4 ms·
There are working mechanisms: The rule of law, tax agencies, and courts. Plenty of people in Western countries go to jail or suffer significant financial penalt
by forapurpose 8y ago
There are working mechanisms: The rule of law, tax agencies, and courts. Plenty of people in Western countries go to jail or suffer significant financial penalties for tax evasion. In the U.S., I've even seen ads: 'In trouble with the IRS?'. You can find plenty of stories of famous people with tax problems. I would guess that compliance with tax law is higher in advanced, free societies than anywhere else.
- ixtli 8y agoYes but with few exceptions the severity of the repercussions is inversely proportional to how much private capital you have. My previous comment was a bit ranty but this mostly what I'm lamenting.
- forapurpose 8y ago> with few exceptions the severity of the repercussions is inversely proportional to how much private capital you have Is that true? People with more money have much more to lose, are more likely to be audited, and the audits and lawsuits are far more time-consuming and expensive. Also, I expect that the legal penalties are proportional to the amount of taxes illegally withheld.
- deleted 8y ago[deleted]