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As soon as they tighten regulations on shell companies and awful lot of wealthy people might have to start paying tax. Those people also happen to be highly in
by comprev 6y ago
As soon as they tighten regulations on shell companies and awful lot of wealthy people might have to start paying tax. Those people also happen to be highly influential in the world of global politics. Sitting in their ivory towers, a devastating explosion in a 3rd world country miles away won't change anything.
It's a sad reflection of the world we live in today.
- ChuckNorris89 6y ago>awful lot of wealthy people might have to start paying tax I doubt they will. Most likely outcome is their tax consultants will have to get craftyer. Closing loopholes and tax havens is a continuous game of whack a mole where the authorities are always a step behind.
- suby 6y agoIf there is always another loophole and these attempts at closing them don't matter, they wouldn't collectively be spending billions of dollars in lobbying to keep the current status quo. It's pretty clear that legislation can make a substantial dent in the amount of revenue that can be collected via taxes.
- black_puppydog 6y agoHey, don't mangle your metaphors! The ivory tower is full of tweed-wearing humanities and economics professors that nobody pays attention to. You must be thinking of some other building, full with fat cats. :P