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>"Taxes are high so I won't try to make more money" - No one ever. No, but the Swiss banking system, Panama Papers, Canadian shadow company situation et al. ca
by cmdshiftf4 7y ago
>"Taxes are high so I won't try to make more money" - No one ever.
No, but the Swiss banking system, Panama Papers, Canadian shadow company situation et al. can attest to the fact that when income / wealth rises to a certain level and those who've earned / attained it feel the level of tax being levied at them is of an unfair level, a vast amount of money that could be taxed will be off-shored.
Everyone, particularly those in areas with a low sense of shared identity and the mutual obligations that comes with it, will try to minimize their tax bill some way or another and once one attains a certain level they will unlock mechanisms to avoid tax at a level that will be detrimental to the rest of the players in their given system.