think...

 

[danielpalos]

Then why hide it in the first place?

Then why is the sky blue?

Makes as much sense in response to the question.

Again, leftist logic on full display.

I see, you have no answer, just partisan rhetoric, carry on. People don't hide things for no reason at all, think about it ,and then do your best to yell "leftist" at the top of your lungs.

Okay, let's get this straight.

You put money offshore to avoid paying taxes on it.

THEN, you're going to demand a tax cut...in order to hide more money that's not being taxed in the first place.

And then when you're called out on that absolutely absurd "logic", you lash out at those that pointed out how ridiculous you are.

Good luck with that approach.

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

 

[Moonglow]

Then why is the sky blue?

Makes as much sense in response to the question.

Again, leftist logic on full display.

I see, you have no answer, just partisan rhetoric, carry on. People don't hide things for no reason at all, think about it ,and then do your best to yell "leftist" at the top of your lungs.

Okay, let's get this straight.

You put money offshore to avoid paying taxes on it.

THEN, you're going to demand a tax cut...in order to hide more money that's not being taxed in the first place.

And then when you're called out on that absolutely absurd "logic", you lash out at those that pointed out how ridiculous you are.

Good luck with that approach.

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

It will never become efficient as long at the huge debt exist.

 

[2aguy]

Then why is the sky blue?

Makes as much sense in response to the question.

Again, leftist logic on full display.

I see, you have no answer, just partisan rhetoric, carry on. People don't hide things for no reason at all, think about it ,and then do your best to yell "leftist" at the top of your lungs.

Okay, let's get this straight.

You put money offshore to avoid paying taxes on it.

THEN, you're going to demand a tax cut...in order to hide more money that's not being taxed in the first place.

And then when you're called out on that absolutely absurd "logic", you lash out at those that pointed out how ridiculous you are.

Good luck with that approach.

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

No.....tax cuts are both morally and economically correct, they lead to wealth and prosperity for everyone......long and short term....tax cuts are efficiency in our economy, since high taxes choke out new buisnesses and jobs and empower greedy, incompetent politicians....

 

[danielpalos]

I see, you have no answer, just partisan rhetoric, carry on. People don't hide things for no reason at all, think about it ,and then do your best to yell "leftist" at the top of your lungs.

Okay, let's get this straight.

You put money offshore to avoid paying taxes on it.

THEN, you're going to demand a tax cut...in order to hide more money that's not being taxed in the first place.

And then when you're called out on that absolutely absurd "logic", you lash out at those that pointed out how ridiculous you are.

Good luck with that approach.

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

It will never become efficient as long at the huge debt exist.

why does the right wing want to lower taxes, that will increase our debt, and complain about the poor, and cut foodstamps?

 

[Moonglow]

Okay, let's get this straight.

You put money offshore to avoid paying taxes on it.

THEN, you're going to demand a tax cut...in order to hide more money that's not being taxed in the first place.

And then when you're called out on that absolutely absurd "logic", you lash out at those that pointed out how ridiculous you are.

Good luck with that approach.

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

It will never become efficient as long at the huge debt exist.

why does the right wing want to lower taxes, that will increase our debt, and complain about the poor, and cut foodstamps?

They believe it will create more jobs.

 

[danielpalos]

I see, you have no answer, just partisan rhetoric, carry on. People don't hide things for no reason at all, think about it ,and then do your best to yell "leftist" at the top of your lungs.

Okay, let's get this straight.

You put money offshore to avoid paying taxes on it.

THEN, you're going to demand a tax cut...in order to hide more money that's not being taxed in the first place.

And then when you're called out on that absolutely absurd "logic", you lash out at those that pointed out how ridiculous you are.

Good luck with that approach.

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

No.....tax cuts are both morally and economically correct, they lead to wealth and prosperity for everyone......long and short term....tax cuts are efficiency in our economy, since high taxes choke out new buisnesses and jobs and empower greedy, incompetent politicians....

Only twice a day for the right wing; otherwise, we are on the wrong side of the curve.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

 

[2aguy]

Okay, let's get this straight.

You put money offshore to avoid paying taxes on it.

