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It is time to cut down the tax havens from international financial circuits.

by Iv 5y ago

unreal37 5y ago
The United States is a tax haven. [0] https://www.forbes.com/sites/toddganos/2019/09/19/worlds-best-tax-haven-the-united-states/ https://www.forbes.com/sites/toddganos/2019/09/19/worlds-bes...
piokoch 5y ago
How could you cut off City of London Corp from international financial circuits. Or the Netherlands, which is one big tax paradise even though it may seem it is not. Luxembourg? Don't think that tax heavens are some remote, distant islands governed by some petty lord. Taxation is really hard to enforce in the modern World. The biggest problem is that small, local companies cannot compete with big ones because they don't have resources to overcome taxation. For me it make sense more sense to abandon corporate tax at all and make sure that all the resources, public services that company uses in a given country are paid by the company. If company uses trucks, it should pay for roads, etc. I don't think that Facebook that operates from US and uses US resources and services should pay CIT tax in, say, France. If it uses internet infrastructure, just make Facebook to pay for it fair amount and that's all.
- rcMgD2BwE72F 5y ago
  >Taxation is really hard to enforce in the modern World. No, City of London only exists as it is, because the rest of the country let it do its thing and destroy the fabric of the society. It's not hard to enforce taxation when those who make the laws actually intend to have it enforced. Right now, those who write and enforce the law keep siding with those who evade taxes. Maybe we should change the people in power, and that is not that hard. The problem is that most media are owned by the ones who evades taxes, so the level of noise made these scandals remains under control.
earnesti 5y ago
Just ban them from using bitcoin and other cryptocurrencies and we should be fine.

It is time to cut down the tax havens from international financial circuits.

by Iv 5y ago

It is time to cut down the tax havens from international financial circuits.

The United States is a tax haven. [0] https://www.forbes.com/sites/toddganos/2019/09/19/worlds-best-tax-haven-the-united-states/ https://www.forbes.com/sites/toddganos/2019/09/19/worlds-bes...

piokoch 5y ago

How could you cut off City of London Corp from international financial circuits. Or the Netherlands, which is one big tax paradise even though it may seem it is not. Luxembourg? Don't think that tax heavens are some remote, distant islands governed by some petty lord. Taxation is really hard to enforce in the modern World. The biggest problem is that small, local companies cannot compete with big ones because they don't have resources to overcome taxation. For me it make sense more sense to abandon corporate tax at all and make sure that all the resources, public services that company uses in a given country are paid by the company. If company uses trucks, it should pay for roads, etc. I don't think that Facebook that operates from US and uses US resources and services should pay CIT tax in, say, France. If it uses internet infrastructure, just make Facebook to pay for it fair amount and that's all.

rcMgD2BwE72F 5y ago
>Taxation is really hard to enforce in the modern World. No, City of London only exists as it is, because the rest of the country let it do its thing and destroy the fabric of the society. It's not hard to enforce taxation when those who make the laws actually intend to have it enforced. Right now, those who write and enforce the law keep siding with those who evade taxes. Maybe we should change the people in power, and that is not that hard. The problem is that most media are owned by the ones who evades taxes, so the level of noise made these scandals remains under control.

earnesti 5y ago

Just ban them from using bitcoin and other cryptocurrencies and we should be fine.