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Of course its legal by laws of the place where it happens. That's why EU has some issue with some of its members like Ireland, or Luxembourg. Hiding usually me
by saiya-jin 8y ago
Of course its legal by laws of the place where it happens. That's why EU has some issue with some of its members like Ireland, or Luxembourg.
Hiding usually means just avoiding paying most of the income taxes (ie 5% instead of 40% or even much more in places like Scandinavia). In most countries, tax brackets for really high incomes are just ridiculously high, so everybody seeks to pay less taxes while staying legal. Taxes are a sinkhole from rich payer's perspective - you get back very little and you pay a lot.
It's like expecting common Joe not claiming some tax breaks he is entitled to. Why on earth would he not do it?
- roel_v 8y agoNo offense, but you don't sound like you know what you're talking about if you don't even seem to understand the difference between 'tax avoidance' and 'tax evasion' (or at least your posts and answers give off the vibe that you're just throwing them all on the same pile of 'paying less taxes, somehow').
- saiya-jin 8y agoI am commenting only on tax avoidance (legal optimization), not tax evasion (illegal, don't know much about that). What exactly is untrue in my posts? Happy to learn more. My posts are quite generic for the topic, since we're on public internet forum but they come from my knowledge on this topic (which might be obviously invalid).