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Tax Evasion is a Global Problem - every country from UK to Russia to my own country of Bangladesh have rich people hiding their money in foreign countries. I a
by 1971genocide 11y ago
Tax Evasion is a Global Problem - every country from UK to Russia to my own country of Bangladesh have rich people hiding their money in foreign countries.
I am happy that the US public is forcing their govt to look into it and hopefully a global system is set up to prevent tax evasion everywhere.
- patrickdavey 11y agoInteresting, unsure why you were downvoted here. I completely agree that tax evasion is a global problem. There's a fantasic book called "Treasure Islands"(http://treasureislands.org/ http://treasureislands.org/) which goes into it in detail. Showing how multinationals and the very rich structure their affairs so as to avoid the bulk of taxation (while not actually living in these offshore jurisdictions) Is it right? It's reasonably legal (the difference between evasion and avoidance is a very grey thing). According to the book linked above, we give less in aid than countries lose in not being able to tax effectively. Not quite sure how you fix it, probably fewer laws and more transparency. But it'll be quite the fight, there are more than a few $$'s at stake.