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Wonder how long it will take before they realize that current tax system won't last in the long run. Right now only rich have the resources to offshore the prof
by lukasm 10y ago
Wonder how long it will take before they realize that current tax system won't last in the long run. Right now only rich have the resources to offshore the profits, but technology will drive the cost down.
- ryanlol 10y ago> Right now only rich have the resources to offshore the profits Where are you getting this from? You don't have to be particularly wealthy to offshore your income.
- matt4077 10y agoThey've done a pretty good job of closing offshore havens.
- threeseed 10y agoAnd they don't even need to close them. They can just request that data be shared with other countries for the purpose of identifying tax avoidance. This idea that the future will consist of everyone using tax havens is ridiculous. Most ordinary people are scared of the taxation impacts of using them (and rightly so).
- riffraff 10y agoit appears to me that the current tax system is actually getting better at getting hands on offshore profits. I.e. the success of the OECD "grey list" thing, the amendment of banking secrecy laws in Switzerland and the closing of at least some tax loopholes like the one Apple used to use in Eire.