£20 trillion stashed away in tax havens by super rich

[EvilCat Breath]

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.

It's their money. Why should they give it to anyone?

 

[2aguy]

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.........

 

[Moonglow]

£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 ?

And they demand a tax cut to stash more away in hidden accounts.

 

[Moonglow]

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.

It's their money. Why should they give it to anyone?

It helps to stagnate economies....Why should we support cutting their taxes?

 

[eflatminor]

£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 ?

And they demand a tax cut to stash more away in hidden accounts.

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

Makes...zero...sense

Leftist logic on full display.

 

[Moonglow]

£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 ?

And they demand a tax cut to stash more away in hidden accounts.

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?

 

[eflatminor]

£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 ?

And they demand a tax cut to stash more away in hidden accounts.

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.

 

[Moonglow]

£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 ?

And they demand a tax cut to stash more away in hidden accounts.

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.

 

[fncceo]

£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 ?

Good, less money to be pissed away by politicians.

 

[Toddsterpatriot]

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.

It's their money. Why should they give it to anyone?

It helps to stagnate economies....Why should we support cutting their taxes?

It helps to stagnate economies....

When taxes are too high, that happens.

 

[leftwinger]

£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 ?

And they demand a tax cut to stash more away in hidden accounts.

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?

Good question. TomT knows about "it" so is it really hidden?

They paid tax on "it" before loaded on pallets and shipped out, correct? "It" is now theirs?

Does TomT feel same about AAPL with $1T overseas? They say $450bil will come back when Corporate rate changed to 15%.

 

[danielpalos]

£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 ?

Spoken like a true leftist. You think what I have belongs to you and I should be happy with what you let me keep.

The left truly are an immoral people.

lol. not as immoral as capitalists pursuing a profit motive.

the left may aspire to be moral enough to merely and simply, Tax the rich into Heaven, simply for the sake of social morals for free.

 

[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.

It's their money. Why should they give it to anyone?

Dear, it is Your money Only until Congress can find Ways and Means to Appropriate, your money for the public good.

 

[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?

 

[danielpalos]

£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 ?

And they demand a tax cut to stash more away in hidden accounts.

the right wing Only likes to complain when the poor "expatriate money" via remittances.

 

[eflatminor]

£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 ?

And they demand a tax cut to stash more away in hidden accounts.

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.

 

[danielpalos]

And they demand a tax cut to stash more away in hidden accounts.

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.

 

[Moonglow]

And they demand a tax cut to stash more away in hidden accounts.

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.

Then why hide it in the first place?
Think about it....
the action of hiding objects is a psychological base for what actions?

 

[danielpalos]

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.

Then why hide it in the first place?
Think about it....
the action of hiding objects is a psychological base for what actions?

tax avoidance.

 

[2aguy]

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.