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The few investigations following the aftermath of the Panama papers recovered a couple of billion dollars after several years of investigation. The estimated
by DoingIsLearning 2y ago
The few investigations following the aftermath of the Panama papers recovered a couple of billion dollars after several years of investigation.
The estimated evasion _in_the_EU_ using these off-shoring vehicles in Panama is around 100 to 200 billion. [0]
The 2023 Defense spending of the entire EU member states was about 270 billion.
What will happen is income taxes will increase for high earners who cannot evade income tax. And the 'super' rich will continue to own nothing on paper.
[0] https://www.europarl.europa.eu/cmsdata/116947/20170412_panama_papers_study_final.pdf https://www.europarl.europa.eu/cmsdata/116947/20170412_panam...
- devilbunny 2y ago> income taxes will increase for high earners who cannot evade income tax i.e., those pesky jumped-up merchants who think that $1M a year in wages entitles them to speak to us. And who, despite what seems like limitless wealth to the lower middle class (I would know), don't have nearly enough to really influence on a major scale.