4 ms·
Tracking isn't the problem to prevent tax avoidance at the point where avoidance becomes immoral. UK last month: Grosvenor dies leaving 9bn GBP in land to his
by branchless 10y ago
Tracking isn't the problem to prevent tax avoidance at the point where avoidance becomes immoral.
UK last month: Grosvenor dies leaving 9bn GBP in land to his son. We have inheritance tax in the UK, the son should have received a bill of several billion which would fund our health service.
They know where all the assets are, but the UK govt has a special loophole for rich people: trusts. The son inherits the full 9bn GBP.
It's all tracked but the UK is totally corrupt.
Given the above example how will the state act against the rich when all "money" is tracked because it's electronic? They won't touch them.
- nicky0 10y agoWho controls the trusts?
- branchless 10y agoThe land owners have full effective access to all funds just as if they owned them. The uk is a total sham.
- wtbob 10y ago> UK last month: Grosvenor dies leaving 9bn GBP in land to his son. We have inheritance tax in the UK, the son should have received a bill of several billion which would fund our health service. The Grosvenor family have spent the centuries since 1622 — when Sir Richard Grosvenor was created a baronet by King James I — slowly building up their family fortune. In 1761 Sir Richard Grosvenor, Bt, was created Baron Grosvenor; in 1784 he became Earl Grosvenor. In Robert Grosvenor, the second earl, was created Marquess of Westminster; in 1874 Hugh Grosvenor, the third marquess, was created Duke of Westminster. The family has distinguished itself by long and loyal service to the Crown and to the people of England. I fail to see why the new Duke should be forced to see the fortune his ancestors have spent centuries building be diminished so brutally.