Tax havens and morality

Quantum Windbag

Gold Member
Joined
May 9, 2010
Messages
58,308
Reaction score
5,091
Points
245
I have to admit I never thought about this, but he makes some good points.

Actually, there are lots of people who have very compelling reasons to keep their money in havens, and only a tiny minority of them are escaping onerous tax burdens.What about: o Jews in North Africa and the Middle East?
o Persecuted ethnic Chinese in Indonesia and the Philippines?
o Political dissidents in places such as Russia and Venezuela?
o Entrepreneurs in thug regimes such as Venezuela and Zimbabwe?
o Families threatened by kidnapping failed states such as Mexico?
o Homosexuals in murderous regimes such as Iran?
As this video explains, there are billions of people around the world that are subject to state-sanctioned (or at least state-permitted) religious, ethnic, racial, political, sexual, and economic persecution. These people are especially likely to be targeted if they have any money, so the ability to invest their assets offshore and keep that information hidden from venal governments can, in some cases, be a life-or-death matter.

Are Tax Havens Moral or Immoral? « International Liberty


[ame=http://www.youtube.com/watch?v=Xf14lkyH2dM]The Moral Case for Tax Havens - YouTube[/ame]
 

Sallow

The Big Bad Wolf.
Joined
Oct 4, 2010
Messages
56,532
Reaction score
6,241
Points
1,840
Location
New York City
Morality has nothing to do with executives.

They are pretty amoral.

But they are very rich!
 

AVG-JOE

American Mutt
Gold Supporting Member
Joined
Mar 23, 2008
Messages
24,986
Reaction score
6,115
Points
280
Location
Your Imagination
It depends on the reasons behind the decisions. Who here is qualified to judge? :dunno:

The trick as a nation is to eliminate them on the supply side.

Simple taxes = Fair taxes.

Fair taxes, a budget that is balanced by law, and then build a society that ROCKS! :rock:




:smoke: It ain't rocket science, y'all.
 

whitehall

Diamond Member
Joined
Dec 28, 2010
Messages
46,862
Reaction score
10,671
Points
2,040
Location
Western Va.
The only moral obligation corporations have is to their stock holders. They have a legal obligation to obey the law. There is an entire industry of tax lawyers and accountants who make a living from outsmarting the fools who make the rules in congress.. Are they immoral for trying to get the best deal for their clients? What is this morality stuff about? If it's all about morality Bill Clinton and Eric Holder would be sharing a jail cell for pardoning the most notorious corporate pirate in history at the time in exchange for a donation to Clinton's "library".
 

AVG-JOE

American Mutt
Gold Supporting Member
Joined
Mar 23, 2008
Messages
24,986
Reaction score
6,115
Points
280
Location
Your Imagination
The only moral obligation corporations have is to their stock holders. They have a legal obligation to obey the law. There is an entire industry of tax lawyers and accountants who make a living from outsmarting the fools who make the rules in congress.. Are they immoral for trying to get the best deal for their clients? What is this morality stuff about? If it's all about morality Bill Clinton and Eric Holder would be sharing a jail cell for pardoning the most notorious corporate pirate in history at the time in exchange for a donation to Clinton's "library".
Moral is as moral does. Bad laws can be changed. Bad laws like the complicated reams of bullshit we call the 'tax code'.

Simple and fair taxes, a budget that is balanced by law and then build a society the world can envy.
 

New Topics

Most reactions - Past 7 days

Forum List

Top