| Wyrdness said: You can have both that's the point, for every few getting jailed many more get away scott free the's one or the other finance has been operating like that for years now, they'd take a fine anyday as it means nothing to them. 40m CHF to the biggest bank in the world whose worth can total to £400bn, yeah sure that will show them considering they make more then that fine within weeks, ask yourself this who is the fine being paid to, no infact I tell you the same groups who the banks control the flow of money for so the fine instantly flows back to the banks. If you want to know how much power a bank has over you right now just look at the recessions, it was triggered by them messing about, look up the strategy know as the greater fool, this was used by some institutes with the mortgages in anticipation of some kind of recession. |
If there's no proof that "many" are getting away with it then that's the end of it ...
There's also a big difference between "money laundering" and "tax avoidance". "Tax evasion" is the equivalent to money laundering but most businesses do the latter by sending their profits to "tax shelters" and that is perfectly legal in theory ...
| Wyrdness said: Salaries are nothing, what goes into your bank is going to go back into the system unless you are one of the top earners it's one of the biggest illusions around, if you think companies pay out of the good of their heart and the law has no bearing you're kidding yourself as the law is why you're getting paid. Why do you think minimum wage exists in many countries if companies cared? Why do you think a lot of your own US products are made in counties like China by ultra cheap labour instead of providing jobs back home? Why do you think the are things like Unions for different industries? The law stepped in to make sure people are paid a fair amount and clamped down on exploitation otherwise you'd be doing your work for free if left up to companies, look up history business has never cared for the people and workers, all that matters are their own pockets. Companies don't pay what they think you're worth that's you dreaming they pay what the rate of what the role is again this was all the doing of the laws and Unions. |
Sounds exactly like what a freeloader would say ...
If they truly thought that why wouldn't businesses just pay those high wage jobs minimum wages instead ?
| Wyrdness said: 18% of what exactly, that doesn't tell us anything, most of the money was going to offshores like what the US companies do so they're gaining 18% of depleted funds that shrunk more and more by the day, it's not the perecentage it's what the percentage is of not to mention factors like the currency they were using before the switch to Euro. and many offshore users who don't even declare their money so that 18% doesn't mean anything if it's coming from the bare minimum and doesn't cover the country's standard of living. |
Of their total income! Greece has experienced GDP growth from 1994 to 2007 for consecutively 13 years so the excuse of tax avoidance doesn't apply ...
Their taxation system is the LAST thing I would accuse. There's many other issues that takes precedence over that such as government spending budgets, continous trade deficits, and misrepresentation of their debt ...
Maybe Greece ought to be paying back that debt instead of keeping up their living standards ...
Despite increasing their tax to GDP ratio, Greece ended up being an unmitigated mess ...
