3 ms·
Couple points: 1. Have any of you brilliant financial analysts who work in different tech sector jobs and megacorps put consideration into how much of your hig
by helloworld11 5y ago
Couple points:
1. Have any of you brilliant financial analysts who work in different tech sector jobs and megacorps put consideration into how much of your high salaries and benefits might just be subsidized by those same corps that hire you being able to enormously reduce their tax burdens through all sorts of clever tax avoidance schemes?
The same havens and instruments that are often used by blatant tax avoiding criminal money launderers such as drug traffickers and corrupt politicians also correlate with the paths that legal entities legally use to avoid taxes.
2. In all discussions about tax havens and financial privacy instruments, the criticism is always against those who practice these things and those who facilitate them. Rarely do people who should know better seem to ask if maybe, just maybe, government already wastes far too much money on all sorts of idiocies and inefficiencies. Many of these could first be corrected for better funding of its better, more socially beneficial programs instead of reallocating funds or trying to squeeze even more tax revenue and paranoid surveillance from people of all kinds.
The obvious example in this case: The U.S governments military budget alone is in the several hundreds of billions per year (not including god knows how much black budget spending or military-related waste), but tax avoidance losses get screamed about by bureaucrats and social justice types at every turn.
How about wasteful-spending avoidance first, and a modicum of self restraint from the behemoth public agencies that bloat nearly every western governments apparatus today?