THEN, you're going to demand a tax cut...in order to hide more money that's not being taxed in the first place.

And then when you're called out on that absolutely absurd "logic", you lash out at those that pointed out how ridiculous you are.

Good luck with that approach.

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

It will never become efficient as long at the huge debt exist.

why does the right wing want to lower taxes, that will increase our debt, and complain about the poor, and cut foodstamps?

Lowering taxes makes the economy go gang busters.........it increases tax money going to the government...

We aren't in debt because we don't pay enough in taxes......we are in debt because the politicians refuse to stop spending more money than we have....it is a spending problem, it has always been a spending problem....

 

[danielpalos]

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

It will never become efficient as long at the huge debt exist.

why does the right wing want to lower taxes, that will increase our debt, and complain about the poor, and cut foodstamps?

Lowering taxes makes the economy go gang busters.........it increases tax money going to the government...

We aren't in debt because we don't pay enough in taxes......we are in debt because the politicians refuse to stop spending more money than we have....it is a spending problem, it has always been a spending problem....

all we get is a micro boom and long term debt.

End The Drug War, right wingers.

 

[Tommy Tainant]

£13tn hoard hidden from taxman by global elite

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.

This is what its all about. Surely this should unite right and left ?

Yeah.. Most of that is South American and Mid East Dictator money.. Gonna be hard to tax those guys I think...

And African as well. In these instances I dont think it is a tax issue. Tax havens are facilitating the robbing of the poorer countries in the world by allowing these scoundrels safe haven.

It would not be beyond the capabilities of the West to cut off these options.

But then it is western corporations that enrich them through bribery so I cant see that happening soon.

 

[Toddsterpatriot]

I see, you have no answer, just partisan rhetoric, carry on. People don't hide things for no reason at all, think about it ,and then do your best to yell "leftist" at the top of your lungs.

Okay, let's get this straight.

You put money offshore to avoid paying taxes on it.

THEN, you're going to demand a tax cut...in order to hide more money that's not being taxed in the first place.

And then when you're called out on that absolutely absurd "logic", you lash out at those that pointed out how ridiculous you are.

Good luck with that approach.

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

It will never become efficient as long at the huge debt exist.

He thinks handouts to slackers will make the economy more efficient.

 

[flacaltenn]

£13tn hoard hidden from taxman by global elite

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.

This is what its all about. Surely this should unite right and left ?

Yeah.. Most of that is South American and Mid East Dictator money.. Gonna be hard to tax those guys I think...

And African as well. In these instances I dont think it is a tax issue. Tax havens are facilitating the robbing of the poorer countries in the world by allowing these scoundrels safe haven.

It would not be beyond the capabilities of the West to cut off these options.

But then it is western corporations that enrich them through bribery so I cant see that happening soon.

Should probably get rid of US Estate taxes then. Because taking 1/2 of what's ALREADY been taxed, just encourages the practice.

But your number is MORE THAN HALF -- Corrupt foreign leaders that are squirreling away a golden parachute should the peons ever decide to raid the palace or NATO decides to bomb their countries. They use the same "havens" because of the anonymity and security of the banks there.

 

[theHawk]

£13tn hoard hidden from taxman by global elite

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.

This is what its all about. Surely this should unite right and left ?

Sure we can unite. We all agree high taxes just makes the super rich hide their money. Lower taxes are better, and lower percentage of their money is better than a higher percentage of nothing.

 

[RealDave]

£13tn hoard hidden from taxman by global elite

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.

This is what its all about. Surely this should unite right and left ?

I guess taxes are too high, eh comrade?

I guess you are too stupid to know that if those people paid the taxes as they should, your tax rate might be lower.

Why would an African dictator impact my tax rate?

You dipsticks are sofa king stupid, you defend cutting taxes to the wealthy without realizing someone else picks up the loads. That someone else is you.

 

[RealDave]

Okay, let's get this straight.

You put money offshore to avoid paying taxes on it.

THEN, you're going to demand a tax cut...in order to hide more money that's not being taxed in the first place.

And then when you're called out on that absolutely absurd "logic", you lash out at those that pointed out how ridiculous you are.

Good luck with that approach.

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

It will never become efficient as long at the huge debt exist.

