What lies beneath: Evidence from leaked account data on offshore banking use
1–10 of 188 posts
Re: What lies beneath: Evidence from leaked account data on offshore banking use
#2discussed here
https://news.ycombinator.com/item?id=27089906
Re: What lies beneath: Evidence from leaked account data on offshore banking use
#3I find it odd that the IRS does a lot of heavy lifting to go after Joe-Blue-Collar but completely seems blind to the thousands of money launderers both individuals and corps.
Personally, I think the entire financial system is broken and should be squashed.
Re: What lies beneath: Evidence from leaked account data on offshore banking use
#4I find it odd that the IRS does a lot of heavy lifting to go after Joe-Blue-Collar but completely seems blind to the thousands of money launderers both individuals and corps. Personally, I think the entire financial system is broken and should be squashed.
Even if Joe manages to evade $1000 in taxes, that won't even buy a good meal in a posh restaurant to even discuss the matter with a local politician. They are the easy target and they have no bribing power, so the have no sympathy of powers that be.
Re: What lies beneath: Evidence from leaked account data on offshore banking use
#5I find it odd that the IRS does a lot of heavy lifting to go after Joe-Blue-Collar but completely seems blind to the thousands of money launderers both individuals and corps. Personally, I think the entire financial system is broken and should be squashed.
Intentional budget cuts and a harder target.
https://www.propublica.org/article/irs-sorry-but-its-just-ea...
> For now, the IRS says, while it agrees auditing more wealthy taxpayers would be a good idea, without adequate funding there’s nothing it can do. “Congress must fund and the IRS must hire and train appropriate numbers of [auditors] to have appropriately balanced coverage across all income levels,” the report said.
> Since 2011, Republicans in Congress have driven cuts to the IRS enforcement budget; it’s more than a quarter lower than its 2010 level, adjusting for inflation.
Re: What lies beneath: Evidence from leaked account data on offshore banking use
#6I find it odd that the IRS does a lot of heavy lifting to go after Joe-Blue-Collar but completely seems blind to the thousands of money launderers both individuals and corps. Personally, I think the entire financial system is broken and should be squashed.
The IRS doesn't do a lot of heavy lifting.
The IRS does a lot of stuff that can be easily handled by a computer--matching up data from various sources to make sure it agrees. Once it needs a human eyeball, though, they do very little.
It's just your Joe-Blue-Collar guy has most of his finances already reported to the IRS, anything wrong and the matching computer will catch it.
Re: What lies beneath: Evidence from leaked account data on offshore banking use
#7I find it odd that the IRS does a lot of heavy lifting to go after Joe-Blue-Collar but completely seems blind to the thousands of money launderers both individuals and corps. Personally, I think the entire financial system is broken and should be squashed.
The IRS was made to lay off of the rich by their friends in Congress. Their enforcement budgets have been cut.
Re: What lies beneath: Evidence from leaked account data on offshore banking use
#8Why is Brookings eligible for a .edu TLD?
Re: What lies beneath: Evidence from leaked account data on offshore banking use
#9Why is Brookings eligible for a .edu TLD?
Registrars don't enforce TLDs in the way you implicitly assume.
Re: What lies beneath: Evidence from leaked account data on offshore banking use
#10Why is Brookings eligible for a .edu TLD?
https://en.wikipedia.org/wiki/.edu#Grandfathered_uses
Domains that were already registered in edu as of October 29, 2001, were grandfathered into the system. Holders of such domain names can retain their edu domain names without regard to the current eligibility criteria.
Brookings.edu was first registered 07-Sep-1996, so it would appear they are grandfathered in. Similar case for the S.F. museum, the exploratorium.edu https://domain.glass/Brookings.edu