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Tax havens: Super-rich 'hiding' at least $21tn

Discussion in 'Current Events' started by stevethrower, Jul 22, 2012.

  1. stevethrower

    stevethrower Got Sig?

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    Link

    Mr Henry said that the super-rich move money around the globe through an "industrious bevy of professional enablers in private banking, legal, accounting and investment industries. - Well... no shit.
     
  2. doomvulture

    doomvulture Lord of Jailbait

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    I have about 2k in a tax shelter, yep I am the 1%
     
  3. d0uche_n0zzle

    d0uche_n0zzle **Negative_Creep**

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    Old baseball cards are not a tax shelter, Mr. 1%er.
     
  4. KRSOne

    KRSOne Registered User

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    Do libs still think higher taxes will effect these people at all?
     
  5. whiskeyguy

    whiskeyguy PR representative for Drunk Whiskeyguy.

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    Instead of only thinking about the tax revenue, perhaps give Americans who have their money overseas a tax holiday, like many have asked for, so they bring that money into America and invest it here. Also, wile I'm sure a lot, if not most, of that money is hidden for illegal tax evasion purposes, a lot of it is probably completely legal.
     
  6. stevethrower

    stevethrower Got Sig?

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    Well if they are getting interest on that money... and not declaring it... ummmm
     
  7. whiskeyguy

    whiskeyguy PR representative for Drunk Whiskeyguy.

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    Depends on a lot of things... where that money originated for one. How the accounts are structured, what name is on the account (for example if it's a foreign corporation). Sure they may be avoiding taxes (you and I "avoid" taxes if we can through deductions)... but a lot of them may be doing so completely legally.
     
  8. Awful Me

    Awful Me I do it.

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    It's the Illuminati maaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaan


    That super rich elite is probably why at least 80% of those of us who have jobs are employed.

    Hide your money you rich bastards. Keep controlling the world and keep my paychecks coming!
     
  9. mascan42

    mascan42 Registered User

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    Really? Is this article written for 12-year-olds?
     
  10. Voss's Tumor

    Voss's Tumor Banned

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    You mean to tell me there are super-rich people who go out of their way to keep their own property and not allow governments decide that their property is public property? The hell you say!
     
  11. steve500

    steve500 Registered User

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    No, but they may think that higher taxes will affect them
     
  12. Norm Stansfield

    Norm Stansfield 私は亀が好きだ。

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    Tax havens are foreign countries. Why would your country be entitled to money invested or deposited in a foreign country?
    Ummmm what?
     
  13. VMS

    VMS Victim of high standards and low personal skills.

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    The US is the only major nation I aam aware of that taxes its citizens for income earned outside its borders.

    That article may well be suggesting that some nations, like Germany, may be considering doing the same.

    Sent from my PG06100 using Tapatalk 2
     
  14. THE FEZ MAN

    THE FEZ MAN as a matter of fact i dont have 5$

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    i have a sock full of 100$s under my mattress thats my tax haven
     
  15. Norm Stansfield

    Norm Stansfield 私は亀が好きだ。

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    The US is the most powerful country in the world, and even it has serious trouble blackmailing foreign countries and banks into sharing financial information that makes taxing such income possible (it took 9/11 and the excuse of the war on terror to finally get Switzerland to budge on its privacy policies for instance).

    I don't think other nations would be very successful in taxing outside income, even if they tried. Germany for instance would have zero leverage when demanding any information from outside the European Union.
     
  16. Norm Stansfield

    Norm Stansfield 私は亀が好きだ。

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    They're not secret tax havens. They're all listed on wikipedia and on world maps. And the accounts aren't any more hidden than any other bank deposit, in any other country. They're private, obviously (all bank accounts are private), but no one is trying to hide their existence.
     
  17. CougarHunter

    CougarHunter Lying causes cat piss smell.

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    Not much of a tax haven because you likely paid taxes on it already.
     
  18. Don the Radio Guy

    Donator

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    Until recently, a trillion in UK English was a million million million, not a million million.
     
  19. Hack Hawk Down

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    The East African nation of Eritrea does too.

    That's about it.

    But America is unique in a lot of ways.

    For example, these are the countries that still have the death penalty for drug offences...

    One of these things is not like the other....

    Afghanistan
    Bangladesh
    Brunei
    China
    Egypt
    Indonesia
    Iran
    Iraq
    Kuwait
    Laos
    Malaysia
    Oman
    Pakistan
    Saudi Arabia
    Singapore
    Somalia
    Sri Lanka
    Thailand
    Vietnam
    United Arab Emirates
    United States
    Zimbabwe
     
  20. Party Rooster

    Party Rooster Unleash The Beast

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    When's the last time an American was put to death for a drug charge?
     
  21. Voss's Tumor

    Voss's Tumor Banned

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    Probably the last time some porker with a badge got a paper-cut during his arrest and turned the whole thing into a capital offense.
     

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