He thinks handouts to slackers will make the economy more efficient.

The money spent helping those in need has a huge effect on the economy. The money your assholes keep handing the wealthy - not so much.

 

[Tommy Tainant]

£13tn hoard hidden from taxman by global elite

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.

This is what its all about. Surely this should unite right and left ?

Yeah.. Most of that is South American and Mid East Dictator money.. Gonna be hard to tax those guys I think...

And African as well. In these instances I dont think it is a tax issue. Tax havens are facilitating the robbing of the poorer countries in the world by allowing these scoundrels safe haven.

It would not be beyond the capabilities of the West to cut off these options.

But then it is western corporations that enrich them through bribery so I cant see that happening soon.

Should probably get rid of US Estate taxes then. Because taking 1/2 of what's ALREADY been taxed, just encourages the practice.

But your number is MORE THAN HALF -- Corrupt foreign leaders that are squirreling away a golden parachute should the peons ever decide to raid the palace or NATO decides to bomb their countries. They use the same "havens" because of the anonymity and security of the banks there.

Once income has been taxed I am quite relaxed about it. My main concern is the way these companies use the tax havens to avoid paying any tax on income. It is creating disfunctional societies and putting a strain on public services.

Tax avoidance is the biggest business in the UK and it is at epidemic level.

People focus on the likes of Amazon and Vodafone but pretty much everyone is at it.

As an example look at my wifes former employer Spire Hospitals.

They used to be owned by a mutual company called BUPA but were bought out by a hedge fund a few years back.

The way the buyout was constructed is the key.

Basically the hedge fund set up two shell vehicles in Luxembourg. One they financed through a loan. The first shell company then loaned the same money to the other shell and they used this money to buy the hospitals.

So every year that these hospitals turn a profit it goes back to the Luxembourg shell who then pay off the annual interest on the loan that these characters gave themselves to buy the hospitals in the first place.

So having removed the lions share of the profits there is nothing left to tax.

Why is a hospital in Wrexham owned by a shell company in Luxembourg ? There is only one reason.

And it gets worse. Spire dont train Drs or Anaesthetists. They rely on NHS trained staff to run their business. Most of their business is actually NHS bulk work as well.

They are robbing the people who provide them with their business.

Government should deal with it and restore some equity but when you look at our former Prime Minister who had extensive Panama holdings and then look at the current PM whose husband is a big player in tax avoidance you can see why nothing is done.

And it would be relatively easy to start on this. Refuse to give government work to companies structured in this way. If you want to opt out of the country thats fine,just dont expect us to fill your boots for you.

With the dictators it seems that they had no trouble freezing Russian assets. Why cant they do the same with the other tin pot wankers ?

 

[Tommy Tainant]

dears, that is Why, No Body takes the right wing seriously about economics; tax cuts are Always the solution for the right wing, regardless of which side of the curve we are on.

Because tax cuts 1) allow people to actually keep money they earned....and to keep it away from greedy, criminal politicians 2) tax cuts create jobs and lift people out of poverty 3) and as a necessary unintended consequence, they raise more tax revenue for the government...which sadly, allows greedy politicians to spend more of our money.

short term gratification at the expense of more debt? we need to improve the efficiency of our economy.

It will never become efficient as long at the huge debt exist.

He thinks handouts to slackers will make the economy more efficient.

The money spent helping those in need has a huge effect on the economy. The money your assholes keep handing the wealthy - not so much.

In the UK most welfare is spent on people in work. It subsidises low paying employers who say thank you very much.

 

[Toddsterpatriot]

£13tn hoard hidden from taxman by global elite

A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore – as much as the American and Japanese GDPs put together – according to research commissioned by the campaign group Tax Justice Network.

This is what its all about. Surely this should unite right and left ?

I guess taxes are too high, eh comrade?

I guess you are too stupid to know that if those people paid the taxes as they should, your tax rate might be lower.

Why would an African dictator impact my tax rate?

You dipsticks are sofa king stupid, you defend cutting taxes to the wealthy without realizing someone else picks up the loads. That someone else is you.

Reagan cut the top rate from 70% to 28%.
Show me how I picked up the load.