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Super Rich Tax Cheats Outed by Bank Clerk
- fallentimes 18y agoI have very mixed emotions on this. The guy shouldn't have stolen the records let alone sell them. The "super rich" obviously shouldn't have evaded taxes. And the government shouldn't be wasting so much of the tax payers' dollars. If effective tax rates were 20% instead of 40-60%, I wonder what impact that would have on tax evasion.
- icey 18y agoI think this falls under the category of "Two wrongs don't make a right".
- fallentimes 18y agoAgreed, but it's 3 wrongs.
- nuclear_eclipse 18y agoBut three rights make a left... chirping
- nickb 18y agoAnd the government shouldn't be wasting so much of the tax payers' dollars. Wasting how exactly? Purchasing these CDs? The windfall for the governments of the World that have purchased this data and are prosecuting the people on the list is twofold: a) they'll recoup all the money they're spending on this data and prosecution through the settlements with tax evaders (I don't see any lawyer recommending their client to fight this.. best is to settle and pay the gov what it thinks it's due and hope to somehow avoid jail) b) it will have a huge effect as a deterrent and a tax windfall will be pretty big over the coming years. Looks like an excellent investment to me (and I don't remember last time I've seen gov invest wisely).
- fallentimes 18y agoSorry, it was a general comment - not specific to this situation. I should have articulated that better. If tax rates went down, people would evade taxes less as they'd have less incentive to do so. Your last sentence exemplifies my first comment.
- nickb 18y agoWell, thats a whole other issue that's much harder to settle :)
- patrickg-zill 18y agoDid the bank clerk pay taxes on the money that the various governments paid him? Just asking ... supposedly he was paid upward of 5 million euros.