Interesting article.
Pretty sure the guy is a lib, and doesn’t offer much in the way of solutions, after suggesting that corporations and the rich are getting away with something. When the numbers don’t add up to much when considering the costs, and I’m talking about the taxes estimated to be lost. What did he say, 200 billion. Chicken feed in a trillion dollar economy.
Want to keep money in country. Quit taxing the crap out of everything that moves. A concept lost on those whose governmental lives depend on free spending government.
I’m sure the number of these tax haven accounts are being swelled by wealthy French fleeing the confiscatory new tax rates imposed by President Hollande’s socialist government and soon many Americans may be joining them if the Bush tax rates are allowed to expire. Will socialists never learn that the wealthy aren’t stupid, especially those who, contrary to Obama’s rhetoric, actually built their fortunes? These wealthy will not simply roll over and pay a substantial portion of their hard earned wealth in new taxes, but will take advantage of these loop holes or even move out of the country taking their money and jobs their businesses create with them.
Bump for later reading.
People who have experience with the procedures this clumsy putz is attempting to put in play are laughing at his ineptitude.