Hoarding money like this is highly immoral. Just give most of it away: https://www.currentaffairs.org/2017/06/its-basically-just-im...
All the money that rich people give away comes out of your wallet in the form of tax deductions.
Paradise Papers: New leak from offshore finance firm
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Re: Paradise Papers: New leak from offshore finance firm
#12If a company doesn't use these tax-avoidance means, it becomes uncompetitive and gets eaten by those, that do. Moreover, there is a wealth of tax optimizing consultants with great knowledge of holes one gets access to once their revenue reaches $x00,000,000, often sanctioned by governing bodies. So if one makes it to the club, the easy way to stay there is to adopt the same disgusting practices like everybody else an…
That's why we need good journalism... power will always corrupt, making the "Fourth Estate" a necessary implicit branch of a democratic government-and-society
Re: Paradise Papers: New leak from offshore finance firm
#13The sad thing about this is the fatigue caused by the whole "well, of course they're cheating, they always do.". When the powerful/wealthy get caught the result seems to be just further apathy, rather than outrage with consequences. I wonder how long this can continue.
Re: Paradise Papers: New leak from offshore finance firm
#14The sad thing about this is the fatigue caused by the whole "well, of course they're cheating, they always do.". When the powerful/wealthy get caught the result seems to be just further apathy, rather than outrage with consequences. I wonder how long this can continue.
I think many hoped for a path forward in Bernie Sanders, but the Democratic Party kneecapped that...
Re: Paradise Papers: New leak from offshore finance firm
#15Imagining people in meeting rooms at law firms discussing if they can go back to paper-only workflow...
Also, this I guess confirms the policy I heard from several heads of accounting depts in the 90's that they did not want their computers connected to the Internet..
Re: Paradise Papers: New leak from offshore finance firm
#16The leak shows substantial Russian cash going to US commerce secretary Wilbur Ross; Twitter and Facebook; and Arsenal and Everton. It also shows the usual tax avoidance by powerful people including Lord Ashcroft and Trudeau financier Stephen Bronfman.
Re: Paradise Papers: New leak from offshore finance firm
#17If a company doesn't use these tax-avoidance means, it becomes uncompetitive and gets eaten by those, that do. Moreover, there is a wealth of tax optimizing consultants with great knowledge of holes one gets access to once their revenue reaches $x00,000,000, often sanctioned by governing bodies. So if one makes it to the club, the easy way to stay there is to adopt the same disgusting practices like everybody else an…
>If a company doesn't use these tax-avoidance means, it becomes uncompetitive and gets eaten by those, that do.
I don't understand why that would be the case.
Re: Paradise Papers: New leak from offshore finance firm
#18Here come the conspiracy theory apologists. Blah blah tin foil hat blah blah wacko nutjob.
>user: bearbearbear
>created: 6 days ago
You're only supposed to start deflection if and when your astroturfing gets called out. This was probably covered in your onboarding process.
Re: Paradise Papers: New leak from offshore finance firm
#19I can't help but think of the GOP's tax "reform" that is a hot topic in the US right now. I say "reform" because there's absolutely no reform about it. It's a tax cut for billionaires bought and paid for by the GOP donor class. The paranoia of religious conservatives certainly elected the GOP but make no mistake: they don't give a shit about anyone but the donor class, often personified by the Koch brothers. The carr…
> It's a tax cut for billionaires bought and paid for by the GOP donor class
I am a small business owner setup as a LLC single member company and the new cap will be a positive for me. It will reduce my tax burden allowing me to buy more software from companies, hire, expand, increase advertising spending, etc. I am a very real case, and there are lots of other small business owners like me who are certainly not billionaires. In fact most bay area tech company employees make more than I do. I find it somewhat hypocritical that employees at Google and Facebook that are making 200K+ are complaining about tax reform.
Re: Paradise Papers: New leak from offshore finance firm
#20I can't help but think of the GOP's tax "reform" that is a hot topic in the US right now. I say "reform" because there's absolutely no reform about it. It's a tax cut for billionaires bought and paid for by the GOP donor class. The paranoia of religious conservatives certainly elected the GOP but make no mistake: they don't give a shit about anyone but the donor class, often personified by the Koch brothers. The carr…
The GOP is beyond corrupt -- would you agree the focus should be on improving the Democratic Party to be formidable again?
No, they are just the definition of corruption.