Tax havens and morality

[Quantum Windbag]

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]

 

[Toro]

And Canadians.

We can go to tax havens.

That's awesome.

 

[Sallow]

Morality has nothing to do with executives.

They are pretty amoral.

But they are very rich!

 

[AVG-JOE]

It depends on the reasons behind the decisions. Who here is qualified to judge?

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!




It ain't rocket science, y'all.

 

[whitehall]

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]

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.

 

[blastoff]

How can legally sheltering money be immoral?

But if it is it was my CPAs idea so go piss up his rope.