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Forums - Politics - $21tn hoard hidden from taxman by "global elite"

An organization that wants to find something finds exactly what it wanted to find? Color me skeptical.

"From another angle, this study is really good news. The world has just located a huge pile of financial wealth that might be called upon to contribute to the solution of our most pressing global problems," he said.

James Henry is a creepshow.



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richardhutnik said:
SamuelRSmith said:
Kasz216 said:
richardhutnik said:
Kasz216 said:
It's why taxes and investments should be levied in the countries they do business in. Not the countries they operate from.

Please clarify how you differentiate do business in from operate from.  I am not sure which one you are referring to as a legal context, vs where businesses buy and sell or produce.

How the majoirty of tax law works now is that if you own a buisness in say... france... and make sales in the US.   You would pay taxes on your profits in the US.

You own investments in the UK, you pay taxes on it in the US.

It's easy to dodge local US taxes by moving your company to dubai.

Hard to dodge the entire US market.

There is a form of taxation in the way that you mean, through import tax. However, if the firm sets up the manufacturing plant within the country, it can avoid many of those taxes (I say many, and not all, because pretty much all products nowadays require some kind of global sourcing).

It can be argue the only way to completely avoid it is to go with a form of a VAT tax.  The issue with the VAT tax is that it is argued it is regressive in  nature.

VAT doesn't effect manufacturers, it is only added at point of retail (well, it's not, but if the transaction isn't a retail transaction you can get it back off the Government). A company like, say, Coca Cola, will never have to pay a penny in VAT, but the retailer who sells their products, does. (I chose Coca Cola because a) they are a foreign firm and b) they're the only firm I can think of that does not have some kind of direct-to-consumer retail outlet)

It is also very easy to avoid VAT. Although, unlike other taxes, it's easier for the smaller companies to get away with it, than the larger ones.



bouzane said:
The embodiment of the failure of capitalism.


Uncollected taxes are a failure of capitalism?

Cripes, I think I've got this capitalism thing completely wrong.



Corporate personhood must end.  And the international banking cartels need to be demolished.

Don't ask me how... short of a global revolution.



Kenology said:

Corporate personhood must end.  And the international banking cartels need to be demolished.

Don't ask me how... short of a global revolution.


What are your arguments against corporate personhood?

The banking cartels are a problem of centralized banking. The only way to end them, and keep them gone, is to let the markets into the monetary system.



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Not sure I understand your question... you want me to explain why corporations are not human beings?



Kenology said:
Not sure I understand your question... you want me to explain why corporations are not human beings?


No, I want you to explain which legal powers personhood grants a corporation, that you disagree with.



wait.. there is people richer than bill gates?



Kenology said:
Not sure I understand your question... you want me to explain why corporations are not human beings?


You do know that actually isn't what corproate personhood is right.

 

It's worth noting the Citizens United arguement doesn't actually reference the 14th ammmendment or coprorate persohood at all... and that was just the way it was phrased in the media.  (Assuming that's your problem... I can't see what other problem someone would have with Corporate Personhood.)

To end Citizens United, you'd have to repeal the first ammendment.



Think of all the good that money could do.