Posted on 04/04/2013 12:04:28 PM PDT by Olog-hai
The global financial convulsion of 2007-2008 was followed by the resounding announcement of new priorities: international finance was to be better regulated and there was to be no mercy in the fight against tax havens. In short, we were to put an end to the black holes in a system that was wide open to abuse—at least if the very virtuous conclusions of the G20 held in London were to be believed. …
Revelations of individual cases, no matter how fascinating they are, should not be allowed to distract attention from the underlying problem: tax havens are a threat to democracy. They undermine the rule of law through their systematic use of secrecy. They are an absolute godsend to all kinds of fraudsters, and they promote the embezzlement of public funds in states undermined by misappropriation and corruption. In this world of apparently unlimited legal creativity, colossal sums are concealed inside shell companies, where rich individuals have stashed the equivalent of the combined GDP of the United States and Japan. …
(Excerpt) Read more at presseurop.eu ...
No, electing a bunch of pseudo-intellectual crooks to rule you with an iron fist is killing your democracies.
But that’s what democracies always do, as history teaches.
where rich individuals have stashed the equivalent of the combined GDP of the United States and Japan. …
That lying statement alone precludes my reading any further.
No. Out of control statist governments and their high taxes are killing our “democracies.”
Taxes do NOT equal democracy.
Well, that’s the thinking that the elite leaders of the EU want to push on their populace.
"... underlying problem: taxes havens are a threat to democracy."
There....fixed it.
No, electing a bunch of pseudo-intellectual crooks to rule you with an iron fist is killing your democracies.
That and forgetting we are a Rupublic under God would make death quicker!
Democracy = “We vote to take your stuff.”
Ah, finally, the thing which must happen before the left-O-dorks can complete their plan...all must be the same, else “unfair” competition will allow we creative types to escape their black hole like desire to suck all that is good into their cesspool of Obamalike slime.
Sooner or later folks, folks will have to say not only no, but “make our day” no.
Democracy sounds so pretty. A siren song.
Something not quite right about that statement..... Oh I know!
Tax havens are Excessive taxation is killing our democracies.
There, I fix it.
The problem with socialists and Marxists: Sooner or later you run out of other people’s money. When the OPM runs out, things get very interesting very quickly for that society. The politicians responsible might come to an unfortunate term limit.
Perhaps there is no French words that discriminate between tax havens as opposed to tax cheats. The first is legal and under the authority of the legislative body that wrote the tax code and the other is an illegal action forbidden by that same tax code.
I am sure if I examined Ms. Natalie Nougayrède’s tax returns I would find evidence of the former and not too surprisingly, several of the latter.
There, fixed it
In other news, wolves are protesting because sheep are protecting themselves from predation.
Thanks Olog-hai.
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